Summary of a Simple Model of Mode Choice
- 1 October 1972
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 19 (2) , 201-204
- https://doi.org/10.1287/mnsc.19.2.201
Abstract
This note summarizes a simple model of mode choice which considers such choice as depending only upon time and money costs of travel. Distance boundaries for modes and expressions for the proportion of trips by abstract modes are presented and discussed briefly. The effects of variation in time value are briefly discussed in the context of the model.Keywords
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