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
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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。
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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.
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