A hotel life cycle model based on bootstrap DEA efficiency

2015 ◽  
Vol 27 (5) ◽  
pp. 918-937 ◽  
Author(s):  
Pengzhen Yin ◽  
Henry Tsai ◽  
Jie Wu
Keyword(s):  
Life Cycle ◽  
Life Cycles ◽  
Initial Growth ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Content Type ◽  
Average Efficiency ◽  
Dea Model ◽  
Bootstrap Dea ◽  
Objective Indicators

Purpose – This study aims to propose a hotel life cycle model and applies this model to examine the development of international tourist hotels (ITHs) in Taipei. Design/methodology/approach – In this study, a two-stage approach is proposed to examine the life cycles of 20 ITHs in Taipei. First, we evaluate the overall and departmental efficiencies by using a two-layer bootstrap data envelopment analysis (DEA) model. Second, we divide the phases of the hotel life cycle by incorporating two objective indicators, namely, the average efficiency change rate (AECR) and the annual average efficiency (AE). Findings – The results show not only that the efficiency scores derived from the bootstrap DEA model could help assess the performance of individual ITHs but also that the resulting AECR and AE could help to objectively classify the development of the hotels under study into the following phases: initial, growth, maturity and recession and regeneration phases. Practical implications – The method proposed in, and the results obtained from, this study can provide the stakeholders of the ITHs in Taipei with an alternative to the existing subjective enterprise life cycle (ELC) model for identifying these ITHs’ stages of development using quantitative and objective criteria. Originality/value – Existing hotel management research rarely focuses on hotel life cycle analysis, likely due to the adoption of subjective criteria by the conventional ELC model, which limits the practical application of the research. To improve on the conventional ELC model, our proposed quantitative approach involves dividing the hotel life cycle by employing two objective indicators and then empirically presenting the results.

Stakeholder performance, corporate social performance

2019 ◽  
Vol 14 (3) ◽  
pp. 242-253
Author(s):  
Jean Biwole Fouda ◽  
Irène Abessolo Abessolo
Keyword(s):  
Life Cycle ◽  
Corporate Social Performance ◽  
Social Performance ◽  
The Other ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Dominant Type ◽  
Content Type ◽  
Essentially Contested Concepts ◽  
Corporate Social

Purpose The purpose of this paper is to find out what added value does the stakeholder performance concept bring with respect to that of corporate social performance. To better understand the developments of these concepts, the authors resort to Gallie’s theory (1956) of essentially contested concepts, the life-cycle model of Hirsch and Levin’s (1999) umbrella concepts. Reconciling these two theoretical frameworks allows us to introduce the competing category notion consisting of a dominant and a dominated-type concepts. Through a historical and synchronic literature examination, CSP is shown to have characteristics of the dominant type, thanks to its more diffuse character. On the other hand, the stakeholder performance would relate to the dominated type, though it provides better operationalization possibilities. Design/methodology/approach To better understand the developments of these concepts, Gallie’s theory (1956) of essentially contested concepts, the life cycle model of Hirsch and Levin’s (1999) umbrella concepts are used. Findings CSP has characteristics of the dominant type, thanks to its more diffuse character. On the other hand, the stakeholder performance relates to the dominated type, though it provides better operationalization. Originality/value CSP as a dominant type and stakeholder performance is a dominated type.

The Life Cycle in Economic History

1983 ◽  
Vol 43 (1) ◽  
pp. 149-158 ◽  
Author(s):  
J. R. Kearl ◽  
Clayne L. Pope
Keyword(s):  
Life Cycle ◽  
Economic History ◽  
Life Cycles ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Cross Sectional ◽  
Income Ratio ◽  
History Of ◽  
Positive Effect ◽  
Foreign Birth

The life cycles of income and wealth form important traces of the economic history of households. Comparisons of cross-sectional estimates of the age-wealth profiles from 1774 to 1962 reveal little change in the basic pattern although crosssectional age-income or earnings profiles peak later in modern periods because of the increased investment in human capital.The wealth-income ratio appears to be declining. Multivariate regressions for Utah households show wealth-income patterns consistent with a life cycle model based on smoothing of consumption with little interaction between age and other determinants of economic position. Foreign birth has a positive effect on income while reducing wealth.

