As the FAA forecasts air traffic growth for U.S. carriers to increase (by 90% in revenue passenger miles and by 50% in the number of handled aircraft) over the next 20 years, airports consequently will be subjected to problems associated with substantially increased levels of demand. One component of the solution is expected to come from further investments in improvements to airport infrastructure. Given current fiscal constraints, the inherent network structure of the National Airspace System, and the fact that delays and congestions propagate throughout the system, would it be more efficient for capital investments to be made in an integrated and intelligent fashion—one that serves to maximize the productivity of the entire system—rather than on an airport-by-airport basis? Therefore, the goals of this research were to understand current airport interactions and to provide a framework for quantifying how interactions spread throughout the network. These insights were uncovered by exploiting the network structure of the National Airspace System in the framework of spatial econometric modeling. The data necessary to determine these relationships came from multiple sources: the Bureau of Transportation Statistics Schedule T-100 data on origin–destination pairs provided dynamic measures of connectivity, while FAA data on airport investments provided the necessary information to determine infrastructure investment patterns.


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    Title :

    Airport Infrastructure Investment


    Subtitle :

    Strategic Interaction or Strategic Allocation?


    Additional title:

    Transportation Research Record


    Contributors:


    Publication date :

    2015-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English



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