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National Taiwan Ocean University

Discrete choice model

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The Study Of Price Accept Threshold For The ??Lue Highway??Tour Of The North-East Region In Taiwan, Hung-Yen Chou, Jin-Long Lu, Chiang Fu Dec 2008

The Study Of Price Accept Threshold For The ??Lue Highway??Tour Of The North-East Region In Taiwan, Hung-Yen Chou, Jin-Long Lu, Chiang Fu

Journal of Marine Science and Technology

The “Blue Highway” in the NE region of Taiwan includes the tour itineraries of Keelung-Suao, Suao-Hualien and Keelung-Hualien, each with its individual oceanic scenic features and its potential corresponding onshore scenic spots. This study explores the relationship between the “Blue Highway” tour portfolios and price attributes to collect the preference recognition of the public concerning the NE region “Blue Highway” tour itineraries and prices with the stated preference method. The utility function of the discrete choice model assumes the impact effect among attributes to be in a linear relationship plus percentages. The price threshold model improves the assumption of this …