Corporate real estate analysis: evaluating telecom branch efficiency in Greece

This article proposes productivity analysis for evaluating the relative efficiency in corporate real estate usage across decision-making units. Using data from the Greek Telecommunications Organization (GTO), we measure the productivity of 127 branches using the number of employees and the total are...

Full description

Saved in:
Bibliographic Details
Published in:Applied economics 2010-04, Vol.42 (9), p.1133-1143
Main Authors: Kritikos, Manolis, Markellos, Raphael N., Prastacos, Gregory
Format: Article
Language:English
Subjects:
Commercial property
Commercial real estate
Data envelopment analysis
Decision making units
Economic models
Greece
Industrial development
Industrial economics
Industrial prices
Industrial productivity
Information and communication technologies
Productivity
Real estate valuation
Studies
Telecommunications industry
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This article proposes productivity analysis for evaluating the relative efficiency in corporate real estate usage across decision-making units. Using data from the Greek Telecommunications Organization (GTO), we measure the productivity of 127 branches using the number of employees and the total area covered per building as inputs and the number of telephony access lines as outputs. We apply three nonparametric Data Envelopment Analysis (DEA) models assuming: Constant Returns to Scale (CRS), Variable Returns to Scale (VRS) and Slacks-Based Measures (SBM), respectively. We discuss how the proposed approach can provide real estate managers and analysts a multi-informational tool that allows the quantification of targets and may serve as a guide tool for the efficient employment of real estate assets.
ISSN:0003-6846
1466-4283
DOI:10.1080/00036840701721166