Revenue Management of Transportation Infrastructure during the Service Life using Real Options

Author

Hongyan Chen
Ruwen Qin, Missouri University of Science and TechnologyFollow

Abstract

Transportation infrastructures, such as highways, railways, and airports, require a huge initial capital investment. They are often planned and constructed to serve the public for decades. Operating and maintenance (O&M) costs during the long service life of the infrastructure are another important cost component to be considered for effective revenue management. These two types of costs are relevant since superior construction quality requires higher capital investment to promote lower O&M costs during the service.

Recommended Citation

H. Chen and R. Qin, "Revenue Management of Transportation Infrastructure during the Service Life using Real Options," Decision Making in Service Industries: A Practical Approach, pp. 257 - 278, Taylor & Francis, Aug 2012.

The definitive version is available at https://doi.org/10.1201/b12665-15

Department(s)

Engineering Management and Systems Engineering

Comments

Chapter 11

International Standard Book Number (ISBN)

978-1439867457

Document Type

Book - Chapter

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 2012 Taylor & Francis, All rights reserved.

Publication Date

15 Aug 2012