The Transport Economists’ Group, formed in 1973, provides a forum for people involved in transport economics to meet regularly and discuss matters of mutual interest. Membership is open to economists working in transport and others whose work is connected with transport economics. The aim of the Group is to improve the quality of transport management, planning and decision making by promoting lectures, discussions and publications related to the economics of transport and of the environment within which the industry functions.
Next meeting, Wednesday 28 February 2018 at 17:30 for 18:00
Helen Bowkett of Arcadis will speak on “Agent-based modelling”.
Helen Bowkett is a senior technical director at Arcadis working as the workstream lead for traffic and economics for Lower Thames Crossing leading a joint Arcadis and CH2M team. She is also a visiting professor in the Centre for Transport & Society at University of the West of England.
Agent-based modelling (ABM) is a technique more commonly used in the fields of health and environmental modelling. Individual agents are given a set of characteristics and behaviours, and then the outcomes of a computer simulation of the activity of those agents is recorded. ABM is particularly suitable for relaxing some of the current standard assumptions in our transport models, inherited from their background in neo-classical economics, while retaining many of our current modelling tools, such as logit models. The lecture will provide an introduction to agent-based modelling and illustrate the methodology with an application to the bus industry. The model replicates the cycle of decline seen in the bus industry in Wales.
Attendance is open to anyone, but to enable Arup security to prepare a pass for you please click I wish to attend the next TEG meeting.
(Alternatively, send an email with Subject “I wish to attend the next TEG meeting” to Attendance@transecongroup.org)
All meetings will be held at 17:30 for 18:00 at Arup Head Office, 13 Fitzroy Street, London W1T 4BQ, as shown below
Membership of the Group is open to all applicants, irrespective of background and qualification, and does not confer any professional status or lead to a professional qualification. Membership should not be construed as an endorsement, and no statement by or action of the Group should be construed as an endorsement of any person, proposal or plan.