Case analysis 3
Case analysis two will be due on Thursday, September 24, at midnight. The topic of this case analysis should be related to Chapter 6. Send it to me as a Word document attached to an email message. Send it to me through Canvas.
You are limited to no more than four pages: Title page, the analysis (no more than two pages), and the reference list. Be sure to submit your analysis as a Word document.
I recommend three to five sentences for each section, with exception of section four, Alternative Actions. The table format that I provided is a very useful approach to alternative actions.
Here are some lessons learned from Case Analysis One:
1. Use the case analysis template that I provided: it is set up with running head, page numbers, format, reference list, etc.
2. Be sure in-text citations are properly aligned with reference list entries. You probably don’t need more than three to four sources. You should have one in-text citation for each section. They do not have to be different sources. You can use one source several times. All sources must be cited in accordance with the APA, 7th edition. It is a good idea to bring the textbook into your analysis.
3. The introduction sets the foundation for your analysis.
4. The problem statement should be stated right upfront. Don’t expect me to figure out what your problem is, tell me: “The problem is….”
5. The problem statement becomes the central theme of your analysis. Everything must be attached to it.
6. After “The problem is…” everything else in the problem statement should tell me what caused the problem and/or what contributes to it.
7. Significance of the problem is the result of the problem. If the problem is not corrected what will result.
8. Alternative actions, are corrective actions, what you would do to correct the problem. Tell me the reason for your alternatives and then provide two advantages and two disadvantages.
9. The recommendation is your chance to fix the problem if you had unlimited resources. If you were Jeff Besos what would you do? Provide your recommendation, with rationale, one advantage, and one disadvantage.
10. Then, make sure your reference list is representative of your work.
I uploaded the . Case Analysis rubric and a sample of a case analysis .let that helps you to make this one
Chapter 6
Aviation Insurance
Chapter Six
Aviation Insurance
In law and economics, insurance is an essential component of risk management
Hedge against risks of uncertain loss
Equitable transfer of risk or loss,
From one entity to another,
In exchange for payment
Aviation Insurance
Determine insurance needs
Acquire appropriate coverage
Ensure insurance meets your needs
Does not set you up for failure
Changing circumstances: update coverage
Aviation Insurance
Fundamentals
Sales
Agents:
represent companies, and
receive commission on sales
Broker:
not bound to one company,
represents the buyer,
receives commission on sales
Aviation Insurance
Fundamentals
Insuring and Underwriting the Risk
Insurance Companies
In GA,
Most policies issued from a single insurance company
Covers entire risk
Aviation Insurance
Fundamentals
Insuring and Underwriting the Risk
Underwriters
Airlines spread the risk over several underwriters
Clearing house offers a package deal made up of several underwriters
Aviation Insurance
Fundamentals
Insuring and Underwriting the Risk
Aviation Managers- insurance company employee
Review applications
Decide whether customer is insurable
Determine price of coverage
Aviation Insurance
Fundamentals
Claims
Report immediately to your insurance company
Insurance adjuster will be assigned
Works for the insurance company
Investigates claims
Makes settlement offer
Aviation Insurance
Fundamentals
Principles of insurance
Spread the risk and/or minimize the risk
Insurance spreads the risk
Use several underwriters
Diversify coverages
Reinsurance, insurance for insurers
Aviation Insurance
Fundamentals
Principles of insurance
Insurance minimizes the risk
Selective coverage
Incentive for safe operations
Assist safety programs
Policies may be cancelled
Aviation Insurance
Coverage
Aircraft insurance
Liability coverage
Passengers, persons and property on the ground,
Other aircraft and their occupants
Does not cover crewmembers
Aviation Insurance
Coverage
Aircraft insurance
Policy limits
Single limit
Per person
Aviation Insurance
Coverage
Liability insurance
Single limit
$1M policy
Covers up to $1M
Total paid for all injuries
Aviation Insurance
Coverage
