A stochastic cost efficiency analysis of international tourist hotels in Taiwan
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 …
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 …
A stochastic cost efficiency analysis of international tourist hotels in Taiwan.
HJL Hu JinLi, CCN Chiu ChiaNing… - 2010 - cabidigitallibrary.org
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 …
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 …
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