Efficiency of European Airports: Parametric Versus Non-parametric Approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F21%3A00121863" target="_blank" >RIV/00216224:14560/21:00121863 - isvavai.cz</a>

Result on the web

<a href="https://hrcak.srce.hr/259469" target="_blank" >https://hrcak.srce.hr/259469</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.17535/crorr.2021.0001" target="_blank" >10.17535/crorr.2021.0001</a>

Result language

angličtina

Original language name

Efficiency of European Airports: Parametric Versus Non-parametric Approach

Original language description

This paper presents a performance evaluation of European airports, based on the application of both parametric and non-parametric approaches. We have evaluated the 115 busiest airports in Europe according to the number of passengers checked-in in 2018. The four inputs we used were the number of Terminals, Runways, Boarding gates, and Aircraft stands. Three variables were used to describe the outputs, namely, Passengers, Movements, and Cargo. The parametric method we chose to apply was the Stochastic Frontier Analysis (SFA) with the Cobb-Douglas production function, the Half-Normal distribution of inefficiency component, and the Normal distribution of an error term. As a basic SFA model only allows for a single output, we employed different methods to get a single efficiency score for each and every airport. Next, we evaluated the airport performance non-parametrically using several Data Envelope Analysis (DEA) models including the super-efficiency model. We compared the results obtained by individual approaches and discussed their pros and cons. Finally, we applied the program evaluation procedure to explore the effect of the different forms of airports ownership on their performance.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Croatian Operational Research Review

ISSN

1848-0225

e-ISSN

—

Volume of the periodical

12

Issue of the periodical within the volume

1

Country of publishing house

HR - CROATIA

Number of pages

14

Pages from-to

1-14

UT code for WoS article

000674755000001

EID of the result in the Scopus database

2-s2.0-85110501671