Addition of upper bound on consumption in MDCEV model
Posted: 26 Jun 2023, 07:42
Hello,
If I need to put some upper bounds on the consumption values (continuousChoice) of various alternatives, how it can be incorporated in the example shown for MDCEV with outside goods?
For eg. In a typical time-allocation problem, time spent (continuousChoice) for a particular activity (alternative) will not exceed a fixed value based on practical constraints.
Are there any other examples which highlights the application of upper bounds on consumption in multiple discrete continuous formulation?
Thanks in anticipation
Suvam
If I need to put some upper bounds on the consumption values (continuousChoice) of various alternatives, how it can be incorporated in the example shown for MDCEV with outside goods?
For eg. In a typical time-allocation problem, time spent (continuousChoice) for a particular activity (alternative) will not exceed a fixed value based on practical constraints.
Are there any other examples which highlights the application of upper bounds on consumption in multiple discrete continuous formulation?
Thanks in anticipation
Suvam