Incorporating differences in marginal utilities of time across activities in a time allocation model Nepal, Kali Prasad, Fukuda, Daisuke and Yai, Testuo 2007, Incorporating differences in marginal utilities of time across activities in a time allocation model, in EASTS 2007 : Proceedings of the Eastern Asia Society for Transportation Studies, Eastern Asia Society for Transportation Studies, Dalian, China, pp. 1-16. Attached Files Name Description MIMEType Size Downloads nepal-incorporatingdifferences-2007.pdf Published version application/pdf 418.16KB 45 Title Incorporating differences in marginal utilities of time across activities in a time allocation model Author(s) Nepal, Kali Prasad orcid.org/0000-0001-7497-1983 Fukuda, Daisuke Yai, Testuo Conference name Eastern Asia Society for Transportation Studies. Conference (7th : 2007 : Dalian, China) Conference location Dalian, China Conference dates 24-27 Sep. 2007 Title of proceedings EASTS 2007 : Proceedings of the Eastern Asia Society for Transportation Studies Editor(s) [Unknown] Publication date 2007 Conference series Eastern Asia Society for Transportation Studies Start page 1 End page 16 Total pages 16 Publisher Eastern Asia Society for Transportation Studies Place of publication Dalian, China Keyword(s) Marginal Utilities Income constraint Time allocation Summary Most existing activity time allocation models assume that individuals allocate their time to different activities over a period in such a way that the marginal utilities of time across activities are equal. Their argument is that, if not equal, an individual is free to allocate more time to those activities whose marginal utilities of time are higher and, finally allocates the optimal time to each activity with equal marginal utility. However, such an ideal situation may not always prevail in reality, especially when an individual is under income constraint and/or under intense time pressure. In order to incorporate such differences in marginal utilities of time across activities, we enrich the traditional activity time allocation model by explicitly including income constraint and by adding marginal extension activity choice model. As an application, the developed integrated model is used to estimate the value of activity time during weekends in Tokyo. The results are encouraging in that they forecast the individual time allocation more accurately and estimate realistically the value of activity time for each activity in a set of different activities than do by existing traditional models. Language eng Field of Research 099999 Engineering not elsewhere classified Socio Economic Objective 970109 Expanding Knowledge in Engineering HERDC Research category E1.1 Full written paper - refereed Copyright notice ©2007, Eastern Asia Society for Transportation Studies Free to Read? Yes Persistent URL http://hdl.handle.net/10536/DRO/DU:30049202 Document type: Conference Paper Collections: Faculty of Science, Engineering and Built Environment School of Engineering Open Access Collection   Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au. Versions Version Filter Type Thu, 01 Nov 2012, 13:09:40 EST Wed, 14 Nov 2012, 13:25:06 EST Wed, 14 Nov 2012, 13:41:32 EST Tue, 11 Dec 2012, 10:48:10 EST Tue, 21 Apr 2015, 11:16:11 EST Tue, 05 Dec 2017, 12:37:49 EST Fri, 07 Sep 2018, 16:18:32 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 264 Abstract Views, 45 File Downloads  -  Detailed Statistics Created: Thu, 01 Nov 2012, 13:09:40 EST