THEORETICAL PRINCIPLES AND METHODOLOGICAL APPROACHES OF ASSESSING THE EFFICIENCY OF USE OF FIXED FUNDS IN RAILWAY TRANSPORT ENTERPRISES
Abstract
This article explores the theoretical foundations and methodological approaches to evaluating the efficiency of fixed asset utilization in railway transport enterprises. The study examines the system of indicators for assessing asset efficiency, including modern methods used in international practice such as Data Envelopment Analysis (DEA), as well as indicators like capital return, capital intensity, and capital -labor ratio. Based on the case of Uzbekistan’s railway transport companies, the article identif ies key directions for improving the effectiveness of fixed asset usage.
Keywords
fixed assets, capital return, capital intensity, efficiency, railway transport, DEA, depreciation, capital productivity. 686
References
- Zhao, P., Zeng, L. (2023). Railway Transport Efficiency. In: Transport Efficiency and Safety in China. Springer, Singapore. https://doi.org/10.1007/978 -981- 99-1055 -7_6
- Embassy of Uzbekistan in the United States. (2024). Railway Construction Projects Reviewed. https://uzbekistan.org/railway -construction -projects - reviewed/4490/
- Railway Supply. (2024). HSR: Developing High -Speed Rail Infrastructure in Uzbekistan. https ://www .railway .supply /hsr-developing -high-speed -rail- infrastructure -in-uzbekistan /
- FasterCapital. (2024). Fixed Asset Turnover Ratio: How to Evaluate Your Capital Expenditure and Asset Efficiency. https://fastercapital.com/content/Fixed - Asset -Turnover -Ratio.html
- Wikipedia. (2024). Amortizatsiya. https://uz.wikipedia.org/wiki/Amortizatsiya
- Yanliang et al. (2023). Efficiency of railway transport: A comparative analysis for 16 countries. Transport Policy. ScienceDirect. https://www.sciencedirect.com/science/article/abs/pii/S0967070X23001816
- Charnes, A., Cooper, W.W., Rhodes, E. (1978). Measuring the efficiency of decision making units. European Journal of Operational Research, 2(6), 429 -444.
- Yu, M.M., Lin, E.T.J. (2008). Efficiency and effectiveness in railway performance using a multi -activity network DEA model. Omega, 36(6), 1005 -1017. https://www.sciencedirect.com/science/article/abs/pii/S0305048307000916
- Kabasakal, A., Kutlar, A., Sarikaya, M. (2015). Efficiency determinations of the worldwide railway companies via DEA. Central European Journal of Operations Research, 23, 69 -88. https://link.springer.com/article/10.1007/s10100 -013-0303 -x
- Kumari, J., et al. (2024). A performance -driven framework with a system -of- systems approach for augmented asset management of railway system. Int J Syst Assur Eng Manag, 15, 3988 -4002. https://link.springer.com/article/10.1007/s13198 -024- 02404 -w
- AccountingTools. (2025). Efficiency ratios. https://www.accountingtools.com/articles/efficiency -ratios.html
- ScienceDirect. (2019). Capital Productivity — an overview. https ://www .sciencedirect .com/topics /economics -econometrics -and-finance /capital - productivity
- MDPI Electronics. (2020). Exploratory Data Analysis and Data Envelopment Analysis of Urban Rail Transit. https://www.mdpi.com/2079 -9292/9/8/1270
- Aroso et al. (2024). Energy Efficiency Improvement on Railway Lines: An Overview. Energy Science & Engineering. Wiley Online Library. https://scijournals.onlinelibrary.wiley.com/doi/full/10.1002/ese3.1971
- India Seatrade News. (2024). Uzbekistanʼs railway networks transport
- 1mn tons of freight in first half of 2024. https ://indiaseatradenews .com/uzbekistans - railway -networks -transport -36-1mn-tons-of-freight -in-first-half-of-2024/
- Ilmiy Baza. (2024). Korxonaning asosiy fondlari. https://ilmiybaza.uz/document/korxonaning -asosiy -fondlari/
- CEIC Data. (2024). Uzbekistan | Transport Infrastructure, Investment and Maintenance. https ://www .ceicdata .com/en/uzbekistan /transport -infrastructure - investment -and-maintenance -non-oecd -member -annual