Activity start time and duration: incorporating regret theory into joint discrete–continuous models

Abstract

ABSTRACTActivity start time and duration decisions are two key elements of activity-travel behaviour. As an effort towards a more realistic representation of individuals’ decision behaviour, this paper presents a new copula-based joint model of activity start time and duration. We incorporate the regret theory into the joint modelling framework, which assumes that individuals tend to avoid the situation where non-chosen alternatives outperform the chosen one in one or more attributes. The proposed joint model comprises a hybrid utility-regret model as the discrete component to estimate activity start time and a hazard duration model as the continuous component to estimate activity duration. The comparative analysis of estimation results reveals that the proposed structure is statistically superior to the utility-based joint model and independent models. We also found that applying the regret-based decision rule for variables of travel time and travel time variability significantly improves the model.