Home
»
Trains Magazine
»
Forums
»
General Discussion
»
Instead of heat dissipating dynamic braking...

Edit post

Edit your reply below.

Post Body
Enter your post below.
Apparently the concept and practice of monetizing the cost of certain detrimental consequences of societal functions is relatively new.  As I understand it, the process might be used to place a dollar cost on something such as the effect of a certain type of pollution that is generated by a road.  The cost would be extrapolated from all of the negative impact on the group of people who are affected by the pollution, taking into account such things as average medical costs imposed on those people by the pollution.  The process might be extended to account for the costs that are imposed on the owners of livestock due to the effect of the pollution on the animals.  The process could also calculate the cost of impacts other than pollution such as noise or stress, for instance. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> I get the impression that this new science is just now learning to discover the monetized costs, which are presently borne by rather large groups of people who may affected by the costs without their knowledge in many cases.  However, the ultimate purpose and goal has got to be to rightfully assign monetary accountability for these costs to the responsible entity, company, group, person, etc.   <o:p></o:p> So, in the example of capturing dynamic brake energy being made economically feasible by the so-called environment cost savings, I suspect that those costs are presently being calculated, but have not yet been charged to the railroad companies.  And when they are charged, railroads will have a larger monetary incentive to invest in fuel saving measures. <o:p></o:p> The link below gives a staggering explanation of the concept, which it characterizes as being as much art as it is science.  I can see why.  Like what RWM posted, it too gives monetized costs of various types of pollution.  Somehow it strikes me as regulators mining for justifications, but I can’t say for sure until I digest the whole thing.     <o:p></o:p> <A href="http://us.geocities.com/davefergus/Transportation/0ExecutiveSummary.htm">http://us.geocities.com/davefergus/Transportation/0ExecutiveSummary.htm</A>
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag