A major drawback associated with the use of classical statistical methods for business failure prediction on top of financial distress is their lack of high accuracy rate. This work analyses the use of the two-stage ensemble of multivariate discriminant analysis (MDA) and logit to improve predictive performance of classical statistical methods. All possible ratios are firstly built from the qua...

This thesis examines how to model the choice of individual travelers among various possible travel alternatives in the airline industry. A review of the models used to represent that choice situation in the Passenger OriginDestination Simulator (PODS) was undertaken for two reasons. First, the development of computational capabilities has lead to advancements in consumer choice theory that enab...

This paper compares neural network models with the standard logit and probit models, the most widely used choice/classi cation models in current empirical research, and explores the application of neural network models in analyzing political choice/classi cation problems. Political relationships are usually nonlinear and of unknown functional forms, and political data are likely noisy. The logi...

Among different stochastic user equilibrium (SUE) traffic assignment models, the Logit-based stochastic user equilibrium (SUE) is extensively investigated by researchers. It is constantly formulated as the low-level problem to describe the drivers' route choice behavior in bi-level problems such as network design, toll optimization et al. The Probit-based SUE model receives far less attention c...

Using discrete choice experiments (DCEs) to estimate health state utility values has become an important alternative to the conventional methods of Time Trade-Off and Standard Gamble. Studies using DCEs have typically used the conditional logit to estimate the underlying utility function. The conditional logit is known for several limitations. In this paper, we propose two types of models based...

We define the logit dynamic for games with continuous strategy spaces and establish its fundamental properties , i.e. the existence, uniqueness and continuity of solutions. We apply the dynamic to the analysis of the Burdett and Judd (1983) model of price dispersion. Our objective is to assess the stability of the logit equilibrium corresponding to the unique Nash equilibrium of this model. Alt...

Objectives: This exploratory study sought to investigate the impact of cognitive functioning on the consistency of individual responses to a DCE study conducted exclusively with older people. Methods: A DCE to investigate preferences for multidisciplinary rehabilitation was administered to a consenting sample of older patients (aged 65 years and over) following surgery to repair a fractured hip...

Two-part random effects models have been used to fit semi-continuous longitudinal data where the response variable has a point mass at 0 and a continuous right-skewed distribution for positive values. We review methods proposed in the literature for analyzing data with excess zeros. A two-part logit-lognormal random effects model, a two-part logit-truncated normal random effects model, a two-pa...

The aim of this paper is to contribute to describe the simultaneous choice of travel mode and 1 departure time by making use of a cross-nested logit structure that allows for the joint representation of 2 inter-alternative correlation along the both choice dimensions. Traditional multinomial logit model and 3 nested logit model are formulated respectively. The analysis uses the Revealed Prefere...

Biodiesel Production from Mixed Culture Algae Via a Wet Lipid Extraction Procedure