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TRB’s Airport Cooperative Research Program (ACRP) Web-Only Document 22: Passenger Value of Time, Benefit-Cost Analysis and Airport Capital Investment Decisions, Volume 1: Guidebook for Valuing User Time Savings in Airport Capital Investment Decision Analysis provides a method for airport owners and operators to determine how their customers value the travel time impacts of efficiency improvements.

The purpose of this research is to provide an up-to-date understanding of how recent airport developments, such as changes in security measures since 9/11, the proliferation of airside passenger amenities, and the adoption of new technology, have changed the way travelers value efficient air travel.

The report is accompanied by Volume 2: Final Report that summarizes the data collection methodology and Volume 3: Appendix A Background Research and Appendix B Stated Preference Survey.

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Suggested Citation

National Academies of Sciences, Engineering, and Medicine. 2015. Passenger Value of Time, Benefit-Cost Analysis and Airport Capital Investment Decisions, Volume 1: Guidebook for Valuing User Time Savings in Airport Capital Investment Decision Analysis. Washington, DC: The National Academies Press. https://doi.org/10.17226/22162.

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Publication Info

50 pages |  8.5 x 11 |  DOI: https://doi.org/10.17226/22162
Chapters skim
Report Contents 1-2
Preface and Overview 3-4
1 Introduction: Value of Time Definition and Use 5-9
2 Methodology for Valuing Aviation Travel Delay 10-18
3 Five-Step Process 19-31
4 Examples Illustrating Time Valuation 32-45
5 Conclusions and Recommendations 46-47
6 References 48-48

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