A practical approach to identifying the market potential for high speed rail: A case study in the Sydney-Canberra corridor

This paper presents the methodology and selective empirical results from a study of the demand for a high speed rail system serving the Sydney-Canberra corridor currently dominated by air travel for business trips and car travel for non-business trips. We outline the steps involved in the study from problem specification, data needs, development of base year trip tables, model specification and estimation to establish switching behaviour in the presence of a new mode and calculation of induced demand for current travellers. A stated choice heteroskedastic extreme value switching model is used to evaluate the choice of fare type for business and non-business travel given the current mode used in the corridor for each sampled traveller conventional train, charter coach, scheduled coach, plane or car. Starting with the current travel profile, patronage can be predicted under alternative fare regimes, taking into account diverted traffic, induced traffic and growth. Treating fare class as endogenous enhances the real choice context facing potential patrons.     

Active Roll Control for Passenger Cars

The development of a mathematical model of a limited bandwidth hydro-pneumatic suspension that is incorporated into a vehicle handling model is described. The combined model is used to evaluate a suitable control strategy for eliminating body roll during a cornering manoeuvre. The philosophy behind the roll control strategy has been to use feedback measurements of the body motions which do not compromise the ride control. A study of the influence of the position of the body motion feedback transducer on the effectiveness of the system to reduce the body roll is presented. Non-linear modelling of the suspension components for a 0.8g cornering manoeuvre has revealed performance limitations. Conclusions are drawn as to the effectiveness of the control scheme.     

Benthic community patterns reflect water column processes in the Northeast Water polynya (Greenland)

Benthic community patterns were investigated in the Northeast Water polynya (Greenland) during the summers of 1992 and 1993 to elucidate to what extent the bottom fauna is influenced by the dynamics of the overlying water. Five different fractions of the benthos (foraminiferans, nematodes, polychaetes, peracarid crustaceans, and epibenthic megafauna), ranging in average adult body size over 6 orders of magnitude (from about 100 μm to about 10 cm), were sampled quantitatively at 69 stations in water depths from 40 to 515 m. Total abundances of nematodes, polychaetes and peracarid crustaceans were found to be primarily correlated with parameters characterizing the potential benthic food supply (water column pigment and nitrate concentrations, sediment bound pigments and sediment biological activity), whereas abundances of foraminiferans and megabenthos were largely associated with seabed properties. Four benthic zones were distinguished by separately analyzing the faunistic composition and distribution of the five community fractions for Ob Bank, Western Westwind Trough, Eastern Westwind Trough, and Belgica Trough. This pattern was shown principally to reflect pelagic regimes differing in surface water hydrography, ice cover and euphotic productivity. This is the first time that a synoptic study of several benthic community portions spanning such a range in sizes and life styles has been performed in a polar shelf ecosystem. Our results indicate that abundances as well as composition of Arctic benthos are largely influenced by mesoscale pelagic processes, and thus provide further evidence for the importance of the benthic-pelagic coupling in high latitude seas.     

The potential for real-time passenger information as part of an integrated bus-control/information system

This paper is concerned with the effect of linking innovative bus-control systems with real-time passenger information, with the overall aim of improving conditions for bus operation and passengers in central urban corridors. The first section presents a concise review of bus passenger information systems (particularly their application at bus stops). Then the concept of real-time passenger information is explored. The case for and against real-time information is argued and two British case-studies follow. In the second section it is argued that the provision of real-time information, as part of an integrated bus-control/information system, offers new possibilities for meeting the identified needs of public transport users. Finally, in the third section, some comments are made on the evaluation of different combinations of bus-control and passenger information tested using a simulation method and a series of subjective response surveys. General relationships governing the degree of bus-control required and the extent of information needed are of special interest.     

Risk and return of U.S. water transportation stocks over time and over bull and bear market conditions

The aim of this paper is to investigate the behaviour of water transportation company stock returns in the U.S. stock exchanges from 1985 to 1994 in order to determine whether the systematic risk of this industry is different from that of the 'average' company in the market, whether it has changed over the ten year period, over bull and bear market conditions, and whether there is a firm 'size' effect in the industry. In the context of the Capital Asset Pricing Model (Capm), we find that the systematic risk of the shipping industry return is not different from that of the 'average' company. It is also found that the covariance of water transportation companies with respect to the overall stock market return did not change over the ten year period although it appears that it has changed over normal upward/downward market movements. There is also reasonable evidence that the intercept of the equation might have changed over normal upward/downward market movements. Finally, we document contradictory evidence regarding the size effect; during the period 1985-1989 we find small companies to have significantly higher returns and risk while during the period 1990-1994 medium size companies tend to have higher risk than small and large firms, which is not however compensated by higher returns.     

Biologically induced modification of seawater viscosity in the Eastern English Channel during a Phaeocystis globosa spring bloom

To identify the potential relationship between Pheaocystis globosa bloom conditions and seawater properties, a hydrobiological survey was performed in the inshore waters of the Eastern English Channel over the course of the phytoplankton spring bloom. Chlorophyll concentration, auto- and hetero/mixotrophic composition of protists and standing stock, and seawater viscosity were measured weekly from March to June 2004. The decline of the bloom is characterized by a massive foam formation in the turbulent surf zone. Before foam formation, seawater viscosity significantly increased, showing a significant positive correlation with chlorophyll concentration. In contrast, after foam formation this correlation was negative, seawater viscosity kept increasing despite a sharp decrease in chlorophyll concentrations. No significant correlation has been found between seawater viscosity and the composition of the phytoplankton assemblages observed during the survey. However, significant positive correlations have been found between seawater viscosity and both the size and the abundance of P. globosa colonies. From the correlation patterns observed between chlorophyll concentration and seawater viscosity, we suggest that the rheological properties of seawater are mainly driven by extracellular materials associated with colony formation and maintenance rather than by cell composition and standing stock.     

Evasive manoeuvres with a steering robot

In the pursuit of an objective rating on vehicle stability performance, it is always desirable to reduce disturbances and inconsistencies during experimental evaluations, especially the ones introduced by human drivers. This paper presents the development of a steering robot designed for closed-loop steering tasks during evasive manoeuvres. It describes the controller structure and discusses experimental results, in addition to simulation/vehicle model verifications and theoretical control analysis.     

The market for second-hand ships: Further results on efficiency using cointegration analysis

This paper examines the dynamic behaviour of second-hand prices of tankers and dry-cargo vessels over various time periods, with a view to determining whether or not the markets for such assets are efficient. It extends and re-analyses the results of an earlier study by Hale and Vanags, published in this journal in 1992. Using a more modern method of testing for cointegration, it is shown that both the tanker and dry cargo markets appear to be cointegrated, a fact which would suggest that these markets are inefficient. It is suggested that the existence of cointegration does not necessarily imply market inefficiency, if the factors that create the common trends are themselves stochastic in nature. With this in mind, it is argued that the evidence put forward in this paper is still consistent with market efficiency in the long run.     

Mathematical Modelling of Vibrations and Loading of Railway Tanks Taking into Account the Liquid Cargo Mobility

Dynamics and loading of railway tank cars transporting liquid cargo are investigated. The approach based on the mechanical-pendulum analogy for the liquid cargo mobility simulation is proposed. Hydrodynamic parameters of the mechanical analogy are determined using the solution of the boundary-value problem for the liquid cargo vibrations in a cavity with the tank boiler shape. The fitting of the developed mathematical models is proved by comparison of calculated results and test data. Vibration characteristics and loading of tank-cars under their shunt collisions and motion along straight and curved track in trains are evaluated. It is shown that as a rule the liquid cargo mobility has an essential influence on tank dynamic properties.