Necessity of Risk Management Systems Implementation in Air Transport

Gheorghe Camelia Monica () and Sebea Mihai ()
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Gheorghe Camelia Monica: Romanian-American University of Bucharest
Sebea Mihai: Romanian-American University of Bucharest

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 255-258

Abstract: In a time when business uncertainty is highest in the airline industry, risk management strategies have become vital to the executive committee of the airline and airport managers. Risk management process involves the fact that organizations overcome unforeseen situations and achieve the maintenance performance and customer growth, profits, benefits etc. In other words, it's competitiveness by prioritizing risk management strategies. Currently, risk management strategies deviating significantly from traditional ones in terms of both major elements and as one of the objectives, scope, focus and application.

Keywords: tourism; air transport; risk management (search for similar items in EconPapers)
JEL-codes: L (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:255-258

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