Liability insurance
Per person
$1M policy, total limit
Sublimit of $100,000
Per person, passenger
Aviation Insurance
Coverage
Aircraft insurance
Hull Coverage
May not include engines
All risks, operable aircraft
While not in flight, non-operable aircraft
While not in motion, non-operable aircraft
While rotors are in motion/not in motion (helicopters)
Aviation Insurance
Coverage
Aircraft insurance
Valuation
Stated value, the amount the insurance will pay
Careful consideration
Cost of a comparable aircraft
Re-evaluate on an annual basis
Aviation Insurance
Coverage
Aircraft insurance
Valuation
Current market value
Based upon aircraft market
Condition of the aircraft prior to an accident
Complicated, rarely used
Lenders require hull insurance
Aviation Insurance
Coverage
Purpose of use, flight operations covered
Pleasure and business
Personal, pleasure flying incidental to or in direct connection with a business
Excludes for hire or compensation
Does not cover any commercial operation
Aviation Insurance
Coverage
Purpose of use, flight operations covered
Industrial Aid
Personal and pleasure flying, as well as
Transportation of executives, employees, guest, and customers
Excluding any commercial operation
Aviation Insurance
Coverage
Purpose of use, flight operations covered
Commercial, excludes Instructional or Rental
Pleasure and business
Industrial aid
Transportation of passengers/cargo for hire
Does not include flight instruction/rental
Aviation Insurance
Coverage
Purpose of use, flight operations covered
Limited commercial
Pleasure and business
Industrial aid
Commercial flight instruction/Rental
Excludes carrying passengers/cargo for hire
Aviation Insurance
Coverage
Purpose of use, flight operations covered
Commercial
Full commercial
Every kind of operation
Excludes special use
Aviation Insurance
Coverage
Purpose of use, flight operations covered
Special use
Agriculture, operations requiring waiver,
Aerial firefighting, helicopter external load
Helicopter flight instruction
Banner towing
Fish spotting
Powerline/pipeline patrol
EMS
Aviation Insurance
Coverage
Pilot qualification
Do not allow unqualified pilots operate aircraft
Review insurance policy whenever a company change occurs
Logbooks should carefully record all flying time
Aviation Insurance
Coverage
Murphys Law: an accident will occur:
Before insurance is effective
After insurance has expired
Within a policy exclusion or endorsement
During a purpose that is not covered
When an unqualified pilot is in command
Aviation Insurance
Coverage
Endorsements and exclusions
Fine tune the policy
May require additional premiums
May be used by the insurer to deny coverage
Aviation Insurance
Coverage
Endorsements and exclusions
Lienholders interest endorsement
Loss payee=the bank
Breach of warranty endorsement
Ensures the lienholder is paid
Even if the owner-operator would not be paid due to circumstances of the loss
May require continued payment to insurance company
Aviation Insurance
Coverage
Endorsements and exclusions
Waiver of Subrogation endorsement
Allows insurance company to
Sue anyone other than the insured
That has contributed to the accident
Proximate cause
Aviation Insurance
Coverage
Endorsements and exclusions
War Risk Exclusion and Insurance
Relieves insurer from making restitution as a result of:
Aviation Insurance
Coverage
Endorsements and exclusions
FAR Violation Exclusion Clause
Operations in violation of an FAR
Excluded from coverage
Carte Blanc to insurance companies
14 CFR 91.13-careless operation is a catch-all
Avoid policies with this endorsement
Aviation Insurance
Coverage
Ordering the Policy
Agent/broker with authority to bind coverage
If so, a binder locks in your insurance
If not, your policy will undergo a review by the insurance company before it goes into effect
Aviation Insurance
Coverage
Reviewing the Policy
Sit down and read it, cover to cover
Verify you got what you paid for
Get clarification on anything you dont understand
What will be covered
How much will be paid
Aviation Insurance
Coverage
Your policy is dynamic, things change:
Are special flight permits covered?
Geo-political, flights into foreign countries, riot zones, natural disasters
Warning of Policy Expiration, dont let your policy lapse because you forgot
Aviation Insurance
Coverage
Unmanned Aircraft Insurance
Aircraft in the eyes of the law and insurers
Insurance companies are prepared to serve
sUAS may be covered through membership in Academy of Model Aeronautics, et al.
