Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

1996

Volume

36

First Page or Article ID Number

59

Last Page

73

Abstract

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. 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.

Comments

This is an article from Journal of Transportation Research Forum, 1996, 36; 59-73. Posted with permission.

Copyright Owner

The Transportation Research Forum

Language

en

File Format

application/pdf