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SUMMARY:Modelling Built-Space Supply Decisions within Integrated Microsimu
 lation Framework of Urban Systems
DTSTART:20100618T110000
DTSTAMP:20260408T034012Z
UID:fa500d4d0dfb5a054646bdc14cc9f81c96cc118c997d3ade39dc9e65
CATEGORIES:Conferences - Seminars
DESCRIPTION:Bilal Farooq\, Urban Transportation research and Advancement C
 entre\, University of Toronto\nSpatial and temporal distribution of built-
 space supply plays an important role in shaping up the urban form and thus
  the general travel pattern in an urban area. Within integrated framework\
 , we are interested in modelling the decisions of a builder in terms of wh
 en\, where\, what type\, and how much of a built-space to build. This talk
  presents a discrete-continuous model formulation for the built-space supp
 ly decisions that are based on expected profit maximization. The framework
  is applied to estimate a model for supply of new office space in the Grea
 ter Toronto Area (GTA) for the duration of 1986 to 2006. The results indic
 ates a risk taker behaviour on the builders’ part\, while market conditi
 ons and supply of resources (labour\, construction cost etc.) are also fou
 nd to be important factors in decision making.\nBiography\nBilal Farooq is
  a PhD Candidate under the supervision of Professor Eric J. Miller at Urba
 n Transportation Research and Advancement Centre (UTRAC)\, University of T
 oronto. He has a Master degree in Computer Science and Bachelor in Enginee
 ring. Before starting his PhD\, he worked as a software engineer in the so
 ftware industry. Bilal’s research expertise involves econometric modelli
 ng and microsimulation of decision making and interactions in the con-text
  of urban systems. He is also interested in demographic evolution\, urban 
 energy consumption\, and GHG emission/dispersion modelling. Currently\, he
  is working as the software architect of Integrated Land Use Transportatio
 n and Environment (ILUTE) modelling framework that is under development at
  UTRAC.
LOCATION:GC B3 424
STATUS:CONFIRMED
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