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Seuring, Stefan |
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Nor Azizi, S. |
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Pato, Margarida Vaz |
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Kölker, Katrin |
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Huber, Oliver |
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Király, Tamás |
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Spengler, Thomas Stefan |
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Al-Ammar, Essam A. |
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Dargahi, Fatemeh |
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Mota, Rui |
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Mazalan, Nurul Aliah Amirah |
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Macharis, Cathy | Brussels |
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Arunasari, Yova Tri |
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Nunez, Alfredo | Delft |
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Bouhorma, Mohammed |
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Bonato, Matteo |
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Fitriani, Ira |
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Autor Correspondente Coelho, Sílvia. |
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Pond, Stephen |
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Okwara, Ukoha Kalu |
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Toufigh, Vahid |
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Campisi, Tiziana | Enna |
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Ermolieva, Tatiana |
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Sánchez-Cambronero, Santos |
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Agzamov, Akhror |
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Graham, Anne
University of Westminster
in Cooperation with on an Cooperation-Score of 37%
Topics
Publications (8/8 displayed)
- 2023Economic Regulation of Airports in the United Kingdom
- 2022Ageing passenger perceptions of ground access journeys to airports: a survey of UK residentscitations
- 2022Ageing passenger perceptions of ground access journeys to airports: A survey of UK residentscitations
- 2020Air Transport and Regional Development Policies
- 2020Air Transport and Regional Development Case Studies
- 2020Air Transport and Regional Development Methodologies
- 2018The economic value of additional airport departure capacitycitations
- 2016Air transport liberalisation and airline network dynamics: Investigating the complex relationshipscitations
Places of action
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article
The economic value of additional airport departure capacity
Abstract
This article presents a model for the economic value of extra capacity at an airport. The model is based on a series of functional relationships linking the benefits of extra capacity and the associated costs. It takes into account the cost of delay for airlines and its indirect consequences on the airport, through the loss or gain of aeronautical and non-aeronautical revenues. The model is highly data-driven and to this end a number of data sources have been used. In particular, special care has been used to take into account the full distribution of delay at the airports rather than its average only. The results with the simple version of the model show the existence of a unique maximum for the operating profit of the airport in terms of capacity. The position of this maximum is clearly dependent on the airport and also has an interesting behaviour with the average number of passenger per aircraft at the airport and the predictability of the flight departure times. In addition, we also show that there exists an important trade-off between an increased predictability and the punctuality at the airport. Finally, it is shown that a more complex behavioural model for passengers can introduce several local maxima in the airport profit and thusdrive the airport towards suboptimal decisions.
Topics
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