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Please note that, the "operating ratio" (Japanese: 営業係数 Korean: 영업계수) commonly published by some Asian systems is different from farebox recovery ratio even after inverting the number to turn cost per unit revenue into revenue per unit cost, as that figure includes all operating revenue instead of only the fare revenue. [3]
Cost Estimating is an approximation of the cost of all resources needed to complete activities. Cost budgeting aggregating the estimated costs of resources, work packages and activities to establish a cost baseline. Cost Control – factors that create cost fluctuation and variance can be influenced and controlled using various cost management ...
The JFK air cargo complex is a Foreign Trade Zone, which legally lies outside the customs area of the United States. [348] JFK is a major hub for air cargo between the United States and Europe. London, Brussels and Frankfurt are JFK's three top trade routes. [349] The European airports are mostly a link in a global supply chain, however.
The neutral unit of construction or neutral unit of currency (code: NUC) is a private currency used by the airline industry, [1] to record fare calculation information. [2] A set of exchange rates is issued by the International Air Transport Association (IATA) every month. [3]
The card is designed to reduce the number of transactions at ticket offices and the number of paper tickets. Usage is encouraged by offering cheaper fares than the paper ticketed option, although there is a fee to purchase the card. Unlimited one-day trip and monthly passes for the metro is only available with the Nol Red Ticket.
The purpose of performance-based regulation is to reduce the negative impact of information asymmetries and to motivate regulated companies to reduce their costs in order to increase profit. Usually, this is done by setting a cap on prices or revenues. A general formula is: [14] P(t) = (1 + RPI - X) . P(t-1) where P(t) is the price in time t.
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