Small regional airport sustainability: Lessons from benchmarking

Similar documents
East West Cluster Conference October, Udine and Grado, Italy LEED/ CEI/ EBRD Project: Clusters in Transition Economies,

An efficiency approach to innovation process

Management Science Letters

The Input-Output Analysis of Construction Industry in West China. Ke Bin Zhang 2, b

Summarizing Data. Major Properties of Numerical Data

A Study on Travel Time Value in Railway Transportation Corridors

CEU Department of Economics Econometrics 1, Problem Set 1 - Solutions

Final Examination Solutions 17/6/2010

Online Appendix to Accompany Further Improvements on Base-Stock Approximations for Independent Stochastic Lead Times with Order Crossover

Economics 2450A: Public Economics Section 3: Mirrlees Taxation

OPTIMAL ALGORITHMS -- SUPPLEMENTAL NOTES

CHAPTER 8 FUNDAMENTAL SAMPLING DISTRIBUTIONS AND DATA DESCRIPTIONS. 8.1 Random Sampling. 8.2 Some Important Statistics

Prediction of returns in WEEE reverse logistics based on spatial correlation

Scenario development. External. employment. Labor Market Economically Active Population In-commuters Out-commuters Employment in non-basic sectors

Revisiting urban economics in light of data

CTL.SC0x Supply Chain Analytics

Problem of Technical Losses in Natural Gas Distribution and Transportation Systems of Georgia

Properties and Hypothesis Testing

Robust Default Correlation for Cost Risk Analysis

Chapter 23. The Economics of Resources. Chapter Outline. Chapter Summary

Positron annihilation on atomic core electrons + positive ions

Noah Williams Economics 312. University of Wisconsin Spring Midterm Examination Solutions 1 FOR GRADUATE STUDENTS ONLY

1 Inferential Methods for Correlation and Regression Analysis

Correlation and Regression

Question 1: Exercise 8.2

Searching for the Holy Grail of Index Number Theory

Exercises and Problems

DEPARTMENT OF ACTUARIAL STUDIES RESEARCH PAPER SERIES

Research on real time compensation of thermal errors of CNC lathe based on linear regression theory Qiu Yongliang

Determining the sample size necessary to pass the tentative final monograph pre-operative skin preparation study requirements

Advanced Course of Algorithm Design and Analysis

Bounds of Herfindahl-Hirschman index of banks in the European Union

Research Article Efficiency in the Worst Production Situation Using Data Envelopment Analysis

BUSINESS STATISTICS (PART-9) AVERAGE OR MEASURES OF CENTRAL TENDENCY: THE GEOMETRIC AND HARMONIC MEANS

Double Stage Shrinkage Estimator of Two Parameters. Generalized Exponential Distribution

Number of fatalities X Sunday 4 Monday 6 Tuesday 2 Wednesday 0 Thursday 3 Friday 5 Saturday 8 Total 28. Day

Riemann Sums y = f (x)

Managerial D-M: Measuring of risk scenes and tools of their reducing

STP 226 ELEMENTARY STATISTICS

24.1 Confidence Intervals and Margins of Error

Oblivious Gradient Clock Synchronization

Poverty comparisons with cardinal and ordinal attributes

There is no straightforward approach for choosing the warmup period l.

BHW #13 1/ Cooper. ENGR 323 Probabilistic Analysis Beautiful Homework # 13

G. R. Pasha Department of Statistics Bahauddin Zakariya University Multan, Pakistan

MONITORING THE STABILITY OF SLOPES BY GPS

Optimal Income Tax for China

Mixed Criticality Systems with Weakly-Hard Constraints

Response Variable denoted by y it is the variable that is to be predicted measure of the outcome of an experiment also called the dependent variable

bwght = cigs

Chapter 2 Descriptive Statistics

ON THE WORTH OF GROUNDWATER CONTAMINANT SAMPLING

Run-length & Entropy Coding. Redundancy Removal. Sampling. Quantization. Perform inverse operations at the receiver EEE

CHAPTER 2. Mean This is the usual arithmetic mean or average and is equal to the sum of the measurements divided by number of measurements.

