The allocation of runway slots at the high-density airports by means of an auction is studied. Previous approaches to slot auctions have not allowed for the interdependency of slot values to the air carriers--a single slot for a landing of an aircraft is likely to be of little value without a corresponding slot for a subsequent take-off of that aircraft. A Slot Exchange Auction is designed, its theoretical properties and practical implementation discussed. It is shown to allow the slot market to reach an efficient equilibrium under competitive conditions. The Airline Management Game is used to create a simulation test of the Slot Exchange Auction and its associated continuous market, the slot exchange. (Author)


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    Title :

    The Allocation of Runway Slots by Auction. Volume I. Executive Summary


    Contributors:
    F. M. Sand (author) / M. L. Balinski (author)

    Publication date :

    1980


    Size :

    50 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English






    Value of Runway Time Slots for Airlines

    Cao, J.-M. / Kanafani, A. / International Federation of Operational Research Societies; Airline Group | British Library Conference Proceedings | 1997