EVALUATION OF FAA'S ECONOMIC ANALYSIS GUIDE

FAA's 1982 "Economic Analysis of Investment and Regulatory Decisions--A Guide" was reviewed for its effectiveness in determining the economic desirability of aviation-related project investment and regulatory alternatives. The FAA Guide was found to be excellent because it is (a) a comprehensive tool for analyzing investment and regulatory alternatives, (b) based on sound transportation economic concepts, (c) direct in approach, (d) easily understood, (e) well organized, and (f) not likely to become outdated because updating procedures are provided. Major weaknesses are (a) unavailability of important references that are cited, (b) lack of examples to assist users' understanding, and (c) reliance on potentially numerous hand calculations. The FAA Guide recommends the treatment of intangible and quantifiable nonuser benefits and costs in the benefit-cost analysis; the reviewer, however, recommends that the benefit-cost analysis include only quantifiable aviation user benefits and project or regulatory costs.

• Record URL:
  • http://onlinepubs.trb.org/Onlinepubs/trr/1984/984/984-002.pdf
• Summary URL:
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• Supplemental Notes:
  • Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved. Publication of this paper sponsored by Committee on Application of Economic Analysis to Transportation Problems.
• Authors:
  • McLeod, Douglas S
• Publication Date: 1984

Media Info

• Media Type: Print
• Features: Figures; References;
• Pagination: pp 6-11
• Monograph Title: Economic analysis of transportation investments and economic development
• Serial:
  • Transportation Research Record
  • Issue Number: 984
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Air transportation; Benefit cost analysis; Economic analysis; Investments; Regulations; Reviews
• Subject Areas: Aviation; Economics; Highways; Law; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00399865
• Record Type: Publication
• ISBN: 0309037689
• Files: TRIS, TRB
• Created Date: Feb 28 1986 12:00AM