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ArtikelPricing And Managing A Maintenance Contract For A Fleet Of Aircraft Engines  
Oleh: Bowman, R. Alan ; Schmee, Josef
Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Simulation vol. 76 no. 2 (Feb. 2000), page 69-77.
Topik: aircraft maintenance; risk management; MSO; contracts; aircraft engines
Fulltext: 69.pdf (987.68KB)
Isi artikelA 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 was 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.
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