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Please use this identifier to cite or link to this item: http://dspace.library.iitb.ac.in/jspui/handle/10054/12452

Title: A stated preference study for a car ownership model in the context of developing countries
Authors: KUMAR, M
RAO, KVK
Keywords: vehicle ownership
demand
transportation
prediction
policy
Issue Date: 2006
Publisher: TAYLOR & FRANCIS LTD
Citation: TRANSPORTATION PLANNING AND TECHNOLOGY, 29(5), 409-425
Abstract: A stated preference ( SP) experiment of car ownership was conducted in Mumbai Metropolitan Region ( MMR) of Maharashtra in India. A full factorial experiment was designed to considering various attributes such as travel time, travel cost, projected household income, car loan payment and servicing cost. Data on 357 individuals were collected which resulted in 3213 observations for the calibration of the work trip and recreational trip car ownership models. The car ownership alternatives considered 0, 1 and 2 cars. A multinomial logit framework was used to develop the car ownership model taking the household as a decision unit. The specification and results of the SP car ownership model are discussed. The observed and predicted values matched reasonably when the validity of the SP car ownership model was tested against revealed preference ( RP) data. The car ownership models developed in this study exhibit a satisfactory goodness of fit. It is concluded that the SP modelling approach can be successfully used for modelling car ownership decisions of households in developing countries.
URI: http://dx.doi.org/10.1080/03081060600917793
http://dspace.library.iitb.ac.in/xmlui/handle/10054/12452
http://hdl.handle.net/10054/12452
ISSN: 0308-1060
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