Engineering Commons^™

Specification Of Mixed Logit Models Using An Optimization Approach, Cristian David Arteaga Sanchez

UNLV Theses, Dissertations, Professional Papers, and Capstones

Mixed logit models are a widely-used tool for studying discrete outcome problems. Modeling development entails answering three important questions that highly affect the quality of the specification: (i) what variables are considered in the analysis? (ii) what are going to be the coefficients for these variables? and (iii) what density function these coefficients will follow? The literature provides guidance; however, a strong statistical background and an ad hoc search process are required to obtain the best model specification. Knowledge of the problem context and data is required. Given a dataset including discrete outcomes and associated characteristics the problem to be …