Application of centralised DEA approach to capital budgeting in Spanish ports

In this paper, we propose a number of non-radial, output-oriented, centralised DEA models to determine individual and collective output target levels, input slacks and input reallocations as well as additional inputs acquisitions under a capital budget constraint. The application of the proposed approach to the Spanish Port Agency is presented. The overall amount of inefficiency currently found in the system allows for the determination of potential total output increases ranging from 24% to 114% without additional resources. Considering inputs reallocation would allow for an additional 20% output expansion. The acquisition of additional input resources would make feasible to expand outputs further, to levels whose exact values monotonously depend on the capital budget considered.