Economic Benefits of Railway Informatization and Its Quantitative Analysis

Railway Informatization is the objective needs of rail transportation, as well as one of the major means to enhance the railway labor productivity, improve the standard of transport, and promote its transformation and innovation unceasingly. Its application will bring immeasurable economic efficiency and market competitiveness to the railway. At present, the research on how much economic benefits that informatization will bring to rail transport still stays on the qualitative stage, and lacks integrity and mature theory of quantitative research methods in domestic. This paper presents the economic benefits of information to the rail transport and makes a preliminary discussion about quantitative analysis method.