Some homeowners insurance covers UAS
For commercial UAS operations liability and hull insurance is available
Aviation Insurance
Coverage
Spacecraft Insurance
Required by Commercial Space Launch Act 14 CFR 440.9
Cover injuries to persons or property on the ground
U.S. Government indemnifies launch operations
Provides up to $1.5 Billion for claims above and beyond the amount covered by insurance
Aviation Insurance
Coverage
Airport Liability Insurance
Premises Liability covers:
Injuries to nonemployees at your place of business
Slips, trips, and falls
Hangarkeepers Liability covers:
Damage to aircraft while they are in your care
Flight check, ground handling, etc.
Aviation Insurance
Coverage
Product Liability-maintenance performed
Repair, overhaul, paint, inspections
Supplemental Type Certificates (STCs)
Supplies/parts
Petroleum, oils, lubricants
Products and completed operations
Aviation Insurance
Coverage
Aircraft Title Insurance
Protects against discrepancies in the title
Defects that were not discovered in title search
Typical in sale/purchase of business aircraft
Aviation Insurance
Coverage
Prepaid Legal Services/Lost License Insurance
Memberships include or offer legal services
Covers part of legal expenses
Pay part of monetary fines
Provides income during suspension/revocation
Cost of learning another trade
Aviation Insurance
Coverage
Excess liability insurance
Purchase enough insurance to cover worst case scenario
Excessive cost may require supplemental coverage
Applied after all other liability policies are exhausted
Aspect of Risk Management
Aviation Insurance
Claims
Duties of the Insured to insurance companies
Pay premiums on time
Truthful in all circumstances
Cooperative
Aviation Insurance
Claims
Insurance Companies duties for liability claims
Indemnify (compensation/cover) the insured
Court defense (except negligent or strictly liable)
Pay resulting judgements
Settle the claim
Aviation Insurance
Claims
Insurance Companies duties for hull damage
Pay for repairs
Pay off the aircraft
Pay for replacement or some part of it
Insurance companies may take possession of the wreckage
Aviation Insurance
Claims
Investigation and determination of coverage
Insurance adjuster
Purpose of use
Pilot qualifications, endorsements, exclusions, et al.
Facts and circumstances of the accident
Determine if the claim is covered
Aviation Insurance
Claims
Subrogation
An insurance company pays a claim, and
Assumes the role of the insured, then
Has the right to pursue claims, against
Any person the insured may have a claim against
Waiver of subrogation endorsement may protect those that rent aircraft
Aviation Insurance
Uninsured Risks
Skydiving
Hot Air Balloon Bungee Jumping
Exculpatory contracts may offer some relief
However, why tempt nature
Could be time to clean the gene pool Running head: CASE ANALYSIS EXAMPLE
1
CASE ANALYSIS EXAMPLE
3
Case Analysis
Robust Airline Schedule Planning
Your Name
Section Number
College of Aeronautics
Florida Institute of Technology
Submitted in partial fulfillment of the requirements of
AVM 4302 Aviation Law
Introduction
The construction of timetables for an airline is composed of aircraft and crew. Crew cost is the biggest controllable expenditure for an airline and effective crew assignment is a very important aspect of planning (Gopalakrishnan & Johnson, 2005). Wensveen (2016) defines: airline scheduling as the art of designing systemwide [sic] flight patterns that provide optimum public service, in both quantity and quality, consistent with the financial health of the carrier (p. 388). An airlines decision to offer certain flights is dependent on market demand forecasts, available aircraft operating characteristics, available work force, regulations, and the behavior of competing airlines (Bazargan, 2010, p. 31).
Problem
The problem is that the airline scheduling process in its entirety is very complex. Flight scheduling is the starting point for all other airline planning and operations (Bazargan, 2010, p. 31). Airlines are faced with a number of issues that they have no control over (e.g., illness, weather, volcanoes, earthquakes, etc.). Adding to the complexity are human factors, cultural issues, political issues, and more. Vast numbers of rules and regulations associated with airports, aircraft, and flight crews combined with the global expanse of air traffic networks has a direct impact on the scheduling process.
