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Closed Form Models to Assess Railroad Technology Investments
(2020)
Class I railroads in North America collectively invested $11.2 billion to comply with a federal mandate to deploy positive train control. This amount dwarfs the potential savings from accidents the technology could prevent. ...
Budgeting the Adoption of Sensors on Connected Trains
(2021)
Railroads can save millions of dollars by deploying multi-sensor track scanners on connected trains to detect track and roadbed problems that could cause accidents. However, uncertainties about performance and return-on-investment ...