Aviation Safety Investment Assessment Utilizing Return on Investment and Bayesian Networks

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Aviation Safety Investment Assessment Utilizing Return on Investment and Bayesian Networks

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Aviation Safety Investment Assessment Utilizing Return on Investment and Bayesian Networks

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

JU - Aeronautika, aerodynamika, letadla

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

7

Strana od-do

646-652

Název nakladatele

Technická univerzita v Košiciach, Ekonomická fakulta

Místo vydání

Košice

Místo konání akce

Herlany

Datum konání akce

30. 9. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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