This paper investigates the application of a nested logit model to urban transit networks where every set of competitive transit lines is described by a particular graph structure called hyperpath. It shows that the nested logit model transcends the inherent limitations of the simple logit model while retaining the algorithmic advantages similar to that obtained with the ordinary logit model fo...

This paper uses data on automobile purchases to compare two alternatives to the multinomial logit model. The results indicate that the nested logit model is likely to be superior to the more general Berry–Levinsohn–Pakes model for applications using aggregate-level data.  2000 Elsevier Science S.A. All rights reserved.

A major drawback associated with the use of classical statistical methods for business failure prediction on top of financial distress is their lack of high accuracy rate. This work analyses the use of the two-stage ensemble of multivariate discriminant analysis (MDA) and logit to improve predictive performance of classical statistical methods. All possible ratios are firstly built from the qua...

The marine environment provides many goods and services dependent upon the quality of coastal waters. In this paper, we represent water quality by three different attributes, fish stock level, bathing water quality, and biodiversity level, and carry out a choice experiment among residents on the Swedish west coast to estimate the economic benefits of improved coastal water quality. We analyze d...

While there is growing application of generalized ordered outcome model variants (widely known as Generalized Ordered Logit (GOL) model and Partial Proportional Odds Logit (PPO) model) in crash injury severity analysis, there are several aspects of these approaches that are not well documented in extant safety literature. The current research note presents the relationship between these two var...

We develop an approximate dynamic programming approach to network revenue management models with customer choice that approximates the value function of the Markov decision process with a non-linear function which is separable across resource inventory levels. This approximation can exhibit significantly improved accuracy compared to currently available methods. It further allows for arbitrary ...

This paper presents a dynamic model in which agents adjust their decisions in the direction of higher payoffs, subject to random error. This process produces a probability distribution of players’ decisions whose evolution over time is determined by the Fokker-Planck equation. The dynamic process is stable for all potential games, a class of payoff structures that includes several widely studie...

objective: to evaluate the symptoms of menopausal women and the link between sexual function, menopausal symptoms and demographic variables. materials and methods: this is a cross-sectional study in which 202 postmenopausal women admitted to the health care centers were selected. the female sexual function index (fsfi) questionnaire and menopause-specific quality of life (menqol) were the main ...

Discrete choice models, like the multinomial logit (MNL), have long been recognized for their ability to capture a wide array of transport-related choice phenomena. However, a number of choices are continuous response variables (e.g., location choice, departure time choice, activity duration, and vehicle usage). In this paper, the continuous cross-nested logit (CCNL) model is introduced. The CC...

We specify a dynamic model in which agents adjust their decisions toward higher payoffs, subject to normal error. This process generates a probability distribution of players’ decisions that evolves over time according to the Fokker–Planck equation. The dynamic process is stable for all potential games, a class of payoff structures that includes several widely studied games. In equilibrium, the...