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On timetable assumptions in railway investment appraisal
KTH, Centrum för transportstudier, CTS.ORCID iD: 0000-0003-1789-9238
KTH, Centrum för transportstudier, CTS.ORCID iD: 0000-0001-9235-0232
2014 (English)In: Transport Policy, ISSN 0967-070X, E-ISSN 1879-310X, Vol. 36, p. 118-126Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
2014. Vol. 36, p. 118-126
Keywords [en]
Cost benefit analysis, Railway network, Evaluation (assessment), Investment, Timetable
National Category
Transport Systems and Logistics Economics
Research subject
J00 Railway: General works, surveys, comprehensive works, J13 Railway: Economics
Identifiers
URN: urn:nbn:se:vti:diva-12387DOI: 10.1016/j.tranpol.2014.08.008ISI: 000345810100012Scopus ID: 2-s2.0-84907525401OAI: oai:DiVA.org:vti-12387DiVA, id: diva2:1139100
Note

QC 20150109

Available from: 2017-09-06 Created: 2017-09-06 Last updated: 2017-12-07Bibliographically approved

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Eliasson, JonasBörjesson, Maria
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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf