| Title | Structure of Public Transit Costs in the Presence of Multiple Serial Correlation |
|---|---|
| Record ID | 7597 |
| Personal Name Creator |
Karlaftis, Matthew; McCarthy, Patrick; Sinha, Kumares |
| Source | JT: Journal of Transportation and Statistics, Vol. 2, No. 2; 9p. in various pagings |
| Publisher | United States. Department of Transportation. Bureau of Transportation Statistics |
| Publication Date | 19991200 |
| Language | English |
| Abstract | Most studies indicate that public transit systems operate under increasing returns to capital stock utilization and are significantly overcapitalized. Existing flexible form time series analyses, however, fail to correct for serial correlation. In this paper, evidence is presented to show that ignoring multiple serial correlation can have important policy implications. Based on monthly time series data from the Indianapolis Public Transit Corporation, the results indicate that failure to correct for serial correlation significantly affects economies of capital utilization estimates and has potentially important implications for optimal size of the transit fleet. |
| Rosap ID | dot:4674 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/4674 |
| TRT Terms | Transit operating agencies; Capital investments; Fleet management; Vehicle fleets; Correlation analysis |
| General Subjects | Indianapolis (Indiana); Indianapolis Public Transit Corporation; Optimal size; Public transit policy; Transit fleets |
| Classification | NTL - PUBLIC TRANSPORTATION - PUBLIC TRANSPORTATION; NTL - PUBLIC TRANSPORTATION - Transit Planning and Policy; NTL - PUBLIC TRANSPORTATION - Bus Transportation; NTL - PUBLIC TRANSPORTATION - Transit Economics and Finances; NTL - ECONOMICS AND FINANCE - Economic Impacts; NTL - ECONOMICS AND FINANCE - Funding; NTL - PLANNING AND POLICY - Management Systems; NTL - REFERENCES AND DIRECTORIES - Statistics |
| Geographical Coverage |
United States |
| ISSN | 10948848 |
| OCLC | 43519511 |
| TRIS Online Accession No |
789361 |
| Availability | BTS Products |
| Resource type | Journal Article |
| URL | https://ntlrepository.blob.core.windows.net/lib/7000/7500/7597/1karl.pdf |
| Alternative URL | http://www.bts.gov/publications/journal_of_transportation_and_statistics/volume_02_number_02/; http://www.bts.gov/publications/journal_of_transportation_and_statistics/ |
| Format | |
| Database | NTL Digital Repository |