Operational policies based on fare-box revenue management of the Indian railways
Indian railways (IR) is one of the oldest and single largest public transportation organisations in the world. Many of the routes and services are not profitable, but IR, being a state operator is obliged to operate them for political and social obligations. The authors developed a framework to compute the operational cost per trip of an IR passenger service using actual data. The total operational cost was evaluated against generated revenue, and it was found that break even could not always be attained. The proposed framework mandates significant changes in IR thought process and operational policy decisions, but it is pragmatic, viable and does not compromise customer benefits, the authors believe. They present the framework; illustrate the same using real data from few premium services and their detailed analysis.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/17427967
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Supplemental Notes:
- Copyright © 2022 Inderscience Enterprises Ltd.
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Authors:
- Narayanaswami, Sundaravalli
- Saini, Lakshya Singh
- Publication Date: 2022
Language
- English
Media Info
- Media Type: Web
- Features: References;
- Pagination: pp 117-139
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Serial:
- International Journal of Logistics Systems and Management
- Volume: 42
- Issue Number: 1
- Publisher: Inderscience Enterprises Limited
- ISSN: 1742-7967
- EISSN: 1742-7945
- Serial URL: http://www.inderscience.com/jhome.php?jcode=ijlsm
Subject/Index Terms
- TRT Terms: Fares; Operating costs; Operations; Policy; Profitability; Railroads; Yield management
- Geographic Terms: India
- Subject Areas: Finance; Operations and Traffic Management; Passenger Transportation; Policy; Railroads;
Filing Info
- Accession Number: 01853595
- Record Type: Publication
- Files: TRIS
- Created Date: Jul 29 2022 6:36PM