Costs and Benefits of Fast Train

Document Type:Thesis

Subject Area:Business

Document 1

Showing that such an endeavor merits serious consideration by nations, the use of high speed trains is such a business that is economically viable. Keyword: High speed train, Viability, Cost and Benefit, Speed rail, Railways, Elasticity of Demand, Consumer Surplus, Transportation, Regional Transportation. Table of Contents Executive Summary……………………………………………………………………. 3 Introduction……………………………………………………………………………. 4 Project Objective…………………………………………………………………………5 Project Scope……………………………………………………………………………. The paper will look particularly at the case study Australia and go ahead to focus on the efficiency of the Australian Fast train experience with regards to benefits and costs. The basis of the fast train assessment emanates from the transport valuations and economics of travel fare prices and time, and how they impact on the consumer demand. Offered an option of means on a particular course, the customers pick the travel style that reduces the overall trip costs, that matches the amount of fare, the involved cost of initial transit, the waiting periods, and also the overall price of the real travel period.

Sign up to view the full document!

In the precise estimation of the transport call, the main technique is that of a collective transport model, of which the plea for the fast train transport in the travel market is analyzed as a function of variable that go ahead to describe the consumers or the product itself. Project Objectives The primary objective of this project is to assess the costs and benefits of fast train in the travel market. This is done by focusing on and assessing the normal benefits what’s more, costs of an enterprise over its lifetime, lowering esteems to a normal year. The appraisal of particular costs and benefits may be unrealistic specifically when the markets do not exist to value particular outcomes, for instance, air commotion and contamination.

Sign up to view the full document!

Additionally, the choice of a markdown rate is considered a source of open debate; the low loan costs that tend to produce higher present qualities for the travel business that offers benefits at a later time. 1 Accordingly, the fast trains benefits and just where deliberates stipulating such potentials exist- and design the markdown rate with regards to present loaning rates for the state securities. Literature Review BRAGG, (2001) designs a model that describes the purpose of subsidization in the public transport structure and then uses the model to travel data for fast trains in Australia. This ends up generating the quasi-rate for train facilities of EBCF, but finally this goes bereft of the costs of the static inputs, and needs a grant of FCDG to satisfy those particular contribution prices.

Sign up to view the full document!

WANNA (2009); SELLADURAI, LEE & VANDEWERKEN (2016); and OVE ARUP & PARTNERS, KPMG PEAT MARWICK MANAGEMENT CONSULTANTS & AUSTRALIAN CAPITAL TERRITORY (1990) assert fast train is the gold standard of transport efficiency in the travel market. In just one decade, train transport generates enough income to cover its running costs and development. More than 5 billion train passengers in Australia over the period of a decade have securely travelled the line at speeds that go beyond 320 km/h, and it has saved the country an estimated travel time of 400 million hours annually. All over the globe, this demand for sped was swift to catch on. It can upgrade convenience for the cargo transport, a cornerstone of Australian’s HSR strategy. It can lower the traffic and passenger congestion and also end up causing the economic chaos9.

Sign up to view the full document!

According to LAIRD (2001); and NATIONAL RESEARCH COUNCIL (U. S. ) & NATIONAL ACADEMIES OF SCIENCES, ENGINEERING, AND MEDICINE (U. Research Gaps Fast trains as mentioned, is a good business, one that can be seen as an economic booster. The venture into high-speed railway by Australia was an economic move that has so far led the country into fiscal strides. A lot of research for instance, those presented by the NATIONAL RESEARCH COUNCIL (U. S. ) & NATIONAL ACADEMIES OF SCIENCES, ENGINEERING, AND MEDICINE (U. Also, people can clearly confirm that the present advancements in railway carriage have enabled the rail to maximize its modal share in relation to the other dual means; in this case the modal share is considered as the fraction of travelers that make us of at least one mode proportionate to all of the accessible choices.

Sign up to view the full document!

The primary incentive of this particular research paper is therefore to assess the cost-benefit of fast train (also known as the High-speed railway technology). It is important to note that the availability of the fast train has brought major benefits such as low travelling costs, timely journey, efficient services and efficient transportation of heavy loads from one location to the other quickly. Additionally, when more time is saved while travelling, it means most organizations operate effectively and the revenue collection increases tremendously, this then leads to the country benefiting highly from the timely travelling. List of References ALBALATE, D. dotars. gov. au/rail/trains/high_speed/pdf/ECVHST_Scoping_Study. pdf. BRAGG, S. [Washington, D. C. ], U. S. Govt. S. ), & NATIONAL ACADEMIES OF SCIENCES, ENGINEERING, AND MEDICINE (U.

Sign up to view the full document!

From $10 to earn access

Only on Studyloop

Original template

Downloadable