TRB Webinar: Passenger Value of Time, BCA, and Airport Capital Investment Decisions

September 13, 2018 02:00 PM - 03:30 PM U.S. Eastern
Cost (for your seat)
Professional Development Hours for this webinar
0.0 hour(s)
Continuing Education Hours for this webinar
AAE: 1.5 hour(s)
AICP: 1.5 hour(s)
CLE: 0.0 hour(s)

TRB will conduct a webinar on Thursday, September 13, 2018, from 2:00 PM to 3:30 PM ET that features research from the Airport Cooperative Research Program (ACRP)’s Web-Only Document 22: Passenger Value of Time, Benefit-Cost Analysis, and Airport Capital Investment Decisions. The webinar will focus on Volume 1: Guidebook for Valuing User Time Savings in Airport Capital Investment Decision Analysis. The report is accompanied by Volume 2: Final Report that summarizes the data collection methodology and Volume 3: Appendix A Background Research and Appendix B Stated Preference Survey.

Researchers developed a method for airport owners and operators to determine how their customers value the travel time impacts of efficiency improvements. This webinar will explain how values of time are different according to the impacted trip segment and how they may be incorporated into a benefit-cost analysis (BCA) in order to compare different proposed capital investment projects. The presenters will also discuss how to dissect and reassemble passenger values of time based on the types of projects and the affected trip segment.

This webinar is sponsored by the Airport Cooperative Research Program. There is no fee to attend this webinar; however, sign into to view registration information.

Webinar Presenters

  • Steven Landau, Economic Development Research Group, Inc.
  • Geoffrey Gosling, Aviation System Consulting, LLC
  • Glen Weisbrod, Economic Development Research Group, Inc.

Moderated by:  Jeffrey Cohen, University of Connecticut

Webinar Outline ‚Äč

  1. How travelers value time
  2. Methodology for valuing aviation travel delay
  3. Analytical and practical outcomes
  4. Lessons learned on how to strengthen research for the future
  5. Question and answer session

The first 60 minutes of the webinar will be for presentations and the final 30 minutes will be reserved for audience questions.

Learning Objectives

At the end of this webinar, participants will able to:

  • Describe how values of time vary by which segments of a trip are impacted by specific capital improvement projects
  • Understand how to value time for business and personal travelers
  • Understand how to incorporate value of time into a BCA

Continuing Education Units for Accredited Airport Executives

The American Association of Airport Executives (AAAE) is making 1.5 Continuing Education Units (CEUs) available for A.A.E. If you are an A.A.E. and would like to apply for CEUs for this webinar, visit For questions about A.A.E. continuing education units, please contact

American Institute of Certified Planners Certification Maintenance Credits

This webinar is approved by the American Institute of Certified Planners for 1.5 Certification Maintenance Credits.  Please make sure that you register for this session and log-in using the link that TRB provides to your email account. We use this as your record that you attended this session. TRB only maintains the records of attendees who use their email address to log into the webinar, and cannot verify attendance of individuals who view the webinar without personally logging into the session.

Please visit the Certification Maintenance section of APA’s website, Certification Maintenance webpage at to claim your credits. You may use the following steps:

  1. Log in using your ID# and password.
  2. Select View my CM log.
  3. Select Add CM-Registered Credits.
  4. Using the CM Search option, type in the name of the event or event number (e.g. 21064) and click "Go".

Please note: If searching for an event by Provider, use the search option, type in the name of the provider and click “Go”. From the results below, select by clicking on the name of the provider.

  1. From the results below, find your event and select "Add to My Log." If this is a multi-part event, you will have the option to select from a list of activity sessions.
  2. Please rate the event, add a comment (optional), and click on the Ethics statement and check the box to confirm. Note: you should see a message indicating the CM reporting period year that you are logging.
  3. Click submit and the CM credits should appear in your CM log.

If you have problems reporting your CM credits or have general questions about the CM program, please contact

Registration questions? Contact Reggie Gillum at