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Decision Making Tool in Aviation Industry Considering Safety and Technologies Integration

Author

Listed:
  • Sambracos, Evangelos
  • Katarelos, Eleftherios

Abstract

Safety, fast and regularity were and continue to be the Civil Aviation’s objectives; their order invariably defines their importance. This means civil aviation firstly strives safety and after, all other objectives follow. Thus, as industry advanced toward the attainment of safety by means of aggregate improvements, demand for air transport increased, resulting in decline of cost. Successively the decline in cost ignited the rapid course in demand for air transport, which in turn along with the increase in flights simultaneously brought about traffic congestion and flight delays. Subsequently, technology by continuous repetitive cycles improved the flight delay problem. Improvements however, due to the new increase in demand, once more proved to be insufficient. However, technology, beside its contribution, at the same time created a new problem, concerning continuous and multiple integration, a problem, which in addition to effecting manufacturers effected decision-makers as well. This new problem emanated from the confusion to decide on the one hand of proper objectives, and on the other hand the cost effectiveness of the best alternatives. Thus and in order to help those decisions makers, in the present paper we develop a model of decision-making strategy for technology matters.

Suggested Citation

  • Sambracos, Evangelos & Katarelos, Eleftherios, 2000. "Decision Making Tool in Aviation Industry Considering Safety and Technologies Integration," MPRA Paper 52720, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:52720
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    File URL: https://mpra.ub.uni-muenchen.de/52720/7/MPRA_paper_52720.pdf
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    More about this item

    Keywords

    air trasport; integration; Reliability; Risk Managment; Cost Benefit evaluation;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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