2023
DOI: 10.3390/aerospace10040383
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Cost–Benefit Analysis of Investments in Air Traffic Management Infrastructures: A Behavioral Economics Approach

Abstract: An important and challenging question for airport operators is the management of airport capacity and demand. Airport capacity depends on the available infrastructure, external factors, and operating procedures. Investments in Air Traffic Management (ATM) infrastructures mainly affect airside operations and include operational enhancements to improve the efficiency, reliability, and sustainability of airport operations. Therefore, they help increase capacity while limiting the impact on the airport infrastruct… Show more

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Cited by 2 publications
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“…This time lag presents challenges to airport capacity planners and introduces a complex dynamic behavior of development and investment, creating a demand for more flexible solutions (Kwakkel et al , 2012). It also highlights the problem of risk aversion among airport operators and, more generally, the problem of how expectations are formed regarding the likely investment return (Rodríguez-Sanz and Rubio-Andrada, 2023). “Soft” management relates to strategic planning or tactical adjustments and aims to control demand by improving the pricing and/or allocating mechanisms of airport capacity (Gillen et al , 2016).…”
Section: Introduction: Importance Of Adjusting Airport Capacity To Ex...mentioning
confidence: 99%
“…This time lag presents challenges to airport capacity planners and introduces a complex dynamic behavior of development and investment, creating a demand for more flexible solutions (Kwakkel et al , 2012). It also highlights the problem of risk aversion among airport operators and, more generally, the problem of how expectations are formed regarding the likely investment return (Rodríguez-Sanz and Rubio-Andrada, 2023). “Soft” management relates to strategic planning or tactical adjustments and aims to control demand by improving the pricing and/or allocating mechanisms of airport capacity (Gillen et al , 2016).…”
Section: Introduction: Importance Of Adjusting Airport Capacity To Ex...mentioning
confidence: 99%