Time to retire: Indicators for aircraft fleets

Jeff Newcamp, Wim Verhagen, Ricky Curran

Research output: Contribution to journalArticleScientificpeer-review

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Abstract

It is well known that aircraft fleets are aging alongside rising operations and support costs. Logisticians and fleet managers who better understand the milestones and timeline of an aging fleet can recognise potential savings. This paper outlines generalised milestones germane to military aircraft fleets and then discusses the causes that lead to retirement motivations. Then this paper develops a utility per cost metric for aging aircraft fleet comparison as a means for determining when to retire a fleet. It is shown that utility per cost is a pragmatic metric for gauging the desirability of an existing fleet because of naturally occurring zones. Historical data from the US Air Force's fleet are used to validate the existence of these zones. Lastly, this work highlights the need for increased vigilance during the waning years of a fleet's lifecycle and discusses the intricacies of asset divestment planning.
Original languageEnglish
Number of pages13
JournalInternational Journal of Aviation Management
Volume3
Issue number4
Publication statusPublished - 2017

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