Name
Abstract | ||
|---|---|---|
A large corporation wished to expand its role as a provider of maintenance and repair services for aircraft engines. These services were to be provided to airlines based on long-term contracts. The magnitude and uncertainty of the costs involved (total costs for a typical contract would be in excess of a billion dollars) could expose the corporation to significant financial risk. To help mitigate and manage this risk, a simulation model teas developed to assess costs over the life of the contract. The primary objective was to establish a fair contract price. The simulation model also allowed operational issues and sensitivities to be examined. |
Year | DOI | Venue |
|---|---|---|
2001 | 10.1177/003754970107600202 | SIMULATION |
Keywords | DocType | Volume |
aircraft maintenance,risk management,MSO,contracts,aircraft engines | Journal | 76 |
Issue | ISSN | Citations |
2 | 0037-5497 | 9 |
PageRank | References | Authors |
0.83 | 1 | 2 |
Name | Order | Citations | PageRank |
|---|---|---|---|
| R. Alan Bowman | 1 | 21 | 3.51 |
| Josef Schmee | 2 | 11 | 2.06 |