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This paper models and simulates a government-contractor principal-agent weapon system repair model. Insights are derived as to how government repair contracts should be constructed so as to induce optimal contractor behavior. The paper's general conclusion is that the best contracting approach...
Persistent link: https://www.econbiz.de/10009215184
An availability-oriented approach has been developed to decide when to replace an aging system. For an existing system, it is optimal to operate another year if and only if the incremental cost per available year is less than the lifetime average cost per available year of a new aircraft. We...
Persistent link: https://www.econbiz.de/10005279172
international environment, with potentially less opportunities in the future due to NextGen compliance. A critical view of pilot …
Persistent link: https://www.econbiz.de/10012043086
upstream firms (i.e., suppliers). Using the pilot licensing status of the CEOs as a proxy for their inherent risk tolerance, we … find that customer firms led by pilot CEOs are associated with suppliers' investment inefficiency, where investment …
Persistent link: https://www.econbiz.de/10013201366
energy extraction. This is done by the design of a tracking system known as the PILOT and cells rotating system known as … PANEL. First the system is oriented towards the east waiting for sun to rise. When this happens, the PILOT keeps tracking … converter always lines the PILOT with the sun. Two identical light dependent resistors (LDR) are mounted, one on the PILOT and …
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