A framework for risk management decisions in aviation safety at state level

D. Rios Insua, C. Alfaro, J. Gomez, P. Hernandez-Coronado and F. Bernal

Reliability Engineering and System Safety, 2018, vol. 179, issue C, 74-82

Abstract: Aviation is a key industrial sector for global development. Safety is essential for its healthy growth. However its management is pervaded by simplistic methods based on risk matrices. We provide here a framework for risk management decisions in aviation safety at state level. This helps us in identifying the best portfolio that a state agency may implement to improve aviation safety in a country. We illustrate our proposal with a case study.

Keywords: Risk management; Aviation safety; Decision analysis; Bayesian statistics (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:179:y:2018:i:c:p:74-82

DOI: 10.1016/j.ress.2016.12.002

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