Advertisement

Efficiency in a Chain of Small Hotels with a Stochastic Production Frontier Model

  • Carlos Pestana Barros
  • Álvaro Matias

Keywords

Data Envelopment Analysis Stochastic Frontier Production Frontier Stochastic Frontier Model Tourism Research 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Anderson, P., and N.C. Peterson (1993).“A Procedure for Ranking Efficient Units in Data Envelopment Analysis.”Management Science, 39 (10): 1261–1264.Google Scholar
  2. Anderson, R.I., M. Fish, Y. Xia, and F. Michello (1999). ‘Measuring Efficiency in the Hotel Industry: A Stochastic Frontier Approach.” International Journal of Hospitality Management, 18 (1); 45–57.CrossRefGoogle Scholar
  3. Anderson, R.I., D. Lewis, and M.E. Parker (1999). “Another Look at the Efficiency of Corporate Travel Management Departments” Journal of Travel Research, 37 (3): 267–272.Google Scholar
  4. Anderson, R.I., R. Fok, and J. Scott (2000). “Hotel Industry Efficiency: An Advanced Linear Programming Examination.” American Business Review, 18 (1): 40–48.Google Scholar
  5. Banker, R.D. (1993). “Maximum Likelihood, Consistency and Data Envelopment Analysis.” Management Science, 39 (10): 1265–1273.MATHGoogle Scholar
  6. Banker, R.D., A. Charnes, and W.W.Cooper (1984). “Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis.” Management Science, 30 (9): 1078–1092.MATHGoogle Scholar
  7. Barney, J. (1986). "Strategic Factor Markets: Expectations, Luck and Business Strategy." Management Science, 32: 1231–1241.Google Scholar
  8. Barney, J. (1991). "Firm Resources and Sustained Competitive Advantage." Journal of Management, 17: 99–120.CrossRefGoogle Scholar
  9. Barros, C.P. (2004). "A Stochastic Cost Frontier in the Portuguese Hotel Industry." Tourism Economics, 10 (2): 177–192.MathSciNetCrossRefGoogle Scholar
  10. Barros, C.P., and P. Alves (2004). "Productivity in Tourism Industry." International Advances in Economic Research, 10 (3): 215–225.CrossRefGoogle Scholar
  11. Baum, T., and R. Mundabi (1999). “An Empirical Analysis of Oligopolistic Hotel Pricing: The case of Bermuda Resort Hotels.” Economic and Management Methods for Tourism and Hospitality Research. New York:Wiley.Google Scholar
  12. Baum, J., and H. Haveman,(1997). "Love thy Neighbor? Differentiation and Agglomeration in the Manhattan Hotel Industry, 1898–1990." Administrative Science Quarterly, 42 (2): 304–339.CrossRefGoogle Scholar
  13. Baker, M., and M. Riley (1994). "New Perspectives on Productivity in Hotels: Some Advances and New Directions." International Journal of Hospitality Management, 13 (4): 297–311.CrossRefGoogle Scholar
  14. Begg, J. (1999). "Cities and Competitiveness." Urban Studies, 36: 795–807.CrossRefGoogle Scholar
  15. Bell, R.A., and R.C. Morey (1995). "Increasing the Efficiency of Corporate Travel Management through Macro-Benchmarking." Journal of Travel Research, 33 (3): 11–20.CrossRefGoogle Scholar
  16. Berger, A.N., and D.B. Humphrey (1997). "Efficiency of Financial Institutions: International Survey and Directions for Future Research." European Journal of Operational Research, 98: 175–212.MATHCrossRefGoogle Scholar
  17. Brown, J.R., and C.T. Ragsdale (2002). "The Competitive market Efficiency of Hotel Brands: An application of Data Envelopment Analysis." Journal of Hospitality & Tourism Research, 26 (4): 332–260.CrossRefGoogle Scholar
  18. Brotherton, B., and S. Mooney (1992). "Yield Management Progress and Prospects." International Journal of Hospitality Management, 11 (1): 23–32.CrossRefGoogle Scholar
  19. Charnes, A., W.W. Cooper, A.Y. Lewin, and L.M. Seiford (1995). Data Envelopment Analysis: Theory, Methodology and Applications. Boston: Kluwer.Google Scholar
