The Analysis of Slot Optimization Based on the Top Trading Cycle Method in China Hub Airport

Haoting Xie

doi:10.54254/2754-1169/63/20231389

Research Article

Open access

Published on 28 December 2023

Download pdf

Export citation

The Analysis of Slot Optimization Based on the Top Trading Cycle Method in China Hub Airport

Haoting Xie *^,1,

¹ Guangzhou NO.2 Middle School, Guangzhou, 510040, China

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/63/20231389

Abstract

China's aviation industry is facing a scarcer development space. In the absence of means to enhance airport capacity, airport slots have been attached great importance as a scarce resource. Due to the lagging development of China's aviation industry and its detailed fields, slot allocation in China is unscientific, and as a scarce resource, slot utilization in China has much room for improvement. After analyzing the current situation of China's slot allocation system, imperfect laws, regulations and slow marketization process, this paper proposes that the construction of the secondary market can be a substitute for China in the process of exploring the primary market mode, which can be used to significantly improve the utilization and efficiency of slot resources temporarily. This paper introduces in detail the operation method of the Top Trading Cycle (TTC) algorithm and the Top Trading Cycle-Collaborative Decision Making (TTC-CDM) algorithm in the slot allocation secondary market and the short-term potential of solving slot resource shortage, which provides directional guidance for the development space of China's aviation industry.

Keywords

TTC, slot allocation, airport congestion, market design

View pdf

References

[1]. IATA Pressroom. (2022) IATA - Air Passenger Numbers to Recover in 2024.

[2]. Wang, H.L. and Sun, W. (2021) Research on Slot Resource Allocation and Management Mechanisms in Busy Airports. Aviation Think Tank.

[3]. Babic, D. and Kalic, M. (2011) Modeling the Estimation of the Airline Profit in Case of Purchasing New Slots for Increasing Flight Frequency. Procedia Social and Behavioral Sciences, 20, 1069-1079.

[4]. Matthews, B. and Menaz, B. (2003) Airport Capacity: The Problem of Slot Allocation. Working Paper, 1, 1-2.

[5]. Moessner, P. (2005) Slot Allocation in the United States and Europe. Montreal: McGill University.

[6]. Xu, M.C. (2020) Research on Legislative Improvement in Distribution System of Airport Slot in China. Nanjing: Nanjing University of Aeronautics and Astronautics, 20-21.

[7]. Roth, A.E. (2007) The Art of Designing Markets. Harvard Business Review, 85: 11-18.

[8]. Castelli, L., Pesenti, R. and Ranieri, A. (2011) The Design of a Market Mechanism to Allocate Air Trafﬁc Flow Management Slots. Transportation Research Part C: Emerging Technologies, 19, 931-943.

[9]. Lloyd, S. and Scarf, H. (1974) On Cores and Indivisibility. Journal of mathematical economics, 1, 23-37.

[10]. Augusto, M., Souza D.S., Li, W.G. and Garcia, R.C. (2018) Stable Two-sided Matching of Slot Allocation in Airport Collaborative Decision-making by Top Trading Cycles Mechanism. Chinese Journal of Aeronautics, 1, 534-545.

Cite this article

Xie,H. (2023). The Analysis of Slot Optimization Based on the Top Trading Cycle Method in China Hub Airport. Advances in Economics, Management and Political Sciences,63,117-125.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

Disclaimer/Publisher's Note

The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.

About volume

Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Conference website: https://2023.icftba.org/

ISBN：978-1-83558-227-5(Print) / 978-1-83558-228-2(Online)

Conference date: 8 November 2023

Editor：Javier Cifuentes-Faura

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.63

ISSN：2754-1169(Print) / 2754-1177(Online)

© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open access policy for details).