Assets allocation and optimal route portfolio in the airline industry using risk-return approach

العناوين الأخرى

توزيع الأصول و تحقيق محفظة الخطوط المثلى في قطاع النقل الجوي باستخدام أسلوب العائد و المخاطرة

مقدم أطروحة جامعية

Fudah, Said Ibrahim Musa

مشرف أطروحة جامعية

al-Duri, Muayyad

أعضاء اللجنة

Umat, Ghassan Muhammad Khayr
Salamah, Rashid Muhammad

الجامعة

الأكاديمية العربية للعلوم المالية و المصرفية

الكلية

كلية العلوم المالية و المصرفية

القسم الأكاديمي

قسم الإدارة المالية

دولة الجامعة

الأردن

الدرجة العلمية

دكتوراه

تاريخ الدرجة العلمية

2008

الملخص الإنجليزي

The Airline industry has a claim to uniqueness in the economic field with a history of expansion well above global GNP growth rates, but still this industry in aggregate finds it difficult to earn - on a consistent basis-acceptable returns on investment.

The goal of this dissertation is to introduce an optimization model to solve the performance volatility problem.

This will be done by exploring to which extent can airline companies depend on routes profitability, routes risk, and correlation between routes to construct an optimal route portfolio that maximize company's value, given the market competition structure and the company's own strategy? To achieve this goal, we designed a questionnaire, which was distributed to 60 companies, targeting Finance and Planning personnel, in which we analyzed 32 questionnaires.

The data analysis to test the several hypotheses included the use of Pearson Correlations, t-Tests, and multiple regression analysis, in addition to the use of the descriptive statistics to identify sample characteristics.

The results showed that routes profitability, routes risk and correlation among routes lead to achieving the goal of optimizing company's value working in the airline sector.

In addition, introducing a specific business strategy for the company along with the market competition structure, mainly in monopolistic structure, will help companies in reducing earning volatility and thus enhancing company's value on the long term horizon.

This study also provides interesting new sights into the importance of this model in supporting top management in enhancing key strategic decisions, such as fleet planning, flight scheduling, pricing and marketing activities, network optimization, and opening new route.

The results demonstrate the appropriateness of the developed model and its ability to provide airline industry with future information vital to maximize airline companies' value during planning and design processes.

التخصصات الرئيسية

العلوم المالية و المحاسبية

الموضوعات

• الإدارة
• التمويل
• الاستثمارات
• القروض
• التخطيط
• المضاربة
• خطوط الطيران

عدد الصفحات

136

قائمة المحتويات

• APA
• MLA
• AMA

لغة النص

الإنجليزية

نوع البيانات

رسائل جامعية

رقم السجل

BIM-306167