Impact of jet fuel price uncertainty on airport planning and development
By: William Spitz, Frank Berardino
Contributors: Berardino, Frank; National Research Council (U.S.). Transportation Research Board; Airport Cooperative Research Program; United States. Federal Aviation Administration
Series: ACRP report -- 48; ACRP report -- 48.
Publisher: Transportation Research Board
Published: 2011
Place of publication: Washington, D.C
Language: eng
Number of pages: 61
ISBN-13: 9780309155502
Subjects: Fuel; Planning; Airports; Prices; Jet planes; Aviation fuels
Other titles: Jet fuel price uncertainty; Airport forecasting risk assessment program for ACRP report 48.
Description: TRB's Airport Cooperative Research Program (ACRP) Report 48: Impact of Jet Fuel Price Uncertainty on Airport Planning and Development is designed to help airport operators and planners measure the impact of changes in jet fuel price on supply and demand for air service at commercial service airports.     The report includes background research; a computer model, available online and in CD ROM format attached to the printed version of the report; and a user manual. Please note that macros must be enabled in the Microsoft Excel file for the program to run.     The output of the model can ultimately be used to help evaluate the impact of uncertainty on airport development and finance. Applying specific input parameters, the model, embedded in a user-friendly program, allows airport planners and managers to assess how fuel, economic, and other uncertainties may affect their particular airport and to test the sensitivity of varying assumptions about key drivers of airport activity.     The supporting research examines historical changes in fuel prices in the context of changing economic conditions and uses this experience to assess risk in adhering to existing air traffic forecasts when planning future airport improvements or expansion. The model illustrates risk using confidence bands that indicate a range of forecasts as a function of changing jet fuel prices and other factors. The research also examines the historic link between changes in jet fuel prices in relation to periodic occurrence of recessions and how changing demand may, in turn, result in changes in fleet composition and size.
Notes: At head of title: Airport Cooperative Research Program.

"Research sponsored by the Federal Aviation Administration."

Accompanying CD-ROM has title: Airport forecasting risk assessment program for ACRP report 48

"CRP-CD-93"--CD-ROM number.

Includes bibliographical references (p. 36).

Performed under ACRP project no. 03-15.
Table of contents: title: Part 1. Background Research; title: Summary; title: Ch. 1. Introduction; title: Ch. 2. Project Overview and Motivation; title: Ch. 3. Statistical Model Development; title: Ch. 4. Software Approach and Design; title: Ch. 5. Areas for Future Research; title: Part 2. Documentation for Airport Forecasting Risk Assessment Program; title: Software Quick Start; title: Software User Manual.