Production Models and Technology

  • Peter Bogetoft
  • Lars Otto
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 157)


In Chap. 1, we briefly introduced the concept of a production set or a technology as a way to characterize the production possibilities in a given application. This concept is crucial in advanced benchmarking because it defines the set of possible performance outcomes against which we can evaluate the actual performance of a given firm.


Distance Function Production Plan Convex Combination Production Model Credit Union 
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Copyright information

© Springer New York 2011

Authors and Affiliations

  1. 1.Department of EconomicsCopenhagen Business School CBSFrederiksbergDenmark
  2. 2.Institute of Food and Resource EconomicsUniversity of CopenhagenFrederiksberg CDenmark

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