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Review of discrete-continuous models in energy and transportation

Derakhshan, Ahmad and Khademi, Alireza and Khademi, Shahab and Mohd. Yusof, Noordin and Lee, Muhammad Hisyam (2015) Review of discrete-continuous models in energy and transportation. In: 12th Global Conference on Sustainable Manufacturing, GCSM 2014, 22 - 24 September 2014, Johor Bahru, Malaysia.

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Official URL: http://dx.doi.org/10.1016/j.procir.2014.07.053

Abstract

Demand modelling of energy and transport incorporate interconnected decision variables, which are either discrete or continuous. After forty years, from McFadden multinomial logit model and incorporating it to Heckman endogenous simultaneous equation, there is an opportunity to determine the parameters of interconnected decisions simultaneously. These models are bounded by the utility theory. Now these models have matured, and their empirical aspects revealed. In this study, the pioneering works on discrete-continuous models that have been developed in the field of energy and transportation have been reviewed with a view of proposing new development to these models. These models theoretically are based on two approaches; McFadden indirect utility function and Gorman polar functional form of utility structures. In both approaches, the models are estimated by maximum likelihood procedures.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:Discrete-continuous model, Energy consumption modeling
Subjects:Q Science > QA Mathematics
Divisions:Science
ID Code:59454
Deposited By: Haliza Zainal
Deposited On:18 Jan 2017 01:50
Last Modified:15 Dec 2021 03:09

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