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Introduction to Air Transport Economics: From Theory to
Applications uniquely merges the institutional and technical
aspects of the aviation industry with their theoretical economic
underpinnings. Its integrative approach offers a fresh point of
view that will find favor with many students of aviation. This
fourth edition has been extensively updated throughout. It features
new material that addresses the impact of COVID-19 upon the air
transport industry, and the efforts made within the industry and by
governments to ensure recovery. Also, in addition to an expanded
coverage of revenue management and pricing decisions, the fourth
edition includes case studies that give real-world examples to
reflect actual industry practice as well as a discussion of the
more up-to-date computer applications that make the new techniques
so effective. This book offers a self-contained theory and
applications-oriented text for any individual intent on entering
the aviation industry as a practicing professional in the
management area. It will be of greatest relevance to undergraduate
and graduate students interested in obtaining a more complete
understanding of the economics of the aviation industry. The review
questions at the end of each chapter have been expanded
considerably, and an online assignment added for each chapter. The
book will also appeal to many professionals who seek an accessible
and practical explanation of the underlying economic forces that
shape the industry.
Introduction to Air Transport Economics: From Theory to
Applications uniquely merges the institutional and technical
aspects of the aviation industry with their theoretical economic
underpinnings. Its integrative approach offers a fresh point of
view that will find favor with many students of aviation. This
fourth edition has been extensively updated throughout. It features
new material that addresses the impact of COVID-19 upon the air
transport industry, and the efforts made within the industry and by
governments to ensure recovery. Also, in addition to an expanded
coverage of revenue management and pricing decisions, the fourth
edition includes case studies that give real-world examples to
reflect actual industry practice as well as a discussion of the
more up-to-date computer applications that make the new techniques
so effective. This book offers a self-contained theory and
applications-oriented text for any individual intent on entering
the aviation industry as a practicing professional in the
management area. It will be of greatest relevance to undergraduate
and graduate students interested in obtaining a more complete
understanding of the economics of the aviation industry. The review
questions at the end of each chapter have been expanded
considerably, and an online assignment added for each chapter. The
book will also appeal to many professionals who seek an accessible
and practical explanation of the underlying economic forces that
shape the industry.
Introduction to Air Transport Economics: From Theory to
Applications uniquely merges the institutional and technical
aspects of the aviation industry with their theoretical economic
underpinnings. In one comprehensive textbook it applies economic
theory to all aspects of the aviation industry, bringing together
the numerous and informative articles and institutional
developments that have characterized the field of airline economics
in the last two decades as well as adding a number of areas
original to an aviation text. Its integrative approach offers a
fresh point of view that will find favor with many students of
aviation. The book offers a self-contained theory and
applications-oriented text for any individual intent on entering
the aviation industry as a practicing professional in the
management area. It will be of greatest relevance to undergraduate
and graduate students interested in obtaining a more complete
understanding of the economics of the aviation industry. It will
also appeal to many professionals who seek an accessible and
practical explanation of the underlying economic forces that shape
the industry.
For all engineers and practitioners, it is essential to have a
fundamental understanding of cost structure, estimating cash flows,
and evaluating alternative projects and designs on an economic
basis. Engineering Economics for Aviation and Aerospace provides
the tools and techniques necessary for engineers to economically
evaluate their projects and choices. The focus of this book is on a
comprehensive understanding of the theory and practical
applications of engineering economics. It explains and demonstrates
the principles and techniques of engineering economics and
financial analysis as applied to the aviation and aerospace
industries. Time value of money, interest factors, and spreadsheet
functions are used to evaluate the cash flows associated with a
single project or multiple projects. The alternative engineering
economics tools and techniques are utilized in separate chapters to
evaluate the attractiveness of a single project or to select the
best of multiple alternatives. Most of the engineering economics
and financial mathematics books available in the market take either
a pure theoretical approach or offer limited applications. This
book incorporates both approaches, providing students of aviation
and industrial economics, as well as practitioners, with the
necessary mathematical knowledge to evaluate alternatives on an
economic basis.
There are few industries that have had a more profound impact on
business and society over the last century than aviation. This book
is an accessible, up-to-date introduction to the current state of
the aviation industry which provides readers with the tools
necessary to understand the volatile and often complicated nature
of airline finance. Understanding finance is critical in any
industry; however, the financial track record of the airline
industry places even more importance on effective financial
management. Foundations of Airline Finance provides an introduction
to the basics of finance - including time value of money, the
valuation of assets, and revenue management - and the particular
intricacies of airline finance where there can be wild fluctuations
in both revenues and costs. The third edition of this text has been
extensively updated to reflect the many changes in the air
transport industry that have taken place since the publication of
the second edition, and features an expanded chapter on aircraft
leasing and many new international case examples. This thorough
introduction to aviation finance is valuable reading as a general,
introductory financial text, or as reading in specialized airline
finance classes.
For all engineers and practitioners, it is essential to have a
fundamental understanding of cost structure, estimating cash flows,
and evaluating alternative projects and designs on an economic
basis. Engineering Economics for Aviation and Aerospace provides
the tools and techniques necessary for engineers to economically
evaluate their projects and choices. The focus of this book is on a
comprehensive understanding of the theory and practical
applications of engineering economics. It explains and demonstrates
the principles and techniques of engineering economics and
financial analysis as applied to the aviation and aerospace
industries. Time value of money, interest factors, and spreadsheet
functions are used to evaluate the cash flows associated with a
single project or multiple projects. The alternative engineering
economics tools and techniques are utilized in separate chapters to
evaluate the attractiveness of a single project or to select the
best of multiple alternatives. Most of the engineering economics
and financial mathematics books available in the market take either
a pure theoretical approach or offer limited applications. This
book incorporates both approaches, providing students of aviation
and industrial economics, as well as practitioners, with the
necessary mathematical knowledge to evaluate alternatives on an
economic basis.
This book provides indispensable knowledge for practitioners in
aircraft financing. It presents an innovative framework that treats
valuation analysis as a systematic effort in problem-solving
directed at rational financial decision-making. It incorporates
much of the modern approach to financial investment
decision-making. It proposes essential tools of flexibility,
adaptability, and commonality of aircraft financial analyses that
apply to an almost infinite variety of valuation problem
situations. Once these connections have been introduced, the reader
will be equipped with an understanding of the underlying concepts
of aircraft valuation processes and techniques and the subsequent
financing alternatives available to fund aircraft assets. This is
an essential book for airline professionals, aircraft leasing
companies, consultants, bankers, government officials, and students
of aircraft finance. It is an approachable resource for those
without a formal background in finance.
There are few industries that have had a more profound impact on
business and society over the last century than aviation. This book
is an accessible, up-to-date introduction to the current state of
the aviation industry which provides readers with the tools
necessary to understand the volatile and often complicated nature
of airline finance. Understanding finance is critical in any
industry; however, the financial track record of the airline
industry places even more importance on effective financial
management. Foundations of Airline Finance provides an introduction
to the basics of finance - including time value of money, the
valuation of assets, and revenue management - and the particular
intricacies of airline finance where there can be wild fluctuations
in both revenues and costs. The third edition of this text has been
extensively updated to reflect the many changes in the air
transport industry that have taken place since the publication of
the second edition, and features an expanded chapter on aircraft
leasing and many new international case examples. This thorough
introduction to aviation finance is valuable reading as a general,
introductory financial text, or as reading in specialized airline
finance classes.
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