FINANCIAL EFFICIENCY TEST OF THE ISE TOURISM COMPANIES: DATA ENVELOPMENT ANALYSIS APPLICATION

Year 2012, Volume: 4 Issue: 1, 95 - 100, 01.06.2012

G. Cenk Akkaya Ceren Uzar

https://izlik.org/JA35HE42AR

Abstract

Performance evaluation has become an important improvement tool for tourism sector to be succesful in today’s highly competitive environment. Data Envelopment Analysis (DEA) is an increasingly popular management tool. It has been extensively applied in performance evaluation and benchmarking of companies. This paper implements a Data Envelopment Analysis (DEA) approach to measure the efficiency of Tourism Companies over a 3-year period (2009 to 2011). It also demonstrates DEA as an effective management tool for tourism companies

Keywords

Data Envelopment Analysis , Tourism Companies , Efficiency

References

• Hollingsworth, B., Smith P. (2003), “Use of ratios in data envelopment analysis”, Applied Economics Letters, 10:11, pp. 733-735.
• Khan, Mohammed Akbar Ali, Kuntluru Sudershan, Parupati Sunil Kumar (2011), “Analysis of Financial Statements Using Data Envelopment Analysis (DEA): A Case of Select Indian Pharmaceutical Companies”, The Business Review, Vol. 17 Num. 1, pp. 178-184.
• Malhotra, D.K., Malhotra, Rashmi (2008), Financial Statement Analysis Using Data Envelopment Analysis, Northeast Decision Sciences Institute Proceedings - March 28-30, pp. 330-334.
• Chen, Yao (2005), “Measuring super-efficiency in DEA in the presence of infeasibility”, European Journal of Operational Research 161, pp. 545-551.
• Halkos, George E., Salamouris Dimitrios S., (2004), “Efficiency measurement of the Greek commercial banks with the use of financial ratios: a data envelopment analysis approach”, Management Accounting Research 15, pp. 201-224.
• Ozbek, Mehmet Egemen, de la Garza Jesşs M., Triantis Konstantinos (2009), “Data Envelopment Analysis as a Decision-Making Tool for Transportation Professionals”, Journal of Transportation Engineering, November, pp. 822-831.