lect3 - global economy automobiles airplanes ±...

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SPEAKER: Joseph M. Sussman MIT 1.201J/11.545J, ESD.210J Introduction to Transportation Systems Fall 2006 LECTURES DISPLAYS Part II
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TRANSPORTATION SYSTEMS COMPONENTS: AN EXTERNAL PERSPECTIVE
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EXTERNAL COMPONENTS OF THE TRANSPORTATION SYSTEM Competition Government Stakeholders Financial Community General Public The Customer Supply Industry Transportation System Figure by MIT OCW .
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GOVERNMENT ± Taxes ± Safety regulation ± User Fees ± Financial Regulation ± Entry and Exit from Market ± Monopolies ± Provider of infrastructure ± Provider of funding
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THE COMPETITION ± Intra-modal (e.g., other airlines) ± Inter-modal (rail vs. truck) ± For the consumer’s money ± Buy a house or take a vacation ± Transportation/Communication System Competition COMMON ERROR: VIEWING THE COMPETITION AS STATIC
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FINANCIAL COMMUNITY Provider of: ± Equity ± Debt Also concerned with oversight: ± Who is on your board? ± Why are you missing your financial targets?
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SUPPLY INDUSTRY ± Vehicle Providers (and their importance in the
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Unformatted text preview: global economy)-- automobiles, airplanes ± Infrastructure Builders ± Low-tech ± High-tech ± Components ± Electronics ± Materials ± Research Community ± Insurance Industry STAKEHOLDERS ± People/Organizations who are not customers or suppliers but are nonetheless concerned ± Environmental Community ± Abutters, e.g., of airports ± The General Public -- concerned with quality of life, national defense, economic development, as enabled by the transportation system THE CUSTOMER THE CUSTOMER -- the most important external element. That’s why we are in “business,” but consider the difference between public sector (e.g., MBTA) and private sector (e.g., United Airlines) views of the “customer.” EXTERNAL COMPONENTS OF THE TRANSPORTATION SYSTEM Figure 3.1 Competition Government Stakeholders Financial Community General Public The Customer Supply Industry Transportation System Figure by MIT OCW....
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lect3 - global economy automobiles airplanes ±...

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