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- W2115078006 abstract "Abstract The benefits captured in an appraisal of a railway investment are determined by what timetables the analyst assumes in the scenarios with and without the investment. Without an explicit, objective and verifiable principle for which timetables to assume, the appraisal outcome is virtually arbitrary. This means that appraisals of railway investments cannot be compared to each other, and opens the door for strategic behaviour by stakeholders conducting seemingly objective cost-benefit analysis. We explain and illustrate the nature and extent of the problem, discuss possible timetable construction principles, and show that current practice is likely to exaggerate appraisal benefits." @default.
- W2115078006 created "2016-06-24" @default.
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- W2115078006 date "2011-01-01" @default.
- W2115078006 modified "2023-10-03" @default.
- W2115078006 title "On timetable assumptions in railway investment appraisal" @default.
- W2115078006 hasPublicationYear "2011" @default.
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