Bayesian cost efficiency of Luanda, Angola hotels

被引：9
|
作者：
Assaf, A. George [1 ]
Barros, C. [2 ]
机构：
[1] Univ Massachusetts, Amherst, MA 01003 USA
[2] Univ Tecn Lisboa, Inst Super Econ & Gestao, Lisbon, Portugal
来源：
SERVICE INDUSTRIES JOURNAL | 2011年 / 31卷 / 09期
关键词：
Angola-Luanda hotels; hotels; Bayesian stochastic frontier model; returns to scale; cost efficiency; MANAGERIAL EFFICIENCY;
D O I：
10.1080/02642060903576068
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
This paper analyses the cost efficiency of Angola-Luanda hotels using a Bayesian stochastic frontier model. The results confirm that Luanda hotels have increased their cost efficiency over the period of study to reach an overall average of 67.11%. Results from the returns to scale also indicate that further improvements in efficiency are possible if Luanda hotels would increase the size and scale of their operations. Policy implications of the results are derived.
引用
收藏
页码：1549 / 1559
页数：11
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