THE EVALUATION OF ROLLING STOCK REPLACEMENTS

This paper outlines an evaluation procedure appropriate to rolling stock operators who undertake replacements according to economic criteria. The approach can be used to determine whether or not any proposed replacement will result in a potential improvement in economic welfare. Moreover, the analysis can be extended to indicate the optimal age of rolling stock replacement. The approach is illustrated with a simple empirical example.

• Corporate Authors:

  Bureau of Transport Economics (Australia)

  Australian Government Publishing Service
  Canberra,   Australia 
• Authors:
  • CARR, G R
  • MACKAY, K R
• Publication Date: 1976-11

Media Info

• Features: Figures; References; Tables;
• Pagination: p. 1-15
• Serial:
  • Transport Economics and Operational Analysis
  • Issue Number: 2

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Decision making; Depreciation; Economic analysis; Fleet management; Life cycle costing; Mathematical models; Planning
• Old TRIS Terms: Fleet planning
• Subject Areas: Economics; Finance; Planning and Forecasting; Railroads;

Filing Info

• Accession Number: 00164429
• Record Type: Publication
• Source Agency: Transport Economics and Operational Analysis
• Files: TRIS
• Created Date: Nov 9 1977 12:00AM