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@article{1779849,
author = {Matulová, Markéta and Rejentová, Jana},
article_number = {1},
doi = {http://dx.doi.org/10.17535/crorr.2021.0001},
keywords = {airport efficiency; data envelopment analysis; stochastic frontier analysis},
language = {eng},
issn = {1848-0225},
journal = {Croatian Operational Research Review},
title = {Efficiency of European Airports: Parametric Versus Non-parametric Approach},
url = {https://hrcak.srce.hr/259469},
volume = {12},
year = {2021}
}
TY - JOUR
ID - 1779849
AU - Matulová, Markéta - Rejentová, Jana
PY - 2021
TI - Efficiency of European Airports: Parametric Versus Non-parametric Approach
JF - Croatian Operational Research Review
VL - 12
IS - 1
SP - 1-14
EP - 1-14
PB - CROATIAN OPERATIONAL RESEARCH SOC
SN - 18480225
KW - airport efficiency
KW - data envelopment analysis
KW - stochastic frontier analysis
UR - https://hrcak.srce.hr/259469
N2 - 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.
ER -
MATULOVÁ, Markéta a Jana REJENTOVÁ. Efficiency of European Airports: Parametric Versus Non-parametric Approach. \textit{Croatian Operational Research Review}. CROATIAN OPERATIONAL RESEARCH SOC, 2021, roč.~12, č.~1, s.~1-14. ISSN~1848-0225. Dostupné z: https://dx.doi.org/10.17535/crorr.2021.0001.
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