Significance of the Problem
When a problem arises that has an impact on the schedule that impact can ripple throughout the airlines network (Hamilton & Nilsson, 2010a). In some cases, a delay at a hub airport can have an impact on travelers around the globe. In 2006, the North American airline industry experienced a total of 116.5 million minutes of delay, totaling a $7.7 billion increase in operating costs. Passengers are typically unsympathetic to delays, as far as a passenger is concerned it is the airlines fault. With advancements in internet ticketing, travelers readily avoid an airline with poor on-time performance.
Development of Alternative Actions
Alternative Action 1
Airline and railway modes of transportation should form an intermodal alliance (Iatrou & Oretti, 2007, p. 88). This would enable travelers an option to continue with their travel plans.
Advantages. Access to airports through dedicated public transport could reduce problems associated with road traffic delays around airports. Iatrou and Oretti (2007) suggest an intermodal alliance near airports for quicker access to and from the airport (p. 89).
Disadvantages. The absence of interconnectivity, where air and rail industries have different infrastructures without common rules and facilities (Iatrou & Oretti, 2007, p. 89). High-speed rail links to airports are not profitable in the short-term.
Alternative Action 2
Extend flight schedules by extra minutes to boost on-time performance (McCartney, 2012).
Advantages. Passengers would spend less time on aircraft (McCartney, 2012). Airlines will have fewer planes sitting at terminal gates awaiting connecting passengers.
Disadvantages. An aircraft departing late for a flight will run late for the rest of its flight pattern for that day, and delays can grow exponentially (McCartney, 2012). A flight off the gate late may find a long line of planes waiting to take off or may find that the gate is no longer available at its destination resulting in an extended wait period (McCartney, 2012). The alternative actions may be presented in table form (see Table 1).
Recommendation
Sequential airline schedule planning of aircraft routing and flight crew-pairing decisions are made simultaneously to minimize flight crew and aircraft operating costs (Hamilton & Nilsson, 2010b). The advantage would be quicker turnaround time increasing aircraft utilization. The disadvantage would be flight crews and passengers with less time to connect between their flight legs (Wensveen, 2016). 3
References
Bazargan, M. (2010). Flight scheduling. In Airline operations and scheduling (2nd ed., pp. 31-40). Burlington, VT: Ashgate.
Gopalakrishnan, B., & Johnson, E. L. (2005). Airline crew scheduling: State-of-the-art. Annals of Operations Research, 140(1), 305-305. doi: 10.1007/s10479-005-3975-3
Hamilton, J. S., & Nilsson, S. (2020a). Practical aviation & aerospace law (7th ed.). Newcastle, WA: Aviation Supplies & Academics.
Hamilton, J. S., & Nilsson, S. (2020b). Practical aviation & aerospace law: Workbook (7th ed.). Newcastle, WA: Aviation Supplies & Academics.
Iatrou, K., & Oretti, M. (2007). Once rivals, now partners; how? In Airline choices for the future: From alliances to mergers (pp. 59-90). Burlington, VT: Ashgate.
McCartney, S. (2012, June 14). The middle seat: Reality check: Why airlines are shrinking flight times. Wall Street Journal. Retrieved from the Embry-Riddle Aeronautical University, Hunt Library website: http://search.proquest.com.ezproxy.libproxy.db.erau.edu/docview/1020180498?accountid=27203
Wensveen, J. G. (2016). Principles of airline scheduling. In Air transportation: A management perspective (8th ed., pp. 387-416). Burlington, VT: Ashgate.
Expectations of the Case Analysis Assignment
The introduction should set the stage, establish the environment, set out the nature of the problem. You should consider that you are establishing the context within which your problem exists. You must have in-text citation to substantiate your introduction.
The case analysis assignment requires you to identify and isolate just one problem. This problem should be well developed, where did it come from, why is it able to exist? What conditions and/or factors caused it or contributed to it? Your problem statement is the common thread that you weave throughout your analysis, everything must be connected to your problem. You must have in-text citation to substantiate your problem statement.
