Evaluating the Relative Operational Efficiency of Korean National Railroad

한국철도의 상대적 운영효율성 평가

The purpose of this paper is to evaluate the relative efficiency of Korean National Railroad (KNR). Railways can be seen as multi-product firms which produced both passenger and freight transportation services. For evaluating the operational efficiencies of 23 UIC (International Union of Railways) members including KNR we use data envelopment analysis (DEA) in which multiple inputs and multiple outputs can be handled explicitly.