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dc.contributor.authorOberholzer, Merwe
dc.contributor.authorVan der Westhuizen, Gert
dc.contributor.authorSmit, Christiaan
dc.date.accessioned2014-07-29T08:28:46Z
dc.date.available2014-07-29T08:28:46Z
dc.date.issued2012
dc.identifier.citationOberholzer, M. et al. 2012. Operating cost efficiency of different size sectional title development schemes. Journal of economic and financial sciences, 5(2):307-322. [http://reference.sabinet.co.za/sa_epublication/jefs]en_US
dc.identifier.issn1022-6486
dc.identifier.issn2222-582x
dc.identifier.urihttp://hdl.handle.net/10394/10943
dc.description.abstractThe purpose of the study was to estimate the relative efficiency of different sizes of residential Sectional Title Development Schemes (STDSs) in order to minimise operating costs. Since area (m2) and the number of units in an STDS were found to be equally important drivers of operating costs, data envelopment analysis was used to estimate the efficiencies of a sample of 113 STDSs where the two measures of size were used as output variables and six categories of operating costs were used as input variables. It is evident that smaller STDSs tend to be more efficient in minimising operating costs than larger STDSs. Furthermore, it is also evident that economies of scale generally do not exist. The main limitation was that the role of a categorised scale of basic housing (lower market) or the scale of luxurious housing (upper market) was not considered.en_US
dc.description.urihttp://reference.sabinet.co.za/webx/access/electronic_journals/jefs/jefs_v5_n2_a2.pdf
dc.language.isoenen_US
dc.publisherSabineten_US
dc.subjectSectional title development schemesen_US
dc.subjectdata envelopment analysisen_US
dc.subjectefficiencyen_US
dc.subjectoperating costsen_US
dc.titleOperating cost efficiency of different size sectional title development schemesen_US
dc.typeArticleen_US
dc.contributor.researchID10067450 - Oberholzer, Merwe
dc.contributor.researchID10055851 - Van der Westhuizen, Gerhardus


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