Engineering PapersSearch

Engineering topics

Kneafsey, J. T.

Publications and source records attributed to Kneafsey, J. T..

Economics of technological change - A joint model for the aircraft and airline industries

The principal focus of this econometric model is on the process of technological change in the U.S. aircraft manufacturing and airline industries. The problem of predicting the rate of introduction of current technology aircraft into an airline's fleet during the period of research, development, and construction for new technology aircraft arises in planning aeronautical research investments. The approach in this model is a statistical one. It attempts to identify major factors that influence transport aircraft manufacturers and airlines, and to correlate them with the patterns of delivery of new aircraft to the domestic trunk carriers. The functional form of the model has been derived from several earlier econometric models on the economics of innovation, acquisition, and technological change.

Kneafsey, J. T.

An economic model of the manufacturers' aircraft production and airline earnings potential, volume 3

A behavioral explanation of the process of technological change in the U. S. aircraft manufacturing and airline industries is presented. The model indicates the principal factors which influence the aircraft (airframe) manufacturers in researching, developing, constructing and promoting new aircraft technology; and the financial requirements which determine the delivery of new aircraft to the domestic trunk airlines. Following specification and calibration of the model, the types and numbers of new aircraft were estimated historically for each airline's fleet. Examples of possible applications of the model to forecasting an individual airline's future fleet also are provided. The functional form of the model is a composite which was derived from several preceding econometric models developed on the foundations of the economics of innovation, acquisition, and technological change and represents an important contribution to the improved understanding of the economic and financial requirements for aircraft selection and production. The model's primary application will be to forecast the future types and numbers of new aircraft required for each domestic airline's fleet.

Kneafsey, J. T.

The impact of changing technology on the demand for air transportation

Demand models for air transportation that are sensitive to the impact of changing technology were developed. The models are responsive to potential changes in technology, and to changing economic, social, and political factors as well. In addition to anticipating the wide differences in the factors influencing the demand for long haul and short haul air travel, the models were designed to clearly distinguish among the unique features of these markets.

Kneafsey, J. T.

Basic Transportation Economics

Transportation economics is an integral part of all transportation activities. Refined, detailed, and careful economic analyses consider conduct-performance methodology and the specifications of production, cost and demand functions.

Kneafsey, J. T.

Objectives of the Airline Firm: Theory

Theoretical models are formulated for airline firm operations that revolve around alternative formulations of managerial goals which these firms are persuing in practice. Consideration is given to the different objective functions which the companies are following in lieu of profit maximization.

Kneafsey, J. T.