49 research outputs found

    Cost efficiency of NSW rail passenger services 1951/52-1991/92 : a case study in corporate strategic modelling

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    During the 1990s, governments, managements and unions have been focused upon improving the cost efficiency of firms. This focus has been strongest for firms in the public sector where improved outcomes can be expected to significantly improve the Gross Domestic Products of whole economies. This case study looks at the cost efficiency of NSW rail passenger services over a 41 year period to 1991/92, long suspected (but hitherto only tentatively demonstrated) as a paradigm of cost inefficiency. The case study focuses upon the use of the total factor productivity (TFP) index, as a datum point for measuring change in productivity in four markets: suburban, internrban, country and interstate passenger services since 1951/52. From this datum, changes over the years in management, technology and other external factors can be identified and assessed. The thesis identifies management quality (the organising element in the firm) as the preeminent factor in determining productivity change, and the role that new technology plays in its impact on failures in management. We establish the linkages between management and innovation, with TFP, pricing efficiency and economic resource use efficiency, to present a rich paradigm for assessing the economic performance of any business firm. Borrowing from systems theory and other management practices such as total quality management, we disaggregated the case firm into its component systems, sub-systems and processes, for separate study in relation to impact on TFP. The database for 41 years of rail behaviour is the richest ever compiled for any railway in Australia, and with enhanced modelling, enables a systematic treatment of the performance through time of State Rail's passenger services

    Revisions and Update: Productivity of Australian Railways 1971/72 to 1991/92

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    This paper revises the findings of the Productivity of Australian Railways study released by ITS in 1992. The findings were released as Research Report ITS-RR-92-1, as Working Paper ITS-WP-92-7 and as a paper published in the proceedings of the 17th Australasian Transport Research Forum. The revisions include: the inclusion of South Australia’s urban passenger services, review of supply side measures of output, a revised measure of capital utilisation, and update of the database to include the latest available information for 1991/92. The paper is in two sections: Section 1 contains an explanation of the revisions and update; while Section 2 contains the results of the revisions and update including a revision of TFP figures and models presented in ITS-WP-92-7 and tables of revised data and TFP measures

    A comparative assessment of the productivity of Australia’s rail systems 1971/72 - 1990/91

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    There is a recognition that Australia’s rail systems, as the major recipient of government subsidy, have to improve their performance and become more cost efficient. Any policy designed to reduce costs must consider the implications of resultant actions on the overall productivity of a business. In this paper we propose the use of the total factor productivity index as an appropriate reference benchmark, calculated annually for each rail system. As a reference benchmark, it enables each railway to evaluate the productivity implications of any change to the operating and managerial environment designed in part or in whole as a cost saving strategy. Total factor productivity indices are derived annually from 1971/72 to 1990/91 for the 5 major rail systems and sources of variation are identified

    Performance Evaluation in Passenger Transportation: What Are Relevant Measures?

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    Institute of Transport and Logistics Studies. Business School. The University of Sydne
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