IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-02401461.html
   My bibliography  Save this paper

Strategic decision concerning tourist origins portfolio: A decision process based on the ELECTRE method and applied to French Polynesia

Author

Listed:
  • Laurent Botti

    (CAEPEM - Centre d'Analyse de l'Efficience et de la Performance en Economie et Management - UPVD - Université de Perpignan Via Domitia)

  • Sylvain Petit

    (UPF - Université de la Polynésie Française, GDI - Gouvernance et développement insulaire - UPF - Université de la Polynésie Française, CRISS - Centre de Recherche Interdisciplinaire en Sciences de la Société - UPHF - Université Polytechnique Hauts-de-France)

  • Linjia Zhang

    (Xi'an Jiaotong-Liverpool University [Suzhou])

Abstract

This paper presents a two-step framework for the selection of the optimal tourist origins portfolio for a particular destination. The paper applies this decision-making process to French Polynesia. The first step of the framework is based on a mean-variance optimization procedure and proposes the subset of portfolios among which the decision-maker must limit her-his choice. Second, the multi-criteria ELECTRE method is employed to rank all the portfolios considered on the basis of decision-makers' preferences exposed in the parameters of the algorithm. Three decision-maker profiles are proposed from a risk-averse profile to a risk-lover profile. This paper contributes to the dedicated literature by presenting ELECTRE III as an alternative to the utility function approach used by previous studies. Results of our application to French Polynesia's tourist attendance data (from 2014 to 2017) highlight the usefulness of the framework exhibited and empirically underline the economic perspectives offered by Chinese tourists. The French Polynesian application follows a clear presentation permitting consideration of applications to other destinations.

