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General Aviation Aircraft Value Analysis

1824 words - 7 pages

General Aviation Aircraft Value Analysis
A value analysis of four different modes of transportation was conducted to assess which would be the most economical by means of time and expense. Two separate trips were analyzed. The first, a relatively shorter trip of 1200 miles round trip from Detroit Michigan to Nashville Tennessee. The second, a longer trip of 2800 round trip miles from Detroit to Miami Florida.
Three colleagues were used as a baseline for costs for all modes of transportation. The analyzed modes of transportation included car, train, business jet and commercial airline. Also included in the cost analysis were paid company time, per diem, fuel, food stops, hotel and miscellaneous expenses. The standard expenses listed in the assignment instructions were used during the assessment. Estimated costs and schedule for commercial airline tickets, train tickets, were retrieved online.
The commercial airline used for this project was Delta Airlines. Currently, Delta has a major hub in Detroit, and service both the Nashville and Miami airports. Amtrak was the passenger train used for this study. Amtrak services the Metro Detroit area, Miami and Nashville areas as well. Information on rental car prices was provided in the assignment parameters.
The results of this study are outlined below. Two tables have been included to show the various price breakdowns and trip parameters. Also included in this summary are some of the unique trip complexities that can result during the various forms of travel.

Automobile Travel
Automobile travel offers some unique advantages in that it can free of the hassle of dealing with tickets, security checkpoints, and long lines. However, people who choose to travel by car are also at the mercy of the roads. Traffic problems including detours, construction, and back-up are all too common. Regardless of its advantages or disadvantages, it can offer an economical way to travel during shorter trips. As outlined below, due to lengthy staff time requirements and relatively slower travel it is not ideal for long trips.
During both the long and the short trip, three people will be sharing one vehicle. This could offer the opportunity to share the driving duties, have work discussion, and rest. Personal experience however shows that it can be very challenging to work (on a laptop for example) while riding in a car.
Both the trip to Nashville and Miami by car are outlined in table 1 and table 2 below. The trip expenses also includes a necessary stay in a hotel (for each person), per diem, staff time, and the drive to the rental car facility. The estimated total cost of driving to Nashville was $8655, while driving to Miami was $14,844. The greatest expense was incurred during the excessive staff time and related expenses incurred while driving.

Automobile Business Aircraft Commercial Aircraft Train
Time Cost Time Cost Time Cost Time Cost
Office to Airport-Airport to Office 60 min r/t
+ 72 hr...

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