01594398

Component

https://doi.org/10.3141/2569-03

This paper investigates how the value of airline passenger time varies by trip component and how the calculation of value of time can be related to capital investments specific to each component. Travel time is often a significant consideration in benefit–cost analysis for airport projects. The empirical results reported in this paper are based on a stated preference survey and subsequent model estimation. The survey used two conjoint exercises—one related to airport ground access and in-airport time components and a second covering attributes related to the flight itinerary. It was found that values of time differ by trip segment and travelers’ trip purpose.

01594374

16-4101

English

pp 24–31

2016

Transportation Research Record: Journal of the Transportation Research Board

9780309369718

Print

Figures (1) ; References (25) ; Tables (5)

Air travel; Capital investments; Passengers; Stated preferences; Trip purpose; Value of time

Aviation; Economics; Planning and Forecasting

PRP, TRIS, TRB, ATRI

Jan 12 2016 5:48PM

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