Accession Number : AD0696951

Title :   REGULATORY MODELS FOR PRICING AND EVALUATION OF TRANSPORT SERVICES.

Descriptive Note : Research rept.,

Corporate Author : CARNEGIE-MELLON UNIV PITTSBURGH PA MANAGEMENT SCIENCES RESEARCH GROUP

Personal Author(s) : Charnes,A. ; Cooper,W. W. ; Kirby,M. J. L. ; Littlechild,S. C. ; Raike,W. M.

Report Date : 16 SEP 1969

Pagination or Media Count : 18

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)

Descriptors :   (*MANAGEMENT PLANNING AND CONTROL, RAILROADS), (*TRANSPORTATION, COSTS), MATHEMATICAL MODELS, PROBABILITY, DISTRIBUTION FUNCTIONS, ECONOMICS, EFFECTIVENESS

Subject Categories : Administration and Management

Distribution Statement : APPROVED FOR PUBLIC RELEASE