COST OPTIMIZATION IN INDONESIA'S FRACTIONAL AIRCRAFT OWNERSHIP MANAGEMENT SCHEME
Fractional Aircraft Ownership (FAO) is a concept of an aircraft 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. Compared to owning a private jet, this concept is a cheaper alternative for people with high travel...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/67463 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Fractional Aircraft Ownership (FAO) is a concept of an aircraft 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. Compared to owning a private jet, this concept is a cheaper alternative for people with high travel frequency. Owners in FAO will later pay a number of fees, namely aircraft ownership fees, monthly management fees, and occupied hourly fees. The scheme in FAO can be applied in Indonesia, which is an archipelagic country that contains 17,504 islands in it. In this thesis research, a simulation of the FAO ownership scheme in Indonesia will be carried out with 27 cities/regencies in Indonesia. First of all, the simulation is carried out by generating the owner's flight demand stochastically. Furthermore, the request will be scheduled in route pairs to make flight operational costs efficient. After performing these stages using several assumptions, the optimal number of aircraft can be determined by looking at the optimal profit and Rate of Return. From the simulation results, the optimal number of aircraft is 2 aircraft with a Rate of Return of 0.308% per year. |
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