Benchmark selection: An axiomatic approach

Jens Leth Hougaard, Mich Tvede

Research output: Contribution to journalArticlepeer-review


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 languageEnglish (US)
Pages (from-to)218-228
Number of pages11
JournalEuropean Journal of Operational Research
Issue number1
StatePublished - Feb 16 2002


  • 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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