Using the “Efficient Frontier” in Analyzing the Activity of a Sample of Hotels from the Romanian Seaside

Trandafir Raluca-Andreea ()
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Trandafir Raluca-Andreea: Ovidius University of Constanta, Romania, Faculty of Law, Administrative Sciences and Sociology

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 606-611

Abstract: The purpose of this research is to emphasize the necessity of using the econometric and statistical-mathematical methods in the decision making process, in the hospitality industry. This paper presents several modeling theories and concepts, and approaches, in particular, the econometric models that aimed at the presentation of the descriptive statistics for the variables analyzed, and testes several simple regression models. Thus, in order to capture more accurately the economic and financial performance of hotel companies, we have turned to a sample of 40 Romanian seaside hotels. We studied their effectiveness by applying the methodology for a period of 5 years in relation to a system of 6 economic and financial indicators.

Keywords: the hospitality industry; frontier models; efficiency; econometric and statistical-mathematical models. (search for similar items in EconPapers)
JEL-codes: C10 M40 M41 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:606-611

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