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Accession Number
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PB2012-114262
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Title
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Guidebook for Evaluating Fuel Purchasing Strategies for Public Transit Agencies.
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Publication Date
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2012
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Media Count
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136p
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Personal Author
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D. Friedman K. DeCorla-Souza
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Abstract
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This is a guidebook for public transit agency professionals on how to identify and evaluate risks and uncertainties with respect to fuel prices, and describes tools and techniques for minimizing the impact of these uncertainties over time. This guidebook introduces the concept of fuel price risk management to public transit agencies, identifying alternative purchasing strategies and outlining steps necessary to implement an effective risk management program. It defines and evaluates alternative cost-effective fuel purchasing strategies designed to benefit public transportation agencies of varying sizes, and it provides a management framework to assist transit agencies through the fuel purchasing process. While using this guidebook, it is important to recognize that risk management is distinct from removal of risk. It does not assure the lowest fuel prices; rather, it seeks to control the impact of price swings on overall transit system operating budgets.
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Keywords
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Alternative fuels
Budgets
Cost effectiveness
Evaluation
Finance
Fuels
Prices
Public transit agencies
Public transportation
Risk management
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Source Agency
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Federal Transit Administration
National Academy of Science Transportation Research Board
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NTIS Subject Category
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91B - Transportation & Traffic Planning
43G - Transportation
85H - Road Transportation
97K - Fuels
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Corporate Author
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Science Applications International Corp., McLean, VA.
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Document Type
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Technical report
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Title Note
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N/A
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NTIS Issue Number
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1225
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Contract Number
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N/A
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