Constructing a mixed-logit model with market positioning to analyze the effects of new mode introduction |
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Authors: | Chih-Wen Yang Yen-Ching Sung |
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Affiliation: | 1. Department of Logistics Engineering and Management, National Taichung Institute of Technology, 129, Sanmin Road, Sec. 3, Taichung 404, Taiwan;2. Department of Transportation and Communication Management Science, National Cheng Kung University, 1, Ta-Hsueh Road, Tainan 701, Taiwan |
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Abstract: | This study aims to investigate how the introduction of high-speed rail (HSR) influences traveler choice behavior and the market structure in the western corridor of Taiwan. A new mixed-logit model with factor decomposition is constructed to analyze the market positioning of the existing modes and HSR; the data is collected using the stated preference method. The empirical results show that travel cost is the major factor in market positioning. After the introduction of HSR, travelers’ mode preference did not change, whereas locations across modes on the market-positioning map as well as some coefficients of the explanatory variables changed. |
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