The analysis of the cost-revenue production cycle efficiency of the Italian airports: A NSBM DEA approach

This paper measures the efficiency of Italian airports using Data Envelopment Analysis (DEA). Particularly, the efficiency of an airport is evaluated at three different stages of its cost-revenue production cycle, i.e. cost-operations-revenue stages, while network-slack based measure DEA (NSBM-DEA) is adopted to generate efficiency measurements for the airports at each stage. Results show that the suggested modeling approach has a better discrimination capability than the traditional black-box DEA model and provides important insights for policy makers and airport concessionaires useful for improving industry performance and airport management.