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- Title
Sustainability in the Aerospace Sector, a Transition to Clean Energy: The E 2 -EVM Valuation Model.
- Authors
Cruz Rambaud, Salvador; López Pascual, Joaquín; Meléndez Rodríguez, Juan Carlos
- Abstract
Civil aviation is one of biggest industrial contributors to CO2 emissions worldwide. One of the most urgent problems of this sector is providing new technologies to continue operating in a more sustainable environment through a transition to clean energy. The Earned Value Management (EVM) model, as a traditional project management tool, is continuously being revised with new releases and extensions (e.g., ESM, EDM, QEVM, E-EVM, and ZEVM), but to date none of them has applied an expert judgment criterion to be able to modify and anticipate the final result of the project. In such a way, this paper introduces a novel approach to the topic with the so-called Enhanced and Efficient Earned Value Management (denoted E2-EVM) model by including this new capability through the real options methodology, thus helping to support the sustainability of the aerospace sector. This research focuses on three main goals: the description of recent green initiatives in the aerospace sector by checking its contribution to reaching the well-known Sustainable Development Goals (SDGs), the development of a new version of the EVM model by applying the real options methodology, and, finally, the financial contribution to the aerospace industry by applying these initiatives and methodologies.
- Subjects
EARNED value management; SUSTAINABLE development; SUSTAINABILITY; AEROSPACE industries; VALUATION
- Publication
Sustainability (2071-1050), 2021, Vol 13, Issue 12, p6717
- ISSN
2071-1050
- Publication type
Article
- DOI
10.3390/su13126717