Risk Management in the Air Cargo Industry; Contents; Introduction; Air Cargo Industry; Risk Mitigation Approaches in Theory; Empirical Study: Application of Theoretical Approaches; End Matter; Formulaic Notation; Risk Management Questionnaire in English; Risk Management Questionnaire in German; Authors; References
Summary
This paper discusses risk management approaches in the air cargo industry. It gives a concise overview of developments, business practices and complexities of the air cargo industry and draws cross-references to comparable industries. It introduces supply contracts for capacity and the inherent risks in the shipping process. Based on that, approaches to mitigate risk are studied. The work elaborates on the historically grown research field of revenue management and puts emphasis on the discipline of overbooking in the air cargo sector. Capacity options and financial intermediation are presente