Modeling Influence of Temporal and Monetary Constraints on Activity Participation, Travel, Consumption of Goods, Residential Location, and Work Status: Application in Land Use-Transport Interaction Model

Abstract

The impact of income and monetary budgets on activity participation and travel, in relation to the costs of activities, travel and goods has received limited attention in the land use and transport modeling arena. Micro-economic approaches have accounted for the existence of time and money constraints, but make rather rigid assumptions about the relationship between expenditures and duration of activity participation. This paper proposes a more flexible approach in which money can be allocated to activities such as to increase their utility or decrease their duration. The allocation model is embedded in a land use transport interaction (LUTI) model, that also includes longer-term decisions regarding residential location, work location and work hours. The model is demonstrated in a series of simulations.