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DESCRIPTION AND CRITIQUE OF TRADITIONAL EXPENSE ANALYSIS
APPLYING THE CONCEPT OF ECONOMIC COST
2O hours activity level additional delay imposed additional wagonload allocated alternative analysis of expenses annuitised applied average delay average expense average general expense calculated capacity day's delay costs delays to existing depreciation plus interest diagram effects and hence empty wagon movement European Communities example exceed existing traffic expenditure expense of purchasing external economic costs external expenses extra traffic extra wagonload extra wagons fixed expense freight traffic fuel fuel taxes gross tonnes hence the economic historic cost increase or decrease interest and depreciation interest plus depreciation involves kilometer loaded wagon movement locomotive lorry Luxembourg maintenance movement in question operating surplus overheads particular freight movement present worth probabilistic rail freight movement relevant replacement cost resale value revenue road freight road-haulage firm rolling stock shunting specific expense analysis staff expenses statistics terminals time-related expenses tonne km traffic being costed train movement transport economics variable expense wagon-day wagonload traffic