Langmaak, Stephan, Scanlan, James and Wiseall, Stephen
Strategic jet engine System design in light of uncertain fuel and carbon prices.
In, 2nd International Air Transport and Operations Symposium (ATOS 2011), Delft, NL,
28 - 29 Mar 2011.
Since the Wright brothers took to the skies over 100 years ago, aviation has been powered by fossil fuels. This dependency will not be markedly reduced within the next two decades despite higher and more erratic fuel prices that result from increasingly restricted access to crude oil. Climate change will also force regulators to increase the price of CO2 emissions so that there is an even greater incentive to operate fuel efficient aircraft. This project therefore aims to investigate how the profit generated by a short-range jet engine can be made robust to uncertain fuel and carbon prices in 2030 by applying the Surplus Value Methodology in conjunction with Robust Design techniques.
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