Closed Form Models to Assess Railroad Technology Investments

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dc.contributor.authorBridgelall, Raj
dc.contributor.authorTolliver, Denver D.
dc.contributor.organizationUpper Great Plains Transportation Institute
dc.date.accessioned2021-08-03T16:37:45Z
dc.date.available2021-08-03T16:37:45Z
dc.date.issued2020
dc.descriptionRaj Bridgelall is the program director for the Upper Great Plains Transportation Institute (UGPTI) Center for Surface Mobility Applications & Real-time Simulation environments (SMARTSeSM).en_US
dc.description.abstractClass 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. Therefore, railroads must seek additional benefits. This research contributes simple closed-form models to inform strategies that can leverage the technology deployment by estimating the annual additional net benefits, internal rate of return, and benefit-cost ratio needed for a desired payback period.en_US
dc.description.urihttps://www.ugpti.org/about/staff/viewbio.php?id=79
dc.identifier.citationBridgelall, Raj and Denver Tolliver. "Closed Form Models to Assess Railroad Technology Investments." Transportation Planning and Technology, DOI:10.1080/03081060.2020.1805541, 43(7), August 11, 2020.en_US
dc.identifier.doi10.1080/03081060.2020.1805541
dc.identifier.orcid0000-0003-3743-6652
dc.identifier.orcid0000-0002-8522-9394
dc.identifier.urihttps://hdl.handle.net/10365/31972
dc.language.isoen_USen_US
dc.rightsIn copyright. Permission to make this version available has been granted by the author and publisher.
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectBenefit-cost analysis.en_US
dc.subjectInternal rate of return.en_US
dc.subjectNon-destructive evaluation.en_US
dc.subjectPayback period.en_US
dc.subjectPositive train control.en_US
dc.subjectRailroad safety.en_US
dc.titleClosed Form Models to Assess Railroad Technology Investmentsen_US
dc.typeArticleen_US
dc.typePreprinten_US
ndsu.collegeCollege of Business
ndsu.departmentTransportation and Logistics

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