ESTIMATING THE VALUE OF GUARANTEED RAIL SERVICE
The purpose of this research is to develop a framework to estimate the value of guaranteed rail service to grain shippers. The analysis consists of estimating density functions for the days waiting for conventional tariff service and guaranteed service. A shipper loss function for waiting for rail service was also estimated. Three qualitative results were established. First, the value of guaranteed rail service increases as the quality of guaranteed service rises. Second, the value of guaranteed rail service increases as conventional tariff service becomes less reliable. Finally, when grain is stored on the ground, the value of guaranteed rail service increases.
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Corporate Authors:
Transportation Research Forum
11250-8 Roger Bacon Drive, Suite 8
Reston, VA United States 20190 -
Authors:
- Pautsch, G R
- Babcock, B A
- Baumel, C P
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Conference:
- Transportation Research Forum, 37th Annual Conference, 2 Volumes
- Location: Chicago, Illinois
- Date: 1995-10-19 to 1995-10-21
- Publication Date: 1995
Language
- English
Media Info
- Pagination: p. 655-671
Subject/Index Terms
- TRT Terms: Freight traffic; Grain; Railroads; Tariffs; Traffic managers; Waiting time
- Uncontrolled Terms: Grain trade; Shippers
- Subject Areas: Economics; Freight Transportation; Highways; Railroads; Society; I10: Economics and Administration;
Filing Info
- Accession Number: 00726857
- Record Type: Publication
- Report/Paper Numbers: Volume 2
- Files: TRIS
- Created Date: Oct 18 1996 12:00AM