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Fractional Aircraft Ownership (FAO) or Fractional Jets or Time-Share Jet Aircraft, is a type of aircraft ownership scheme whereby the aircraft acquisition costs are shared by several owners, and the use or utilization of the aircraft is based on the shares purchased. In the application of a FAO-sche...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/15548 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Fractional Aircraft Ownership (FAO) or Fractional Jets or Time-Share Jet Aircraft, is a type of aircraft ownership scheme whereby the aircraft acquisition costs are shared by several owners, and the use or utilization of the aircraft is based on the shares purchased. In the application of a FAO-scheme flight operations, Fractional Management Company (FMC) can utilize the main aircraft, reserve aircraft, or charter option to serve the owner, depending on availability of the aircraft. This final assignment is an effort to determine the level of aircraft utilization with various settings of the number of owners and owned share size. The study is conducted with a model simulation using Goldsim® software, with main airports in Indonesia as the destinations. Simulation iteration is done based on Monte Carlo method to predict the variation of owner demands. Results obtained from this final assignment shows that greater share size will increase utilization. But the addition of owners will lower the utilization due to lower share of the maximum size of each owner, and elements of preference and field data is needed to improve the level of accuracy of the simulation. |
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