Benchmark selection: An axiomatic approach

Jens Leth Hougaard; Mich Tvede

doi:10.1016/S0377-2217(01)00080-7

Benchmark selection: An axiomatic approach

Jens Leth Hougaard, Mich Tvede

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

Within a production theoretic framework, this paper considers an axiomatic approach to benchmark selection. It is shown that two simple and weak axioms; efficiency and comprehensive monotonicity characterize a natural family of benchmarks which typically becomes unique. Further axioms are added in order to obtain a unique selection.

Original language	English (US)
Pages (from-to)	218-228
Number of pages	11
Journal	European Journal of Operational Research
Volume	137
Issue number	1
DOIs	https://doi.org/10.1016/S0377-2217(01)00080-7
State	Published - Feb 16 2002

Keywords

Benchmarking
Production economics
Selection

ASJC Scopus subject areas

General Computer Science
Modeling and Simulation
Management Science and Operations Research
Information Systems and Management

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10.1016/S0377-2217(01)00080-7

Cite this

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Benchmark selection: An axiomatic approach

Abstract

Keywords

ASJC Scopus subject areas

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