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http://hdl.handle.net/11718/17258| Title: | A logarithmic goal programming approach to develop the utility function for a railway travel |
| Authors: | Dutta, Goutam Ghosh, Priyanko Kaul, Arushi Wanchoo |
| Keywords: | Forecasting;Revenue management;Utility function;Choice models;Logarithm goal programming;Railway passengers;Train routes;Route choice;Route options;India railways |
| Issue Date: | 2015 |
| Publisher: | Inderscience Enterprises Ltd. |
| Citation: | Dutta, G., Ghosh, P., & Kaul, A. W. (2015). A logarithmic goal programming approach to develop the utility function for a railway travel. International Journal Of Revenue Management, (2), |
| Abstract: | Railway passengers are in a dilemma to choose the best train among several alternatives available in a particular route. A relative comparison of competing railways helps the passenger to make an informed choice before the actual travel. In this paper we develop a utility model for a railway travel based on the important attributes. We carry out an analysis on the competing railways for a particular route and calculate the utility score of each train route. The passengers benefit as they are aware of the relative ranking of a particular train on a particular route before they make their choice and the railways benefit as they are able to estimate the market share of each service using a multinomial logit choice model. |
| URI: | http://hdl.handle.net/11718/17258 |
| ISSN: | 1474-7332 |
| Appears in Collections: | Journal Articles |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| A logarithmic goal programming approach to develop.pdf Restricted Access | 223.99 kB | Adobe PDF | View/Open Request a copy |
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