@inproceedings{2091e4ef7550405fb846110de0286807,
title = "Fleet development planning of airlines: Incorporating the aircraft operating economics factor",
abstract = "This study evaluates the effect of implementing a minimization of trip direct operating cost in aircraft allocation. The problem focus was the impact of fuel price projections on fleet development and fleet level metrics. Using the same user-defined aircraft production capacities, seat and freight load factors, and traffic growth rates projection as used in a previous study, uniform route group distances were defined and a comparison was made between the fuel burn minimization and DOC minimization methods. DOC minimization was estimated to result in a higher global fleet-wide fuel burn and CO2 emissions. Also, at a high fuel price, the cost-optimized fleet allocated more narrow-body aircraft, whereas more wide-body aircraft were allocated at a lower fuel price.",
keywords = "Aircraft allocation, Direct operating cost, Fleet planning, Jet fuel price",
author = "O. Oguntona and A. Cui and K. Ploetner and M. Hornung",
year = "2016",
language = "English",
series = "30th Congress of the International Council of the Aeronautical Sciences, ICAS 2016",
publisher = "International Council of the Aeronautical Sciences",
booktitle = "30th Congress of the International Council of the Aeronautical Sciences, ICAS 2016",
note = "30th Congress of the International Council of the Aeronautical Sciences, ICAS 2016 ; Conference date: 25-09-2016 Through 30-09-2016",
}