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.

  • Corporate Authors:

    Transportation Research Forum

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  • Authors:
    • Pautsch, G R
    • Babcock, B A
    • Baumel, C P
  • Conference:
  • Publication Date: 1995

Language

  • English

Media Info

  • Pagination: p. 655-671

Subject/Index Terms

Filing Info

  • Accession Number: 00726857
  • Record Type: Publication
  • Report/Paper Numbers: Volume 2
  • Files: TRIS
  • Created Date: Oct 18 1996 12:00AM