  20. Charnes, A., W.W. Cooper, and Z.M. Huang (1990). "Polyhedral Cone-ratio DEA with an Illustrative Application to Large Commercial Banks." Journal of Econometrics, 46: 73–91.CrossRefGoogle Scholar
  21. Charnes, A., W.W. Cooper, B. Gollany, L. Seiford, and L. Stutz (1985). "Foundations of Data Envelopment Analysis for Pareto-Koopmans Efficient Empirical Productions Functions." Journal of Econometrics, 30 (1/2): 91–107.MATHCrossRefMathSciNetGoogle Scholar
  22. Charnes, A., W.W. Cooper, L. Seiford, and J. Stutz (1982). "A Multiplicative Model of Efficiency Analysis." Socio-Economic Planning Sciences, 16 (5): 223–224.CrossRefGoogle Scholar
  23. Charnes, A., W.W. Cooper, and E. Rhodes (1978). "Measuring the Efficiency of Decision-Making Units." European Journal of Operations Research, 2 (4): 429–444.MATHCrossRefMathSciNetGoogle Scholar
  24. Chung, W., and A. Kalnins (2001). "Agglomeration Effects and Performance: A Test of the Texas Lodging Industry." Strategic Management Journal, 22: 969–988.CrossRefGoogle Scholar
  25. Coelli, T.J. (1996). A Guide to DEAP version 2.1: A Data Envelopment Analysis (Computer) Program. Working Paper n°8/96, Centre for Efficiency and Productivity Analysis. University of New England:Armidale, Australia.Google Scholar
  26. Coelli, T.J., R. Prasada, and G.E. Battese (1998). An Introduction to Efficiency and Productivity Analysis. Boston: Kluwer.MATHGoogle Scholar
  27. Cooper, W.W., L.M. Seiford, and K. Tone (2000). Data Envelopment Analysis. Boston: Kluwer.Google Scholar
  28. Dalbor, M.C., and W.P. Andrew (2000). "Agency Problems and Hotel Appraisal Accuracy: An Exploratory Study." International Journal of Hospitality Management, 19 (4): 353–360.CrossRefGoogle Scholar
  29. Donaghy, K., U. McMahon, and D. McDowell (1995). "Yield Management: An Overview." International Journal of Hospitality Management, 14 (2): 1339–1350.CrossRefGoogle Scholar
  30. Fare, R., S. Grosskopf, S. Yaisarwarng, S. Li, and Z. Wang (1990). "Productivity Growth in Illinois Electric Utilities." Resources and Energy, 12: 383–98.CrossRefGoogle Scholar
  31. Fare, R.S., S. Grosskopf, and C.A. Lovel (1994). Production Frontiers. Cambridge: Cambridge University Press.Google Scholar
  32. Farrel, M.J. (1957). "The Measurement of Productive Efficiency." Journal of the Royal Statistical Society, Series A, 120 (3): 253–290.CrossRefGoogle Scholar
  33. Glancey, K., and M. Pettygrew (1997). "Entrepreneurship in the Small Hotel Sector." International Journal of Contemporary Hospitality Management, 9 (1): 21–25.CrossRefGoogle Scholar
  34. Harris, L.C., and P. Watkins (1998). "The Impediments to Developing a Market Orientation: An Exploration Study of Small UK Hotels." International Journal of Contemporary Hospitality Management, 10 (6): 221–229.CrossRefGoogle Scholar
  35. Hwang, S. N., and T.Y. Chang (2003). "Using Data Envelopment Analysis to Measure Hotel Managerial Efficiency Change in Taiwan." Tourism Management, 24 (2): 4.Google Scholar
  36. Jensen, M.C., and W. Meckling (1976). "Theory of the Firm: Managerial Behaviour, Agency Costs and Capital Structure." Journal of Financial Economics, 3: 305–360.CrossRefGoogle Scholar
  37. Jondrow, J.; Lovell, C.A.K..; Materov, I. And Schmidt, P. (1982) On the estimation of technical inefficiency in the stochastic frontier production function models. Journal of Econometrics, 19, 233–238.CrossRefMathSciNetGoogle Scholar
  38. Johns, N., B. Howcroft, and L. Drake (1997). "The Use of Data Envelopment Analysis to Monitor Hotel Productivity." Progress in Tourism and Hospitality Research, 3: 119–127.CrossRefGoogle Scholar
