The dynamic and multi-objective programming is used here to establish a risk measurement model. We develop an iterative algorithm and the convergence conditions for the model solution. The results obtained from the model developed here show that the sum of the interactive utility value (IUV)...

The liberalization of international air transport services in the USA and European countries and the competition from nearby Asian countries have forced Taiwan to adjust its air transport policies and regulations. This paper proposes to raise some relevant questions about regulatory changes in...