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

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.