publication . Article . 2007

Railway projects prioritisation for investment: Application of goal programming

Aoife Ahern; Gabrial Anandarajah;
Open Access English
  • Published: 01 Jan 2007
  • Publisher: Elsevier
  • Country: Ireland
Abstract
This research develops a weighted integer goal-programming model for prioritising railway projects for investment. The goal of the model is to prioritise the identified projects for investment while maximising the objectives and meeting the budget limit for capital investment. The model minimises the goal deviations of the objectives. The objectives of the model include quantitative and qualitative attributes. The model is applied to prioritise the new railway projects, which have a total cost of Euro 2 billion for capital investment, identified and analysed by Department of Transport, Ireland. Even though the objective is maximising all the attributes, the inve...
Subjects
free text keywords: Railway, Transport policy, Project prioritisation, Railroads--Finance, Railroads--Capital investments, Railroads and state, Decision making--Mathematical models, Geography, Planning and Development, Law, Transportation, Economics, Operations management, Transport engineering, Economic benefits, Revenue, Capital investment, Open-ended investment company, Goal programming, Total cost
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publication . Article . 2007

Railway projects prioritisation for investment: Application of goal programming

Aoife Ahern; Gabrial Anandarajah;