TAILIEUCHUNG - Rolling stock requirements 2014-2019

Stock data mining plays an important role in realizing the vision of autonomous financial market analysis or computational finance. The Efficient Market Theory asserts that it is impossible to infer a consistent and global forecasting model to the stock market by using any information that the market already knows. Stock data mining does not accept nor reject this theory; instead it aims to discover subtle short term conditional patterns and trends in wide range of financial data (Kovalerchuk and Vityaev 2000). Being one of the key applications in time series data mining, stock data mining generally focuses on trend modeling and forecasting (Han. | Rolling stock requirements 2014-2019 An ATOC Overview Association of Train Operating Companies Executive Summary To inform the development of Ministers High Level Output Specification HLOS and to provide support to the wider industry and its supply chain going forward ATOC has been working with partners to develop a high-level rolling stock strategy. This approach has been welcomed and supported in the recent Command Paper as an important mechanism to support the delivery of improved value for money throughout the rail sector. In the shorter-term there is a need for a high-level overview of the likely requirements for rolling stock to support ongoing passenger growth as well as the opportunities emerging from the significant infrastructure enhancements that will be delivered during Control Period 5. This forecast is designed to support policy-makers through providing a view on future vehicle numbers ages types and the potential implications for costs going forward. This work will also help to guide suppliers and Government including the Cabinet Office and the Department of Business Innovation and Skills regarding the size and nature of the pipeline of future rolling stock construction potential for life extension and requirements for future re-engineering to meet technical and customer requirements. Many of the opportunities identified in this document will be unlocked through the outcome of franchise competitions. The large number of franchises going into the market over the next two years will provide much greater certainty and clarity going forward as bidders seek to deliver affordable and efficient solutions to meet the requirements of passengers and funders. This work builds on that undertaken by ATOC for the IIP1 and is designed as an early input into the proposed national rolling stock strategy outlined in Measure 3 of ATOC s Rolling Stock and Value for Money Discussion Paper dated December 2011. 1 Initial Industry Plan September 2011 Methodology To assess .

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