Performance Evaluation of Airports During the COVID-19 Pandemic
Performance Evaluation of Airports During the COVID-19 Pandemic
Author(s): Yusuf ErsoySubject(s): Economy
Published by: Szkoła Główna Handlowa w Warszawie
Keywords: Airport performance;COVID-19 pandemic;DEA;EDAS;TOPSIS
Summary/Abstract: Globalisation, international trade, tourism, and economic and technological advances have contributed to the development of the aviation industry. In a globally competitive environment, airports need to use their resources efficiently and evaluate their performance to compete with their rivals. Data Envelopment Analysis (DEA) is a widely used method in the performance evaluation of airports. This study was aimed to measure the performance and ranking of selected major international airports in 2019 and the first quarter of 2020 using the DEA method, the Technique for Order Preference by Similarity to Ideal Solutions (TOPSIS) method, and the Evaluation Based on Distance from Average Solution (EDAS) method. Efficiency analysis has been carried out using CCR-DEA models. Later, performance evaluation of the alternatives was made according to the TOPSIS and EDAS methods. In this study, the ranking of the airports has been compiled according to the results of the DEA, TOPSIS and EDAS methods. The study found that the use of the DEA method together with Multi-Criteria Decision-Making (MCDM) methods such as TOPSIS and EDAS for the performance evaluation of airports allows a full and clear ranking of decision-making units (DMUs).
Journal: Gospodarka Narodowa. The Polish Journal of Economics
- Issue Year: 308/2021
- Issue No: 4
- Page Range: 23-53
- Page Count: 31
- Language: English