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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Mathematical Methods in Economics 2020: Conference Proceedings

ISBN

978-80-7509-734-7

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

550-556

Název nakladatele

Mendelova univerzita v Brně

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

9. 9. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000668460800084