Hellenic Open University Conferences, International Conference on Business & Economics of the Hellenic Open University 2017

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Unmanned Aerial Vehicles and Techno-economic Feasibility Studies: An Illustrative Real-world Case Study
Naoum Tsolakis

##manager.scheduler.building##: Titania
##manager.scheduler.room##: Omiros
Date: 2017-04-22 02:00 PM – 04:00 PM
Last modified: 2017-04-11

Abstract


The aim of the present research is to provide a business plan about the first Hellenic Civil Unmanned Aerial Vehicle (HCUAV) that was proposed as a viable solution to undertake missions towards tackling the challenges of both illegal migration and wildfires. Firstly, the study presents a detailed analysis of the cost elements associated with the entire spectrum of the drone’s development phases, including: aerodynamics and structural analysis, design, construction and flight testing. Secondly, we provide a business plan that identifies market opportunities for the medium-altitude long-endurance HCUAV, including the detailed techno-economic analysis and a promotion strategy for the long-term horizon to maximize the drone’s market success. The market scenario analyses demonstrate that the HCUAV could be commercially viable as it combines state-of-the-art technologies with multiplicity of functional capabilities to deliver operational excellence.


Keywords


Unmanned Aerial Vehicles; Business Plan; Techno-economic Feasibility Study; Market Scenario Analyses

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