Economic costs of air cargo flight delays related to late package deliveries In

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In this paper, we have estimated the costs of flight delay for door-to-door air cargo carriers that arises specifically from late delivery of packages. First, we estimate the economic cost of flight delays related to late package deliveries operated by air cargo carriers such as FedEx and UPS. We emphasis that this cost, while related to value of time and value of reliability, is a long-term welfare loss that could be borne by both the operators and the customers. Second, by Monte Carlo simulation, we show that delay costs are closely related to the flight delay distributions. While improving flight delays can potentially reduce such costs, improving delays for large-delay flights can reduce delay costs more significantly than improving small-delay flights, while keeping the average flight delay the same. The logit model estimates show that both flight delays and schedules have significant impacts on package late deliveries. In addition, ground distribution makes a considerable difference – longer distance between the package destination and the airport increases probability of late delivery.

Collected and summarized from the source below by Giang Tanhttps://db.vista.gov.vn:2095/science/article/pii/S1366554518307142