Browsing by Author "Chiu, Chia-Ning"

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A stochastic cost efficiency analysis of international tourist hotels in Taiwan
(2010-03-01)
Hu, Jin-Li
;
Chiu, Chia-Ning
;
Shieh, Hwai-Shuh
;
Huang, Chia-Hui
;
管理科學系
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.
Cost Efficiency of International Tourist Hotels in Taiwan: A Data Envelopment Analysis Application
(2009)
Hu, Jin-Li
;
Shieh, Hwai-Shuh
;
Huang, Chia-Hui
;
Chiu, Chia-Ning
;
管理科學系
This paper uses the data envelopment analysis approach to measure cost, allocative and overall technical efficiencies of international tourist hotels (ITHs) in Taiwan during 1997-2006. There are three outputs, three inputs, three input prices and four environmental variables in the empirical model. The cost inefficiency of these hotels is from overall technical inefficiency. International tourist hotels in Taiwan have an average efficiency of 57%. Chain systems, non-metropolitan areas and occupancy rate have significantly positive impacts on all efficiency scores of Taiwan's ITHs. The distance from the nearest international airport significantly worsens their efficiency scores.