Dimension reduction methods - Delta's Aircraft Fleet
Fleet planning is a part of the strategic planning process for any airline company. Fleet is the total number of aircraft that an airline operates, as well as the specific aircraft types that comprise the total fleet. Airline selection criteria for aircraft acquisition are based on technical/performance characteristics, economic and financial impact, environmental regulations and constraints, marketing considerations, and political realities. Fleet composition is a critical long-term strategic decision for an airline company. Each aircraft type has different technical performance characteristics, for example, the capacity to carry the payload over a maximum flight distance or range. It affects financial position, operating costs, and especially the ability to serve specific routes.
Getting ready
In order to perform dimension reduction we shall be using a dataset collected on Delta Airlines Aircraft Fleet.
