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Rodríguez-Sanz AAutor (correspondencia)Cost–Benefit Analysis of Investments in Air Traffic Management Infrastructures: A Behavioral Economics Approach
Publicado en:Aerospace. 10 (4): 383- - 2023-04-01 10(4), DOI: 10.3390/aerospace10040383
Autores: Rodríguez-Sanz, A; Andrada, LR
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Resumen
An important and challenging question for airport operators is the management of airport capacity and demand. Airport capacity depends on the available infrastructure, external factors, and operating procedures. Investments in Air Traffic Management (ATM) infrastructures mainly affect airside operations and include operational enhancements to improve the efficiency, reliability, and sustainability of airport operations. Therefore, they help increase capacity while limiting the impact on the airport infrastructure itself. By reviewing the neoclassical valuation principles for Cost–Benefit Analysis (CBA), we find that it does not consider relevant behavioral economic challenges to conventional analysis, particularly: failure of the expected utility hypotheses, dependence of valuations on reference points, and time inconsistency. These challenges are then incorporated through practical guidelines into the traditional welfare model to achieve a new methodology. We propose a novel CBA behavioral framework for investments in ATM infrastructures to help policy makers and airport operators when faced with a capacity development decision. This is complemented with a practical example to illustrate and test the applicability of the proposed model. The case study evaluates the deployment of Automatic Dependent Surveillance–Broadcast (ADS–B) as an investment aimed at improving ATM operational procedures in the airport environment by providing advanced ground surveillance data. This allows airport operators to discover the causes of taxi congestion and safety hotspots on the airport airside. The benefits of ADS–B are related to enhanced flight efficiency, reduced environmental impact, increased airport throughput, and improved operational predictability and flexibility, thus reducing waiting times. At the airport level, reducing the waiting times of aircraft on the ground would lead to a capacity release and a reduction in delays. The results show that, following a traditional CBA, the investment is clearly viable, with a strong economic return. Including behavioral notions allows us to propose a new evaluation framework that complements this conclusion with a model that also considers inconsistencies in time and risk perception. A positive Net Present Value can turn into a negative prospect valuation, if diminishing sensitivity and loss aversion are considered. This explains the reticent behavior of decision makers toward projects that require robust investments in the short-term, yet are slow to generate positive cash flows. Finally, we draw conclusions to inform policy makers about the effects of adopting a behavioral approach when evaluating ATM investments.
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Impacto bibliométrico. Análisis de la aportación y canal de difusión
El trabajo ha sido publicado en la revista Aerospace debido a la progresión y el buen impacto que ha alcanzado en los últimos años, según la agencia WoS (JCR), se ha convertido en una referencia en su campo. En el año de publicación del trabajo, 2023, se encontraba en la posición 14/52, consiguiendo con ello situarse como revista Q2 (Segundo Cuartil), en la categoría Engineering, Aerospace. Destacable, igualmente, el hecho de que la Revista está posicionada en el Cuartil Q2 para la agencia Scopus (SJR) en la categoría Aerospace Engineering.
Desde una perspectiva relativa, y atendiendo al indicador del impacto normalizado calculado a partir del Field Citation Ratio (FCR) de la fuente Dimensions, arroja un valor de: 1.36, lo que indica que, de manera comparada con trabajos en la misma disciplina y en el mismo año de publicación, lo ubica como trabajo citado por encima de la media. (fuente consultada: Dimensions Jul 2025)
De manera concreta y atendiendo a las diferentes agencias de indexación, el trabajo ha acumulado, hasta la fecha 2025-07-26, el siguiente número de citas:
- WoS: 2
- Scopus: 3
Impacto y visibilidad social
Análisis de liderazgo de los autores institucionales
Existe un liderazgo significativo ya que algunos de los autores pertenecientes a la institución aparecen como primer o último firmante, se puede apreciar en el detalle: Primer Autor (RODRIGUEZ SANZ, ALVARO) .
el autor responsable de establecer las labores de correspondencia ha sido RODRIGUEZ SANZ, ALVARO.