Decision Support for Port Investments: A Real Options Approach

Expansions for future demand? How much capacity will be required? Until when the decision can be postponed? When to expand? What should be the magnitude of expansion? What is the position of such an investment? These are the kind of questions which a port authority is subjected to while making a decision to expand or develop a port. The decision...

Modeling the Dynamics of Propagated Flight Delay: A case study of the United States National Aviation System

The air transportation industry is becoming of greater importance to the world’s economy, since a growing part of the global population is able to afford air travel. However, the current network is limited in its’ capacity and therefore, more and more delay is experienced within daily operations. Research has shown that flightdelays have a high...