|
Title: VALUE OF HIGH-QUALITY SERVICE: HOW SHOULD THE ARES-EQUIPPED RAILROAD OPERATE?
Accession Number: 00621422
Record Type: Component
Availability: Find a library where document is available Abstract: The North American railroad industry is beginning to implement new, advanced train control technologies that will significantly change railroad operations. Collectively, these technologies are referred to as the Advanced Train Control Systems (ATCS). Burlington Northern Railroad's specific version of ATCS is called the Advanced Railroad Electronics System (ARES). In an extensive operations analysis, Burlington Northern found that it could use ARES to greatly reduce costs or improve service, or a little of both. To determine the optimal course of action, the railroad conducted a market study to determine the value of better service. The study results indicated that customers were willing to pay much more for small improvements in service. Burlington Northern's market managers disputed this, believing that better service would not significantly increase prices or market share. Meanwhile, ARES operations analysis indicated that operating improvements could be targeted very precisely using the new technology. Travel time improvements could be allocated at will among various classes of trains. Given these results, Burlington Northern should concentrate its initial implementation of ARES functionality on reducing cycle times for bulk commodity trains. This will result in the need for fewer coal sets to move a given amount of coal. Then, the railroad will receive the certain payoff of reduced assets as opposed to the uncertain payoff of increased revenue. As implementation proceeds, Burlington Northern should use ARES capabilities to test the value of improving service. Then implementation strategies can be adjusted to improve the outcome.
Supplemental Notes: This paper appears in Transportation Research Record No. 1314, Advanced Train Control Systems 1991: Proceedings of a Symposium, June 17-19, 1991, Denver, Colorado. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved
Monograph Title: Advanced Train Control Systems 1991. Proceedings of a Symposium Monograph Accession #: 01495454
Authors: Smith, Michael EResor, Randolph RPagination: p. 15-20
Publication Date: 1991
Serial: Conference:
First International Symposium of Advanced Train Control
Location:
Denver Colorado ISBN: 0309051517
Features: Figures
(1)
; References
(4)
; Tables
(7)
TRT Terms: Identifier Terms: Uncontrolled Terms: Old TRIS Terms: Subject Areas: Administration and Management; Design; Highways; Railroads
Files: TRIS, TRB
Created Date: Apr 30 1992 12:00AM
More Articles from this Serial Issue:
|