This paper employ the discrete hidden Markov model (HMM) in order to capture information about the Markov switching model’s inner states that is not directly observable, and to pre-detect the real estate business cycle’s volatility trend. The empirical results show that this HMM can capture the asymmetry in the duration of states. Compared with the real estate leading indicator announced by the...

Detailed analyses and comparisons of urban travel forecasts prepared by applying the state-of-practice sequential procedure and the solution of a combined network equilibrium model are presented. The sequential procedure for solving the trip distribution, mode choice and assignment problems with feedback is the current practice in most transportation planning agencies, although its important li...

We define “random trip", a generic mobility model for random, independent node motions, which contains as special cases: the random waypoint on convex or non convex domains, random walk on torus, billiards, city section, space graph, intercity and other models. We show that, for this model, a necessary and sufficient condition for a timestationary regime to exist is that the mean trip duration ...

The 1990 Clean Air Act Amendments (CAAA) and the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA) have defined a set of transportation control measures to counter the increase in the vehicle emissions and energy consumption due to increased travel. The value of these TCM strategies is unknown as there is limited data available to measure the travel effects of individual TCM stra...

This paper presents the results of an accessibility-based model of aggregate commute mode share, focusing on the share of transit relative to auto. It demonstrates the use of continuous accessibility – calculated continuously in time, rather than at a single of a few departure times – for the evaluation of transit systems. These accessibility calculations are accomplished using only publicly-av...

In this paper a method to create GIS-based accessibility indicators is presented. The method allows to create person-by-person and store-by-store (disaggregate) accessibility indicators but also to derive zonal summary (aggregate) indicators that can be used in more traditional transportation planning applications. These indicators have also been used as explanatory variables in person-based tr...