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On timetable assump...
On timetable assumptions in railway investment appraisal
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- Eliasson, Jonas (författare)
- KTH,Centrum för transportstudier, CTS,KTH, Centrum för transportstudier, CTS,Centre for Transport Studies, KTH Royal Institute of Technology, Stockholm, Sweden
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- Börjesson, Maria (författare)
- KTH,Centrum för transportstudier, CTS,KTH, Centrum för transportstudier, CTS,Centre for Transport Studies, KTH Royal Institute of Technology, Stockholm, Sweden
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(creator_code:org_t)
- Elsevier BV, 2014
- 2014
- Engelska.
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Ingår i: Transport Policy. - : Elsevier BV. - 0967-070X .- 1879-310X. ; 36, s. 118-126
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Abstract
Ämnesord
Stäng
- The benefits captured in an appraisal of a railway investment are determined by what timetables the analyst assumes in the scenarios with and without the investment. Without an explicit, objective and verifiable principle for which timetables to assume, the appraisal outcome is virtually arbitrary. This means that appraisals of railway investments cannot be compared to each other, and opens the door for strategic behaviour by stakeholders conducting seemingly objective cost-benefit analysis. We explain and illustrate the nature and extent of the problem, discuss possible timetable construction principles, and show that current practice is likely to exaggerate appraisal benefits.
Ämnesord
- TEKNIK OCH TEKNOLOGIER -- Samhällsbyggnadsteknik -- Transportteknik och logistik (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Civil Engineering -- Transport Systems and Logistics (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Cost benefit analysis
- Railway network
- Evaluation (assessment)
- Investment
- Timetable
- J13 Railway: Economics
- J13 Railway: Economics
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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