REGULATORY MODELS FOR PRICING AND EVALUATION OF TRANSPORT SERVICES.

Abstract

A variety of objectives and constraints are presented for use by a regulatory agency in pricing public services and evaluating capacities under conditions where the demands are random variables. These demand distributions are influenced by prices charged in various parts of a railroad transportation system and hence are functionally dependent. The models studied include a joint maximization of the probability of achieving specified levels of consumers' surpluses in a variety of interaction markets as well as models that constrain these to specified levels of probability along with expected fair return constraints for the producers. (Author)

Document Details

Document Type
Technical Report
Publication Date
Sep 16, 1969
Accession Number
AD0696951

Entities

People

  • Abraham Charnes
  • M. J. L. Kirby
  • S. C. Littlechild
  • W. M. Raike
  • William W. Cooper

Organizations

  • Carnegie Mellon University

Tags

DTIC Thesaurus Topics

  • Land Transportation
  • Marine Transportation
  • Mathematics
  • Probability
  • Probability Distributions
  • Railroads
  • Random Variables
  • Stochastic Processes
  • Surface Transportation
  • Test And Evaluation
  • Transport Ships
  • Transportation
  • Transportation Infrastructure

Readers

  • Computational Modeling and Simulation
  • Industrial Economics