Efficiency Assessment of the UK Travel Agency Companies - Data Envelopment Analysis Approach

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F20%3A43918270" target="_blank" >RIV/62156489:43110/20:43918270 - isvavai.cz</a>
Result on the web
<a href="https://mme2020.mendelu.cz/wcd/w-rek-mme/mme2020_conference_proceedings_final.pdf" target="_blank" >https://mme2020.mendelu.cz/wcd/w-rek-mme/mme2020_conference_proceedings_final.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Efficiency Assessment of the UK Travel Agency Companies - Data Envelopment Analysis Approach
Original language description
Thomas Cook travel agency, one of the oldest travel agencies in the world, surprised the whole Europe when it went bankrupt in September 2019. This article focuses on efficiency evaluation of British companies operating in the same industry as Thomas Cook. Data envelopment analysis method was selected to calculate the efficiency. We use annual accounting data of the companies that are available in the Orbis database. Material costs, costs of employees, capital and assets are selected as input variables. Net income, turnover, working capital and solvency ratio represents output variables. Efficiency rating models are compiled for constant returns to scale as well as for variable returns to scale. This makes it possible to evaluate the area of the scale efficiency. All models are radial input oriented and constructed separately for each of the three monitored periods. It was found that the evaluation of efficiency through the data envelopment analysis method revealed some problems of Thomas Cook travel agency in the years preceding bankruptcy. Particularly, this travel agency ranked among companies with the lowest scale efficiency.
Czech name
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Czech description
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Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics 2020: Conference Proceedings
ISBN
978-80-7509-734-7
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
550-556
Publisher name
Mendelova univerzita v Brně
Place of publication
Brno
Event location
Brno
Event date
Sep 9, 2020
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000668460800084

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