Matches in SemOpenAlex for { <https://semopenalex.org/work/W811218000> ?p ?o ?g. }
- W811218000 abstract "This research sets out to determine whether there is a best way to performaircraft investment analysis. The question of best practice is found to belinked to corporate ownership: world airline shareholding patterns areidentified and linked to investment analysis practices, and to airline financialperformance over the last aviation cycle.A key weakness identified by surveying airline practice concerns the treatmentof uncertainty in the financial analysis. This research critically examines thestate of practice regarding treatment of uncertainties embedded investmentvaluation assumptions, in airline fleet planning around the world, andproposes structured application of advanced analytical techniques to valuationin today’s world of volatile and diverse aviation markets.The assumptions underlying valuation are embedded in modern financialtheory, which has been developed and tested over the last century. Thevalidity and usefulness of financial valuation models is examined from boththeoretical and practical perspectives, and the state of practice regardingthese models in the airline industry is established, both quantitatively throughsurvey research, and qualitatively through aviation executive interviews in thefield. This combined approach has allowed the establishment of ‘paradigms’characterizing the concrete application of financial theory to the question ofaircraft investment.Regional patterns of airline shareholding are identified in a detailed analysis ofownership structure and business models. The resulting governance typologyis analyzed in aggregate, and associated with production, and profitability byregion. The tendency of each airline ownership type to use modern financialvaluation techniques has to some extent been established by applying surveyresults to the different regions.The fleet planning process and the positioning of investment valuation within itis discussed, and key uncertainties underlying fleet planning assumptions areidentified and mapped in a risk map framework. A method for strategicanalysis of fleet financing alternatives is derived from classical theory, andapplied to the specifics of the aircraft market.The uncertainties surrounding several key modelling assumptions are found tobe substantial in the minds of today’s fleet planners, and the assessments ofuncertainty vary substantially between airline fleet planners and third-partyadvisors. The identified practices in applying classical financial theory arefound to be strikingly inadequate in treatment of these uncertainties.A model is developed for valuing the acquisition of aircraft under uncertainty,using extensions of the classical financial framework entailing more advancedquantitative techniques. The model’s application to a specific analyticalsituation analysis show that investment valuations under deterministic modelsare contradicted when applying uncertainty to key uncertainties present intoday’s markets, and a process that yields insights beyond classical…" @default.
- W811218000 created "2016-06-24" @default.
- W811218000 creator A5015679772 @default.
- W811218000 date "2010-05-01" @default.
- W811218000 modified "2023-09-23" @default.
- W811218000 title "Aircraft investment planning and uncertainty" @default.
- W811218000 cites W1490105172 @default.
- W811218000 cites W1503599903 @default.
- W811218000 cites W1509197321 @default.
- W811218000 cites W1524094146 @default.
- W811218000 cites W1546909284 @default.
- W811218000 cites W1546993880 @default.
- W811218000 cites W1557846976 @default.
- W811218000 cites W165742884 @default.
- W811218000 cites W1777250404 @default.
- W811218000 cites W1777403237 @default.
- W811218000 cites W1968046163 @default.
- W811218000 cites W1970771601 @default.
- W811218000 cites W1971604386 @default.
- W811218000 cites W1974669536 @default.
- W811218000 cites W1978490658 @default.
- W811218000 cites W1992354175 @default.
- W811218000 cites W1992563875 @default.
- W811218000 cites W1999353844 @default.
- W811218000 cites W1999496066 @default.
- W811218000 cites W2003688930 @default.
- W811218000 cites W2011766024 @default.
- W811218000 cites W2013662174 @default.
- W811218000 cites W2015856032 @default.
- W811218000 cites W2016445635 @default.
- W811218000 cites W2021449230 @default.
- W811218000 cites W2025726857 @default.
- W811218000 cites W2025869908 @default.
- W811218000 cites W2026325962 @default.
- W811218000 cites W2027627662 @default.
- W811218000 cites W2027674775 @default.
- W811218000 cites W2029056003 @default.
- W811218000 cites W2030421358 @default.
- W811218000 cites W2034008266 @default.
- W811218000 cites W2043929540 @default.
- W811218000 cites W2044298381 @default.
- W811218000 cites W2056785571 @default.
- W811218000 cites W2061256387 @default.
- W811218000 cites W2061747235 @default.
- W811218000 cites W2066447693 @default.
- W811218000 cites W2071144869 @default.
- W811218000 cites W2077791698 @default.
- W811218000 cites W2083148578 @default.
- W811218000 cites W2083608273 @default.
- W811218000 cites W2090874083 @default.
- W811218000 cites W2094986141 @default.
- W811218000 cites W2123328694 @default.
- W811218000 cites W2124597406 @default.
- W811218000 cites W2124980384 @default.
- W811218000 cites W2127152800 @default.
- W811218000 cites W2143437037 @default.
- W811218000 cites W2144846366 @default.
- W811218000 cites W2149779730 @default.
- W811218000 cites W2153524047 @default.
- W811218000 cites W2162676516 @default.
- W811218000 cites W2164703022 @default.
- W811218000 cites W2167821110 @default.
- W811218000 cites W2170790204 @default.
- W811218000 cites W2287525430 @default.
- W811218000 cites W2313727555 @default.
- W811218000 cites W2611825987 @default.
- W811218000 cites W3121349198 @default.
- W811218000 cites W3123091495 @default.
- W811218000 cites W3123142049 @default.
- W811218000 cites W3123364241 @default.
- W811218000 cites W3124114405 @default.
- W811218000 cites W3125310398 @default.
- W811218000 cites W656362874 @default.
- W811218000 cites W2401101887 @default.
- W811218000 hasPublicationYear "2010" @default.
- W811218000 type Work @default.
- W811218000 sameAs 811218000 @default.
- W811218000 citedByCount "1" @default.
- W811218000 countsByYear W8112180002013 @default.
- W811218000 crossrefType "dissertation" @default.
- W811218000 hasAuthorship W811218000A5015679772 @default.
- W811218000 hasConcept C10138342 @default.
- W811218000 hasConcept C127413603 @default.
- W811218000 hasConcept C129361004 @default.
- W811218000 hasConcept C144133560 @default.
- W811218000 hasConcept C146978453 @default.
- W811218000 hasConcept C162324750 @default.
- W811218000 hasConcept C162853370 @default.
- W811218000 hasConcept C17744445 @default.
- W811218000 hasConcept C186027771 @default.
- W811218000 hasConcept C199539241 @default.
- W811218000 hasConcept C27548731 @default.
- W811218000 hasConcept C39389867 @default.
- W811218000 hasConcept C40700 @default.
- W811218000 hasConcept C74448152 @default.
- W811218000 hasConcept C86251818 @default.
- W811218000 hasConcept C94625758 @default.
- W811218000 hasConceptScore W811218000C10138342 @default.
- W811218000 hasConceptScore W811218000C127413603 @default.
- W811218000 hasConceptScore W811218000C129361004 @default.