Benefits of Airport Simulation
The financial benefits of simulation are difficult to estimate in advance, as the optimization potential and potential planning errors only become apparent after a simulation study. Simulation acts as a kind of insurance that pays off through cost savings or increased utilization of the system in case of planning errors or identified optimization potential
The Association of German Engineers (VDI) estimates in guideline 3633 that the effort for simulation is 0.5-1% and the benefit is 2-4% of the relevant investment sum. The cost-benefit ratio is between 1:6 and 1:10
These figures are based on experiences gathered in representative simulation studies. In many cases, the benefit of simulation can be significantly higher. A cost-benefit ratio of 1:10 to 1:100 is not uncommon for very expensive system components such as terminal buildings, airside elements as runways, taxiways or aprons, or new technical systems and devices as ground handling equipment and new transport technologies. Operational benefits from reduced delays, flight and taxi-times quickly reach millions and especially on the airside can reduce environmental impact by saving thousands of tons of fuel and emissions.
A market study conducted by the management consultancy McKinsey & Company, Inc. on the use of modern information technologies showed that successful companies use simulation more often than average.
With this glossary we would like to give short, basic explanations and definitions for important and frequently used terms in the fields of Analysis, Runway and Terminal Capacity Assessment and Airport Simulation/Allocation. These are based on our experience of practical application in the industry. We would be happy to provide you with more detailed definitions and further explanations. Please feel free to contact us.