Continuous benchmark solutions

Continuous benchmark solutions

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Article ID: iaor20043026
Country: Netherlands
Volume: 32
Issue: 1
Start Page Number: 94
End Page Number: 98
Publication Date: Jan 2004
Journal: Operations Research Letters
Authors: ,
Keywords: probability
Abstract:

The existence of benchmark selections that are continuous both in production factors and technology is examined. If the class of technologies display non-convexities, continuous selections do not exist in general. For probabilistic benchmarks, i.e., lotteries over efficient productions, existence of continuous selections holds only under additional conditions of well-behavedness.

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