Random Regret Minimization: An Overview of Model Properties and Empirical Evidence

By Caspar G. Chorus. 2012

147 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Transportation

View Paper: https://www.semanticscholar.org/paper/b971c0a64e5f4259e59617895ec4e91df7ddd03b

Citations in the corpus

• Joint model of freight mode choice and shipment size: A copula-based random regret minimization framework (2019, unknown): “In the random regret minimization approach, the value of time (VOT) is calculated using the following equation (Chorus, 2012): VOT = ∑ −βt/(1+1/exp [βt(TTj−TTi)]))j≠i ∑ −βc/(1+1/exp [βc(TCj−TCi)]))j≠i (10) Where, βt and βc are the estimated coefficients of shipping time and shipping cost…”