This paper proposes a dynamic strategy for developing the multi-airport systems needed for large metropolitan regions. It is based upon two fundamental factors: the pattern of concentration of airline traffic at specific airports, impelled by the dynamics of the competition amongst airlines and...

Transmission investments are currently needed to meet an increasing electricity demand while enhancing security of supply, promoting competition, and integrating renewable energy. A key issue when assessing the benefits from an expanded grid concerns the valuation of the uncertain cash flows...

This article discusses the fundamental design difficulties of the fully automated baggage system originally planned for the New Denver Airport, and their implications for airport and airline management. Theory, industrial experience, and the reality at Denver emphasize the difficulty of...

Purpose – The purpose of this paper is to demonstrate the potential value of significant vertical phasing – that is, the addition of five or more stories to an existing building – as a valuable real option in real estate development, in particular for corporate real estate strategy....

Investments decisions for airport capacity expansion are usually taken, either when demand exceeds the current capacity and the airport is working under congestion, or when current demand is expected to overcome current capacity sometime in the near future. In any case, decisions are taken...