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Passenger Value of Time, Benefit-Cost Analysis, and Airport Capital Investment Decisions
The objective of this research is to prepare a guidebook that assists airport planners, managers, and operators in using benefit-cost analysis and other analytical techniques to make airport capital investment decisions. Specific attention should be focused on improving the measurement of critical values that document benefits, especially the valuation of airline passengers time, while identifying additional measures that could be used to improve the decision-making process.