The significance of the problem is the result of the problem not being solved. You need to indicate what will happen if your problem is not addressed or fixed. This is your opportunity to tell management they need to do dedicate appropriate resources to fix the problem. You need in-text citation to substantiate the significance of your problem.
Alternative actions are corrective actions based upon the textbook and/or magazine/journal article and/or other sources you are using. You need two alternative actions, each much have reason or rationale, and two advantages and two disadvantages. Here again in-text citation must be used to substantiate your alternative courses of action.
The recommendation must be separate and distinctly different than either alternative action. You should consider what you would do to correct the problem if you had unlimited resources. The recommendation must have reason or rationale, one advantage and one disadvantage. And, in-text citation must be used to substantiate your recommendation.
A reference list (in accordance with the Publication Manual of the American Psychological Association) must be compiled based solely upon the sources you used to substantiate your analyses.
Table 1
Matrix Format for Alternative Actions
Alternative Actions
Rationale
Advantages
Disadvantages
1. Meet existing
Existing
a. Reduces cost.
a. Additional
requirements as
requirements meet
b. No layoffs.
oversight.
Specified in Jacobs and
or exceed FAA
b. Government
Chase (2011).
safety standards.
waste.
2. Change existing
Safety can always be
a. Reflects a
a. Takes a lot
requirement.
improved upon.
positive approach
time to make
to safety.
changes.
b. Projects a
b. Results are
safety first
readily
philosophy.
available.
Note. This example is intended to demonstrate how a table can be used. This example includes an in-text and proper APA table formatting. Case_Analysis
Introduction (10%)
Superior (9.0-10%) Above Average (8.0-8.9%) Average (7.0-7.9%) Below Average (6.0-6.9%) Failure (less than 6.0%) %
Thoroughly reflective and evidence-based. Above and beyond instructor expectations. Highly reliable; no or minimal explanation required. High degree of validity; assessment requirements are clearly met or exceeded. Acceptably reflective and evidence-based. Above instructor expectations. Above average reliability; acceptable amount of explanation may be required. Above average degree of validity; assessment requirements clearly met. Minimally reflective and evidence-based. Meets instructor expectations. Average reliability; some explanation would be required. Average degree of validity; assessment requirements are minimally met.
Reflection below average. Not supported by credible sources. Does not meet expections. Below average reliability; extensive explanation required. Unacceptable degree of validity; does not meet assessment requirements.
No reflection is evident. No credible sources. Not reliable; student could not provide an explanation. Fails to demonstrate validity; does not meet assessment requirements.
0
Problem Statement (20%)
Superior (18.0-20%) Above Average (16.0-17.9%) Average (14.0-15.9%) Below Average (12.0-13.9%) Failure (less than 12.0%) %
Comprehensively identifies and isolates one specific problem. Identifies factors contributing to the problem with accurate details. Substantiates problem statement with external source(s). Identifies and isolates one specific problem. Identifies some factors contributing to the problem with accurate details. Substantiates problem statement with external source(s). Identifies and isolates a problem with some evidence of contributing factors. May be lacking substantive support of the problem statement. Uses assumptions and has missing information that are not revealed and addressed at any level. Writing generally shows minimal evidence the student has done the required research and analysis, consisting instead of opinions, feelings and impressions. Writing generally shows no evidence the student has done the required research and analysis, consisting instead of opinions, feelings and impressions.
0
.
Significance of the Problem (20%)
Superior (18.0-20%) Above Average (16.0-17.9%) Average (14.0-15.9%) Below Average (12.0-13.9%) Failure (less than 12.0%) %
Clearly establishes problem significance. Argument based on relevant concepts, theories, and frameworks. Outcome predictions support immediate action. Identifies outside sources of support. Establishes problem significance. Well-supported argument based on relevant concepts, theories, and frameworks. Outcome predictions support immediate action while using some outside sources of support. A valid argument with at least some reference to relevant concepts, theories and/or frameworks is present; exhibits thoughtfulness; makes some effort towards predicting outcomes. Arguments presented, if any, are mostly from opinion and not from evidence; while containing little linkage to relevant concepts, theories and/or frameworks. Arguments presented, if any, are from opinion and not from evidence; while containing no linkage to relevant concepts, theories and/or frameworks.
