Models are necessary in transport planning due to the impossibility of conducting experiments on existing or non-existing infrastructure and transport modes
A theoretical framework was developed, compatible with economic theory, providing a justification and clarification of methods that were originally proposed on practical grounds
Transport systems are mainly dependent on the commercial environment for attributes such as transport costs, capacity, efficiency, reliability, and speed
Demand for travel is actually a derived demand, as it is generated by the desire to join in activities, and generally not by the desire just to travel. The transport system provides a physical connection between activities
Prices would rise due to "bidding up" of the customers, stimulating an increase in supply and a decrease in demand, driving the market to the equilibrium point
Focus on changes to new land use facilities and use a rudimentary description of the transport system serving that facility in predicting its impacts on the surrounding region
Simulate flows in small-scale networks where the level of flow on each link can vary in response to changes in the traffic control system and traffic congestion levels, focusing on short time periods (e.g., a peak hour)
System performance, including travel times, headways, and capacities provided by the transport system given a certain capital investment, operating strategy, and demand level