Efficiency of European Airports: Parametric Versus
Non-parametric Approach

J 2021

Efficiency of European Airports: Parametric Versus Non-parametric Approach

MATULOVÁ, Markéta a Jana REJENTOVÁ

Základní údaje

Originální název

Efficiency of European Airports: Parametric Versus Non-parametric Approach

Autoři

MATULOVÁ, Markéta (203 Česká republika, garant, domácí) a Jana REJENTOVÁ (203 Česká republika, domácí)

Vydání

Croatian Operational Research Review, CROATIAN OPERATIONAL RESEARCH SOC, 2021, 1848-0225

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Chorvatsko

Utajení

není předmětem státního či obchodního tajemství

Odkazy

URL

Kód RIV

RIV/00216224:14560/21:00121863

Organizační jednotka

Ekonomicko-správní fakulta

DOI

http://dx.doi.org/10.17535/crorr.2021.0001

UT WoS

000674755000001

EID Scopus

2-s2.0-85110501671

Klíčová slova anglicky

airport efficiency; data envelopment analysis; stochastic frontier analysis

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 12. 1. 2024 13:39, Mgr. Pavlína Kurková

Anotace

V originále

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.

Přiložené soubory

Efficiency_of_European_Airports__Parametric_Versus_Non_parametric_Approach.pdf

Citovat

MATULOVÁ, Markéta a Jana REJENTOVÁ. Efficiency of European Airports: Parametric Versus Non-parametric Approach. 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.

@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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