Analysis of port choice: A methodological proposal adjusted with public data

The availability of public databases provides a great amount of data for research, but their use can involve a lack of detailed information about the decision-makers. This fact prevents the analysis of systematic variations in their preferences. In addition, the influence of the explanatory variables included in the utility function of discrete choice models is not necessarily linear. The analysis of the port choice process through this kind of models has usually been addressed neglecting both the existence of heterogeneity in the preferences and the non-linearity in the variables. In this paper, a Box-Cox Mixed Logit Model is proposed to overcome both constraints, and it is introduced through a case study.In the aim to highlight the interest of the proposal made, the obtained results were compared with those of the more traditional formulations. The conclusion is that this model provides more accurate results. Therefore, it can better help policy-makers when assessing hypothetical scenarios to define their competitive strategies because conclusions can vary significantly, as can be seen from the prognosis carried out for the Spanish case.

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  • English

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  • Accession Number: 01743476
  • Record Type: Publication
  • Files: TRIS
  • Created Date: May 19 2020 3:13PM