کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
999221 936793 2010 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The role of international benchmarking in developing rail infrastructure efficiency estimates
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
The role of international benchmarking in developing rail infrastructure efficiency estimates
چکیده انگلیسی

International cost efficiency benchmarking played a central role in informing the Office of Rail Regulation's (ORR) determination of Network Rail's future funding during the 2008 periodic review (PR08) of the company's finances. This paper sets out how international benchmarking can inform a regulator's decisions on efficiency and, in particular, how international econometric studies can be used alongside other evidence in the regulatory context. We start by reviewing the use of previous international benchmarking work. We then set out the data, methodology and results in respect of the two separate econometric studies carried out as part of PR08. The further work that was done in support of the econometric results is then described. The paper shows that top-down econometric techniques, combined with bottom-up engineering analysis produced a robust comparison between Network Rail and its peers. We conclude by outlining how the econometric results were used, in conjunction with other evidence, to reach a final efficiency determination, and how we consider that international benchmarking can be applied by other regulators.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Utilities Policy - Volume 18, Issue 2, June 2010, Pages 86–93
نویسندگان
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