United States Department of Transportation
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NTL Classification:NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE
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Abstract:The report examines some of the dynamic properties of the automobile fleet. The focus is not on new-car demand, but rather on the overall behavior of the system. Relationships derived from previous studies have been incorporated and integrated in a single model. This lends empirical credence to the model as well as allowing a test of internal consistency for a group of parametric relationships estimated independently. An additional objective of the work is to test the utility of the Systems Dynamics modeling approach and the DYNAMO software package for a dynamic automotive fleet model.
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