Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports
2019

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TRB's Airport Cooperative Research Program (ACRP) Research Report 199: Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports provides information on how to apply benefit–cost analysis tools and techniques to improve decision making affecting resilience of airport infrastructure projects in response to potential long-term impacts of climate change and extreme weather events.

The handbook is designed to improve the process by which infrastructure investment strategies are evaluated, with an emphasis on ensuring climate-related resiliency.

Procedures for presenting assumptions and results transparently and for implementing the process are also included so that industry users and decision makers can understand and communicate the outcome of the analytical process.

Based on data availability, the analytical methods included in the handbook focus on two specific areas of climate change likely to affect airports (although these methods can, in principle, be used more widely): (1) the potential for extreme flooding events resulting from storm surge and sea level rise near coastal airports, and (2) the potential for rising temperatures that require weight restrictions on aircraft takeoffs (or possibly full flight delays) at airports with shorter runways in warm climates or at high elevations.

The results available from application of the suggested methodologies do not necessarily make the decision of whether to invest in a mitigation project to combat climate change any easier but, rather, provide a full range of potential outcomes and possibilities for airport planners and managers to consider. Using this methodology, airport decision makers can then determine how much risk from uncertain climate change and extreme weather events they are willing or able to accommodate. Implementation of the methods presented in the handbook can be used to obtain essential quantifiable estimates of those risks, which is of particular value to airport financial professionals.

The handbook is accompanied by a set of Microsoft Excel models to support the decision-making process (one for extreme water rise causing potential flooding events, and the other for high temperatures that may affect weight restrictions on aircraft takeoffs), a video tutorial, a report summary document, and an executive briefing to help decision makers understand the process.

Additional materials

High Temp Analysis Tool
Tutorial for Extreme Water Analysis
Report Summary
Executive Briefing Document
Extreme Water Analysis Tool

Publication information

160 pages · 8.5 x 11 · paperback
ISBN Paperback: 0-309-48045-0
ISBN Ebook: 0-309-49472-9
DOI: https://doi.org/10.17226/25497

Suggested citation

National Academies of Sciences, Engineering, and Medicine. 2019. Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports. Washington, DC: The National Academies Press.

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Front Matter i-viii
Summary 1-6
Chapter 1 - Introduction 7-11
Chapter 2 - Evaluation Methods Under Risk and Uncertainty 12-28
Chapter 3 - State-of-the-Art Climate Measures 29-33
Chapter 4 - Potential Airport Impacts 34-39
Chapter 5 - Responses and Adaptations 40-46
Chapter 6 - Other Relevant Topics for Airports Addressing Climate Change 47-54
Chapter 7 - Case Studies 55-61
Chapter 8 - Study Limitations and Recommendations for Future Research 62-63
Appendix A - Institutional Background: Existing Airport Resources and Plans 64-76
Appendix B - Other Climate Risk Evaluation Approaches 77-78
Appendix C - Monte Carlo Simulation and Value-at-Risk Analysis 79-82
Appendix D - Accessing Available Climate Projections 83-88
Appendix E - Microsoft Excel Templates 89-102
Appendix F - Climate Risk and Mitigation Numerical Examples 103-112
Appendix G - FAA Guidance on Benefit Cost Analysis 113-118
Appendix H - Case Study Details 119-131
Appendix I - Potential Climate Change Effects and Illustrative Responses for Airports 132-136
Bibliography Keyed to Major Topics 137-139
Glossary 140-143
References 144-146
Endnotes 147-152

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Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports (2019)

Chapter: Appendix C - Monte Carlo Simulation and Value-at-Risk Analysis

Additional materials

Publication information

Suggested citation

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Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports (2019)

Chapter: Appendix C - Monte Carlo Simulation and Value-at-Risk Analysis