Stochastic Modelling of Capital Goods Buying

In the next decade, the commercial aviation industry will not only have many more jets and air travellers—but also more industry players. China is on an aggressive course to build a world-class aviaton manufacturing base. Mexico and Brazil are growing as a suppliers to the global industry. Cross-border partnerships further enmesh global players. Looking forward, growth forecasts in new markets drastically alter today’s world map of commercial aviation—not only in sheer air traffic volume, but also the geographies where fleets will be needed to satisfy that demand. And most importantly, which companies will supply the new aircraft? In Boeing’s latest outlook, the world demand will be for 35,000 new jet aircraft by 2032, at a value of $4.8 trillion