Abstract
To compare and evaluate alternative model, in order to determine the suitable management for presenting an efficiency selection to administrator, the scope of research focused on the operations and feasibility study of the Suvarnabhumi Airport Rail Link (SARL) project. The results showed that the only business models with potential were by being a subsidiary company under the State Railway of Thailand (SRT). Further, the feasibility study was conducted and found that both of business models which are business unit and subsidiary had the same payback (PB) period of 12 years and 4 months but the return on investment (ROI) of the subsidiary company was better as shown the summarizing table in appendix. It is suggested to apply the strategic management with efficiency and effectiveness to improve the service quality and the image of the organization. Further study should focus on exploring an economic impact of the project that benefits the economy and society. The effects of those may bring returns to the society or country other than only Suvarnabhumi Airport Rail Link (SARL) itself.
Highlights
From the past, Thailand has continued to develop its infrastructure by setting up policies and strategies stipulated them in the National Economic and Social Development Plan 9 [1]
The business unit is a part of the State Railway of Thailand (SRT) but its account receivable and payable is separated from the SRT
State Railway of Thailand (SRT), Outsourcing SRT must pay the fee to an outside company
Summary
Thailand has continued to develop its infrastructure by setting up policies and strategies stipulated them in the National Economic and Social Development Plan 9 [1]. The Government of Thailand has seen the importance of this issue. In order to rely less on car usage and reduce fuel use, we have shifted our attention to developing rail transport infrastructure with new innovations such as electricity powered rail system that could reduce petroleum imports from overseas, increase competitiveness, increase productivity and enhance the service sectors of the country. It can help reduce air pollution and protect the environment for the country. The researchers have compared the extent and evaluated business management models to determine for the right business model and present to management of Suvarnabhumi Airport Rail Link (SARL) in order to survive and be effective after operation since 2010
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