Project investment analysis of the Beijing-Shanghai high speed railway: Solution selection and risk analysis

Abstract

The Beijing-Shanghai high-speed railway is a very big and important project in China. Whether it can succeed or not will have a direct impact on the construction of future high-speed railway network system in China and even affect China's economic development. In this thesis, an analysis of some main possible solutions and a deep research on the recommended solution were provided through using system engineering theory and Monte Carlo simulation. First the thesis introduces the background and current status of the Beijing-Shanghai railway and indicates the need for improving its traffic capacity. Analysis of the data generated as part of this thesis research has resulted in the conclusion that high-speed wheel-on-track (HSWOT) technology should be applied to the Beijing-Shanghai corridor. The thesis concludes that HSWOT technology is the best choice for the new Beijing-Shanghai railway, and it is also financially feasible. In addition, some suggestions are provided in relation to the effective implementation of the Beijing-Shanghai high-speed railway. (Abstract shortened by UMI.)