“…1) non-uniform BT degradation results in a higher rate of rail wear/ defects; 2) maintenance of track activities include tamping, adding ballast every 15 MGT (million gross tons per year), surfacing and alignment, subgrade improvement, tie replacement (60−100 sleepers per mile per year), and rail replacement (after 3−5 years on heavy haul lines); 3) Annual Maintenance Costs (AMC) of ballastless tracks usually range from 75% to 90% than the ones for BT; maintenance activities result in a short life cycle (1−5 years) and maintenance frequencies are affected by failure patterns and repair methods adopted (mean times to restore services (MTRS) and mean time among failures (MTBF)) (Smith, 2005)); 4) marginal railway track renewal costs, calculated as a change in present values of renewal costs from premature renewal following increased traffic volumes, are estimated to approximately 0.002 EUR/GTkm (Andersson, Björklund, & Haraldsson, 2016); 5) costs of maintenance activities mainly depend on speed and traffic (Baumgartner, 2001;Silavong, Guiraud, & Brunel, 2014;Thompson, 1986); expenditures for maintenance, occurring at certain times, is distributed annually. In this study, based on the literature and data gathered, the following Eq.…”