Appraising rail transport systems using discounted economic value added: the Australian case

The evaluation tools such as risk-adjusted discounted cash flows (DCF) to evaluate the performance of the railway industry in Australia have been subjected to criticism. Much of the criticism stems from the recognition that perhaps the accounting data on which traditional performance measures are based do not reflect the relevant information required to value the entities. One proposal for reform includes replacing the venerable DCF method with a broader, value-added measure, called economic value added, or MVA. The latter is already widely used to measure the intrinsic worth of a publicly listed corporation. It is the purpose of this paper to look at the feasibility of applying this model to appraise the performance of Australian railways.

• Record URL:
  • http://atrf.info/papers/1993/1993_Barber_Manger.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0646154206
• Authors:
  • Barber, E
  • Manger, G
• Conference:
  • Australasian Transport Research Forum (ATRF), 18th, 1993, Gold Coast, Queensland, Australia
• Publication Date: 1993

Language

• English

Media Info

• Pagination: 693-712
• Serial:
  • Volume: 18
  • Issue Number: Part 2

Subject/Index Terms

• TRT Terms: Economic analysis; Economics; Level of service; Methodology; Performance measurement; Railroad transportation
• ATRI Terms: Economic analysis; Methodology; Performance indicators; Rail transport; Transport economics; Transport performance
• Subject Areas: Economics; Railroads;

Filing Info

• Accession Number: 01434005
• Record Type: Publication
• Source Agency: ARRB
• ISBN: 0646154206
• Files: ATRI
• Created Date: Aug 24 2012 5:59PM