Benchmark Selection: An Axiomatic Approach
AbstractWithin 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.
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Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 01-06.
Length: 20 pages
Date of creation: Feb 2001
Date of revision:
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Benchmarking; Production Economics; Selection;
Other versions of this item:
- Hougaard, Jens Leth & Tvede, Mich, 2002. "Benchmark selection: An axiomatic approach," European Journal of Operational Research, Elsevier, Elsevier, vol. 137(1), pages 218-228, February.
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- D2 - Microeconomics - - Production and Organizations
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
- M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-10-22 (All new papers)
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