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Railway projects prioritisation for investment : application of goal programming
Author(s)
Date Issued
2007-01
Date Available
2011-03-21T12:46:39Z
Abstract
This research develops a weighted integer goal-programming model for prioritising railway projects for investment. The goal of the model is to prioritise the identified projects for investment while maximising the objectives and meeting the budget limit for capital investment. The model minimises the goal deviations of the objectives. The objectives of the model include quantitative and qualitative attributes. The model is applied to prioritise the new railway projects, which have a total cost of Euro 2 billion for capital investment, identified and analysed by Department of Transport, Ireland. Even though the objective is maximising all the attributes, the investment decision is subject to financial availability. The study recommends investment options at different capital investment levels when the decision is made on the basis of economic benefits, revenue or qualitative goal scores.
Sponsorship
Not applicable
Type of Material
Journal Article
Publisher
Elsevier
Journal
Transport Policy
Volume
14
Issue
1
Start Page
70
End Page
80
Copyright (Published Version)
2006 Elsevier Ltd
Subject – LCSH
Railroads--Finance
Railroads--Capital investments
Railroads and state
Decision making--Mathematical models
Web versions
Language
English
Status of Item
Peer reviewed
ISSN
0967-070X
This item is made available under a Creative Commons License
File(s)
No Thumbnail Available
Name
Railway Projects prioritisation for investment_new.rtf
Size
45.83 MB
Format
RTF
Checksum (MD5)
17ed301a6dab6e363a37333e796ea488
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