A SIMULTANEOUS EQUATION ECONOMETRIC MODEL OF WINTER MAINTENANCE COST CATEGORIES
A SIMULTANEOUS EQUATION STOCHASTIC MODEL IS PROPOSED TO EXPLAIN OR PREDICT COUNTY EXPENDITURES FOR SNOW AND ICE CONTROL BASED ON SELECTED MEASURES OF A COUNTY'S NEED FOR SUCH SPECIFIC OPERATIONS AS SPREADING CHEMICALS AND ABRASIVES AND PLOWING SNOW. EMPHASIS IS ON METHODOLOGY, WITH SPECIFIC FINDINGS CITED ONLY TO ILLUSTRATE THE PROCEDURE. A PROCEDURE FOR APPLYING THE ESTIMATES PRODUCED BY THE MODEL TO EVALUATE COUNTY PERFORMANCE IS RECOMMENDED. IT IS SUGGESTED THAT COUNTIES CAN BEST BE EVALUATED BY A RESIDUAL ANALYSIS. WHEN THEY ARE GROUPED ACCORDING TO HOW THEIR ACTUAL COSTS COMPARED WITH THOSE ESTIMATED BY THE MODEL IT CAN BE DETERMINED WHETHER COUNTIES IN A PARTICULAR GROUP SHARE ANY SIMILAR PRACTICES, POLICIES, OR DEFICIENCIES. /AUTHOR/
- Record URL:
-
Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/0309019753
-
Supplemental Notes:
- Sponsored by Committee on Maintenance and Operations Costs. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
-
Authors:
- Dunlay Jr, William J
- Publication Date: 1971
Media Info
- Media Type: Digital/other
- Features: Figures; References; Tables;
- Pagination: pp 37-48
- Monograph Title: Maintenance operations and applied systems engineering
-
Serial:
- Highway Research Record
- Issue Number: 359
- Publisher: Highway Research Board
Subject/Index Terms
- TRT Terms: Econometric models; Maintenance management; Mathematical models; Simultaneous equations; Snow and ice control
- Uncontrolled Terms: Maintenance costs; Models
- Subject Areas: Highways; Maintenance and Preservation;
Filing Info
- Accession Number: 00218868
- Record Type: Publication
- ISBN: 0309019753
- Files: TRIS, TRB
- Created Date: Mar 7 1972 12:00AM