Document Type

Article

Publication Date

4-2014

Publication Title

Prime Journal of Business Administration and Management

Volume

4

Abstract

The economic benefits of safety programs in aviation operations in the United States are undeniable. Making a strong business case for these programs is not easy, since safety is not tangible until there are accidents and incidents. Safety Management System (SMS) is an organized approach to a systemic safety improvement and challenges the safety professional to quantify the return on investment from safety programs. The economic impact of safety occurrences on aviation operations is explored. An analysis of case study models and the financial merits of implementing proactive safety initiatives like SMS in a collegiate aviation program are explored. The outcome of the study shows that SMS as an investment portfolio has varying rates of return on investment, but overall highly positive for operations. It is envisaged that these case study models would help aviation safety professionals present a clear and strong financial case to aviation top management.

Issue

4

First Page

1442

Last Page

1450

ISSN

2251-1261

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