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The report documents work to update the frequency, mode-destination and car ownership models used version 3 of the Sydney Strategic Model (STM3) to reflect a 2011 base year instead of the 2006 base year used in the previous versions of the model. The update was not a full-scale re-estimation examining alternative model specifications, rather the intention was to minimise the changes relative to the 2006-base version of STM3. The report describes the changes that have been made to the models during this update. In addition to presenting analysis comparing the 2006-base and 2011-base model parameters, the report presents validation of the new mode-destination models in terms of implied values of time and model elasticities.

Table of Contents

  • Chapter One

    Introduction

  • Chapter Two

    Summary of changes

  • Chapter Three

    Model parameters

  • Chapter Four

    Validation of the MD models

  • Chapter Five

    Implementation of the car ownership models

  • Chapter Six

    Summary

  • Appendix A

    Updates to cost data

  • Appendix B

    Updates to taxi cost data

Research conducted by

The research described in this report was conducted by RAND Europe.

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