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Performance Models

In: Performance Benchmarking

Author

Listed:
  • Peter Bogetoft

    (Copenhagen Business School CBS
    Yale Univeristy)

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.

Suggested Citation

  • Peter Bogetoft, 2012. "Performance Models," Management for Professionals, in: Performance Benchmarking, edition 127, chapter 0, pages 49-69, Springer.
    • Handle: RePEc:spr:mgmchp:978-1-4614-6043-5_3
    DOI: 10.1007/978-1-4614-6043-5_3
    as

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