Innovations Impact on Efficiency of European Railway Companies

Authors

  • Nebojša Bojović University of Belgrade, Faculty of Transport and Traffic Engineering
  • Miloš Milenković University of Belgrade, Faculty of Transport and Traffic Engineering, Zaragoza Logistic Center
  • Marko Kapetanović University of Belgrade, Faculty of Transport and Traffic Engineering
  • Nikola Knežević University of Belgrade, Faculty of Transport and Traffic Engineering

Keywords:

Railways, Innovations, Efficiency, Data Envelopment Analysis

Abstract

The aim of this paper is the assessment of innovations impact on European railways efficiency. In order to achieve sustainable transportation development, the key challenge is modal shift from road to rail, and development of single European transport market. Innovations in the railway transport sector contribute to the higher efficiency of transport services and promoting a more competitive and resource-efficient transport system. In the first stage of this study, efficiency scores are obtained through the use of Data Envelopment Analysis (DEA), and the ranking of 23 railway companies for the time period from 2009 to 2013 is conducted. In the second stage, factors representing technological and organizational innovations are introduced. Using different statistical tests the impact of these factors on railways technical efficiency (TE) is analyzed. Results showed significant impact of innovations on efficiency level of railway companies. This paper considers most recent time period, thus enabling observation of current trends in European railway transport market. Innovations observed in this study represent key elements in the field of technological development and the structural organization of railways, with the aim of achieving sustainable European rail transport system.

Author Biographies

Nebojša Bojović, University of Belgrade, Faculty of Transport and Traffic Engineering

Nebojša Bojović, PhD is a dean and a full professor at the Faculty of Transport and Traffic Engineering, University of Belgrade. He is an author and co-author of several books and more than 40 scientific papers. Prof. Bojović is a reviewer at several international scientific journals, “Transportation Research part B”, “Transportation Research part E”, “European Journal of Operational Research”, “Computational and Mathematical Organization Theory”, “Annals of Operations Research”, “Journal of Applied Mathematics and Decision Sciences”. His professional expertise, research and teaching interests include: Applications of Operations Research, Information Systems and Control Theory in Transportation Systems with particular emphasis on: Rail freight car fleet sizing, Railway vehicle routing and scheduling, Risk management and Project management.

Miloš Milenković, University of Belgrade, Faculty of Transport and Traffic Engineering, Zaragoza Logistic Center

Milos Milenkovic is Assistant Professor at The Faculty of Transport and Traffic Engineering, University of Belgrade, Serbia and a Research Fellow at the MIT-Zaragoza International Logistics Program. Dr. Milenkovic´s main research areas are mathematical optimization, model predictive control theory, time series analysis, project management and engineering economy with a special focus on transport related applications. He is engaged as a member of editorial board of a number of scientific conferences and also as a reviewer of a number of prestigious peer-reviewed journals, like “International Journal of Uncertainty, Fuzziness and Knowledge-Based Systems”, ”Applied Mathematical Modelling” and ”Transportation Research Part E”. During his career Dr Milenkovic published more than forty papers in journals as well as on scientific conferences.

Marko Kapetanović, University of Belgrade, Faculty of Transport and Traffic Engineering

Marko Kapetanović, MSc is student of doctoral studies and research assistant at the Faculty of Transport and Traffic Engineering, University of Belgrade. He graduated and earned his Master’s degree from the Railways Transport and Traffic Engineering Department, at the Faculty of Transport and Traffic Engineering, University of Belgrade. He is an author and coauthor of two scientific papers in proceedings of domestic and international scientific conferences. His research area of interests include application of operational research in transportation systems, transport economics and revenue management.

Nikola Knežević, University of Belgrade, Faculty of Transport and Traffic Engineering

Nikola Knežević, PhD, is an assistant professor at the Faculty of Transport and Traffic Engineering, University of Belgrade, Serbia. His areas of academic interest include: project management, organization design, performance management and application of quantitative methods in management. He is author and co-author of one book and over 40 papers published in scientific journals and at scientific conferences. He was a reviewer of one book (monograph). In his previous career, he was engaged by the Government of the Republic of Serbia in the Development Strategy of postal services, and by the Government of Montenegro in the Development Strategy of postal traffic.

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Published

2016-09-02

How to Cite

Bojović, N., Milenković, M., Kapetanović, M., & Knežević, N. (2016). Innovations Impact on Efficiency of European Railway Companies. Management:Journal of Sustainable Business and Management Solutions in Emerging Economies, 21(79), 13–25. Retrieved from https://management.fon.bg.ac.rs/index.php/mng/article/view/35

Issue

Vol. 21 No. 79 (2016)

Section

Articles

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