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On timetable assumptions in railway investment appraisal
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0003-1789-9238
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0001-9235-0232
2014 (English)In: Transport Policy, ISSN 0967-070X, E-ISSN 1879-310X, Vol. 36, 118-126 p.Article 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, 118-126 p.
Keyword [en]
Cost-benefit analysis, Appraisal, Railway investments, Timetables
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-158293DOI: 10.1016/j.tranpol.2014.08.008ISI: 000345810100012Scopus ID: 2-s2.0-84907525401OAI: oai:DiVA.org:kth-158293DiVA: diva2:777824
Note

QC 20150109

Available from: 2015-01-09 Created: 2015-01-07 Last updated: 2017-12-05Bibliographically approved

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Eliasson, JonasBörjesson, Maria

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  • en-US
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  • nn-NB
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  • Other locale
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