Aviation Safety Investment Assessment Utilizing Return on Investment and Bayesian Networks

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21260%2F15%3A00235398" target="_blank" >RIV/68407700:21260/15:00235398 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Aviation Safety Investment Assessment Utilizing Return on Investment and Bayesian Networks
Original language description
Safety is one of the utmost importance in aviation, often globally and regionally emphasized. However, as the market became very competitive over the past years, safety is struggling to retain its ultimate importance from the perspective of aviation corporations and organizations. These are frequently under significant economic pressures and on safety being rather compliant with regulation than proactively concerned with it. This paper describes financial aspects and motivation issues of aviation organizations to allocate resources to safety management. Return on Investment and Bayesian Networks serve as the basic tools for assessing investments. Particular case study for missed approach scenario and simplified deliberation of costs typically involvedin aviation safety-related occurrences are included. Results of the analysis are to motivate the corporations to take into consideration that thoroughly-targeted safety investments are not just expenses. Such investments do generate reven
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Central European Conference in Finance and Economics (CEFE2015)
ISBN
978-80-553-2467-8
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
646-652
Publisher name
Technická univerzita v Košiciach, Ekonomická fakulta
Place of publication
Košice
Event location
Herlany
Event date
Sep 30, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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