We suggest a decision support approach, Balanced Benchmarking that combines Balanced Scorecard (BSC) and Interactive Benchmarking. A successful BSC implementation requires a theoretical and operational sound foundation for the key measures. This foundation may be constructed using Interactive...

This paper analysis the competitiveness of Danish dairy farmers relative to dairy farmers in other Northern European countries. We use individual farm accounts data from the European Commission’s Farm Accountancy Data Network (FADN) and have an average of 1665 observations per year in the...

The first Danish exchange for sugar beet contracts was established in January 2008. It was also the world’s first major application of a particular new technology, secure multiparty computation (SMC), which ensures the security and cost-effectiveness of such exchanges. The technology can also...

We discuss the design of interactive, internet based benchmarking using parametric (statistical) as well as non-parametric (DEA) models. The user receives benchmarks and improvement potentials. The user is also given the possibility to search different efficiency frontiers and hereby to explore...

This paper discuss the design of multidimensional yardstick based procurement auction. The suggested design combines Data Envelopment Analysis (DEA) based yardstick schemes with the multidimensional score auction. The principal select a single winner to perform a project, characterized by a...

In this paper, we discuss the pros and cons of using Data Envelopment Analysis (DEA) to evaluate and enhance the efficiency of natural resource management. The need for a multidimensional production frontier approach is sketched, along with examples from other regulated multi-output industries,...

The reform of the EU sugar regime involves significant price reductions for sugar and sugar beet. We examine whether the Danish sugar industry can maintain production and profit levels by reallocating production from less to more efficient farmers. The impact of alternative reallocation...

On the Danish milk quota exchange each producer can submit a single bid (a quantity and a price limit) only. We demonstrate that this restriction has several distorting effects. First, traders minimise the risk of foregoing profitable trade by submitting their average valuation rather than their...

This paper analyzes the design of the Danish milk quota exchange. We focus on the restriction that each producer can only submit a single bid (a quantity and a price limit). We argue that this restriction creates inefficiencies for two reasons. First, a single bid cannot express a buyer's...