Abstract
Safety investment planning is a strategic issue of increased complexity for airlines due to inter-related flight safety system. In this work, the elements of flight safety system were classified as seven subsystems, and a dynamic model of the relationship between safety investment and flight safety level was developed using system dynamics (SD) theory. Then, two examples were used to demonstrate the application of the developed methodology and some interesting insights obtained were discussed, which are useful to decision-makers making optimal plans and dealing with long-term strategic management issues.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
