Performance Models

Peter Bogetoft

Chapter Chapter 3 in Performance Benchmarking, 2012, pp 49-69 from Springer

Abstract: Abstract In Chap.1, we introduced the idea of a systemic model of the firm that captures how multiple inputs are transformed into multiple outputs under the influence of multiple non-controllable, contextual factors. We also introduced the concept of a production set or a technology as a way to characterize the production possibilities in a given application. The systemic model and the technology 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.

Keywords: Production Plan; Convex Combination; Constant Return; Marketing Effort; Free Disposable Hull (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/978-1-4614-6043-5_3

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