Download or read book Procurement Decisions in the Airline Industry written by Tobias Rudeloff and published by diplom.de. This book was released on 2009-11-03 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Introduction: Over the last two decades, real options analysis (ROA) has become a fundamental part of project evaluation. Its increasing use in academia and corporations as well as its application to a wide range of industries make it a valuable tool in finance and accounting departments around the world. Classical capital budgeting approaches like net present value (NPV) techniques do not account for additional flexibility and are therefore a very static measurement. In addition to this, a further core factor is the strategic aspect of the investment decision. Companies often make decisions according to strategic reasons. This raises the question of how the bargaining power is divided between a seller and a buyer. Furthermore, the influence of the hold-up problem on the two involved players is analyzed. Finally, the trade surplus of the investment is divided between the seller on the one hand and the buyer on the other hand using a game theoretic approach to model this relationship. The airline industry is examined in this paper as it offers many possibilities to apply and explain the concepts of real options and bargaining in bilateral negotiations. This paper sets out to analyze the value of flexibility of an investment decision and discusses, in a second step, how the strategic power between the two parties involved is allocated. In academic literature, limited research has been done to find out about the combination of a real options analysis and the distribution of the trade surplus between the different players involved. This presents the following questions: Does an option in terms of the purchase of an aircraft have additional value in comparison to a classical and inflexible buy now decision for an airline? If this is the case, how much is this value worth and how is the trade surplus distributed between the two parties involved? Are there any hold-up problems? The following chapters will examine and answer these issues. Chapter two deals with a literature review on standard real options analysis in general and the airline sector in particular. In chapter three, background information about the airline industry is given and it is stressed why this sector is used for the capital budgeting approach. Chapter four covers the methodology that is used in chapter five. In this chapter, a case study involving the purchase decision of an aircraft is discussed using different methods to analyze the commit-now and purchase [...]
Download or read book Decision Models for the Procurement of Subsidised Air Services written by Alan Kinene and published by Linköping University Electronic Press. This book was released on 2021-02-09 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small communities or remote regions are usually ignored by airlines because they have insufficient passenger demand and the air services to and from these regions are unprofitable. Free market conditions would lead to the lack of air connectivity to and from remote regions, hence transportation authorities intervene by procuring air services to guarantee improved accessibility for these regions. The procurement of air services is done through subsidy schemes where the transportation authorities pay subsidies to airlines that provide these air services along the routes to and from remote regions. These routes are commonly referred to as subsidised routes. The procurement of subsidised air services (subsidised routes) involves two major tasks—the selection of routes to subsidise and the selection of airlines to serve these routes. These are the focus of this thesis. The overall aim of this thesis is to design decision support models that can be used by transportation authorities to select the routes to subsidise and to select airlines to serve these routes. First, we develop an optimisation model that selects the routes to be subsidised, by maximising the number of people that can reach a given destination under different accessibility criteria subject to a budget. The model is capable of handling multiple accessibility criteria. As input to this model, we develop a novel method for estimating the subsidies required for non-existing subsidised routes. Second, we develop an auction framework to provide decision support to transportation authorities when designing auctions for the procurement of subsidised air services. The auction framework has three steps: auction definition by the transportation authority, bid preparation by the bidding airlines, and winner determination by the transportation authority. We develop two optimisation models as part of the auction framework, a winner-determination model for selecting the bids with the minimum subsidies, and a bid preparation model that replicates the airline’s behaviour when preparing bids for subsidised routes. The bid preparation model has an objective of minimising subsidies subject to a minimum profit threshold. We additionally propose models to estimate the appropriate demand and the route-operation cost for subsidised routes, which are needed as input to the bid preparation model. We demonstrate the usefulness of the two decision support models using the Public Service Obligation (PSO) network of subsidised routes in Sweden. The results suggest that the optimisation model can be used to select a new network of subsidised routes with improved accessibility to given destinations (e.g., the capital and an international airport) at a lower subsidy cost than the current network of subsidised routes. Having a requirement on the maximum airfare but not the minimum number of flights provides a good trade-off between the current restrictive setup with requirements on both the minimum number of flights and the maximum airfare, and a setup of the tendering process with no restrictions.
