“Multi-Dimensional Cost-Effectiveness Analysis for Prioritizing Railway Station Investments” – Research Article Published
The recently published open-access research article “Multi-Dimensional Cost-Effectiveness Analysis for Prioritizing Railway Station Investments: A General Framework with an Application to the Italian Case Study” has been written by Transform Transport, Systematica’s research foundation, in collaboration with Prof. Pierluigi Coppola and Fulvio Silvestri.
The paper stems from the ongoing collaboration with the national railway company Rete Ferroviaria Italiana (RFI) and extends the concept of Cost-Effectiveness Analysis (CEA) to a multi-dimensional decision-making context, outlining a methodological framework that includes several criteria to assess the impact of railway station revamping in urban contexts. The proposed method has already been applied to the project appraisals of five railway stations in Italy, and we utilize it in this research, using the typical configuration of a medium-sized Italian railway station as a case study.
The paper also includes a description of the methodology used for evaluating the selected KPIs for each of the identified assessment dimensions. The evaluation tool is an analytical response to the massive investment program in the railway infrastructure recently launched in Italy by RFI, which includes investments for revamping a large number of medium/large stations.
Given the driving role of RFI in the Recovery and Resilience Plan (Piano Nazionale di Ripresa e Resilienza – PNRR), this methodology is actively contributing to the definition of strategic goals and investment scenarios on a case-by-case basis, ensuring a proper and effective allocation of the financial resources of the plan.
Click here to read the full article: https://doi.org/10.3390/su14094906