A Simulation of Optimal Model on Fractional Aircraft Ownership (FAO) Management

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dc.contributor.authorSumarti, Novriana
dc.contributor.authorBrahmandita, Ida B.P.
dc.contributor.authorAqsha, Muhammad A.
dc.coverage.issue2cs
dc.coverage.volume28cs
dc.date.accessioned2023-01-13T06:21:06Z
dc.date.available2023-01-13T06:21:06Z
dc.date.issued2022-12-20cs
dc.description.abstractCompared to owning a private jet, Fractional Aircraft Ownership (FAO) concept is a cheaper alternative for very mobile business persons who want to travel in comfort. The aircraft is owned by a number of customers (referred to as “owners”) and the flight hours of its operation are shared based on each owner’s portion. In this research, we do the simulation of an FAO company with very large demands with 27 cities of destination, which are commonly visited by business people in Indonesia. We derive flight demands stochastically from the owners and create optimal flying schedules based on the demands. Using the calculation of fixed and variable costs, we can determine the optimal flight pairings that minimized the operational cost. Eventually, we can determine the number of aircraft needed to be owned by FAO so the business will profit.en
dc.formattextcs
dc.format.extent1-8cs
dc.format.mimetypeapplication/pdfen
dc.identifier.citationMendel. 2022 vol. 28, č. 2, s. 1-8. ISSN 1803-3814cs
dc.identifier.doi10.13164/mendel.2022.2.001en
dc.identifier.issn2571-3701
dc.identifier.issn1803-3814
dc.identifier.urihttp://hdl.handle.net/11012/208738
dc.language.isoencs
dc.publisherInstitute of Automation and Computer Science, Brno University of Technologycs
dc.relation.ispartofMendelcs
dc.relation.urihttps://mendel-journal.org/index.php/mendel/article/view/186cs
dc.rightsCreative Commons Attribution-NonCommercial-ShareAlike 4.0 International licenseen
dc.rights.accessopenAccessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0en
dc.subjectOptimizationen
dc.subjectInvestmenten
dc.subjectMathematical Modellingen
dc.subjectFlight Schedulingen
dc.subjectStochastic Simulationen
dc.subjectAviation Industryen
dc.titleA Simulation of Optimal Model on Fractional Aircraft Ownership (FAO) Managementen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
eprints.affiliatedInstitution.facultyFakulta strojního inženýrstvícs
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Vol. 28, No. 2