Article ID: | iaor201530355 |
Volume: | 81 |
Start Page Number: | 672 |
End Page Number: | 685 |
Publication Date: | Nov 2015 |
Journal: | Transportation Research Part B |
Authors: | Nakayama Shoichiro, Chikaraishi Makoto |
Keywords: | simulation, networks, combinatorial optimization, statistics: distributions |
This study proposes a generalized multinomial logit model that allows heteroscedastic variance and flexible utility function shape. The novelty of our approach is that the model is theoretically derived by applying a generalized extreme‐value distribution to the random component of utility, while retaining its closed‐form expression. In addition, the weibit model, in which the random utility is assumed to follow the Weibull distribution, is a special case of the proposed model. This is achieved by utilizing the