Dynamics of Price Elasticity and Brand Life Cycles: An Empirical Study

1979 ◽  
Vol 16 (4) ◽  
pp. 439-452 ◽  
Author(s):  
Hermann Simon
Keyword(s):  
Life Cycle ◽  
Empirical Study ◽  
Price Elasticity ◽  
Life Cycles ◽  
Time Varying ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Carryover Effects ◽  
Strategic Pricing

A brand life cycle model is developed which incorporates carryover effects and obsolescence and allows for time-varying price responses. An empirical study of 35 brands in seven different markets shows typical changes in price elasticity over the brand life cycle. Important implications for strategic pricing and antitrust issues are indicated.

scholarly journals Contribuições para a gestão de dados científicos: análise comparativa entre modelos de ciclo de vida dos dados | Contributions to the management of scientific data: comparative analysis among life cycle models

2019 ◽  
Vol 15 (2) ◽  
Author(s):  
Débora Gomes de Araújo ◽  
Marco Antonio Almeida Llarena ◽  
Sandra De Alburqueque Siebra ◽  
Guilherme Ataíde Dias
Keyword(s):  
Information Technology ◽  
Life Cycle ◽  
Comparative Analysis ◽  
Scientific Data ◽  
Life Cycles ◽  
Single Step ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Digital Curation ◽  
Data Life Cycle

RESUMO O objetivo foi analisar as intersecções entre os elementos dos modelos de ciclos de vida dos dados das iniciativas do DCC, DataONE e o CVD-CI. Trata-se de uma pesquisa descritiva, qualitativa e bibliográfica. Verificou-se que há correspondências entre etapas (nem sempre de um para um) dos ciclos de vida dos dados analisados. Foi possível constatar que o CVD-CI condensa várias atividades em uma única etapa, o que pode dificultar a sua aplicabilidade. De uma maneira geral, os modelos propostos ainda carecem de maior detalhamento para poderem ser aplicados diretamente por pesquisadores/curadores.Palavras-chave: Ciclo de Vida dos Dados; Curadoria Digital; Dados científicos; Tecnologia da Informação.ABSTRACT The objective was to analyze the intersections among the data life cycle model elements of the DCC, DataONE and CVD-CI initiatives. It is a descriptive, qualitative and bibliographical research. It was verified that there are correspondences between stages (not always one-to-one) of the analyzed data life cycles. It was possible to verify that the CVD-CI condenses several activities in a single step, which can hinder its applicability. In general, the proposed models still need to be further detailed so that they can be directly applied by researchers/curators.Keywords: Data Life Cycle; Digital Curation; Scientific Data; Information Technology.

scholarly journals FAITH Software Life Cycle Model for Forex Expert Advisors

2021 ◽  
Vol 9 (1) ◽  
pp. 1-12
Author(s):  
D.A Oyemade ◽  
D Allenotor
Keyword(s):  
Life Cycle ◽  
Software Development ◽  
Life Cycles ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Software Life Cycle ◽  
Investment Capital ◽  
Lot Sizes ◽  
Stop Loss ◽  
Very High

