The Wake Vortex Prediction System WSVS (WirbelSchleppenVorhersageSystem) has been developed to tactically increase airport capacity by employing dynamically adjusted aircraft separations for approach and landing without compromising safety. For this purpose, the WSVS considers the involved aircraft type pairing, the prevailing weather conditions, and the resulting wake vortex behavior. A Monte Carlo simulation study demonstrates that the WSVS is well adjusted to a reasonable level of safety. The simulation study evaluates the probability that wake vortices still linger within defined radii around the follower aircraft and compares this probability to measurement data collected at five major international airports. The potential of the WSVS to optimize aircraft separations is assessed by employing twelve months of traffic and weather prediction data collected at Vienna International Airport. Analyses of the separation reduction potential are established and compared to current regulations. Dependencies on prevailing headwind and crosswind conditions are discussed in terms of individual wake vortex behavior and statistical distributions of wake turbulence separations. The results indicate that substantial potential for safely reduced aircraft separations exists mainly under sufficiently strong crosswind conditions for any aircraft type combination requiring wake vortex separation minima.