Scientific paper ID 2204 : 2022/4

In a market economy, the necessity of more efficient and effective economic activity management arises. As a result of the major alterations in the world economy, regarding the market’s organizational and management structure where a strong competition is formed. Any activity performed by the enterprises ought to be viewed through the prism of its effectiveness and competitiveness. This is related to constant surveillance and analysis of the market’s condition, and every company resolution should be based on large in volume technical, technological and economic information. That information must be complete, accurate, timely and reliable so that an adequate solution is made. This is of great importance for transport including railway transport due to its contribution to the connection between separate industries and enterprises. Moreover, it serves the settlements and the population by transporting them from and to their workplace, to their place of residence or rest.