IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v50y2020i1p21-36.html
   My bibliography  Save this article

Safer Skies over Spain

Author

Listed:
  • Verónica Elvira

    (Agencia Estatal de Seguridad Aerea, 28020 Madrid, Spain;)

  • Francisco Bernal

    (Agencia Estatal de Seguridad Aerea, 28020 Madrid, Spain;)

  • Pablo Hernandez-Coronado

    (Administrador de Infraestructuras Ferroviarias, 28020 Madrid, Spain;)

  • Esperanza Herraiz

    (Comision de Investigacion de Accidentes e Incidentes de Aviación Civil, 28020 Madrid, Spain;)

  • Cesar Alfaro

    (Rey Juan Carlos University, Móstoles, 28933 Madrid, Spain;)

  • Javier Gomez

    (Rey Juan Carlos University, Móstoles, 28933 Madrid, Spain;)

  • David Rios Insua

    (Royal Academy of Sciences, 28004 Madrid, Spain; ICMAT-CSIC, 28049 Madrid, Spain)

Abstract

Agencia Estatal de Seguridad Aerea, the Spanish aviation safety and security agency, applied an innovative risk-analysis methodology and decision support system, developed in partnership with the Spanish Royal Academy of Sciences, to improve Spain’s national aviation safety. The agency uses several analytics methods to forecast the likelihood and impact of various types of safety occurrences. This enables management to focus attention and resources where they will be most effective. For example, a nonlinear optimization model allocates inspection resources. The result has been a major improvement in aviation safety, which led to reductions in aircraft repairs, maintenance, delays, and expenses. The agency estimated annual savings to be about 800 million euros in equivalent safety costs.

Suggested Citation

  • Verónica Elvira & Francisco Bernal & Pablo Hernandez-Coronado & Esperanza Herraiz & Cesar Alfaro & Javier Gomez & David Rios Insua, 2020. "Safer Skies over Spain," Interfaces, INFORMS, vol. 50(1), pages 21-36, January.
  • Handle: RePEc:inm:orinte:v:50:y:2020:i:1:p:21-36
    DOI: 10.1287/inte.2019.1018
    as

    Download full text from publisher

    File URL: https://doi.org/10.1287/inte.2019.1018
    Download Restriction: no

    File URL: https://libkey.io/10.1287/inte.2019.1018?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Viscusi, W Kip & Aldy, Joseph E, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
    2. repec:reg:rpubli:282 is not listed on IDEAS
    3. Rios Insua, D. & Alfaro, C. & Gomez, J. & Hernandez-Coronado, P. & Bernal, F., 2018. "A framework for risk management decisions in aviation safety at state level," Reliability Engineering and System Safety, Elsevier, vol. 179(C), pages 74-82.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Khalil, Umair, 2017. "Do more guns lead to more crime? Understanding the role of illegal firearms," Journal of Economic Behavior & Organization, Elsevier, vol. 133(C), pages 342-361.
    2. Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 15 (Cost-Effectiveness and Cost-Utility Analysis)," Development Discussion Papers 2011-15, JDI Executive Programs.
    3. Muhammad Rafiq & Mir Kalan Shah, 2010. "The Value of Reduced Risk of Injury and Deaths in Pakistan—Using Actual and Perceived Risk Estimates," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 49(4), pages 823-837.
    4. Marcela Parada-Contzen & Andrés Riquelme-Won & Felipe Vasquez-Lavin, 2013. "The value of a statistical life in Chile," Empirical Economics, Springer, vol. 45(3), pages 1073-1087, December.
    5. Min Gong & David Krantz & Elke Weber, 2014. "Why Chinese discount future financial and environmental gains but not losses more than Americans," Journal of Risk and Uncertainty, Springer, vol. 49(2), pages 103-124, October.
    6. Ryan Edwards, 2013. "The cost of uncertain life span," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(4), pages 1485-1522, October.
    7. James K. Hammitt, 2020. "Valuing mortality risk in the time of COVID-19," Journal of Risk and Uncertainty, Springer, vol. 61(2), pages 129-154, October.
    8. Sandra Schaffner & Hannes Spengler, 2005. "Der Einfluss unbeobachteter Heterogenität auf kompensatorische Lohndifferentiale und den Wert eines statistischen Lebens: eine mikroökonometrische Parallelanalyse mit IABS und SOEP," Discussion Papers of DIW Berlin 539, DIW Berlin, German Institute for Economic Research.
    9. Moreno Gigi & van Eijndhoven Emma & Benner Jennifer & Sullivan Jeffrey, 2017. "The Long-Term Impact of Price Controls in Medicare Part D," Forum for Health Economics & Policy, De Gruyter, vol. 20(2), pages 1-56, December.
    10. French, Michael T. & Gumus, Gulcin & Homer, Jenny F., 2009. "Public policies and motorcycle safety," Journal of Health Economics, Elsevier, vol. 28(4), pages 831-838, July.
    11. James J. Heckman, 2015. "Introduction to A Theory of the Allocation of Time by Gary Becker," Economic Journal, Royal Economic Society, vol. 0(583), pages 403-409, March.
    12. Kuhn, Michael & Frankovic, Ivan & Wrzaczek, Stefan, 2017. "Medical Progress, Demand for Health Care, and Economic Performance," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168249, Verein für Socialpolitik / German Economic Association.
    13. Hippolyte d’Albis & Emmanuel Thibault, 2018. "Ambiguous life expectancy and the demand for annuities," Theory and Decision, Springer, vol. 85(3), pages 303-319, October.
    14. Nicholas Z Muller & Akshaya Jha, 2017. "Does environmental policy affect scaling laws between population and pollution? Evidence from American metropolitan areas," PLOS ONE, Public Library of Science, vol. 12(8), pages 1-15, August.
    15. Gopal K. Basak & Chandramauli Chakraborty & Pranab Kumar Das, 2021. "Optimal Lockdown Strategy in a Pandemic: An Exploratory Analysis for Covid-19," Papers 2109.02512, arXiv.org.
    16. Donald F. Vitaliano, 2019. "Estimation of Wage–Risk Differentials Without Wages," The American Economist, Sage Publications, vol. 64(2), pages 188-196, October.
    17. Nikolaos Georgantzis & Efi Vasileiou, 2014. "Are Dangerous Jobs Paid Better? European Evidence," Research in Labor Economics, in: New Analyses of Worker Well-Being, volume 38, pages 163-192, Emerald Group Publishing Limited.
    18. Aaron Sojourner, "undated". "Partial identification of willingness-to-pay using shape restrictions with an application to the value of a statistical life," Working Papers 0110, Human Resources and Labor Studies, University of Minnesota (Twin Cities Campus).
    19. Ewa DUDEK & Karolina KRZYKOWSKA-PIOTROWSKA & Mirosław SIERGIEJCZYK, 2020. "Risk Management In (Air) Transport With Exemplary Risk Analysis Based On The Tolerability Matrix," Transport Problems, Silesian University of Technology, Faculty of Transport, vol. 15(2), pages 143-156, June.
    20. Blair Fix, 2019. "The Aggregation Problem: Implications for Ecological and Biophysical Economics," Biophysical Economics and Resource Quality, Springer, vol. 4(1), pages 1-15, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orinte:v:50:y:2020:i:1:p:21-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.