Download or read book GAO Documents written by United States. General Accounting Office and published by . This book was released on 1987 with total page 1132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catalog of reports, decisions and opinions, testimonies and speeches.
Download or read book Availability of Aircraft to Meet the Needs of the Commuter Airline Industry in the 1980 s written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation and published by . This book was released on 1980 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Condition of the Airline Industry written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation and published by . This book was released on 1993 with total page 910 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of Aircraft Sourcing Financing on Financial Success written by Ralf Günther and published by Springer. This book was released on 2019-02-19 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Airlines follow different strategies of aircraft sourcing and financing. Basic decisions include the choice of buy versus lease and long term versus short term acquisition of aircraft. Additional fleet and fleet planning characteristics include the desired fleet size, average aircraft age, or possible surplus in capacity. Do these variables have an impact on financial success? Taking the perspective of a shareholder, the author uses multivariate regression methodology to evaluate abnormal returns in stock market's reaction to the terrorist attacks on September 11, 2001, the Financial Crisis 2008, and to aircraft accidents and aircraft orders 1994–2009. In further regression analyses the relationship of fleet variables to a company's revenue growth and profitability is examined. Potential readerships include researchers and practitioners with interest in how decisions could be taken in favor of shareholders in an aircraft fleet planning context.
Download or read book Transportation Bibliography of GAO Documents January 1985 December 1988 written by United States. General Accounting Office. RCED. and published by . This book was released on 1989 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Trade Estimate Report on Foreign Trade Barriers written by United States. Office of the U.S. Trade Representative and published by . This book was released on 1987 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 1987 National Trade Estimate Report on Foreign Trade Barriers written by United States. Office of the U.S. Trade Representative and published by . This book was released on 1987 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Proceedings of the 6th International Conference on Decision Support System Technology ICDSST 2020 on Cognitive Decision Support Systems Technologies written by Isabelle Linden and published by EWG-DSS. This book was released on 2021-05-27 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Evaluations written by and published by . This book was released on with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.
Download or read book Federal Program Evaluations written by and published by . This book was released on 1984 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.
Download or read book GAO documents written by United States. General Accounting Office and published by . This book was released on 1981 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catalog of reports, decisions and opinions, testimonies and speeches.
Download or read book Business and Politics in Europe 1900 1970 written by Terry Gourvish and published by Cambridge University Press. This book was released on 2003-08-28 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reflects an increased interest in establishing connections between the political history and the business history of Europe in the twentieth century. The book includes research on the interactions of politicians, businessmen and their institutions in eight countries, with particular focus on the highly charged inter-war period. Fourteen essays cover subjects under four main headings: the business - politics paradigm; banking finance; business and politics in the National Socialist period; and the business community and the state. Together they form a fitting tribute to the academic scholarship and inspiration offered by Alice Teichova. In her distinguished career, and in particular after the publication of her path-breaking book An Economic Background to Munich in 1974, she did much to stimulate a collaborative approach to international comparative work in the field of economic, political and business history. The case studies presented here demonstrate her considerable legacy to the subject.
Download or read book Delivering Customer Value Through Procurement and Strategic Sourcing written by Walter L. Wallace and published by Pearson Education. This book was released on 2015 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Companies of all sizes are seeking to transform their procurement and supplier relationship management processes: activities that have a tremendous upside potential for improved supply chain effectiveness and efficiency. Now, two leading consultants and researchers offer a comprehensive approach to creating customer value through strategic sourcing and procurement. Unlike texts focused primarily on day-to-day operations and tactics, Delivering Customer Value through Procurement and Strategic Sourcing focuses on helping senior executives and managers gain sustainable competitive advantage from their supply chains."--Publisher's website.
Download or read book FAA s Facilities and Equipment Account and Air Traffic Control Modernization written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation and published by . This book was released on 1990 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Export import Bank Authorization and Related Issues written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance and published by . This book was released on 1978 with total page 980 pages. Available in PDF, EPUB and Kindle. Book excerpt:
