Social and Behavioral Sciences Commons^™

Taking Flight Or Taking A Pass? Exploring Factors Influencing Consumer Willingness To Pay For Evtol Travel, David C. Ison

International Journal of Aviation, Aeronautics, and Aerospace

The Advanced Air Mobility (AAM) industry is experiencing significant growth due to technological advancements and increasing demand for efficient travel experiences. The market is expected to reach $45 billion by 2030, with major players like Joby, Archer, Beta, and Wisk dominating. This study aimed to assess public willingness to pay for AAM services using eVTOLs, using Amazon's Mechanical Turk platform. The survey yielded a response rate of 85.8%, with 1,622 completed surveys. The study found that younger urban consumers were more willing to pay higher prices for AAM electric vertical takeoff and landing (eVTOL) aircraft trips than older participants, possibly …

Is The Declining Birthrate Really An Issue For The Economy?, Harsh Ramesh Pednekar, Theodore Lee, Darrion Chin

Introduction to Research Methods RSCH 202

This study aims to explore the complex implications of declining birth rates on the economy, focusing on GDP per capita as a crucial metric, and aims to uncover both potential opportunities and challenges stemming from this demographic transformation using regression analysis. Using a quantitative methodology and secondary data from OECD.stat, World Population Review, and World Bank, the study explores the relationship between declining birth rates and economic impacts. GDP per capita serves as an essential dependent variable, and it accounts for control variables such as labour force participation, literacy, and education levels, child dependence ratio, and physical capital. Past studies …

Analysis Of The Emerging Pilot Workforce, James Birdsong, Kurt Reesman

National Training Aircraft Symposium (NTAS)

The pilot workforce grew by approximately 20,000 pilots between 2011 – 2019 before shedding almost 6,500 jobs in 2020 due to COVID-19. Long-term forecasts predict industry recovery and growth and the need for robust pilot hiring since approximately 50% of today’s pilot workforce will meet the mandatory retirement age within 15 years.

The current workforce consists of four generations, with the youngest (Generation Z) just beginning to join the airline ranks. The oldest generation (Baby Boomers) will be exiting the workforce within ten years, leaving three generations (Generations X, Y, and Z), two of which have spent their entire lives …

Does Getting A Degree Pay, Dhivian Thanabal, Hugh Ryan Hoare, Mirza Ali Mohamed Riyaz, Ilyas Farid, Devesh Mark Muruga, Edil Jani Bin Eddy, Mubarak Ali Muneer Ahmed

Introduction to Research Methods RSCH 202

Since an increase in opportunities has resulted in the pool of degree holders in Singapore to significantly increase over the last few decades, a re-examination of the relationship between salary and highest education qualification is necessary. The purpose of this study is to ascertain whether receiving a degree rather than gaining work experience leads to higher earnings during this degree inflation era. In 2022, this will be the first study in Singapore to examine a person's wage in relation to their highest level of education. The existing literature tends to find higher returns for the university degree holders, although the …

Rethinking Credentials For Aviation Sustainability: A Dacum Approach, Leila Halawi

Publications

The pandemic of COVID-19 Millennials aren't the youngest working generation anymore, and Gen Zers are the new kids on the block. This group of individuals, born between 1995 and 2019, already makes up 5% of the total U.S. labor force, roughly 9 million people. However, the skills gap is real and exists, one in which research shows that new college graduates either do not have all the skills employers want, or they are not doing an excellent job of demonstrating those skills in their resumes.

Sustainability programs consistently encounter challenges that threaten the future as a viable academic discipline. It …

The Determination Of The Factors Affecting Air Transportation Passenger Numbers, Tüzün Tolga İnan Asst. Prof. Dr., Neslihan Gökmen Res. Asst.

International Journal of Aviation, Aeronautics, and Aerospace

So long as human beings are required to go between places, the civil aviation industry will always exist. In this study, a country-based examination has been applied to air passenger numbers. 50 countries are selected according to the highest rating of air transportation passenger numbers, gross domestic product (GDP), total population, and human development index (HDI) data. 28 of these countries are included in the analysis which is common in at least three of these rankings. The relationship between the four parameters is examined via correlation analysis. Thereafter, the related parameters were taken as independent variables in multiple linear regression …

Regional Airlines, Benjamin Jones Jr.

Student Works

The airline industry plays a major role in the United States. Many passengers use air transportation as a major mode of traveling for business and personal. As the demand for traveling increased, pilot shortage has increased as well. A pilot shortage will devastate the economy and have a lasting effect that will be felt worldwide. However, sources predict that the United States will experience a sizable pilot shortage over the next few years. This paper will identify the reasons for the pilot shortage and discuss the devastating effects that the shortage has on the regional airline industry. In addition, this …

Trump’S False ‘Realism’, Muhammad Ali Baig, Syed Sabir Muhammad

International Bulletin of Political Psychology

Comment from IBPP Editor: One key challenge implicit in this article compromises interactions among formal political science definitions of realism and psychological constructions of realism, materialism, objectivism/subjectivism, empiricism, and idealism.

Authors' Abstract: Foreign policy pivoted upon realist principles has have remained a vital instrument to pursue, achieve, secure and sustain the policy objectives of a state. America being the liberal hegemonic state maintained ‘liberal hegemony’ since the end of the Second World War. Realists intended to adopt a realist foreign policy; however, ideologies like ‘American Exceptionalism’ dominated over the former. President Donald Trump opted for protectionism with the objective of …

Analysis Of Runway Incursion Trends: Implications For Cost-Benefit Analysis Of Mitigation Investments, David C. Ison

International Journal of Aviation, Aeronautics, and Aerospace

This causal-comparative and correlation study investigated the costs of runway incursion safety improvements in relation to their effectiveness to assess potential aviation system benefits.Two airports (Los Angeles International and Dallas-Ft. Worth International), which were early adopters of Runway Status Lights (RWSL), a runway incursion technology, were targeted in this analysis. Findings indicated that there were no significant differences in counts or rates of Category A, B, and D incursions at LAX and DFW when comparing the time periods before versus after RWSL installation. Category C counts and rates were found to have increased significantly after RWSL installation. The findings of …

Us And The Cold War In Latin America, Thomas Field

Publications

The Cold War in Latin America had marked consequences for the region’s political and economic evolution. From the origins of US fears of Latin American Communism in the early 20th century to the collapse of the Soviet Union in the early 1990s, regional actors played central roles in the drama. Seeking to maximize economic benefit while maintaining independence with regard to foreign policy, Latin Americans employed an eclectic combination of liberal and anti-imperialist discourses, balancing frequent calls for anti-Communist hemispheric unity with periodic diplomatic entreaties to the Soviet bloc and the nonaligned Third World. Meanwhile, US Cold War policies toward …

Accounting Education In Greece During The Gfc (2009-2016), Dimitrios V. Siskos

Publications

The structure of accounting education in Greece, and in the world, is facing nowadays many significant challenges since the global financial crisis has left behind many critical educational burdens. At the same time, there is an increase in accounting omissions and malpractices of ethics both in the public and in the private sector of Greece. These undoubtedly contributed to massive unemployment, high poverty rate, crime and other social ills experienced in the country. This motivated the study on restructuring accounting education by devising a new educational framework that can be applied to Greek universities and colleges with the purpose of …

Rethinking Consumer Protection: Escaping Death By Regulation, Thomas L. Tacker

Publications

This book is designed to appeal to anyone who is at all interested in topics related to making life better and safer—for all us consumers. Our current approach to consumer protection is extremely flawed; sometimes costing lives rather than saving them. There are better ways to protect ourselves and the people we love.

A Bit Like Cash: Understanding Cash-For-Bitcoin Transactions Through Individual Vendors, Stephanie J. Robberson, Mark R. Mccoy

Journal of Digital Forensics, Security and Law

As technology improves and economies become more globalized, the concept of currency has evolved. Bitcoin, a cryptographic digital currency, has been embraced as a secure and convenient type of money. Due to its security and privacy for the user, Bitcoin is a good tool for conducting criminal trades. The Financial Crimes Enforcement Network (FinCEN) has regulations in place to make identification information of Bitcoin purchasers accessible to law enforcement, but enforcing these rules with cash-for-Bitcoin traders is difficult. This study surveyed cash-for-Bitcoin vendors in Oklahoma, Texas, Arkansas, Missouri, Kansas, Colorado, and New Mexico to determine personal demographic information, knowledge of …

Information Technology System Failure And Value Of Airlines: A Case Study Of Airlines In 2016, Jayendra Gokhale

Publications

Technology is a critical component of a firm’s operations. Technology failures can cause widespread problems in airlines. These failures cause disruptions in flight schedules, cause passengers to be stranded at airports and also increase airline operating costs. The objective of this study is to measure an effect of information technology failures on the firm value of passenger airline companies during the year 2016. In that year, there were cases involving delays and cancellations associated with JetBlue, Southwest, Delta, American, and Virgin America that received significant media coverage. Using the event study methodology, this study finds that the intensity of failures …

Book Review: Fundamentals Of International Aviation, Alan Bender

International Journal of Aviation, Aeronautics, and Aerospace

Not applicable.

Us Airline Stock Market Performance And Change In Investor Behavior Over The Great Recession Of 2008, Rebecca Wood, Jayendra Gokhale

Publications

We study the relationship of West Texas Intermediate (WTI) crude oil returns and the stock market returns with the US airline stocks before, during and after the 2008 financial crisis. We confirm the positive relationship of the airline stock returns with the overall market and the negative relationship with WTI. However, we find that the crisis led to a structural change in this relationship. Our results differ for low-cost airlines which absorb the oil price shock better as compared to legacy airlines. We also find that there is a difference in the relationship between the airline stock returns and WTI …

Thinking Finance - The Comic Book, Dimitrios V. Siskos

Publications

Thinking financially results in the best possible outcome and establishes a secure foundation for the future as an independent man. In contrast, thinking emotionally leads to short-sighted financial decisions and usually, deep regrets. However, thinking financially is not pleasant for the people around us. This comic book presents a guy, whose dream is to become an accountant. When he finally succeeds in this, he realizes that thinking financially may be effective for his boss but it is irritating for everyone else, even for his family.

Product Life-Cycle: New Products, Quality, Substitutes And Advertising In The Theatrical Movie Markets, Jayendra S. Gokhale, Wesley Wilson

Publications

In the market for US theatrical movies, there are a set of products (movies), and over time, new products appear and existing products disappear. We develop and estimate a model of the product cycle for movies and the decay of products over time to examine the effect of product quality, production cost, advertising and substitutes on the movie life cycle. Intuitively, new products should have a strong negative effect on the probability of survival of existing movies. The effect, however, is heterogeneously present only for the substitutes from some types (genres). While it is expected that good-quality movies tend to …

Economic Impact Of World Bank Aviation Investment In Pacific Island Countries, Cindy Greenman, Javad Gorjidooz

Publications

The World Bank Group (WBG) has provided grant and credits to support projects related to aviation and air transport including capacity building, policy and regulation, safety and security, infrastructure rehabilitation, and institutional strengthening for over 60 years. Today, the WBG remains actively engaged on aviation related project in every region of the world including the Pacific Island Countries. The purpose of this paper is to investigate the economic impact of WBG investments in aviation infrastructures in Pacific Island Countries. The preliminary results of this study show a serious deficiency in the areas of aviation infrastructure, safety and security, management efficiency, …

Impact Of Aquaculture On The Livelihoods And Food Security Of Rural Communities, Rajee Olaganathan, Alicia Tang Kar Mun

Publications

Aquaculture production has prospered rapidly since the 1970s and is considered as a part of the rural development program in many countries. The impacts of aquaculture on the rural communities in terms of livelihood and food security are assessed in this paper. Aquaculture contributes to the livelihood of the poor through improved employment and income. Aquaculture creates job opportunities for rural communities, especially for illiterate women to earn side income for the household. With increased financial ability, household manage to reflect stronger purchasing power and have better access to the resources. However, there is a controversy among the researchers whether …

Autarky Or Interdependence? U.S. Vs. European Security And Defense Industries In A Globalized Market, Diane Maye Zorri

Publications

Globalization theorists show how downward pressure to compete and/or

save costs in global markets will lead producers and consumers to source

goods and services in the cheapest and most efficient manner. However, in

certain sectors, such as the defense industry, security concerns and politics

can overshadow economic logic when it comes to making procurement

decisions. These political and security concerns keep the U.S. defense

industry from using the most cost-effective supply chains and

manufacturing centers, whereas in Europe, post-Cold War socioeconomic

and political realities allowed for more transnational cooperation on

defense procurement. Three cases serve to illustrate the spectrum between …

Crisis Leadership During The Great Recession Of 2008, Steven M. Walker, Matthew P. Earnhardt, Jason M. Newcomer, James W. Marion Jr, Jon C. Tomlinson

Publications

Understanding leadership characteristics, frameworks, components, and contexts that are beneficial to the guidance of organizational policy is useful for understanding the way in which leaders should act during a crisis. Recessions are common throughout economies; yet, many see recessions as crises. Due to the chaotic nature of economic recessions, leaders must work in conditions of uncertainty, complexity, and volatility. Therefore, using a qualitative phenomenological approach, an examination was conducted on leaders’ lived experiences of the Great Recession of 2008 to further understand the concept of crisis leadership. A discussion is included on the way in which leaders internalize and analyze …

Macroconstants Of Development: A New Benchmark For The Strategic Development Of Advanced Countries And Firms, Andrey V. Bystrov, Vyacheslav N. Yusim, Tamilla Curtis

Publications

This research proposed a new indicator of countries’ development called “macroconstants of development”. The literature review indicates that the concept of "macroconstants of development" is not used at the moment in neither the theory nor the practice of industrial policy. Research of longitudinal data of total GDP, GDP per capita and their derivatives for most countries of the world was conducted. An analysis of statistical information has been done by employing econometric analyses.

