A dynamic discrete-continuous choice model of car ownership and usage

• In this paper we present the methodologicalframework of adynamic discrete-continuouschoicemodel (DDCCM)of car ownership, usage and fuel type. The approach consistsof embeddinga discrete-continuous choice model into adynamic programming (DP)framework. This workproposes the following novel features. First, decisions are modeled at a household level. Sec-ond, we consider an extensive choice variable which involves the car replacement decision,the annual driving distance, the fuel type, the decision to take a company car, or a new versussecond-hand car.

Subject headings

TEKNIK OCH TEKNOLOGIER  -- Samhällsbyggnadsteknik -- Transportteknik och logistik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Civil Engineering -- Transport Systems and Logistics (hsv//eng)

Publication and Content Type

ref (subject category)

kon (subject category)