option approach

option approach

An approach requested and conducted by a pilot that will result in a touch-and-go, missed approach, low approach, stop-and-go, or full-stop landing at the pilot's discretion. The pilot should make a request for this procedure while passing the final approach fix inbound on an instrument approach or entering downwind for a VFR (visual flight rules) traffic pattern. This procedure will only be used at those locations with an operational control tower and will be subject to ATC (air traffic control) approval. ATC gives clearance using the phrase “Cleared for the option.”
References in periodicals archive ?
The real option approach works better than business case calculations in unpredictable situations, but it still requires some understanding about the future.
Wei, "A novel modeling based real option approach for CCS investment evaluation under multiple uncertainties," Applied Energy, vol.
An obvious drawback to the Option approach is that there could be a lack of urgency on behalf of the developer, even if there are obligations to avoid this included in the agreement.
Renewable energy investments under different support schemes: A real option approach.
In contrast to the traditional approach that uses expected cash-flows to value investment projects, the real option approach takes into account the entire distribution of cash-flows, allowing the firm to react/respond during the course of the investment.
In addition to these three approaches, the real option approach has become the latest (Boer 2004).
The value of management flexibility--a real option approach to investment evaluation.
However, investment in liquid reserves resulting from speculative demand for money may be assessed by usage a call option approach.
In 2005, Philips LightLabs and university researchers decided to develop a new option approach through "learning by doing," alternating between theory and application.
Despite the merits of the public option approach, the transition to a new system, even if Congress were to enact it, would not be easy.