Revenue Management of Transportation Infrastructure during the Service Life using Real Options
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.
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 http://dx.doi.org/10.1201/b12665-15
Engineering Management and Systems Engineering
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