Design and pricing of extended warranty menus based on the multinomial logit choice model
European Journal of Operational Research, 2020 This paper studies the design and pricing of an extended warranty menu, which offers multiple options with differentiated lengths and prices. The power law process is used to model product failures and evaluate warranty costs. The multinomial logit model
Xiao-Lin Wang, Xiujie Zhao, Bin Liu
semanticscholar +1 more source
Multinomial Logit Models with Implicit Variable Selection [PDF]
, 2010 Multinomial logit models which are most commonly used for the modeling of unordered multi-category responses are typically restricted to the use of few predictors. In the high-dimensional case maximum likelihood estimates frequently do not exist. In this
Tutz, Gerhard, Zahid, Faisal Maqbool
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Estimating the Potential Modal Split of Any Future Mode Using Revealed Preference Data
Journal of Advanced Transportation, 2022 Mode choice behaviour is often modelled by discrete choice models, in which the utility of each mode is characterized by mode-specific parameters reflecting how strongly the utility of that mode depends on attributes such as travel speed and cost, and a ...
Gijsbert Koen de Clercq +3 more
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Bayesian Inference in the Multinomial Logit Model
Austrian Journal of Statistics, 2016 The multinomial logit model (MNL) possesses a latent variable representation in terms of random variables following a multivariate logistic distribution.
Sylvia Frühwirth-Schnatter +1 more
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Variable Selection in General Multinomial Logit Models [PDF]
, 2012 The use of the multinomial logit model is typically restricted to applications with few predictors, because in high-dimensional settings maximum likelihood estimates tend to deteriorate.
Pößnecker, Wolfgang +2 more
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Display Optimization for Vertically Differentiated Locations Under Multinomial Logit Preferences
Management Sciences, 2020 We introduce a new optimization model, dubbed the display optimization problem, that captures a common aspect of choice behavior, known as the framing bias.
Ali Aouad, Danny Segev
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Comparative Study of Logit and Weibit Model in Travel Mode Choice
IEEE Access, 2020 To quantify travel demand, it is necessary to understand the travelers' mode choice behavior. The Logit model is widely used in travel mode choice because of its closed form.
Dawei Li, Wentong Wu, Yuchen Song
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Application of Discrete Choice Models for Exploring Traveller’s Behaviour at Egyptian Transport Network [PDF]
Port Said Engineering Research Journal, 2018 Mode choice models generally form a critical part of the analysis of the travel demand of any study area in any country and have played an important role in transport modelling over the last decades.
Ahmed Semeida
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The consumer’s choice among television displays: A multinomial logit approach
Lecturas de Economía, 2013 The consumer’s choice over a bundle of products depends on observable and unobservable characteristics of goods and consumers. This choice is made in order to maximize utility subject to a budget constraint.
Carlos Giovanni González Espitia +1 more
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Multinomial Logit Contextual Bandits: Provable Optimality and Practicality [PDF]
AAAI Conference on Artificial Intelligence, 2019 We consider a sequential assortment selection problem where the user choice is given by a multinomial logit (MNL) choice model whose parameters are unknown. In each period, the learning agent observes a d-dimensional contextual information about the user
Min-hwan Oh, G. Iyengar
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