Efficiency in Asian railways: a comparison between data envelopment analysis approaches

Performance analysis has become a vital part of the management practices in the logistics infrastructure. Although there are numerous applications using Data Envelopment Analysis (DEA) models to estimate efficiency in ports and airports, research on railway efficiency remains scarce. Most of the efficiency studies of railways assume that inputs and outputs are known with absolute precision. Here, we compare Stochastic-DEA and Fuzzy-DEA models to assess, respectively, how the underlying randomness and fuzziness impact efficiency levels in railway operations in six different Asian countries: Japan, Thailand, Vietnam, Malaysia, Myanmar, and Indonesia. Findings reveal that conclusions with respect to the ranking of these railways may vary substantially depending upon the type of model chosen, although efficiency scores are similar to some extent when compared within the ambits of Stochastic-DEA and Fuzzy-DEA models. Additionally, modeling choices on fuzziness, rather than randomness, appear to be the most critical source for variations in efficiency rankings.     

New appraisal values of travel time saving and reliability in Great Britain

Transportation - This paper provides an overview of the study ‘Provision of market research for value of time savings and reliability’ undertaken by the Arup/ITS Leeds/Accent consortium...     

Problems faced by the shipping industry in raising capital in the securities markets

This papers examines the reasons for the shipping industry's general failure to exploit the enormous capital raising potential offered by the world's major security markets. The basic reason put forward is one of joint ignorance and lack a of communication. On the one hand shipping perceives the market as being unsympathetic to its requierments. On the other hand, the Stock market assess it as a minor activity and this is combined with a presumption of industrial instability. An analysis of recent initial public offering of equaity options in shipping highlights the inadequacy of companies who have ventured that way. In particular it is pointed out that shipping companies who embark on such a course must not forget that equaity is, at one end the same time, the cheapest and the most expensive money which they can raise. There is a further underlying problem for the industry, which is that market capital raising neccessiates the loss of personal control.     

Model coastal zone statute

Abstract

This model statute sets out a mechanism for the management of the coastal zone by the coastal states. It provides a possible state response to the Coastal Zone Management Act of 1972. The authors recognize that most states presently have some form of management or legal control over their coastal zone, and the model statute has been written with the intention that all or parts of it could be adapted to the wide variety of state regulatory schemes with the aim of providing unitary management to the valuable resource of the coastal zone.     

The once and future experience of the California coastal conservancy

Abstract

This paper examines the activities of the California State Coastal Conservancy. It will examine the agency's procedures and identify those factors critical to its success. Finally, suggestions for improvements in its operations are given.