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Pricing 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 artikel
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 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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