Benefit-cost Analysis of Airside Improvements
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Total Pages | : |
Release | : 2003 |
Genre | : Airports |
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Release | : 2003 |
Genre | : Airports |
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Author | : Steven Richard Landau |
Publisher | : Transportation Research Board |
Total Pages | : 78 |
Release | : 2009 |
Genre | : Airports |
ISBN | : 0309098378 |
Benefit-Cost Analysis (BCA) aids in making capital investment decisions by determining whether the benefits of a proposed action justify its costs. This synthesis, Effective Practices for Preparing Airport Improvement Program Benefit-Cost Analysis, defines and describes benefit assessment techniques used by airports as well as other modes, highlights best practices, and identifies inconsistencies of how benefits are calculated and where there is confusion in the benefit-cost guidance published by the FAA. The project focused on a review of benefit-cost literature, including benefit-cost analyses submitted to the FAA, and structured interviews with airport managers and other applicants, consultants who prepared BCA studies, and FAA staff. BCA is a tool to aid agencies in project selection and prioritization. At its core, it is a computational tool to determine whether an investment will generate benefits that will exceed its costs. This analysis is accomplished by expressing all current and future benefits and costs on an equivalent basis, which is their present value (PV). A project is economically efficient if it has a positive Net Present Value (calculated as the PV of benefits minus the PV of costs), and hence also a Benefit-Cost Ratio exceeding one.
Author | : John M. Rodgers |
Publisher | : |
Total Pages | : 99 |
Release | : 1986 |
Genre | : Airports |
ISBN | : |
This report assesses the major benefits and costs of airside capital and planning investments in the U.S. public airport system. The assessment centers on the Airport Improvement Program (AIP), the current federal airport grant program, but the findings and conclusions are also applicable to airport projects funded by other sources -- e.g., non-AIP state and local funding. An estimate is made of the major airside life-cycle benefits that have accrued and that are expected to accrue from capital and planning investments made under the AIP from FY 1982 through FY1985 inclusively and their attendant life-cycle operations and maintenance costs. Because not all types of benefits are quantified, the study should be considered conservative in that it probably understates total investment impact. Benefits consist of improved airport safety, preservation of airport capacity, environmental protection and economic development. Costs consists of capital and planning investments and the attendant life-cycle operations and maintenance costs. The life-cycle benefits quantified total $25.28 billion (1985 dollars at 1985 discounted present value). Comparing this with the corresponding life-cycle costs of $6.32 billion yields a benefit/cost ratio of 4.00 to 1.
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Total Pages | : 470 |
Release | : 2002 |
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Total Pages | : 422 |
Release | : 2005 |
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Author | : Laura E. Baker |
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Total Pages | : 370 |
Release | : 1978 |
Genre | : Transportation |
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Total Pages | : 564 |
Release | : 2004 |
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Author | : United States. Congress. House. Committee on Appropriations. Subcommittee on Department of Transportation and Related Agencies Appropriations |
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Total Pages | : 1062 |
Release | : 1995 |
Genre | : Government publications |
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Author | : United States. Congress. Senate. Committee on Appropriations. Subcommittee on Transportation and Related Agencies |
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Total Pages | : 996 |
Release | : 1999 |
Genre | : Political Science |
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Total Pages | : 708 |
Release | : 1997 |
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