Investment decisions and project management over Indian railways: a case of freight corridors

Abstract

Purpose

The purpose of the study is to provide insights into the process of decision making. Indian Railways as an organization has to use the available resources based on thorough analysis and proper application of available evaluation methodologies.

Design/methodology/approach

This study uses an integrated group discussion – analytical hierarchy process (AHP) to prioritize capital-intensive Indian Railways projects.

Findings

Through an email-based survey, six important criteria for ranking upcoming domestic freight corridors were selected, and weights for these criteria were calculated through AHP. The sensitivity analysis of the decision model suggests that the results of this study are significant, reliable and robust.

Originality/value

This study lays a foundation for the decision-makers of Indian Railways to consider a scientific approach while finalizing the big investment projects. This paper provides essential insights on prioritizing capital-intensive transport projects and is readily applicable to any case study.

Citation

Bhatia, V., Sharma, S. and Bhatia, R. (2023), "Investment decisions and project management over Indian railways: a case of freight corridors", Measuring Business Excellence, Vol. 27 No. 2, pp. 173-192. https://doi.org/10.1108/MBE-08-2021-0106