Abstract
Managing airport infrastructure is a complex process set an ever changing environment subject to political social and economic pressures. Operating effectively in such an environment requires a basic understanding of airport infrastructure, operation and economics. This section will examine aspects of airport change both physically, as in the planning of plant and infrastructure and economically as in the adjustment to privatisation. The importance of the Airport Master Plan is addressed and issues of upgrading airports are discussed. Similarly, aspects of revenue generation and expenditures are reviewed within airport management and support functions by means of a value chain. Finally, the negative impacts of airports, especially on the environment, are discussed in light of its economic benefit.
In summary, this section is intended to provide the reader with an overview of managing airport infrastructure and alert him or her to key issues and their effect on airport economics and long term survivability.
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Definition ‘Multiplier effect’: In economics, a Multiplier (M) is a factor of proportionality that measures how much an indigenous variable changes in response to a change in some exogenous variable (Upadhya 2009). In the cited case, the two variables are the issuing economy and the receiving economy. The effect of the currency spent in the new economy is often a ‘multiple’ of the actual exchange rates of the relevant currencies.
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Urfer, B., Weinert, R. (2011). Managing Airport Infrastructure. In: Wittmer, A., Bieger, T., Müller, R. (eds) Aviation Systems. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-20080-9_6
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DOI: https://doi.org/10.1007/978-3-642-20080-9_6
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