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.
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.
Chapters | skim | |
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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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