Journals / Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2022 / Cilt: 12 - Sayı: 23

MEASUREMENT OF FINANCIAL AND OPERATIONAL EFFICIENCY WITH FUZZY DATA ENVELOPMENT ANALYSIS IN LOW-COST AIRLINE COMPANIES

DÜŞÜK MALİYETLİ HAVAYOLU İŞLETMELERİNDE BULANIK VERİ ZARFLAMA ANALİZİ İLE FİNANSAL VE OPERASYONEL ETKİNLİK ÖLÇÜMÜ

Pages
1–25
Publication Date
2022-05-28
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It has been determined that the airline companies that were effective in both aspects throughout the entire period were European and Asian based airline companies.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to compare the financial and operational efficiency of airline companies that fly to various regions of the world and have adopted a low-cost business model.
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Key Findings & Data:Accordingly, the efficiency measurement of 17 airline companies, which implemented the low-cost business model, in the 2013-2017 period was performed using the fuzzy data envelopment analysis technique.
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Conclusion & Impact:It has been determined that the airline companies that were effective in both aspects throughout the entire period were European and Asian based airline companies.
🔬Design:Modeling & Simulation
📍Scope:2013-2017 Verileri
⚙️Variables:Etkinlik · Bulanık Veri Zarflama Analizi · Düşük Maliyetli Havayolu İşletmeleri

Abstract

The aim of this study is to compare the financial and operational efficiency of airline companies that fly to various regions of the world and have adopted a low-cost business model. Accordingly, the efficiency measurement of 17 airline companies, which implemented the low-cost business model, in the 2013-2017 period was performed using the fuzzy data envelopment analysis technique. The model proposed by Wang, Greatbanks, and Yang (2005) was used in the analysis phase in which input and output variables were used in financial and operational terms. As a result of the analysis it was determined that 3 airline companies in terms of financial and 8 airline companies in term of operational were efficiency throughout the period and at all segment (Alfa) levels. However, it was observed that 3 airline companies were efficiency both in terms of financial and operational throughout the entire period, while 1 airline company was not efficiency. It has been determined that the airline companies that were effective in both aspects throughout the entire period were European and Asian based airline companies.

Özet

Bu çalışmanın amacı, dünyanın çeşitli bölgelerine uçuş faaliyeti gerçekleştiren ve düşük maliyetli iş modelini benimsemiş olan havayolu işletmelerinin finansal ve operasyonal açıdan etkinliklerinin karşılaştırılmasıdır. Bu doğrultuda düşük maliyetli iş modelini uygulayan 17 havayolu işletmesinin 2013-2017 dönemine ait finansal ve operasyonel açıdan etkinlik ölçümü bulanık veri zarflama analizi tekniği ile gerçekleştirilmiştir. Finansal ve operasyonel açıdan girdi ve çıktı değişkenlerinin kullanıldığı analiz aşamasında Wang, Greatbanks ve Yang (2005) tarafından önerilmiş olan model kullanılmıştır. Analiz sonucunda finansal açıdan 3 havayolu işletmesinin, operasyonel açıdan ise 8 havayolu işletmesinin tüm dönem boyunca ve tüm (Alfa) kesim düzeylerinde etkin çıktığı tespit edilmiştir. Bununla birlikte tüm dönem boyunca hem finansal hem de operasyonel açıdan 3 havayolu işletmesinin etkin olduğu görülürken 1 havayolu işletmesinin etkin olmadığı görülmüştür. Her iki açıdan da tüm dönem boyunca etkin çıkan havayolu işletmelerinin Avrupa ve Asya merkezli faaliyet gösteren havayolu işletmeleri olduğu tespit edilmiştir.

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Cite This Article

ASKER, V. (2022). MEASUREMENT OF FINANCIAL AND OPERATIONAL EFFICIENCY WITH FUZZY DATA ENVELOPMENT ANALYSIS IN LOW-COST AIRLINE COMPANIES. Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 12 - Sayı: 23, 1–25. https://ajindex.com/articles/405898

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