SELECTION OF DRILL FOR DRILLING WITH HIGH PRESSURE COOLANT USING ENTROPY AND COPRAS MCDM METHOD

UNIVERSITY OF TORONTO Faculty of Arts and Science APRIL/MAY 2009 EXAMINATIONS ECO220Y1Y PART 1 OF 2 SOLUTIONS

Prediction of Compressive Strength of Concrete from Early Age Test Result Using Design of Experiments (RSM)

INTRODUCTORY MATHEMATICAL ANALYSIS

Asymptotic Coupling and Its Applications in Information Theory

Accuracy assessment methods and challenges

ME NUMERICAL METHODS Fall 2007

Module 5 EMBEDDED WAVELET CODING. Version 2 ECE IIT, Kharagpur

Economics 250 Assignment 1 Suggested Answers. 1. We have the following data set on the lengths (in minutes) of a sample of long-distance phone calls

567. Research of Dynamics of a Vibration Isolation Platform

CHAPTER 10 INFINITE SEQUENCES AND SERIES

CENTRIFUGAL PUMP SPECIFIC SPEED PRIMER AND THE AFFINITY LAWS Jacques Chaurette p. eng., Fluide Design Inc. November 2004

The prediction of cement energy demand based on support vector machine Xin Zhang a, *, Shaohong Jing b

Decomposition of Gini and the generalized entropy inequality measures. Abstract

Statistical Properties of OLS estimators

Continuous Data that can take on any real number (time/length) based on sample data. Categorical data can only be named or categorised

Algorithm Analysis. Chapter 3

Non-parametric investigation of the Kuznets hypothesis for transitional countries

First, note that the LS residuals are orthogonal to the regressors. X Xb X y = 0 ( normal equations ; (k 1) ) So,

Comparison of Methods for Estimation of Sample Sizes under the Weibull Distribution

FACULTY OF MATHEMATICAL STUDIES MATHEMATICS FOR PART I ENGINEERING. Lectures

The Discrete Fourier Transform

Switching, Part I. Circuit-Switching. Switching. Chapter 5: Space-Division. David Larrabeiti José Félix Kukielka Piotr Pacyna Mónica Cortés

Grey Correlation Analysis of China's Electricity Imports and Its Influence Factors Hongjing Zhang 1, a, Feng Wang 1, b and Zhenkun Tian 1, c

An Extreme Value Theory Approach for Analyzing the Extreme Risk of the Gold Prices

THE SYSTEMATIC AND THE RANDOM. ERRORS - DUE TO ELEMENT TOLERANCES OF ELECTRICAL NETWORKS

Ch3. Asymptotic Notation

Statistical Fundamentals and Control Charts

Open Access Chaotic Particle Swarm Optimization Algorithm for Hub and Spoke Systems with Congestion

11 Hidden Markov Models

(2011)

Lesson 11: Simple Linear Regression

Extending CloudSat Observations to Regional Domains Via Type- Dependent Statistics

Statistics Lecture 27. Final review. Administrative Notes. Outline. Experiments. Sampling and Surveys. Administrative Notes

School of Electrical Engineering. EI2400 Applied Antenna Theory Lecture 9: Broadband antennas

Q. 1 Q. 5 carry one mark each.

Math 116 Final Exam December 19, 2016

9. Simple linear regression G2.1) Show that the vector of residuals e = Y Ŷ has the covariance matrix (I X(X T X) 1 X T )σ 2.

1 Models for Matched Pairs

Normalisation with respect to pattern

Influence of reaction conditions on the ozonation process

Study on Coal Consumption Curve Fitting of the Thermal Power Based on Genetic Algorithm

Power Weighted Quantile Regression and Its Application

NEUTRON FLUX MEASUREMENT UTILIZING CAMPBELL TECHNIQUE

AP Calculus AB 2006 Scoring Guidelines Form B

multiplies all measures of center and the standard deviation and range by k, while the variance is multiplied by k 2.

Transcription:

mall regioal airport sustaiability: Lessos from bechmarkig JATM, 2013 Nicole Adler, Tolga Ülkü ad Ekateria Yazhemsky Hebrew Uiversity of Jerusalem, Israel. E-Mail: msic@hui.ac.il Humboldt Uiversity of Berli, Germay. E-Mail: tolgaul@yahoo.com Hebrew Uiversity of Jerusalem, Israel. E-Mail: katy.y@mail.hui.ac.il Weblik for the Paper: http://www.sciecedirect.com/sciece/article/pii/0969699713000689 DOI: http://dx.doi.org/10.1016/.airtrama.2013.06.007

Outlie Motivatio Methodologies Efficiecy Measuremet airport observatios variables Results DEA break-eve poit secod stage regressio Coclusios Page 2

Outlie Motivatio Methodologies Efficiecy Measuremet airport observatios variables Results DEA break-eve poit secod stage regressio Coclusios Page 3

Motivatio A efficiet airport provides importat ecoomic catalysts that eable the local ad regioal ecoomy to thrive ad improve the quality of life i the regio. (Oum et al., 2008) Page 4

