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That Used To Be Us: Through The Eyes Of The Aviation Industry, Kelly A. Whealan-George
That Used To Be Us: Through The Eyes Of The Aviation Industry, Kelly A. Whealan-George
Kelly Whealan George
The U.S. economic success was rooted in an industrial policy which had five pillars of a prosperity formula that served as a catalyst for development and growth: 1) public/private cooperation on education, 2) immigration policy, 3) infrastructure, 4) risk/capital management, and 5) government-funded scientific research. In this paper, the development and growth of the aviation industry is viewed in the framework of such a prosperity formula in order to face the four areas that the entire economy will need to face in the current market in order to be competitive in the global market in the 21st century. Since the …
Economic Modeling To Improve Estimates Of The Benefits Of Safety Management Systems, Kelly A. Whealan-George
Economic Modeling To Improve Estimates Of The Benefits Of Safety Management Systems, Kelly A. Whealan-George
Kelly Whealan George
Safety Management Systems (SMS) in aviation have the potential to minimize costs, protect profits, and increase shareholder value. However, a gap exists in SMS research between the acknowledged safety benefits of SMS and the identified economic benefits. In the current competitive marketplace, SMS will need to demonstrate economic viability through modeling before industry leaders are likely to adopt a voluntary process. This paper reviews the literature related to a variety of possible economic models applicable to measuring the benefits of the application and implementation of SMS in aviation organizations. While the ultimate goal is to increase safety, the utilization of …