Hi
I am trying to enter the utility function such that I multiply the wage rate with the travel time to get the travel time cost. Do i enter the wage rate as a socioeconomic variable ? if i enter it as a socioeconomic variable such that the utility is of the form
b_t1=cc+b_t*(WR)
V[['car']] = asc_car_value+ (b_t1*TTUC)+b_t2*TCCUC
would my b_t1*TTUC be equal to converting my travel time to travel time cost?
supposing I convert the travel time to travel time cost externally do i enter it as an service attribute or as a socio-economic attribute ?
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converting the travel times as travel time cost by multiplying with wage rate
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stephanehess
- Site Admin
- Posts: 1339
- Joined: 24 Apr 2020, 16:29
Re: converting the travel times as travel time cost by multiplying with wage rate
Hi
apologies for the delayed response, this post had got lost.
If you wanted to express time as cost, you could do that calculation outside Apollo, in the data
Stephane
apologies for the delayed response, this post had got lost.
If you wanted to express time as cost, you could do that calculation outside Apollo, in the data
Stephane