Forecasting freight transportation demand with the space-time multinomial probit model

Garrido, RA; Mahmassani, HS

Abstract

--- - Freight transportation demand is a highly variable process over space and time. A multinomial probit (MNP) model with spatially and temporally correlated error structure is proposed for freight demand analysis for tactical/operational planning applications. The resulting model has a large number of alternatives, and estimation is performed using Monte-Carlo simulation to evaluate the MNP likelihoods. - The model is successfully applied to a data set of actual shipments served by a large truckload carrier. In addition to the substantive insights obtained from the estimation results, forecasting tests are performed to assess the model's predictive ability for operational purposes, (C) 2000 Elsevier Science Ltd. All rights reserved.

Más información

Título según WOS: Forecasting freight transportation demand with the space-time multinomial probit model
Título de la Revista: TRANSPORTATION RESEARCH PART B-METHODOLOGICAL
Volumen: 34
Número: 5
Editorial: Elsevier
Fecha de publicación: 2000
Página de inicio: 403
Página final: 418
Notas: ISI