Based on the analysis of the statistical data, which characterizes the development of large, technologically advanced countries in ordinary conditions, it was identified that the average acceleration …

Economic Interrelationships And Impacts Of The Aviation/Aerospace Industry In The State Of Florida Using Input-Output Analysis, Kelly A. Whealan-George, Tim Brady, Ian Mcandrew, Irwin Price, Robert T. Clair

International Journal of Aviation, Aeronautics, and Aerospace

The study provided a detailed description of the interrelatedness of the aviation and aerospace industry with principal industries in Florida and Volusia County (VC) using Input-Output (IO) analysis. The economic impact measures included not only direct economic output and industry employment descriptions but also described the multiplier effects in the form of indirect and induced impacts using data for 2012.

This research concluded the average labor income of the aviation and aerospace industry was higher than average labor income in Florida and VC. A substantive difference between the Florida and VC average labor income for the aviation and aerospace industry …

An Analysis Of Airline Quality Rating Components Using Bayesian Methods, John H. Mott, Branden K. Avery

International Journal of Aviation, Aeronautics, and Aerospace

The Airline Quality Rating, a unique metric that is of interval scale and is comparable across carriers and time periods, is a quantitative evaluation of the quality of U.S. domestic air carriers based on data that is collected and published by the U.S. Bureau of Transportation Statistics. One may gain insight into the relationship of the AQR metric to the carriers to which it is applied by grouping those carriers and examining the effects of the resulting groupings on the four individual factors that comprise the AQR. This study used Bayesian hierarchical modeling techniques to examine the differences between three …

Effect Of Weather Delays On Shareholder Value: Evidence From The Airline Industry, Jayendra Gokhale, Sunder Raghavan

Publications

Airlines measure service quality based on different factors such as on-time performance, delays and cancellations, mishandled baggage and denied boardings. Among the above factors, recent studies show that long delays and cancellations have a major impact on airlines bottom line not only in terms of current costs but also in terms of loss of future revenue. Finance literature tells us that stock prices reflect the present value of future cash flows. In this paper we use event study methodology to examine how weather delay and cancellations affect current stock market returns for our sample airlines. We find some evidence that …

Economic Interrelationships And Impacts Of The Aviation/Aerospace Industry In The State Of Florida Using Input-Output Analysis, Kelly A. Whealan-George

Doctoral Dissertations and Master's Theses

The study provided a detailed description of the interrelatedness of the aviation and aerospace industry with principal industries in Florida and Volusia County (VC) using Input-Output (IO) analysis. Additionally, this research provided an economic impact analysis of the creation of a university research park in Daytona Beach (DB). The economic impact measures included not only direct economic output and industry employment descriptions but also described the multiplier effects in the form of indirect and induced impacts using data for 2012.

This research concluded the average labor income of the aviation and aerospace industry was higher than average labor income in …

Aerospace Renaissance – Ripe For Research To Impact The Industry, Constantine M. Koursaris, Brig. Gen. Robert E. Mansfield Jr. (Ret.)

Aviation / Aeronautics / Aerospace International Research Conference

The Center for Aviation and Aerospace Leadership (CAAL) was founded in 2008 to capture, create, and share relevant information on leadership in the aviation and aerospace industry.

The AIR is developed and published in collaboration with the Aerospace Industries Association and includes:

• Information on the status of aerospace manufacturing in the United States and state of the economy

• An in-depth review of sales across the various sectors of the industry, employment trends, key international trade statistics, financial information on the industry & major aerospace firms, trends to watch, and a forecast for the future based on a review …

Marbles: The Application Of Input-Output Concepts To Safety Management Systems, Tim Brady, A. Stolzer, Anthony Brickhouse, Antonio Cortes, Dan Mccune, Jayathi Raghavan, David Freiwald

Publications

The goal of this research was to apply the economic concept titled Input-Output Analysis to an aviation safety concept titled Safety Management Systems (SMS). Input-Output (IO) is based upon the interrelationships of various components of an economic system and what happens to the system when one or more of those components changes. Since SMS is, by definition, a system with definable components, the research sought to determine if the interrelationships between those components could be determined and quantified. The term ‘‘marbles’’ was used to describe the activities that led to the IO-SMS matrix. Marbles was used as a metaphor for …

New Environmental Demands And The Future Of The Helsinki−Tallinn Freight Route, Olli-Pekka Hilmola, Harri Lorentz, Dawna L. Rhoades

Publications

The environmental friendliness of short sea shipping has been justified in Europe by the ensuing lower congestion at hinterlands and unneeded large-scale infrastructure investments on roads and railways. However, the attractiveness of short sea shipping is about to change. This is because of increasing environmental regulations (International Maritime Organization (IMO) sulfur regulation in the Baltic Sea and planned CO2 emissions trading) and increased world market oil prices. In this research, we analyze this potential change using data envelopment analysis on the existing transportation chain alternatives in the Helsinki (Finland)−Tallinn (Estonia) short sea route (chains using either roro, ropax or container …