Development and Application of Methodological Framework for Evaluating the Cost-Effectiveness of an Air Traffic Management System for Europe

Zografos, Konstantinos and Giannouli, Ioanna M. (2001) Development and Application of Methodological Framework for Evaluating the Cost-Effectiveness of an Air Traffic Management System for Europe. Transportation Research Record, 1744. pp. 52-64. ISSN 0361-1981

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Abstract

In response to growing air transport congestion, new air traffic management (ATM) concepts have been put forward to ameliorate existing problems. By their nature, ATM systems are highly complex, and their development and implementation require substantial financial resources. Moreover, the introduction of a new ATM system generates tangible as well as intangible benefits and costs. Therefore, a methodological framework capable of addressing all specific characteristics of the ATM system cost-effectiveness evaluation should be developed. The objective of this paper is twofold: first, to develop a methodological framework for evaluating the TORCH system (i.e., a new ATM concept for Europe), and second, to present the results of the application of the proposed framework for assessing the cost-effectiveness of the TORCH system. The proposed methodology was applied with the help of a panel of European ATM experts. The application results are intuitively appealing and indicate a strong convergence of the expert opinions concerning the most preferable ATM system. More specifically, the results of the evaluation suggest that an investment in TORCH will improve the safety, operational, and environmental performance of the ATM system as well as the working conditions of the air traffic controllers, and at the same time, the TORCH system will be marginally cost-effective.

Item Type: Journal Article
Journal or Publication Title: Transportation Research Record
Uncontrolled Keywords: /dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
Departments: Lancaster University Management School > Management Science
ID Code: 86461
Deposited By: ep_importer_pure
Deposited On: 26 May 2017 12:14
Refereed?: Yes
Published?: Published
Last Modified: 01 Jan 2020 10:21
URI: https://eprints.lancs.ac.uk/id/eprint/86461

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