Estimating the marginal costs of airport operation using multivariate time series models with correlated error terms

Autor:	Veli Himanen, Wolfgang Götze, Heike Link
Rok vydání:	2009
Předmět:	Marginal cost Multivariate statistics Multivariate analysis Series (mathematics) Mathematical model Estimation theory Strategy and Management Time series approach ComputerApplications_COMPUTERSINOTHERSYSTEMS Transportation Management Monitoring Policy and Law Econometrics Economics Time series Law
Zdroj:	Journal of Air Transport Management. 15:41-46
ISSN:	0969-6997
DOI:	10.1016/j.jairtraman.2008.07.003
Popis:	This paper explores insights about marginal airport costs that can be gained by analysing labour inputs and their variability. Based on hourly cost and traffic data for the airport of Helsinki, a multivariate time series approach is used incorporating correlated error terms to account for random shocks such as delays. We found for most airport services a linear relationship between labour input and aircraft movements, except for producing passenger services for international departing flights where a cubic cost relationship was estimated. The findings are comparable with earlier studies for US airports.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::de2fd5345e557eca0dadfd4a7ed03e35 https://doi.org/10.1016/j.jairtraman.2008.07.003 Zobrazit plný text záznamu Full Text from ScienceDirect