Scenario planning in the aerospace business environment - The VIBES approach

Richard Farr, Johanna Bramham, Mahendrawathi Er, Bart MacCarthy

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Air transport has a considerable impact on tourism, trade and other aspects of society, and the industry that constructs and maintains aircraft is a major employer and wealth generator. Many nations have made substantial investments aimed at developing and retaining world-class aerospace design and manufacturing capabilities; if these resources are to be deployed to best effect, the aerospace industry needs a means of understanding, describing and analysing the future business environment, in order to formulate strategies that minimise risks. To address this need, the VIVACE (Value Improvement through a Virtual Aeronautical Collaborative Enterprise) programme, funded under the European Union's 6th Framework scheme, includes a work package that addresses business case modelling for the extended enterprise. The partnership for this task includes the University of Nottingham, Rolls-Royce and Volvo Aero Corporation. Based upon research conducted within the partnership, and taking into account supplier and customer needs at various stages in the supply network and the after-market sector, this paper presents a methodology to support and promote strategic thinking in the aerospace business environment, from a broad range of perspectives.

Original languageEnglish
Title of host publication2005 IEEE International Technology Management Conference, ICE 2005
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9780853582212
DOIs
Publication statusPublished - 27 Apr 2016
Externally publishedYes
EventIEEE International Technology Management Conference, ICE 2005 - Munich, Germany
Duration: 20 Jun 200522 Jun 2005

Publication series

Name2005 IEEE International Technology Management Conference, ICE 2005

Conference

ConferenceIEEE International Technology Management Conference, ICE 2005
Country/TerritoryGermany
CityMunich
Period20/06/0522/06/05

Keywords

  • Scenario planning
  • VIVACE
  • aerospace business environment

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