Cost Index Formula
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Join Date: Jan 2002
Location: Chicago
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Cost Index Formula
I understand that the cost index is based on:
Cost Index = Cost of Time/Cost of Fuel.
$/Hour X 1
$/Lb of Fuel 100
How is the cost of time figured out?
Cost Index = Cost of Time/Cost of Fuel.
$/Hour X 1
$/Lb of Fuel 100
How is the cost of time figured out?
Join Date: Aug 2001
Location: Europe-the sunshine side
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time related costs -airplane operated costs affected by flight time:
-flight crew
-cabin crew
-leasing
-maintenance (time related) -airframe material /labor
-engine material /labor
-other costs
The time related costs may be dificult to calculate.
The fuel costs are expressed in units of currency per quantity of fuel :cents/pound
-flight crew
-cabin crew
-leasing
-maintenance (time related) -airframe material /labor
-engine material /labor
-other costs
The time related costs may be dificult to calculate.
The fuel costs are expressed in units of currency per quantity of fuel :cents/pound