Abstract
![CDATA[This paper combines the use of stochastic frontier and MIMIC model is assessing the level of economic performance of health care foodservice operations. The stochastic frontier was used as part of a first-stage analysis to estimate the level of technical, allocative and cost efficiency of health foodservice operations. In the second stage, these efficiency estimates were included in a MIMIC model framework as imperfect indicators for an inherently latent variable-economics per-formance. The first stage results showed that the average levels of technical, allocative and cost efficiency were equal to 80 %, 88 %, and 70% respectively, indicating that technical efficiency is the main source of cost inefficiency and requires further attention. The results from the MIMIC model showed a positive and significant relationship between the years of a manager’s experi-ence, years of a manager’s education and economic performance. This highlights the importance of these two variables in improving the level of economic performance of health care foodservice operations.]]
Original language | English |
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Title of host publication | “Where the 'bloody hell' are we?”: Proceedings of the 18th Annual Council of Australian University Tourism and Hospitality Education (CAUTHE) Conference, held in Surfers Paradise, Qld., 11-14 February, 2008 |
Publisher | Griffith University |
Number of pages | 11 |
ISBN (Print) | 9781921291333 |
Publication status | Published - 2008 |
Event | CAUTHE Conference - Duration: 8 Feb 2016 → … |
Conference
Conference | CAUTHE Conference |
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Period | 8/02/16 → … |
Keywords
- food service
- hospitals
- stochastic analysis
- mimic models
- performance