Download - Quantifying Monetary Impacts of Forecasts
![Page 1: Quantifying Monetary Impacts of Forecasts](https://reader036.vdocuments.mx/reader036/viewer/2022062501/56816468550346895dd652f0/html5/thumbnails/1.jpg)
Quantifying Monetary Impacts of Forecasts
Rick CurtisSouthwest Airlines
11/1/12
![Page 2: Quantifying Monetary Impacts of Forecasts](https://reader036.vdocuments.mx/reader036/viewer/2022062501/56816468550346895dd652f0/html5/thumbnails/2.jpg)
[ 2 ]
Measuring the Value
• How do we measure our improvements without any existing benchmarks?
• What meaningful measurements can be realized that benefit both the “consumer” and “producer” of the information?
• How can we measure easily available items to get this process started?
![Page 3: Quantifying Monetary Impacts of Forecasts](https://reader036.vdocuments.mx/reader036/viewer/2022062501/56816468550346895dd652f0/html5/thumbnails/3.jpg)
[ 3 ]
Airline Perspective• Airlines are not always able to quantify weather support.
– Quantifying weather delays are fairly easy.– Quantifying “avoidable” weather delays are not.
• Most efforts to quantify benefits are not done to an industry standard.– Fleets are different.– Service areas are different.– Route structures are different.– Schedules are different.
• Competitive forces may also inhibit sharing of data.
![Page 4: Quantifying Monetary Impacts of Forecasts](https://reader036.vdocuments.mx/reader036/viewer/2022062501/56816468550346895dd652f0/html5/thumbnails/4.jpg)
[ 4 ]
Airlines already measure and report some of this information
• Each month carriers report to the DOT:– The number of weather delayed flights per month.– The number of delay minutes due to weather.
• At Southwest we also internally report delays for: – Gate hold for weather at departure station.– Gate hold for weather en route or at destination station.– Cold soaked fuel frost delay.– Deicing Delays.
![Page 5: Quantifying Monetary Impacts of Forecasts](https://reader036.vdocuments.mx/reader036/viewer/2022062501/56816468550346895dd652f0/html5/thumbnails/5.jpg)
[ 5 ]
NWS TAF Verification
• NWS TAF Verification considers:– General Ceiling– Visibility– Flight Category – Weather Type/Obstruction– Wind
![Page 6: Quantifying Monetary Impacts of Forecasts](https://reader036.vdocuments.mx/reader036/viewer/2022062501/56816468550346895dd652f0/html5/thumbnails/6.jpg)
[ 6 ]
Connecting the Dots
• How do we compare the two data sets to provide meaningful results?
• How can en-route forecasts (ie. CCFP) verification results be compared with delay information?
• How does the information get reported?• How many airlines can/will participate?• Who performs the analysis?• What priority does this have with both the government and industry?
![Page 7: Quantifying Monetary Impacts of Forecasts](https://reader036.vdocuments.mx/reader036/viewer/2022062501/56816468550346895dd652f0/html5/thumbnails/7.jpg)
[ 7 ]
Going Forward
• Suggest a one day meeting with interested stakeholders to:– Identify short term and long term goals.– Evaluate barriers (technology, resources, proprietary information
issues etc.).– Identify ownership of this effort.– Establish a working committee.