The hidden cost of uncertainty for airspace users

G Gurtner, A Cook - Journal of Air Transport Management, 2021 - Elsevier
This article highlights the importance of uncertainty in day-to-day operations, and the need
to take it into account to properly assess the cost of delay for airspace users. It defines a cost
of uncertainty and estimates it using real data. It provides some easily computable models
based on the average and standard deviation of delay to estimate the cost of delay in
general. The article shows that uncertainty is also important in the formulation of buffers for
airlines and provides a simple model to estimate the optimal assignment, further using real …

The hidden cost of uncertainty for airspace users

A Cook - Journal of Air Transport Management, 2021 - econpapers.repec.org
This article highlights the importance of uncertainty in day-to-day operations, and the need
to take it into account to properly assess the cost of delay for airspace users. It defines a cost
of uncertainty and estimates it using real data. It provides some easily computable models
based on the average and standard deviation of delay to estimate the cost of delay in
general. The article shows that uncertainty is also important in the formulation of buffers for
airlines and provides a simple model to estimate the optimal assignment, further using real …
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