The restructuring and privatisation of British Rail: Was it really that bad?

This paper uses a social cost-benefit analysis (SCBA) framework to assess whether rail privatisation in Britain has produced savings in operating costs. The paper shows that major efficiencies have been achieved, consumers have benefited through lower prices, whilst the increased government subsidy has been largely recouped through privatisation proceeds. We also find that output quality is no lower (and is probably better) than under the counterfactual scenario of public ownership (pre-Hatfield). The achievement of further savings is key to delivering improved rail services in the future. This paper finds that a privatised structure, where shareholders demand a return on their investment, has led to significant improvements in operating efficiency - it remains to be seen whether the new regime, with a not-for-profit infrastructure owner, will deliver the same efficiency improvements

Optimisation of schedules for the inspection of railway tracks

Inspection of railway tracks involves a high volume of short-duration tasks (e.g. visual inspection, vehicle-based inspection, measurement, etc.) each of which is repeated at different frequencies and time intervals. It is important to gain asmany benefits as possible from the inspection tasks, which incur huge expenses. To date, various optimisation methods have been incorporated into the schedule generation to determine an inspection order for a known number and geographical location of tracks. Due to the specific requirements of certain tracks or inspection problem—for example, the number of schedule parameters and one-off or incremental type schedules—researchers have developed moresophisticated and problem-dependent optimisation methods. However, introduction of a new inspection technology and policy in the last five years, especially in the United Kingdom, has urged a remodelling of the scheduling problem in track inspection in order to cope up with the new operational and business constraints. Thus, this paper conducts a review and gap analysis of previous studies with regard to track inspection scheduling problems from an optimisation point of view. In addition, the authors discuss several potential research interests resulting from the gap analysis undertaken. This studyshows that heuristic methods are popular among researchers in searching for an optimal schedule subject to single or multiple optimisation function(s) while satisfying various technical and business constraints