First Page or Article ID Number
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.
The Transportation Research Forum
Pautsch, Gregory R.; Babcock, Bruce A.; and Baumel, C. Phillip, "Estimating the Value of Guaranteed Rail Service" (1996). Economics Publications. 564.