Publication Date:
2019-08-16
Description:
In this paper, the authors review the FAA s current program investments and lay out a preliminary analytical framework to undertake projects that may address some of the noted deficiencies. By drawing upon the well developed theories from corporate finance, an analytical framework is offered that can be used for choosing FAA s investments taking into account risk, expected returns and inherent dependencies across NAS programs. The framework can be expanded into taking multiple assets and realistic values for parameters in drawing an efficient risk-return frontier for the entire FAA investment programs.
Keywords:
Air Transportation and Safety
Type:
Journal of Air Transportation; 11; 1; 3-26; LC-HE9761.1.J68
Format:
application/pdf
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