  39. Khumbhakar, S.C. (1987). "Production Frontiers and Panel Data: An Application to U.S. Class 1 Railroads." Journal of Business & Economics Statistics, 5 (2): 249–255.CrossRefGoogle Scholar
  40. Krugman, P. (1996). "Making Sense of the Competitiveness Debate." Oxford Review of Economics and Policy, 12: 17–25.CrossRefGoogle Scholar
  41. Liebenstein, H. (1966). "Allocative Efficiency vs. ‘X-efficiency" American Economic Review, 56 (3): 392–414.Google Scholar
  42. Malmquist, S. (1953). "Index Numbers and Indifference Surfaces." Trabajos de Estadística, 4: 209–242.MATHMathSciNetGoogle Scholar
  43. Matias, A. (2004). "Gravity and Tourism Trade: - The case for Portugal", in Sustainable Tourism, Pineda F.D. and Brebbia C. A. [eds], Series Ecology and the Environment, vol. 76, WIT University Press, SouthamptonGoogle Scholar
  44. Morey, R.C., and D.A. Dittman (1995). "Evaluating a Hotel GM’s Performance: A Case Study in Benchmarking." Cornell Hotel Restaurant & Administration Quarterly, 36 (5): 30–35.Google Scholar
  45. Morrison, A. (1998). "Small Firm Co-Operative Marketing in Peripheral Tourism Region." International Journal of Contemporary Hospitality Management, 10 (5): 191–200.CrossRefMathSciNetGoogle Scholar
  46. Mueller, D.C. (1979). Public Choice. Cambridge; Cambridge University Press.Google Scholar
  47. Phillips, P.A. (1999). "Performance Measurement Systems and Hotels: A New Conceptual Framework." International Journal of Hospitality Management, 18 (2): 171–182.CrossRefGoogle Scholar
  48. Porter, M.E. (1998). The Competitive Advantage of Nations. London: Macmillan.Google Scholar
  49. Reynolds, D. (2003). "Hospitality-Productivity Assessment using Data Envelopment Analysis." Cornell Hotel and Restaurant Administration Quarterly, 44 (2): 130–137.MathSciNetGoogle Scholar
  50. Rumelt, R. (1991). "How Much Does Industry Matter?" Strategic Management Journal, 12 (2): 167–185.CrossRefGoogle Scholar
  51. Santos, C. (2004). "Framing Portugal: Representational Dynamics." Annals of Tourism Research, 31 (1): 122–138.CrossRefGoogle Scholar
  52. Teece, D., G. Pisano, and A. Shuen (1997). "Dynamic Capabilities and Strategic Management." Strategic Management Journal,18 (7): 509–533.CrossRefGoogle Scholar
  53. Thanassoulis, E. (2001). Introduction to the Theory and Application of Data Envelopment Analysis: A Foundation Text with Integrated Software. Dordrecht: Kluwer.Google Scholar
  54. Thompson, R.G., L.N. Langemeier, C. Lee, and R.M. Thrall, R.M. (1990). "The Role of Multiplier Bounds in Efficiency Analysis with Application to Kansas Farming." Journal of Econometrics, 46: 93–108.CrossRefGoogle Scholar
  55. Thompson, R.G., F.D. Singleton, R.M. Thrall, and B.A. Smith (1986). “Comparative Site Evaluation for Locating a High-Energy Physics Lab in Texas.” Interfaces, 16 (6): 35–49.CrossRefGoogle Scholar
  56. Wanhill, S. (1997). "Peripheral Dimension Tourism: A European Perspective." Progress in Tourism and Hospitality Research, 3 (1): 47–70.CrossRefGoogle Scholar
  57. Wernerfelt, B. (1984). “A Resource-Based View of the Firm.” Strategic Management Journal, 5 (2):171–180.CrossRefGoogle Scholar
  58. Wijeysinghe, B.S. (1993). “Breakeven Occupancy for Hotel Operations.” Management Accounting, 71 (2): 23–33.Google Scholar

Copyright information

© Physica-Verlag 2007

Authors and Affiliations

  • Carlos Pestana Barros
    • 1
  • Álvaro Matias
    • 2
  1. 1.Instituto Superior de Economia e GestaoTechnical University of Lisbon1249-068 LisbonPortugal
  2. 2.University of Évora, Urban and Regional Analysis and Research LaboratoryApartado 94Portugal

Personalised recommendations