Valuation of improved railway rolling stock: A review of the literature and new evidence

The paper provides a comprehensive review of a large amount of previously unpublished British evidence about the valuation of new railway rolling stock and its effects on demand. An important conclusion is that incentives to bias Stated Preference responses and unfamiliarity with the rolling stock being considered have led to inflated values. This has broader implications for the use of Stated Preference techniques. Also provided is fresh empirical evidence for a range of different types of rolling stock and specific rolling stock attributes. A novel aspect of the research was the use of disaggregate Revealed Preference choice data. The estimated rolling stock values are much lower than those obtained from previous studies.     

Transport reviews prize

This paper reviews the provision of public transport in the Cape Town Metropolitan Area and the proposals for its future development. A vitally distinguishing characteristic of public transport in Cape Town and other South African cities is the fractured market with great discrepancies between different segments. These range from those with high incomes and preferences similar to those found in typically First World countries to a great majority living at or below minimum poverty levels with virtually no choices and a very different set of needs and preferences. Although scope for improving service levels and satisfying user needs is unlimited, in South Africa resources for transport are facing severe competition from other macrolevel social and economic imperatives, such as combating crime and addressing discrepancies in health and education needs. This situation represents a huge challenge to those responsible for planning and developing public transport strategies. Evidence is presented that current public transport services are unsustainable in terms of increasing subsidy requirements while also not effectively meeting user needs. Proposals to restructure the public transport system and to use Stated Preference techniques to identify user needs are put forward. Given the fractured market for public transport in metropolitan Cape Town, Stated Preference techniques will require innovative adaptations and different approaches to those most commonly applied elsewhere in the world and this paper provides some broad guidelines.     

Devising business strategy for railways

This paper presents a case study which tackles a general problem for railway management, namely the formulation of a strategy to improve business financial performance. This is prefaced, in Section 2, by discussion of general principles - concerning the type of information system required, investigations to be conducted and associated measurement needs. The case study, of Section 3, concerns our investigations of VicRail's total business and its constituents. The task of financial improvement is revealed from an assessment of sectors' current cost-recovery positions and the identification of system joint costs. For freight sectors, future traffic prospects, pricing possibilities and the scope for more efficient operations are then considered, and the implications traced for overall deficit reduction and the development of business strategy. The concluding section draws some general lessons for railway managements.A fuller discussion by the authors of the theoretical framework employed, and particularly of the case study application, is contained in a complimentary publication: Improving Railway Financial Performance, published by Gower in January 1985.Transmark is a subsidiary of the British Railways Board, acting as its international consultancy. The authors, who were respectively study director and manager, wish to thank Bernard Warner (an independent consultant), Richard Eccles (of Transmark) and Adrian Balkyn-Rackowe (of British Rail) for their valuable contributions. The study report, titled Rail Cost — Pricing Options, was released by the Minister in April 1981.     

Is it the labor unions’ fault? Dissecting the causes of the impaired technical efficiencies of the legacy carriers in the United States

Data envelopment analysis is used to evaluate the technical efficiencies of a number of major passenger airlines in the United States at transforming their inputs (labor, fuel and fleet-wide seating capacity) into available seat-miles. A tobit regression model is then used to identify the underlying drivers of airline efficiency, as measured by the data envelopment analysis efficiency score. The impact of unionization on airline efficiency is found to be statistically insignificant, controlling for the influences of other hypothesized determinants of airline efficiency: the average age of an airline’s fleet, the average size of its aircraft, its average stage length, the extent to which the airline relies of hubbing within its route structure, the percent of its passenger enplanements that are international, and whether the airline is a legacy carrier. The statistically significant drivers of airline efficiency, at a ten percent level of significance, are average aircraft size, average stage length and the extent to which the airline relies on hubbing and connecting flights within its route structure. The stage length variable is not significant at a five percent level of significance, however. An increase in average aircraft size or in average stage length enhances an airline’s efficiency whereas an increase in hubbing reduces it.     

软件将是导航硬件商生存之本

2008年导航市场将进入洗牌阶段。随着许多国际大品牌GARMIN、TOMTOM等都纷纷进入中国市场瓜分导航市场的这块蛋糕，中国的中、小品牌生存空间将受到挤压，甚至，许多小品牌在今年或明年将有可能会消失。那么，怎么才能继续生存并有比较好的前景呢？     

严峻问题

今年关于太平洋航线有两个不确定因素,即美国进口量增长将会大大放缓,同时美国出口量会继续增加.因此,几乎所有其他的问题都是不确定的:进口量是否会增长还是会减少?     

Suburban attitudes toward policies aimed at reducing solo driving

Policies that are aimed at discouraging commuters from solo driving have become a part of overall efforts to improve air quality and reduce traffic congestion. Since driving alone is the overwhelming choice of employed residents in US metropolitan areas, the political acceptability of proposed policy changes plays a role in their success. The 1992 Orange County (CA) Annual Survey asked employed solo drivers to rate their likelihood of changing from solo driving in response to various fees and incentives. Fewer say they would be very likely to stop solo driving if they were charged a parking fee at work (20%), a smog fee (17%) or a congestion fee (16%), than if their employers paid them a cash bonus for stopping solo driving (28%), or if more public transit (33%) or more carpools at work (35%) were available. Young and lower-status solo drivers are more likely than others to say they would stop driving alone if there were fees or cash bonuses. Current non-solo drivers tend to be young and low income, providing a validity check on the demographic predictors of stated preferences. The findings are discussed in light of recent policy changes in Southern California.