Abstract
The next generation high-speed train, HEMU-430X, was developed and is now being tested. However, the existing mode choice models based on the guidelines for feasibility studies do not consider a high-speed train with a higher speed than KTX. This limitation might result in inaccurate demand forecasting. In this research, a stated preference survey was conducted in order to supplement the problem by considering the characteristics of HEMU-430X. Based on the survey results, this research developed two mode choice models, including a multinomial logit model and a nested logit model. For this purpose, the utility functions of travel time and travel costs were estimated using a Limdep 8.0 NLOGIT 3.0 package. After comparing the two models, it was concluded that the nested logit model is appropriate. The paper suggested a plan to implement the nested logit model and presented a policy implication.
| Translated title of the contribution | Development of Mode Choice Model for the Implementation of Next-generation High Speed Train(HEMU-430X) |
|---|---|
| Original language | Korean |
| Pages (from-to) | 461-469 |
| Number of pages | 9 |
| Journal | 대한교통학회지 |
| Volume | 33 |
| Issue number | 5 |
| DOIs | |
| State | Published - 2015 |