The emotional stress and uncertainties associated with foreign exchange (forex) trading due to the high risk of losing the investment capital has left most forex traders in a state of indecision on the best methodology to apply for achieving long term profit. The provision of lot sizes, leverages, take profits and stop losses in forex trading implies that very high profit can be made within a very short time with the same capital, but at the same time, very high losses can be incurred. On one hand, this provision often prompts a set of traders to become greedy by increasing their take profit levels, lot sizes and leverages, which in turn increases their probability of losing out. On the other hand, the provision creates doubts and induces the fear of losses in some other set of traders. Consequently, these set of conservative traders employ the use of relatively small lot sizes, low leverages and low values of take profit and high stop loss levels. This in turn often results in a devastating effect on the investment capital due to lost opportunities and resulting losses. The problem of losses in forex trading effort is compounded by the fact that many programmers and developers of forex expert advisors do not adopt a software life cycle, having learned only how to write codes to program the trading platform. Furthermore, software engineering professionals who understand the import of software development life cycles soon discover that conventional software life cycles are not capable of effectively handling the complexity of the forex market. This paper models the human characteristics of greed, fear and doubt as manifested by traders in forex trading using selected expert advisors’ properties. It proposes Facts, Analysis, Implementation, Testing and Hope (FAITH) software life cycle model for Forex trading profitability to tackle the problem of indecision in the development of forex expert advisors. The proposed model was implemented on a live trading platform for a period of three months and compared with doubt, fear and greed approach to trading. The results showed that while a level of greed can be profitable, FAITH software life cycle produced more profitable results and can be adopted for forex trading. Keywords: Software Development Life Cycle, Expert advisors, Forex Model, Losses, Profit

Dividend policy and corporate valuation

2017 ◽  
Vol 43 (6) ◽  
pp. 663-678 ◽  
Author(s):  
Richard Hauser ◽  
John H. Thornton Jr
Keyword(s):  
Life Cycle ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Repurchases ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Dividend Payment ◽  
Content Type ◽  
Firm’S Life Cycle ◽  
Firm Maturity

Purpose The purpose of this paper is to investigate an empirical solution to dividend policy relevance. Design/methodology/approach The paper combines measures of firm maturity in a logit regression to define a comprehensive life-cycle model of the likelihood of dividend payment. The valuation of firms that conform to the model is compared to the valuation of firms that do not fit the model. Valuation is measured by the market to book (M/B) ratio. Findings The analysis indicates that dividend policy is related to firm value. Dividend-paying firms that fit the life-cycle model have a higher median valuation than dividend-paying firms that do not fit the life-cycle model. Similarly, non-paying firms that fit the life-cycle model have a higher median valuation than non-paying firms that do not fit the life-cycle model. The results also provide evidence that the disappearing dividend phenomenon is related to shifts in valuation. Research limitations/implications This paper focuses on the payment of dividends. Stock repurchases are not considered. Practical implications The results indicate that dividend policy is related to firm value. Approximately 15 percent of sample observations have a dividend policy counter to the life-cycle model. Originality/value This paper shows that the relation between a firm’s M/B ratio and dividend policy changes over the firm’s life-cycle. It also shows that the catering motive for dividends is strongest among firms that are outliers in the life-cycle model and firms of intermediate maturity.

scholarly journals Life cycle and performance among SMEs: Swedish empirical evidence

2014 ◽  
Vol 15 (5) ◽  
pp. 555-571 ◽  
Author(s):  
Darush Yazdanfar ◽  
Peter Öhman
Keyword(s):  
Life Cycle ◽  
Firm Performance ◽  
Analysis Of Variance ◽  
Set Covering ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Data Set ◽  
Content Type ◽  
Life Cycle Stages ◽  
Performance Pattern

Purpose – This study aims to empirically examine the applicability of the life cycle model of firm performance to growth and profitability among Swedish small- and medium-sized enterprises (SMEs). Design/methodology/approach – Using analysis of variance, multiple analysis of variance and three-stage least square modelling, this study analyses a longitudinal data set covering 26,721 Swedish SMEs in six industries from 2008 to 2011. Findings – The empirical results indicate a clear life cycle performance pattern among the sampled SMEs, and that a six-stage life cycle model is applicable in predicting the performance pattern in terms of growth and profitability. On average, younger SMEs tend to display better performance in terms of growth and profitability than do their older and larger counterparts; moreover, larger SMEs tend to achieve better performance than do smaller ones. Practical implications – The findings help SME managers understand how their decision-making style, strategy and structure can be related to various life cycle stages. Such an understanding may help them improve firm performance over time. Policymakers may find the results useful in coordinating SME support in line with various life cycle stages. Originality/value – To the authors’ knowledge, this study is one of only a few using two performance variables to test the applicability of the life cycle model in a longitudinal and cross-industrial sample.

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