Untangling hotel industry’s inefficiency: An SFA approach applied to a renowned Portuguese hotel chain

The present paper explores the technical efficiency of four hotels from Teixeira Duarte Group - a renowned Portuguese hotel chain. An efficiency ranking is established from these four hotel units located in Portugal using Stochastic Frontier Analysis. This methodology allows to discriminate between measurement error and systematic inefficiencies in the estimation process enabling to investigate the main inefficiency causes. Several suggestions concerning efficiency improvement are undertaken for each hotel studied.info:eu-repo/semantics/publishedVersio

Proceedings of the 35th International Workshop on Statistical Modelling : July 20- 24, 2020 Bilbao, Basque Country, Spain

466 p.The InternationalWorkshop on Statistical Modelling (IWSM) is a reference workshop in promoting statistical modelling, applications of Statistics for researchers, academics and industrialist in a broad sense. Unfortunately, the global COVID-19 pandemic has not allowed holding the 35th edition of the IWSM in Bilbao in July 2020. Despite the situation and following the spirit of the Workshop and the Statistical Modelling Society, we are delighted to bring you the proceedings book of extended abstracts

Proceedings of the 35th International Workshop on Statistical Modelling : July 20- 24, 2020 Bilbao, Basque Country, Spain

466 p.The InternationalWorkshop on Statistical Modelling (IWSM) is a reference workshop in promoting statistical modelling, applications of Statistics for researchers, academics and industrialist in a broad sense. Unfortunately, the global COVID-19 pandemic has not allowed holding the 35th edition of the IWSM in Bilbao in July 2020. Despite the situation and following the spirit of the Workshop and the Statistical Modelling Society, we are delighted to bring you the proceedings book of extended abstracts

Proceedings of the 36th International Workshop Statistical Modelling July 18-22, 2022 - Trieste, Italy

The 36th International Workshop on Statistical Modelling (IWSM) is the first one held in presence after a two year hiatus due to the COVID-19 pandemic. This edition was quite lively, with 60 oral presentations and 53 posters, covering a vast variety of topics. As usual, the extended abstracts of the papers are collected in the IWSM proceedings, but unlike the previous workshops, this year the proceedings will be not printed on paper, but it is only online. The workshop proudly maintains its almost unique feature of scheduling one plenary session for the whole week. This choice has always contributed to the stimulating atmosphere of the conference, combined with its informal character, encouraging the exchange of ideas and cross-fertilization among different areas as a distinguished tradition of the workshop, student participation has been strongly encouraged. This IWSM edition is particularly successful in this respect, as testified by the large number of students included in the program

Determinants of Corporate Failure: The Case of the Johannesburg Stock Exchange

The aim of this paper is to estimate the probability of default for JSE listed companies. Our distinctive contribution is to use the multi-sector approach in estimating corporate failure instead of estimating failure in one sector, as failing companies are faced with the same challenge regardless of the sectors they operate in. The study creates a platform to identify the effect of Book-value to Market-value ratio on the probability to default, as this variable is often used as a proxy for corporate default in asset pricing models. Moreover, the use of Classification and Regression Trees uncovers other variables as reliable predictors to estimate corporate failure as the model is designed to choose the covariates with respect to classification ability. Our study also serves to add to the literature on how Logistic model performance compares to Machine Learning methods such as Classification and Regression Trees and Support Vector Machines. The study is the first to apply Support Vector Machines to predict failure on South African listed companies

Spatio-temporal forecasting of network data

In the digital age, data are collected in unprecedented volumes on a plethora of networks. These data provide opportunities to develop our understanding of network processes by allowing data to drive method, revealing new and often unexpected insights. To date, there has been extensive research into the structure and function of complex networks, but there is scope for improvement in modelling the spatio-temporal evolution of network processes in order to forecast future conditions. This thesis focusses on forecasting using data collected on road networks. Road traffic congestion is a serious and persistent problem in most major cities around the world, and it is the task of researchers and traffic engineers to make use of voluminous traffic data to help alleviate congestion. Recently, spatio-temporal models have been applied to traffic data, showing improvements over time series methods. Although progress has been made, challenges remain. Firstly, most existing methods perform well under typical conditions, but less well under atypical conditions. Secondly, existing spatio-temporal models have been applied to traffic data with high spatial resolution, and there has been little research into how to incorporate spatial information on spatially sparse sensor networks, where the dependency relationships between locations are uncertain. Thirdly, traffic data is characterised by high missing rates, and existing methods are generally poorly equipped to deal with this in a real time setting. In this thesis, a local online kernel ridge regression model is developed that addresses these three issues, with application to forecasting of travel times collected by automatic number plate recognition on London’s road network. The model parameters can vary spatially and temporally, allowing it to better model the time varying characteristics of traffic data, and to deal with abnormal traffic situations. Methods are defined for linking the spatially sparse sensor network to the physical road network, providing an improved representation of the spatial relationship between sensor locations. The incorporation of the spatio-temporal neighbourhood enables the model to forecast effectively under missing data. The proposed model outperforms a range of benchmark models at forecasting under normal conditions, and under various missing data scenarios