Necessity of the enterprise risk management for airline management: ANP-based approach

Abstract

Airlines are exposed to risk which may effect operations, customers, corporate value, security and safety. Risk can also be introduced to an enterprise through air transportation industry-based and organization-based changes each of which may also bring changes in the type of risk. These present and raising risks main reason of growing importance of enterprise risk management (ERM) implementation in the airlines. ERM becomes focus point in the successful airlines across the world. This interest should be airlines in the Turkey if they want to be in the hard airline market conditions. This study aims at the introducing to four aspects of ERM implementation: benefits, opportunities, risks and costs that call attention to the ERM implementation in the airlines as managerial approach at the Turkey. Airline manager's consideration will enhance and increase about importance of ERM by this study. Analytic Network Process (ANP) is used as a qualitative technique for ERM implementation decisidn at airline management.