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Travel demand modeling is a critical aspect of transportation planning that addresses how individuals make decisions regarding transport use. It encompasses fundamental concepts such as demand and supply, equilibrium, and a classical four-stage demand model that helps predict travel patterns. The chapter emphasizes how various disciplines inform transport modeling and the need for a structured approach to understand travel decisions.
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Term: Transport Modeling
Definition: A study of the behavior of individuals regarding transport decisions, utilizing simplified models to understand key relationships.
Term: Demand and Supply
Definition: Fundamental economic concepts applied to transport with demand being derived from the need to travel for various activities.
Term: Equilibrium
Definition: The point where travel demand and supply curves intersect, indicating the balance between the quantity of travel demanded and the quantity supplied.
Term: FourStage Model
Definition: A modeling framework to analyze travel behavior consisting of trip generation, trip distribution, modal split, and trip assignment.