ASSESSING THE EFFICIENT COST OF SUSTAINING BRITAIN'S RAIL NETWORK: PERSPECTIVES BASED ON ZONAL COMPARISONS

IF 0.9 4区 工程技术 Q3 ECONOMICS
J. Kennedy, Andrew S. J. Smith
{"title":"ASSESSING THE EFFICIENT COST OF SUSTAINING BRITAIN'S RAIL NETWORK: PERSPECTIVES BASED ON ZONAL COMPARISONS","authors":"J. Kennedy, Andrew S. J. Smith","doi":"10.17863/CAM.5033","DOIUrl":null,"url":null,"abstract":"The objective of this paper is to inform the debate on how efficiency targets for Network Rail (formerly Railtrack) should be set during the 2002/03 Interim Review and beyond. Given the problems experienced during the 2000 Periodic Review, which focused on external benchmarks, we propose an internal benchmarking approach, drawing on data for seven geographical Zones within Railtrack (over the period 1995/96 to 2001/02). Our approach mirrors the yardstick competition method used in other UK regulated industries. Three efficiency measurement techniques are applied to this data (DEA; COLS; SFA). Our results suggest that Railtrack (as a whole) delivered substantial improvements in productivity in the early years after privatisation, although these savings were largely offset by the post-Hatfield cost increases. However, looking forward, Zonal efficiency differences suggest that the company could make significant savings in future years by applying (its own) best practice consistently across the network.","PeriodicalId":47475,"journal":{"name":"Journal of Transport Economics and Policy","volume":"38 1","pages":"157-190"},"PeriodicalIF":0.9000,"publicationDate":"2004-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"41","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Transport Economics and Policy","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.17863/CAM.5033","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 41

Abstract

The objective of this paper is to inform the debate on how efficiency targets for Network Rail (formerly Railtrack) should be set during the 2002/03 Interim Review and beyond. Given the problems experienced during the 2000 Periodic Review, which focused on external benchmarks, we propose an internal benchmarking approach, drawing on data for seven geographical Zones within Railtrack (over the period 1995/96 to 2001/02). Our approach mirrors the yardstick competition method used in other UK regulated industries. Three efficiency measurement techniques are applied to this data (DEA; COLS; SFA). Our results suggest that Railtrack (as a whole) delivered substantial improvements in productivity in the early years after privatisation, although these savings were largely offset by the post-Hatfield cost increases. However, looking forward, Zonal efficiency differences suggest that the company could make significant savings in future years by applying (its own) best practice consistently across the network.
评估维持英国铁路网的有效成本:基于区域比较的观点
本文的目的是为在2002/03年度中期检讨期间及以后如何设定铁路网络(原铁路)的效率目标的辩论提供信息。鉴于2000年定期审查期间所遇到的问题,该审查侧重于外部基准,我们建议采用内部基准方法,利用Railtrack内七个地理区域(1995/96至2001/02期间)的数据。我们的方法反映了英国其他受监管行业使用的标准竞争方法。三种效率测量技术应用于该数据(DEA;关口;国家林业局)。我们的研究结果表明,在私有化后的最初几年,Railtrack(作为一个整体)在生产率方面取得了实质性的提高,尽管这些节省在很大程度上被后哈特菲尔德成本的增加所抵消。然而,展望未来,层间效率的差异表明,通过在整个网络中始终如一地应用(自己的)最佳实践,该公司可以在未来几年大幅节省成本。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
1.50
自引率
11.10%
发文量
0
期刊介绍: The Journal of Transport, Economics and Policy (JTEP) was first published over 40 years ago and quickly established itself as an essential source of information and debate on the economics of transport and its interface with transport policy. Today it continues to provide a much-needed focus for this specific area of transport research ­ a single, accessible resource of international articles which also reflect the diverse nature of the current field. JTEP meets the challenge of innovation and change, regularly publishing the latest policy developments and their impact across the world.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信