Decision Making Tool in Aviation Industry Considering Safety and Technologies Integration

Evangelos Sambracos or Samprakos () and Eleftherios Katarelos

MPRA Paper from University Library of Munich, Germany

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.

Keywords: air trasport; integration; Reliability; Risk Managment; Cost Benefit evaluation (search for similar items in EconPapers)
JEL-codes: D81 L93 O32 R41 (search for similar items in EconPapers)
Date: 2000-11
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Published in Proceedings of 13th National Conference of the Hellenic Operational Research Society December 2000 (2000): pp. 385-400

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