Publication
A dynamic discrete-continuous choice model of car ownership, usage and fuel type
Abstract
We formulate a dynamic discrete-continuous choice model (DDCCM) of car ownership, usage and fuel type. The framework embeds a discrete-continuous choice model (DCCM) into a dynamic programming (DP) framework to account for the forward-looking behavior of households in the context of car acquisition. More specifically, we model the of transaction type, the choice of fuel type, the ownership status (private versus company car), the choice of car state (new versus secondhand) and the annual driving distance for up to two cars in the household fleet. In this paper, we present the methodological framework and demonstrate the applicability of such a model by showing a concrete example of application.
Official source
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.
Related concepts (32)
Self-driving car
A self-driving car, also known as an autonomous car, driverless car, or robotic car (robo-car), is a car that is capable of traveling without human input. Self-driving cars use sensors to perceive their surroundings, such as optical and thermographic cameras, radar, lidar, ultrasound/sonar, GPS, odometry and inertial measurement units. Control systems interpret sensory information to create a three-dimensional model of the vehicle's surroundings.
Car
A car, or an automobile is a motor vehicle with wheels. Most definitions of cars say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people, not cargo. French inventor Nicolas-Joseph Cugnot built the first steam-powered road vehicle in 1769, while French-born-Swiss inventor François Isaac de Rivaz designed and constructed the first internal combustion powered automobile in 1808. The modern car—a practical, marketable automobile for everyday use—was invented in 1886, when German inventor Carl Benz patented his Benz Patent-Motorwagen.
Car costs
A car's internal costs are all the costs consumers pay to own and operate a car. Normally these expenditures are divided into fixed or standing costs and variable or running costs. Fixed costs are those which do not depend on the distance traveled by the vehicle and which the owner must pay to keep the vehicle ready for use on the road, like insurance or road taxes. Variable or running costs are those that depend on the use of the car, like fuel or tolls.
Related publications (32)
Haptics based collaborative steering control in automated driving environments
A vehicle's steering is a particular system in that it is exposed to individual subjective reviews based on criteria that are hard to assess quantitatively. Haptic design of such systems is a prime concern that has been at the center of industrial developm ...
EPFL2023Demand-based operations of vehicle sharing systems
Vehicle sharing systems (VSSs) allow users to rent vehicles for a short period of time, in a more flexible and convenient manner compared to the traditional vehicle rental services. The long-term VSS subscription replaces the need for contract signing for ...
EPFL2023Optimization of operational decisions for on-demand shared mobility systems
Martin Jean Marie Joseph Repoux
This thesis introduces new operational management policies for two types of on-demand shared mobility systems, the now well-studied one-way carsharing systems and a new innovative semi-autonomous last-mile transportation system. In addition, two associated ...
EPFL2021Related MOOCs (2)
Selected Topics on Discrete Choice
Discrete choice models are used extensively in many disciplines where it is important to predict human behavior at a disaggregate level. This course is a follow up of the online course “Introduction t
Selected Topics on Discrete Choice
Discrete choice models are used extensively in many disciplines where it is important to predict human behavior at a disaggregate level. This course is a follow up of the online course “Introduction t