0
Alternative Actions (20%)
Superior (18.0-20%) Above Average (16.0-17.9%) Average (14.0-15.9%) Below Average (12.0-13.9%) Failure (less than 12.0%) %
Thorough approach to problem resolution. Rationale for alternatives clearly articulated. Insightful advantages, disadvantage thoroughly support implementation alternative actions. Decision could be made based upon information provided. Realistic approach to problem resolution. Rationale for alternatives provided. Advantages, disadvantages give cause to consider either one or the other alternative actions. Decision probably could be made with information provided. An approach to problem resolution provided. Rationale for alternatives is provided. Advantages, disadvantages are present. Outcome of implementing alternatives is not clear. Decision could possibly be made based on information provided. Problem resolution is not clear. Rationale, advantages/disadvantages are not complete or do not support the analysis. A decision based upon either alternative would be difficult to make without a great deal of additional information. No problem resolution is present. Rationale, advantages, disadvantages are not present, incomplete, or incoherent. A decision based upon either alternative would be not be possible.
0
Recommendation (10%)
Superior (9.0-10%) Above Average (8.0-8.9%) Average (7.0-7.9%) Below Average (6.0-6.9%) Failure (less than 6.0%) %
Creative resolution. Rationale clear, supportive. Advantage, disadvantage balanced, substantiate objective analysis; separate, distinctly different from either Alternative Action. Challenges either Alternative. Enables decision. Creative resolution. Rationale is supportive. Advantage, disadvantage balance analysis; different from Alternative Actions. Presents a challenge to Alternatives. Decision could be made solely based upon the information provided. Somewhat creative approach. Rationale stated. Advantage, disadvantage mostly balanced; different than Alternatives. Recommendation may replace one or the other Alternative Action. Decision would require additional information, explanation. Minimally creative. Rationale not clear. Advantage, disadvantage not balanced, not distinctly different than Alternatives, fail to provide an objective solution to the problem. Would not replace either Alternative Action. Decision not possible. No problem resolution is present. Rationale, advantage, disadvantage are not present, incomplete, or incoherent. A decision would not be not be possible.
0
Mechanics (10%)
Superior (9.0-10%) Above Average (8.0-8.9%) Average (7.0-7.9%) Below Average (6.0-6.9%) Failure (less than 6.0%) %
Uses proper APA citations and references; grammatically-sound and free of spelling errors, follows required formatting rules; and fully addresses given assignment. Proper use APA with few errors found. Above average grammatically, mostly free of spelling errors, follows required formatting rules; and fully addresses given assignment. Citations are sometimes missing and/or are incorrect; an acceptable level of writing is exhibited, even with mistakes, the communication is clear. Very little support of citation; grammar, spelling, and/or word choice errors are frequent enough that the communication is muddled. The analysis is jeopardized by the extent of errors. Lack of any sort of citation. Grammar, spelling, and/or word choice errors are frequent enough that the analysis is incomprehensible. The extent of errors renders the analysis incomprehensible.
0
Course Learning Objectives (CLOs) (10%)
Superior (9.0-10%) Above Average (8.0-8.9%) Average (7.0-7.9%) Below Average (6.0-6.9%) Failure (less than 6.0%) %
Thoroughly accomplished all aspects of the three CLOs for the AVM 4302 Aviation Law. Significantly accomplished all aspects of the three CLOs for the AVM 4302 Aviation Law. Average accomplishment of all three CLOs for the AVM 4302 Aviation Law. Did not satisfactorily accomplish all three CLOs, poor quality. Only __ CLOs were addressed. Did not accomplish an acceptable degree of the three CLOs, did not demonstrate an acceptable level of comprehension. Only __ CLOs were addressed.
0
0
Section 1 &”Times New Roman,Bold”&14AVS 4302 Case Analysis Rubric Fall 2020
