Freight Market Interactions Simulation (FREMIS): An Agent-based Modeling Framework

Abstract

Freight modeling frameworks are frequently based on passenger modeling approaches. Comprehensive and specific freight modeling frameworks are required to improve the evaluation of freight related policies. In this paper, a new agent-based freight modeling framework is presented which is able to incorporate important elements in modern freight markets: agent interactions, product differentiation and economies of scope/scale. These elements are combined in a market dynamic environment assuming agent rationality and that agents acquire information while interacting with each other. The conceptual presentation of this framework is the focus of this paper and the data required for its implementation is also discussed.