As global aviation markets recover and grow in the post-COVID-19 era, many airport projects, such as new airport constructions and airport renovations, are underway. Airport operators are striving for sustainable growth by exploring various revenue so...
As global aviation markets recover and grow in the post-COVID-19 era, many airport projects, such as new airport constructions and airport renovations, are underway. Airport operators are striving for sustainable growth by exploring various revenue sources beyond traditional operations and actively participating in overseas airport projects. Korean airport operators are also pursuing such projects, but their efforts have been hindered by a lack of experience and expertise. When considering overseas airport projects, it is essential to comprehensively analyze economic, political, and social factors to select the optimal target project. This study focuses on developing a framework for identifying key risk factors during the early planning and design phases of airport projects and evaluating their relative importance. In particular, we apply the DEMATEL model to identify key factors based on the degree of influence among candidate factors gathered from literature review. Additionally, the ANP model is employed to analyze the relative importance of these risk factors, taking into account their mutual influence. Through empirical analysis based on this framework, the study aims to identify and assess the key risk factors relevant to overseas airport projects. As Korean airport operators seek to expand their overseas ventures, systematic analysis based on this model will help broaden the scope and regions of their business. The analysis framework developed in this study can be effectively used in decision-making processes and will also prove valuable in analyzing key economic and social factors that influence overseas airport projects.