On Smith Business Close-Up: Easing
Broadcast Dates: Jan. 8, 7:30 p.m. | Jan. 11, 7:30 a.m. | Jan. 12, 4:30 a.m.
The Federal Aviation Administration and the Department of Transportation were
poised to auction landing and take-off time slots at New York’s major airports
on January 12 before a last-minute court-ordered stay halted the action. Airport
slots have never been auctioned, anywhere in the world, and a group of
professors from the University of Maryland was instrumental in designing the
process. The auction plan will now become a proposal under the Obama
administration, where it may die.
In this edition of Smith Business Close-Up with the University of
Maryland’s Robert H. Smith School of Business,
Dr. Michael Ball discusses the
viability of slot auctions and how they came about as a solution to easing
congestion at LaGuardia, Newark and Kennedy airports.
Ball is the Orkand Corp. Professor of Management Science and co-director of
NEXTOR, the National Center of Excellence for Aviation Operations Research. He’s
been leading the project to study ways to reduce congestion at the New York area
airports for the past four years and pulled in Smith School colleague S. Raghu
Raghavan, associate professor of management science, to design the auction,
along with two University of Maryland economists who worked on the process and
will manage the auction. The slot auctions have proved a contentious solution,
but one the FAA hopes will ease delay problems and serve as a successful model
for other airports.
Smith Business Close-Up is co-produced by the Robert H. Smith School of
Business and Maryland Public Television. The television segment focuses on the latest thinking in business management,
and features in-depth interviews with Smith School faculty and other members of
the school’s community of business leaders.
Where to watch
Smith Business Close-Up can be seen bi-weekly on Maryland Public
Television's Your Business and Money. The program airs at 7:30 p.m. on
Thursdays and is repeated the following Sunday at 7:30 a.m. and Monday at 4:30
a.m. on public television stations throughout Maryland and the Washington, D.C.,
metropolitan region, including:
WMPB-TV (Ch. 67), Baltimore
WMPT-TV (Ch. 22), DC metro/Annapolis
WCPB-TV (Ch. 28), Salisbury
WFPT-TV (Ch. 62), Frederick
WWPB-TV (Ch. 31), Hagerstown
WGPT-TV (Ch. 36), Oakland