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Excerpt from Elements of Railway Economics
The Object of this book is to consider railways and railway business from the economic point of view. It will be well, therefore, to begin by understanding precisely what a railway is.
Historically and etymologically a railway is merely a road on which rails are laid. Originally the rails, whether of stone or wood or iron, were laid flat on the surface, and vehicles with ordinary wheels were free either to use the special track or to move at large over the whole width of the road. In the next stage of development, the rails were continuous iron plates with flanges on their outer edges to confine the Wheels to the track proper. In the next stage, the rails were raised above the surface and the flange was transferred from the rails to the wheels. The railway thus became specialized it could only be used by special vehicles, and the special vehicles could no longer be used on ordinary roads. Naturally, the railway forsook the public highway and was laid on land allocated to its sole use.
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Elements of Railway Economics Classic Reprint
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781330612941
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Elements of Railway Economics Classic Reprint
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781330612941
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Elements of Railway Economics (Classic Reprint)
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Paperback. Condizione: New. Print on Demand. This book explores the economics of railways from a historical and practical perspective, focusing on the three main functions they perform: owning the infrastructure, rolling stock, and carrying traffic. The author argues that these functions are inseparable and each contributes to the overall profitability of railway operations. Through detailed analysis of railway capital, expenditure, and income, the author demonstrates how railways are unique in that they require significant upfront investment with ongoing maintenance costs, yet their capital costs remain relatively stable regardless of traffic volume. The book also examines how railway expenditure is allocated across different classes of traffic and how this can impact pricing decisions. Ultimately, the author concludes that railways are essential for economic development and that understanding their economics is crucial for maximizing their benefits. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781330612941_0
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