Loukas K. Tsironis, Miltiadis L. Toskas-Τasios, Michael Α. Madas
Measuring the efficiency of Greek regional airports prior to privatization using Data Envelopment Analysis
Greek airports constitute an important infrastructure asset for regional development and the promotion of the domestic touristic product. However, many regional airports suffer from economic difficulties due to the lack of high volume of traffic, while others provide poor quality services during the commercially critical summer months. In this paper, data envelopment analysis is applied to analyze and benchmark the technical efficiency of the 14 Greek regional airports during 2016, just before their privatization. An output-oriented DEA model is used to assess separately the efficiency of the main infrastructural elements of the airports (terminal and airside area) on an annual and seasonal basis. The key factors influencing efficiency are investigated to suggest necessary improvements or upgrades and compare them with existing investment plans in the currently privatized airports. Results can be used in the future in order to extract some considerations about the privatization of Greek regional airports.
Airport Efficiency, Privatization, Performance Benchmarking, Data Envelopment Analysis
Cite this paper
Loukas K. Tsironis, Miltiadis L. Toskas-Τasios, Michael Α. Madas. (2021) Measuring the efficiency of Greek regional airports prior to privatization using Data Envelopment Analysis. International Journal of Economics and Management Systems, 6, 547-559