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: | Keiding Hans, Hougaard Jens Leth |
Keywords: | probability |
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.