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A Logarithmic Goal Programming Approach to Develop the Utility Function for Railway Travel

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  • Dutta, Goutam
  • Ghosh, Priyanko
  • Wanchoo, Arushi

Abstract

A railway passenger faces a dilemma of choosing 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 railway travel based on a few important attributes. We carry out an analysis on competing railways for a particular route and calculate the utility score of each railway. 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.

Suggested Citation

  • Dutta, Goutam & Ghosh, Priyanko & Wanchoo, Arushi, 2013. "A Logarithmic Goal Programming Approach to Develop the Utility Function for Railway Travel," IIMA Working Papers WP2013-09-06, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:12131
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    References listed on IDEAS

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    1. Benedikt Mandel & Marc Gaudry & Werner Rothengatter, 1997. "A disaggregate Box-Cox Logit mode choice model of intercity passenger travel in Germany and its implications for high-speed rail demand forecasts," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 31(2), pages 99-120.
    2. McFadden, Daniel, 1980. "Econometric Models for Probabilistic Choice among Products," The Journal of Business, University of Chicago Press, vol. 53(3), pages 13-29, July.
    3. Nejib Ben-Khedher & Josephine Kintanar & Cecile Queille & William Stripling, 1998. "Schedule Optimization at SNCF: From Conception to Day of Departure," Interfaces, INFORMS, vol. 28(1), pages 6-23, February.
    4. G Dutta & S Basu & J John, 2010. "Development of utility function for life insurance buyers in the Indian market," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(4), pages 585-593, April.
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