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Long-term evolution of airport networks: Optimization model and its application to the United States |
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| Institution: | 1. Department of Business Administration, Hong Kong Shue Yan University, Brae-mar Hill Road, North Point, Hong Kong;2. Business School, Collaborative Innovation Centre for State-owned Assets Administration, Beijing Technology and Business University. No. 33 of Fucheng Road, Haidian District, Beijing 100084, China |
| Abstract: | In this article, we introduce an optimization model aimed to assist aviation authorities in their strategic decisions regarding the long-term expansion of a network of airports. The objective is to maximize total system throughput for a given budget taking into account the capacity of the airports and the impact of travel costs upon demand. The results that can be obtained through the application of the model are first illustrated for a hypothetical small-size network and then in a study regarding the evolution of the network of the principal airports of the United States. |
| Keywords: | Airports Capacity expansion Air transportation Optimization model United States |
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