Abstract
The paper contains a review of studies in cargo and empty cars delivery reliability, describes methods of reliability calculation and monetary evaluation. The analysis showed that monetary evaluation when reliability is considered the main emphasis should be put on its for all participants of transportation process. Consignors/consignees are, as a rule, concerned about logistical control in terms of steady and regular carriages; carriers pay more attention to process operations and loading of the infrastructure elements; railway rolling stock operators give the first place to the turnaround of main operating assets.
Highlights
Effective planning of freight transportation is a key element in the transportation process management system and a guarantee for a sustainable financial activity of transport companies
In addition to methods based on random utility maximization and determination of "reserve" stocks, a separate group of authors applied the approach of profit maximization or cost minimization [24]
The analysis showed that monetary evaluation when reliability is considered the main emphasis should be put on its for all participants of transportation process
Summary
Effective planning of freight transportation is a key element in the transportation process management system and a guarantee for a sustainable financial activity of transport companies. Transportation process stakeholders have to constantly adapt to changes in the transport system (business environment, loading structure, directions of car traffic, etc.) by switching the train destinations, selecting the points of departure/destination, changing the transportation type and time. All this is crucial for implementing a balanced policy in freight transport. Reliability is important in planning, managing, monitoring, dispatching and rendering freight services [1] It is well-proven that reliability is the central factor shippers rely on when choosing the means of cargo transportation [2,3,4,5]. According to a survey of transport service users conducted by the RAND Corporation, reliability is “a key attribute for choosing the adequate method of conveyance, often even more important than speed" [6]
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