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

Department of Economics

9 Citations (Scopus)

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
Journal	European Journal of Operational Research
Volume	137
Issue number	1
Pages (from-to)	218-228
ISSN	0377-2217
DOIs	https://doi.org/10.1016/S0377-2217(01)00080-7
Publication status	Published - 2002

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title = "Benchmark selection: an axiomatic approach",

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AU - Hougaard, Jens Leth

AU - Tvede, Mich

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AB - 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

U2 - 10.1016/S0377-2217(01)00080-7

DO - 10.1016/S0377-2217(01)00080-7

M3 - Journal article

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VL - 137

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EP - 228

JO - European Journal of Operational Research

JF - European Journal of Operational Research

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Benchmark selection: an axiomatic approach

Abstract

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