A Model for Time- and Budget-constrained Activity Demand Analysis
نویسنده
چکیده
This paper describes and demonstrates the derivation of a system of demands for activity participation by applying microeconomic theory in a time-price setting. Both time and money constraints are incorporated explicitly and the integer nature of demand observations is accommodated via a multivariate negative binomial stochastic specification. A model based on this theory is calibrated, providing estimates of income, discretionary-time, and cross-time elasticities. The results reject a constant travel time hypothesis but do not reject a hypothesis of no income effects on total activity participation.
منابع مشابه
CREDIBILITY-BASED FUZZY PROGRAMMING MODELS TO SOLVE THE BUDGET-CONSTRAINED FLEXIBLE FLOW LINE PROBLEM
This paper addresses a new version of the exible ow line prob- lem, i.e., the budget constrained one, in order to determine the required num- ber of processors at each station along with the selection of the most eco- nomical process routes for products. Since a number of parameters, such as due dates, the amount of available budgets and the cost of opting particular routes, are imprecise (fuzz...
متن کاملA Multi-Mode Resource-Constrained Optimization of Time-Cost Trade-off Problems in Project Scheduling Using a Genetic Algorithm
In this paper, we present a genetic algorithm (GA) for optimization of a multi-mode resource constrained time cost trade off (MRCTCT) problem. The proposed GA, each activity has several operational modes and each mode identifies a possible executive time and cost of the activity. Beyond earlier studies on time-cost trade-off problem, in MRCTCT problem, resource requirements of each execution mo...
متن کاملA multi-objective resource-constrained project scheduling problem with time lags and fuzzy activity durations
The resource-constrained project scheduling problem is to find a schedule that minimizes the project duration subject to precedence relations and resource constraints. To further account for economic aspects of the project, one may add an objective of cash nature to the problem. In addition, dynamic nature and variations in real world are known to introduce uncertainties into data. Therefore, t...
متن کاملA Preemptive multimode resource constrained project scheduling model with cash flows
Resource constrained project scheduling problem is one of the most important issues in project planning and management. The objective function of this problem is to minimize the completion time of a project. When there is budget constraint or high risk for investment, using the criteria such as cash flows is so important. The development of computer systems and processors makes it possible to t...
متن کاملMulti-item inventory model with probabilistic demand function under permissible delay in payment and fuzzy-stochastic budget constraint: A signomial geometric programming method
This study proposes a new multi-item inventory model with hybrid cost parameters under a fuzzy-stochastic constraint and permissible delay in payment. The price and marketing expenditure dependent stochastic demand and the demand dependent the unit production cost are considered. Shortages are allowed and partially backordered. The main objective of this paper is to determine selling price, mar...
متن کامل