Recreation Specialization, Personal Input and Service Level

Shih-Ming Ou
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Shih-Ming Ou: Associate Professor Department of Logistics Management Fuzhou College of Foreign Studies and Trade, China

Business, Management and Economics Research, 2016, vol. 2, issue 7, 141-147

Abstract: With increased attention paid to leisure time and much diversified interests developed in tourism, there have emerged various recreational activities that attract the eye of the many potential recreationists. The modern society begins to witness recreationists continue their involvement with recreational activities with a view to accumulating practical experience, improving activity skills and upgrading recreational specialization. In this socialization process, tourist firms play an important role, indeed. However, what is the better investment strategy for tourist firms to meet the rising demand of recreationists? This paper in application of optimal control theory seeks to construct a model, first of all, to describe the dynamic nature of recreational specialization process and accumulation of human capitals and resources, and secondly, to bring forth recommendation of adequate investment strategy for tourist firms. Findings include improving service speeds up accumulating process of recreational specialization capital.

Keywords: Recreational specialization; Personal inputs; Optimal control theory. (search for similar items in EconPapers)
Date: 2016
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