| Article ID: | iaor20021273 |
| Country: | United States |
| Volume: | 6 |
| Issue: | 1 |
| Start Page Number: | 43 |
| End Page Number: | 58 |
| Publication Date: | Jan 2001 |
| Journal: | Mathematics of Operations Research |
| Authors: | Bowlin William (Bud) F. |
| Keywords: | transportation: air, forecasting: applications |
The Civil Reserve Air Fleet (CRAF) is a key component of the US Department of Defense's (DoD) air mobility capability. In the early 1990s, several CRAF participants liquidated their operations due to bankruptcy and other participants entered bankruptcy but did not liquidate. Consequently, the DoD lost some CRAF participants and was in danger of losing others. William (Bud) F. Bowlin uses a non-traditional financial analysis tool, data envelopment analysis, to assess the financial condition of CRAF participants.