SELECTION OF OPTIMAL POLICIES FOR AIRPORT PROJECTS.

This study describes a procedure for the evaluation and choice of new airport projects (or upgrading of existing ones) when different alternatives are proposed for each airport component and when a budget is set for the whole project. Some major objectives which are important to the different groups concerned with airports are identified and considered in the analysis. A multiobjective investment planning model is set up and a computer program is developed by the authors to carry out the analysis. The program is applied to rank the various airport proposals according to their overall effectiveness in satisfying the objectives.