This paper discusses the representability of discrete logit-type models including multinomial logit and nested logit model from a mathematical approach. It is shown that the logit-type models can be reconstructed from mathematical approximation theory with sigmoidal functions widely used in Neural Network modeling without the basic assumptions such as IIA and iid, and the distribution (or densi...

We consider assortment and price optimization problems under the d-level nested logit model. In the assortment optimization problem, the goal is to find the revenue-maximizing assortment of products to offer, when the prices of the products are fixed. Using a novel formulation of the d-level nested logit model as a tree of depth d, we provide an efficient algorithm to find the optimal assortmen...

Keywords: logit model, cross-nested model, GEV model, random utility, transportation demand Swiss Transport Research Conference – STRC 2003 – Monte Verita

Many researchers have used the conditional logit model to examine migration. One common objection to this model is that it carries the independence from irrelevant alternatives (IIA) assumption, which may be too restrictive. This study compares the conditional logit with models that partially relax (nested logit) or fully relax (mixed logit) the IIA assumption. We will begin to learn whether as...

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.

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...

one of the main challenges facing the agriculture bank of iran regarding lending loans is the high probability of default by farmers. several factors could be involved in this issue and should be considered in order to control and reduce the risk in the failure of repayment. this study aimed to examine the factors affecting the repayment performance of agricultural loans in the city of maragheh...