Suggested Citation

  • Laurent Botti & Sylvain Petit & Linjia Zhang, 2020. "Strategic decision concerning tourist origins portfolio: A decision process based on the ELECTRE method and applied to French Polynesia," Post-Print hal-02401461, HAL.
    • Handle: RePEc:hal:journl:hal-02401461
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Barros, Carlos Pestana & Botti, Laurent & Peypoch, Nicolas & Robinot, Elisabeth & Solonandrasana, Bernardin & A., George Assaf, 2011. "Performance of French destinations: Tourism attraction perspectives," Tourism Management, Elsevier, vol. 32(1), pages 141-146.
    2. Hatami-Marbini, Adel & Tavana, Madjid, 2011. "An extension of the Electre I method for group decision-making under a fuzzy environment," Omega, Elsevier, vol. 39(4), pages 373-386, August.
    3. Goncalves, Olga, 2013. "Efficiency and productivity of French ski resorts," Tourism Management, Elsevier, vol. 36(C), pages 650-657.
    4. JosÉ Figueira & Salvatore Greco & Matthias Ehrogott, 2005. "Multiple Criteria Decision Analysis: State of the Art Surveys," International Series in Operations Research and Management Science, Springer, number 978-0-387-23081-8, September.
    5. Ishizaka, Alessio & Nemery, Philippe & Lidouh, Karim, 2013. "Location selection for the construction of a casino in the Greater London region: A triple multi-criteria approach," Tourism Management, Elsevier, vol. 34(C), pages 211-220.
    6. Hanitra Rakotondramaro & Laurent Botti, 2018. "Optimizing tourist demands with utility efficient frontier," Tourism Economics, , vol. 24(2), pages 157-166, March.
    7. Corne, Aurélie, 2015. "Benchmarking and tourism efficiency in France," Tourism Management, Elsevier, vol. 51(C), pages 91-95.
    8. Zhang, Linjia & Botti, Laurent & Petit, Sylvain, 2016. "Destination performance: Introducing the utility function in the mean-variance space," Tourism Management, Elsevier, vol. 52(C), pages 123-132.
    9. George Assaf, A., 2012. "Benchmarking the Asia Pacific tourism industry: A Bayesian combination of DEA and stochastic frontier," Tourism Management, Elsevier, vol. 33(5), pages 1122-1127.
    10. Yann Otcenasek & Sylvain Petit, 2023. "Anticiper les conséquences économiques pour le tourisme d’une petite destination insulaire : l’exemple de la Polynésie française," Post-Print hal-02138654, HAL.
    11. Cailloux, Olivier & Mayag, Brice & Meyer, Patrick & Mousseau, Vincent, 2013. "Operational tools to build a multicriteria territorial risk scale with multiple stakeholders," Reliability Engineering and System Safety, Elsevier, vol. 120(C), pages 88-97.
    12. Aurélie Corne, 2015. "Benchmarking and tourism efficiency in France," Post-Print hal-02395171, HAL.
    13. Stauvermann, Peter Josef & Kumar, Ronald Ravinesh, 2016. "Economics of tourism & growth for small island countries," Tourism Management, Elsevier, vol. 55(C), pages 272-275.
    14. Zopounidis, C., 1999. "Multicriteria decision aid in financial management," European Journal of Operational Research, Elsevier, vol. 119(2), pages 404-415, December.
    15. Chang, Young-Tae & Lee, Suhyung & Park, Hyosoo (Kevin), 2017. "Efficiency analysis of major cruise lines," Tourism Management, Elsevier, vol. 58(C), pages 78-88.
    16. Papadopoulos, Agis & Karagiannidis, Avraam, 2008. "Application of the multi-criteria analysis method Electre III for the optimisation of decentralised energy systems," Omega, Elsevier, vol. 36(5), pages 766-776, October.
    17. Attardi, Raffaele & Cerreta, Maria & Sannicandro, Valentina & Torre, Carmelo Maria, 2018. "Non-compensatory composite indicators for the evaluation of urban planning policy: The Land-Use Policy Efficiency Index (LUPEI)," European Journal of Operational Research, Elsevier, vol. 264(2), pages 491-507.
    18. Assaf, A. George & Tsionas, Efthymios G., 2015. "Incorporating destination quality into the measurement of tourism performance: A Bayesian approach," Tourism Management, Elsevier, vol. 49(C), pages 58-71.
    19. Séraphin, Hugues & Ambaye, Michele & Gowreesunkar, Vanessa & Bonnardel, Valérie, 2016. "A marketing research tool for destination marketing organizations' logo design," Journal of Business Research, Elsevier, vol. 69(11), pages 5022-5027.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hai Dong & Nicolas Peypoch & Linjia Zhang, 2020. "Do contextual factors matter? Evidence from Chinese hotel productivity with heterogeneity," Tourism Economics, , vol. 26(2), pages 257-275, March.
    2. Bing Xia & Suocheng Dong & Duoxun Ba & Yu Li & Fujia Li & Haimeng Liu & Zehong Li & Minyan Zhao, 2018. "Research on the Spatial Differentiation and Driving Factors of Tourism Enterprises’ Efficiency: Chinese Scenic Spots, Travel Agencies, and Hotels," Sustainability, MDPI, vol. 10(4), pages 1-22, March.
    3. Peng, Hongsong & Zhang, Jinhe & Lu, Lin & Tang, Guorong & Yan, Bingjin & Xiao, Xiao & Han, Ya, 2017. "Eco-efficiency and its determinants at a tourism destination: A case study of Huangshan National Park, China," Tourism Management, Elsevier, vol. 60(C), pages 201-211.
    4. Aurélie Corne & Olga Goncalves & Nicolas Peypoch, 2020. "Evaluating the performance drivers of French ski resorts: A hierarchical approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(3), pages 389-405, April.
    5. Govindan, Kannan & Jepsen, Martin Brandt, 2016. "ELECTRE: A comprehensive literature review on methodologies and applications," European Journal of Operational Research, Elsevier, vol. 250(1), pages 1-29.
    6. Assaf, A. George & Tsionas, Mike, 2018. "The estimation and decomposition of tourism productivity," Tourism Management, Elsevier, vol. 65(C), pages 131-142.
    7. Mousavi, M. & Gitinavard, H. & Mousavi, S.M., 2017. "A soft computing based-modified ELECTRE model for renewable energy policy selection with unknown information," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 774-787.
    8. Zutao Deng & Yan Gao & Bin Liang & Alastair M Morrison, 2020. "Efficiency evaluation of hotel operations in Mainland China based on the superefficiency SBM model," Tourism Economics, , vol. 26(2), pages 276-298, March.
    9. Corne, Aurélie & Peypoch, Nicolas, 2020. "On the determinants of tourism performance," Annals of Tourism Research, Elsevier, vol. 85(C).
    10. Manuela Pulina & Valentina Santoni, 2018. "A two-stage DEA approach to analyse the efficiency of the hospitality sector," Tourism Economics, , vol. 24(3), pages 352-365, May.
    11. Assaf, A. George & Tsionas, Mike G., 2019. "A review of research into performance modeling in tourism research - Launching the Annals of Tourism Research curated collection on performance modeling in tourism research," Annals of Tourism Research, Elsevier, vol. 76(C), pages 266-277.
    12. Haurant, P. & Oberti, P. & Muselli, M., 2011. "Multicriteria selection aiding related to photovoltaic plants on farming fields on Corsica island: A real case study using the ELECTRE outranking framework," Energy Policy, Elsevier, vol. 39(2), pages 676-688, February.
    13. Alberca-Oliver, Pilar & Rodríguez-Oromendía, Ainhoa & Parte-Esteban, Laura, 2015. "Measuring the efficiency of trade shows: A Spanish case study," Tourism Management, Elsevier, vol. 47(C), pages 127-137.
    14. Zhang, Linjia & Botti, Laurent & Petit, Sylvain, 2016. "Destination performance: Introducing the utility function in the mean-variance space," Tourism Management, Elsevier, vol. 52(C), pages 123-132.
    15. Calogero Guccio & Domenico Lisi & Marco Martorana & Anna Mignosa, 2017. "On the role of cultural participation in tourism destination performance: an assessment using robust conditional efficiency approach," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(2), pages 129-154, May.
    16. Huck, Nicolas, 2009. "Pairs selection and outranking: An application to the S&P 100 index," European Journal of Operational Research, Elsevier, vol. 196(2), pages 819-825, July.
    17. Wu, Yueh-Cheng & Lin, Sheng-Wei, 2022. "Efficiency evaluation of Asia's cultural tourism using a dynamic DEA approach," Socio-Economic Planning Sciences, Elsevier, vol. 84(C).
    18. Chris van Heerden & Melville Saayman, 2018. "Sustainability of a national arts festival," Tourism Economics, , vol. 24(5), pages 576-592, August.
    19. Dinesh Jaisinghani & Mahesh Joshi & Jatin Goyal & Sharad Sharma, 2023. "Persistence of financial efficiency in indian hospitality and tourism industry: a dynamic panel Approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(2), pages 1845-1863, April.
    20. Guironnet, Jean-Pascal & Peypoch, Nicolas, 2018. "The geographical efficiency of education and research: The ranking of U.S. universities," Socio-Economic Planning Sciences, Elsevier, vol. 62(C), pages 44-55.

    More about this item

    Keywords

    Performance; Multi Criteria Decision Making (MCDM); ELECTRE; Mean- Variance approach 2;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-02401461. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.