Benefit–cost analysis (BCA) is widely used for airport investment analysis, for both ranking of alternatives and funding decisions. Although the technique is theoretically straightforward, its application can become complicated by a series of factors that are particularly problematic for aviation applications. For one, the requirement for ground access makes air travel intrinsically multimodal. In addition, the speed of air travel attracts classes of users and dependent parties with particular speed sensitivities and delay consequences. When BCA is applied to airport project proposals, it can raise issues of how to handle competing modes and intermodal interactions, and the definition of the real users and beneficiaries of airport improvements. To examine these issues, the authors compared benefit–cost guidance for airports with counterpart guidance for other travel modes and conducted a review of the current state of practice of benefit–cost studies for airport improvements. The findings point to challenges for improving methods of airport BCA.


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    Title :

    Applying Benefit–Cost Analysis for Airport Improvements


    Subtitle :

    Challenges in a Multimodal World


    Additional title:

    Transportation Research Record


    Contributors:


    Publication date :

    2010-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English