Sensitivity analysis of suspension elements of an articulated bogie for light railway vehicles is presented. The ride, stability and safety are used as dynamic performance indices. Suspension elements of 10 and a conicity of wheel are used as design variables. To analyze sensitivity of design variables. the railway vehicle dynamics analysis program AGEM is used. The results show that the secondary suspension elements have a strong effect on ride and the primary suspension elements have a moderate effect on ride. Conicity of wheel has a strong effect on the stability. The safety is not effected by all the design variables.