Assets allocation and optimal route portfolio in the airline industry using risk-return approach
Other Title(s)
توزيع الأصول و تحقيق محفظة الخطوط المثلى في قطاع النقل الجوي باستخدام أسلوب العائد و المخاطرة
Dissertant
Thesis advisor
Comitee Members
Umat, Ghassan Muhammad Khayr
Salamah, Rashid Muhammad
University
Arab Academy for Financial and Banking Sciences
Faculty
The Faculty of Banking and Financial Sciences
Department
Department of Financial Management
University Country
Jordan
Degree
Ph.D.
Degree Date
2008
English Abstract
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.
Main Subjects
Financial and Accounting Sciences
Topics
No. of Pages
136
Table of Contents
Table of contents.
Abstract.
Chapter one : General framework.
Chapter two : Theoretical background.
Chapter three : Literature review.
Chapter four : Methodology.
Chapter five : Empirical analysis.
Chapter six : Discussion and conclusion.
References.
American Psychological Association (APA)
Fudah, Said Ibrahim Musa. (2008). Assets allocation and optimal route portfolio in the airline industry using risk-return approach. (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-306167
Modern Language Association (MLA)
Fudah, Said Ibrahim Musa. Assets allocation and optimal route portfolio in the airline industry using risk-return approach. (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences. (2008).
https://search.emarefa.net/detail/BIM-306167
American Medical Association (AMA)
Fudah, Said Ibrahim Musa. (2008). Assets allocation and optimal route portfolio in the airline industry using risk-return approach. (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-306167
Language
English
Data Type
Arab Theses
Record ID
BIM-306167
