標題: A stochastic cost efficiency analysis of international tourist hotels in Taiwan
作者: Hu, Jin-Li
Chiu, Chia-Ning
Shieh, Hwai-Shuh
Huang, Chia-Hui
管理科學系
經營管理研究所
Department of Management Science
Institute of Business and Management
關鍵字: International tourist hotel;Cost efficiency;Stochastic frontier;Panel data;Time-varying efficiency
公開日期: 1-三月-2010
摘要: The one-stage stochastic frontier approach (SFA) is used in this study to simultaneously estimate cost efficiency scores and factors of cost inefficiency for 66 international tourist hotels in Taiwan during 1997-2006. An SFA model with three outputs and three inputs is defined. The three outputs are room revenue, food and beverage revenue, and other operation revenue while the three inputs are price of labor, price of other operation, and price of food and beverage. This model also takes into account five environmental variables, including dummy variable of the hotels located in non-metropolitan area, dummy variable of chain hotels, the number of tourist guides, the minimum distance from each hotel to Taoyuan international airport and the minimum distance from each hotel to Kaohsiung international airport. Empirical results show that international tourist hotels in Taiwan are on average operating at 91.15% cost efficiency. All nominal variables are transformed into real variables in 1997 prices by GDP deflators. Chain systems, tourist guides, and international transportation can significantly improve the cost efficiency of international tourist hotels in Taiwan. (C) 2009 Elsevier Ltd. All rights reserved.
URI: http://dx.doi.org/10.1016/j.ijhm.2009.06.005
http://hdl.handle.net/11536/14115
ISSN: 0278-4319
DOI: 10.1016/j.ijhm.2009.06.005
期刊: INTERNATIONAL JOURNAL OF HOSPITALITY MANAGEMENT
Volume: 29
Issue: 1
起始頁: 99
結束頁: 107
顯示於類別:期刊論文


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