Economic Values for Evaluation of Federal Aviation Administration Investment and Regulatory Programs,
Abstract
Drawing on economic theory, empirical investigations and data from government, private and academic literature, this report updates economic values commonly used by the Federal Aviation Administration in the evaluation of investment and regulatory programs. These values, commonly referred to as 'critical values', provide the basis upon which the effectiveness of the aviation system or changes therein may be denominted and assessed in monetary terms. The critical values updated in this report include the value of time of air travelers, the value of a statistical life, unit costs of statistical aviation injuries, unit replacement and restoration costs of damaged aircraft, and aircraft variable operating costs. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1981
- Accession Number
- ADA118255
Entities
People
- Ward L. Keech
Organizations
- Federal Aviation Administration