A theoretical approach is proposed in order to link the strong environmental management to the improved supposed future financial performance as examined by the stock market performance. Therefore, the linkage to the firm’s performance is tested empirically with the help of a financial event methodology as well as the archival data of the firm-level environmental and financial performance. This enabled the researcher to measure the positive returns for the strong environmental management as directed by the environmental performance award. It was found out that the linkage between the environmental management and the financial performance may be useful to both practitioners and researchers since they can use it to measure the benefits mainly experienced by the industry leaders , thereby, can be relied upon in measuring the investment alternatives (Daley, 2010).
I would go for alternative A as it consists of various benefits, which may benefits the entire airport authority (Heck, Farrauto & Gulati, 2012). Alternative A assumes a parallel 8-26 East, and it will also retain the Runway 17-35. Even though alternatives A and B are reasonable as well as feasible, alternative A appear to be more suitable than the other two since it will benefit the authority more greatly. Alternative B is reasonable, but it will do away with runway 17-35. This alternative will consume about $5.2 billion to construct completely. The Runway 17-35 will always remain as a 6,500 foot crosswind. The alternative also extends the runway 8-26 by 2,000 feet moving to the east and it will have a total length of approximately 7,000 feet. It is anticipated that the runway will continue to be as unidirectional until it serves the westbound arrivals as well as eastbound departure.
The projected runway 8-26may have the EMAS that will be constructed at the east side of the runway end (Langton, 2009).
Noise is mainly defined as the unwanted sound and thus is considered as the most destruction towards aviation. Noise is usually produced by the manufacturing companies, aircrafts, loud music and other factors among others (Wood, 1976). Aircrafts are commonly regarded as the most affected by noise pollution. Even though the aircrafts usually pollute the environment, they are the first to be affected by their own noise as it hinders the operations effectively (Agarwal, 1991). I strongly believe that aircrafts are usually affected by noise as the pilots normally require a less noise polluted zones in order to communicate with other coordination experts in this field. I also approve of all the methods used to eliminate noise pollution (United States, Oberstar, & United States, 2000).
I strongly believe that strategy one, which states: Have a community service-oriented commitment. This strategy embraces a solicit support from the airport’s senior management; hence it initiates various steps to create a services mindset. Moreover, it instills the attitude of the willingness to try and embrace new things. As an Airliner executive, I would endorse the strategy number one as it ensures effective measures are put into place (Upham, 2003). The strategy usually allows the public perception to necessitate agency change and transformation. As the Airport manager, I would choose the strategy, which states: develop progressive communication strategies. Under this strategy, the manager can initiate as well as developing effective communication between the appropriate parties involved. It would ensure a new technology for the public communication, which is an efficient step to endorse (Singal, 2005).
The government, the aviation department and the individual’s airlines should endorse a policy that would ensure the greenhouse gases emission are controlled and regulated (Filippone, 2012). Companies that produce massive gas emissions should be regulated. The authority should develop a procedure for effecting airport GHG emissions inventory. This would ensure aircraft gases emissions are reduced to a manageable state (United States, 2000).
I would suggest that the usage of fuel engines be minimized. Moreover, reducing the sulfur content of the fuels especially in kerosene will greatly reduce the sulfur dioxide gas emitted as well as the sulfate particle formation (). Usage of the hydrogen fuel would ensure harmful gases such as carbon dioxide from the aircraft. Usage of alternative fuels with low combustion capacity will emit harmful and destructive gases. The improvement of the aircraft engine to suit the new technology would ensure that government controls such emissions effectively. The government should ban fuels that emit harmful gases, which pollute the environment (Belobaba, Odoni & Barnhart, 2009).
The effluent limitation guidelines are usually aimed at initiating pretreatment standard as well as encourage new source performance standards for the industrial dischargers. The regulations are aimed at ensuring practicable control over technology current being used. It facilitated effective conventional pollutant control technology. It ensures the available technology is economically achievable to the necessary authorities.
The corporations have to adhere to the established legislation, which is aimed at strengthening social obligations. These regulations are taken in order to ensure all societal expectations are met effectively. These regulations aim at ensuring the environment is protected to the maximum by initiating all processes necessary to prevent environmental pollution. This entails aircraft pollution control, which is stipulated in the legislation in an appropriate manner (McGormley, 2011).
I strongly believe that environmental management is a business opportunity for all organizations that participate in managing the environment. Most companies will have the opportunity to make a lot of profits since most organizations believe that it is employment. Moreover, the organization will be in a position to contribute to the growth of the economy as well as employing several people (Hoppe, 2011).
References
Agarwal, S. K. (1991). Automobile pollution, concerns, priorities, and challenges. New Delhi: Ashish Pub. House.
Belobaba, P., Odoni, A., & Barnhart, C. (2009). The Global Airline Industry. Chichester: John Wiley & Sons.
Daley, B. (2010). Air transport and the environment. Farnham, Surrey, England: Ashgate Pub. Co.
Filippone, A. (2012). Advanced aircraft flight performance. Cambridge: Cambridge University Press.
Heck, R. M., Farrauto, R. J., & Gulati, S. T. (2012). Catalytic Air Pollution Control: Commercial Technology. Hoboken: John Wiley & Sons.
Hoppe, E. (2011). Ethical issues in aviation. Farnham, Surrey, England: Ashgate.
Langton, R. (2009). Aircraft fuel systems. Chichester, U.K: Wiley.
McGormley, R. W., National Research Council (U.S.). Airport Cooperative Research Program, & United States. (2011). Guidebook of practices for improving environmental performance at small airports. Washington, D.C: Transportation Research Board.
Singal, S. P. (2005). Noise pollution and control strategy. Oxford: Alpha Science Internat.
United States, & United States. (2000). Aviation and the environment: Airport operations and future growth present environmental challenges. Darby, PA: Diane Pub. Co.
United States. Oberstar, J. L., & United States. (2000). Aviation and the environment: Results from a survey of the nation's 50 busiest commercial service airports : report to Representative James L. Oberstar, Ranking Democratic Member, Committee on Transportation and Infrastructure, House of Representatives. Washington, D.C. (P.O. Box 37050, Washington, D.C. 20013: The Office.
Upham, P. (2003). Towards sustainable aviation. London [u.a.: Earthscan Publ.
Wood, C. M. (1976). Town planning and pollution control. Manchester, Manchester University Press.
