Methodology
The methodology used in railway costing breaks down the costs of rail traffic to their unit value and from there determines their relationship to traffic handled and service provided. Therefore, as traffic and services change, the effect of these changes can be estimated from the unit values previously determined. The costing model methodology allows for variable costs to increase as traffic increases, whereas the fixed costs will remain constant, regardless of the overall level of traffic.
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Famous quotes containing the word methodology:
“One might get the impression that I recommend a new methodology which replaces induction by counterinduction and uses a multiplicity of theories, metaphysical views, fairy tales, instead of the customary pair theory/observation. This impression would certainly be mistaken. My intention is not to replace one set of general rules by another such set: my intention is rather to convince the reader that all methodologies, even the most obvious ones, have their limits.”
—Paul Feyerabend (1924–1994)