A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Closed form models to assess railroad technology investments
Class I railroads in North America collectively invested USUS$11.2 billion to comply with a U.S. federal mandate to deploy positive train control as a form of train protection system. This amount dwarfs the potential savings from accidents the technology could prevent. Therefore, railroads must seek additional benefits. This research contributes simple closed-form models to inform strategies that can leverage the technology deployment by estimating the annual additional net benefits, internal rate of return, and benefit-cost ratio needed for a desired payback period.
Closed form models to assess railroad technology investments
Class I railroads in North America collectively invested USUS$11.2 billion to comply with a U.S. federal mandate to deploy positive train control as a form of train protection system. This amount dwarfs the potential savings from accidents the technology could prevent. Therefore, railroads must seek additional benefits. This research contributes simple closed-form models to inform strategies that can leverage the technology deployment by estimating the annual additional net benefits, internal rate of return, and benefit-cost ratio needed for a desired payback period.
Closed form models to assess railroad technology investments
Bridgelall, Raj (author) / Tolliver, Denver D. (author)
Transportation Planning and Technology ; 43 ; 639-650
2020-10-02
12 pages
Article (Journal)
Electronic Resource
Unknown
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