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Applications of Production Theory in Transportation

In: Handbook of Production Economics

Author

Listed:
  • Phill Wheat

    (University of Leeds)

  • Kristofer Odolinski

    (University of Leeds
    University of Leeds, Leeds, UK, VTI)

  • Andrew Smith

    (University of Leeds)

Abstract

In this chapter, the experience of production and cost analysis in transportation is reviewed. The key production and cost analysis needs of the sector can be identified providing strategic operational insight, establishing evidence as to which market and regulatory structures yield best outcomes and providing the evidence base for regulatory scrutiny either through yardstick competition or more formal price cap regulation. The upshot of this is that transportation has provided the motivation and illustration for many innovations within production, cost, and efficiency methods, and this chapter brings to life the issues and solutions found in the sector.

Suggested Citation

  • Phill Wheat & Kristofer Odolinski & Andrew Smith, 2022. "Applications of Production Theory in Transportation," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 39, pages 1491-1524, Springer.
    • Handle: RePEc:spr:sprchp:978-981-10-3455-8_39
    DOI: 10.1007/978-981-10-3455-8_39
    as

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