The purpose of this model is to:a) Calculate the annual historical increase in costs faced by drivers and operators of taxis via the urban and country taxi cost index.b) Adjust the index weightings to ensure that the index reflects the costs faced
This paper provides a brief overview of our objectives in this review, gives some definitions andexplanations of key concepts, and explains our criteria for assessing the treatment of cost items and inflators in the index
The main purpose of this year’s annual review is to reweight the Taxi Cost Indices (TCIs) so that it resembles the structure of costs faced by the industry as closely as possible.
The private ferry cost index model is used by the Tribunal to measure the change in the costs of providing private ferry services over the course of the year.