Airport capacity extension, fleet investment, and optimal aircraft scheduling in a multilevel market model: quantifying the costs of imperfect markets

HIGHLIGHTS

  • who: Stefano Coniglio from the Department of Mathematical Sciences, University of Southampton, Southampton, United Kingdom have published the article: Airport capacity extension, fleet investment, and optimal aircraft scheduling in a multilevel market model: quantifying the costs of imperfect markets, in the Journal: (JOURNAL)
  • what: The authors compare the trilevel model to an integrated single-level (benchmark) model in which investments scheduling and market-clearing decisions are simultaneously taken by a welfare-maximizing social planner. The aim of this paper is to introduce a new model capable of providing valuable information on how to make optimal . . .

     

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