Benefit–Cost Analyses Guidebook for Airport Stormwater (2019) / Chapter Skim
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1 Airport stormwater management and its infrastructure are a critical component of safe aviation and landside operations. The prevention of flooding ensures that aircraft can safely taxi, take off, and land and that ground service equipment and other vehicles can support airside operations during all weather conditions.
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2 Benefit–Cost Analyses Guidebook for Airport Stormwater The extent to which each airport can develop detailed and comprehensive inputs to a BCA will depend primarily on the airport's available resources and access to data (e.g., monetary benefits and costs)
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Introduction 3 These opportunity costs should be included in a BCA. The monetary value of costs such as the cost of labor and capital can often be measured.
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4 Benefit–Cost Analyses Guidebook for Airport Stormwater The monetary value of benefits and costs are estimated for each year of a project over a set time period known as the "term of the analysis." The term of the analysis usually corresponds to the expected useful life of an infrastructure improvement. The comparison of benefits and costs can be done with one of several metrics.
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Introduction 5 and operating costs)
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6 Benefit–Cost Analyses Guidebook for Airport Stormwater This approach can account for externalities (benefits and costs not borne by the airport) that the traditional BCA method does not.
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Introduction 7 Additional reference materials can be found in the reference section, which also includes citations for several tools airports may be able to use to identify and monetize costs in a BCA. Appendix A provides a more detailed primer on BCA methods and metrics.
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8 Benefit–Cost Analyses Guidebook for Airport Stormwater a checklist for each step of the BCA process and a corresponding section of the guidebook where more information can be found regarding each step. 1.4 Introduction to Bayside Airport Our fictitious airport is Bayside Airport (BAY)
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