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https://doi.org/10.17535/crorr.2021.0001

Efficiency of European Airports: Parametric Versus Non-parametric Approach

Markéta Matulová   ORCID icon orcid.org/0000-0002-8204-9013 ; Faculty of Economics and Administration, Masaryk University
Jana Rejentová ; Faculty of Economics and Administration, Masaryk University

Puni tekst: engleski, pdf (544 KB) str. 1-14 preuzimanja: 38* citiraj
APA 6th Edition
Matulová, M. i Rejentová, J. (2021). Efficiency of European Airports: Parametric Versus Non-parametric Approach. Croatian Operational Research Review, 12 (1), 1-14. https://doi.org/10.17535/crorr.2021.0001
MLA 8th Edition
Matulová, Markéta i Jana Rejentová. "Efficiency of European Airports: Parametric Versus Non-parametric Approach." Croatian Operational Research Review, vol. 12, br. 1, 2021, str. 1-14. https://doi.org/10.17535/crorr.2021.0001. Citirano 22.09.2021.
Chicago 17th Edition
Matulová, Markéta i Jana Rejentová. "Efficiency of European Airports: Parametric Versus Non-parametric Approach." Croatian Operational Research Review 12, br. 1 (2021): 1-14. https://doi.org/10.17535/crorr.2021.0001
Harvard
Matulová, M., i Rejentová, J. (2021). 'Efficiency of European Airports: Parametric Versus Non-parametric Approach', Croatian Operational Research Review, 12(1), str. 1-14. https://doi.org/10.17535/crorr.2021.0001
Vancouver
Matulová M, Rejentová J. Efficiency of European Airports: Parametric Versus Non-parametric Approach. Croatian Operational Research Review [Internet]. 2021 [pristupljeno 22.09.2021.];12(1):1-14. https://doi.org/10.17535/crorr.2021.0001
IEEE
M. Matulová i J. Rejentová, "Efficiency of European Airports: Parametric Versus Non-parametric Approach", Croatian Operational Research Review, vol.12, br. 1, str. 1-14, 2021. [Online]. https://doi.org/10.17535/crorr.2021.0001

Sažetak
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.

Ključne riječi
airport efficiency; data envelopment analysis; stochastic frontier analysis

Hrčak ID: 259469

URI
https://hrcak.srce.hr/259469

Posjeta: 92 *