A two-stage approach in assessing the level of economic performance : a combination of stochastic frontier and mimic model

Abdallah G. Assaf, Kenan M. Matawie, Jim Mitchell, Scott Richardson

    Research output: Chapter in Book / Conference PaperConference Paper

    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 languageEnglish
    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
    PublisherGriffith University
    Number of pages11
    ISBN (Print)9781921291333
    Publication statusPublished - 2008
    EventCAUTHE Conference -
    Duration: 8 Feb 2016 → …

    Conference

    ConferenceCAUTHE Conference
    Period8/02/16 → …

    Keywords

    • food service
    • hospitals
    • stochastic analysis
    • mimic models
    • performance

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