Abstract
Fuelled by the Belt and Road Initiative, Eurasia railway transport has gained rapid traction. However, China Railway Express is in the development period, information about China Railway Express lines is in chaos, and it is difficult to appraise the market situation. This paper focuses on providing an approach to estimate the market share of every China Railway Express line. In this paper, the crawled data from the website are applied to estimate the customer demands for China Railway Express services in different areas of China. The government subsidy is a factor that cannot be ignored, but its level is unclear. Thus, a dummy regression model was established to estimate the subsidy. The regression result is in line with the data released by the Guangdong Provincial Government in 2017. To identify customers’ preferred choices for particular lines, a multi-objective optimization model has been built. With the crawled demands data and this optimization model, the current and future market share of China Railway Express can be assessed. If the subsidy is cancelled, some China Railway Express lines will lose their market, and only three lines have a bright future.
Highlights
The Belt and Road Initiative has greatly accelerated the Chinese economy due to economic cooperation across Europe, Central Asia, and China
Since the CR Express is a general term of use, these railway lines are not centralized, and accessing statistics on the progress of this programme has proven difficult, and this difficulty has resulted in the lack of data on the market situation
Some researchers confirmed that the government subsidy resulted in an entanglement in CR Express lines [5]
Summary
The Belt and Road Initiative has greatly accelerated the Chinese economy due to economic cooperation across Europe, Central Asia, and China. Some researchers study the “Belt and Road” problem from the railway company perspective, which suggests the need for the development of a logistics centre. Xi’an inland port needs to be an international transit centre to actualize the CR Express programme [18, 19] Another researcher, Wang et al [20], stated that the CR Express can only reduce its running cost and improve its efficiency by building a hub. To analyse the market statistics on the client’s demand is vital; no one in China has described these demands In contrast to some papers, it was found that the subsidy has ebbed with the introduction of the CR Express, and this result is used in
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