In: Operations Management
What is the balance of public and private ownership in the transportation sector? What infrastructure is usually public and what is usually private? How do you evaluate the appropriate balance of benefit and cost for security programs between public and private entities?
Answer:
The balance of public and private ownership in the transportation sector is quite suffice & is working hand in hand as of today. The major reason of public and private ownership in the transportation sector working smoothly results in flexible in terms of adaptation as well as it helps the economical along with institutional environment. Its also helps in rights structuring and risk sharing in terms of providing the services to the serenity.
Infrastructures such as airways, railways, roads, terminal etc. are part of public. Whereas private infrastructure also includes the above, keeping a heavy investment aligned with public bodies in sharing.
In order to evaluate the balance and cost of security, its really important to understand the investment sharing is well balanced. For example, for any private investment in public transportation section should not be owned privately and shall be shared with public bodies such as government & other local/ federal bodies, which always assures that risk of stoppage / blockage of the same shall be mitigated.