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- Title
Multinomial Probit and Qualitative Choice: A Computationally Efficient Algorithm.
- Authors
Daganzo, Carlos F.; Fernando Bouthelier; Sheffi, Yosef
- Abstract
Even though multinomial probit models have many attractive theoretical and have been proposed for diverse choice problems (such as modal split and route choice in the transportation field), they have never been used in practice due to the lack of an adequate numerical technique for their application. The purpose of this paper is to introduce ouch a technique and to demonstrate the feasibility of forecasting with multinomial probit models. Our limited computational experience with the proposed numerical technique indicates that it is accurate, and can be efficiently applied to large choice problems.
- Subjects
ALGORITHMS; PROBITS; ALGEBRA; TRANSPORTATION; BIOMATHEMATICS; FEASIBILITY studies; DISTRIBUTION (Probability theory)
- Publication
Transportation Science, 1977, Vol 11, Issue 4, p338
- ISSN
0041-1655
- Publication type
Article
- DOI
10.1287/trsc.11.4.338