Motivatio mall ad regioal airports frequetly suffer from: limited traffic fixed ifrastructure requiremets isufficiet reveues to cover their costs ubsidize loss-makig airports 1. Direct subsidies from local or federal govermet 2. Cross-subsidizatio Questio: how should such airports be structured, maaged ad fiacially supported i order to survive? Page 5

Regioal accessibility ad social developmet i Europe Page 6

Motivatio mall regioal airports should ot be uderestimated I Europe*, i 2007, 340 out of 491 airports < 1,5 millio PAX *The EU, Croatia, Turkey, Icelad, Norway ad witzerlad (ource: EUROTAT) Airport bechmarkig literature focuses o: Mai large hubs Coutry level Page 7

Aims of research to estimate relative efficiecies of regioal airports across Europe to aalyze efficiecy chages over time to examie reasos for poor performace to provide recommedatios to airport maagers, airport operators, civil aviatio authorities ad govermets Page 8

Outlie Motivatio Methodologies Efficiecy Measuremet airport observatios variables Results DEA break-eve poit secod stage regressio Coclusios Page 9

DEA model Max, s.t. 1 Q = 1 m s = 1 = 1 = 1 = 1 = 1 x x y y i r ND k ND p y = 1 io x ro io ro = ND ko ND po = m x io y L i= 1 r = 1 io ro io s U ro ro i = 1,..., m k = 1,..., l r = 1,..., p = 1,..., s q 0 = 1,..., 0 i = 1,..., m 0 r = 1,..., s BAM(Cooper et al., 2011) lack-based (additive) No-radial No-orieted No-discretioary variables Variable Returs to cale Page 10

DEA model Max, s.t. 1 Q = 1 m s = 1 = 1 = 1 = 1 = 1 x x y y i r ND k ND p y = 1 io x ro io ro = ND ko ND po = m x io y L i= 1 r = 1 io ro io s U ro ro i = 1,..., m k = 1,..., l r = 1,..., p = 1,..., s q 0 = 1,..., 0 i = 1,..., m 0 r = 1,..., s BAM(Cooper et al., 2011) DMU specific rages L = x x i i = 1,..., io io U = y y r = 1,..., ro r r 0 Ideal poit m { x, } x = mi = 1..., i i { y, } y = max = 1..., r r s Page 11

Determiatio of break-eve poit PAX Page 12

ecod stage regressios OL Regressio Trucated Regressio Robust results (Cesored) Tobit Regressio Page 13

Outlie Motivatio Methodologies Efficiecy Measuremet airport observatios variables Results DEA break-eve poit secod stage regressio Coclusios Page 14

Regioal ad small airport dataset 85 airports from 6 coutries: Austria, Frace, Germay, Italy, Norway ad UK (Avior) (icl. HIAL) Betwee 3,000-1,600,000 passegers aually Time Period: 2002-2009 Page 15

Iputs: labor costs other operatig costs total ruway legth (ND) Iput ad output variables Moetary values: PPP ad iflatio adusted 16 Outputs: o-aeroautical reveues the umber of passegers served (ND) commercial air traffic movemets (ND) tos of cargo (ND) ND: No-discretioary

Outlie Motivatio Methodologies Efficiecy Measuremet airport observatios variables Results DEA break-eve poit secod stage regressio Coclusios Page 17

Percetage reductios / icreases at coutry ad airport group level 18 Coutry / Airport Group Number of Airports Percetage Reductio i taff Costs Percetage Reductio i Other Operatig Costs Percetage Reductio i Total Costs Percetage Icrease i No-aviatio Reveues Avior 41 31% 56% 43% 23% HIAL 9 58% 74% 65% 134% UK 2 37% 28% 32% - Group 52 36% 58% 46% 41% Austria 1 36% 12% 24% - Frace 22 47% 42% 45% 4% Germay 2 72% 41% 58% - Italy 5 43% 42% 43% 6% UK 3 59% 46% 52% 5% tadaloe 33 49% 41% 46% 4% Average 41% 51% 46% 27%

Break-eve poit 19 2002 2009 Critical level of passeger throughput 200,832 101,015 463,549 166,233

ecod stage regressio 20

Outlie Motivatio Methodologies Efficiecy Measuremet airport observatios variables Results DEA Malmquist break-eve poit secod stage regressio Coclusios Page 21

Coclusios Reduce costs & icrease commercial reveues Potetial for some airports eve to achieve break-eve poit (144 out of 696 obs.) Operatioal costs icreasig i Europe over decade Need to further aalyze security maagemet Airport groups are less efficiet Idividual maagemet better utilizes resources accordig to regioal eeds ubsidies should be performace based Improve icetives for productive efficiecy Outsource all groud hadlig activities Need for cotiuous bechmarkig 22

Thak you for your attetio. www.gap-proekt.de Page 23