consumer's risk

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consumer's risk

[kən′süm·ərz ′risk]
(industrial engineering)
The probability that a lot whose quality equals the poorest quality that a consumer is willing to tolerate in an individual lot will be accepted by a sampling plan.
References in periodicals archive ?
Insurance agents and brokers have several growth opportunities, based on the results of the Consumer Risk Index, says Michael Klein, president of Personal Insurance at Travelers.
According to the latest Travelers Consumer Risk Index, 63% of American believe that the world is becoming riskier.
To help lenders predict future consumer risk under a variety of economic scenarios, FICO, a leading predictive analytics and decision management software company, today announced the release of FICO Score Economic Calibration Service 2.
Consumer risk touches every element of mortgage servicing, necessitating an organization's risk-mitigation approach that is systemic, responsive and consistent.
Global Banking News-January 11, 2012--Capital Bank names consumer risk executive(C)2012 ENPublishing - http://www.
Tom Oscherwitz, chief privacy for consumer risk management specialist ID Analytics in San Diego, advises credit unions to "take rules seriously.
PRY, CRCM, is a vice president and compliance manager in consumer risk management for KeyBank, Cleveland.
Jamal Alvi, the head of consumer risk management at Abu Dhabi Islamic Bank, which has a majority Emirati customer base, said "It's a safer segment as most Emiratis are employed by the government and have good job security and regular salary increases.
a leading global specialised credit reporting agency and provider of consumer risk management, identity verification, and banking verification services for alternative financial services providers serving the under-banked consumer market, today announced that MEM has contracted to use LendProtect UK Ltd's specialised credit reporting solution.
Enhanced communication will ensure that recalled products are removed from the marketplace as quickly as possible, as well as reduce or eliminate consumer risk.
Their topics include social influences and the diffusion of innovations in education, Internet marketing and the Portuguese marketplace, and consumer risk perception in online shopping.
These may include new or more stringent standards and rapidly changing food safety regulations; the difficulty of separating the roles of food safety and non-science issues in regulatory decision making; strong differences in consumer risk perceptions and preferences; newly identified or unfamiliar hazards; and increased trade volumes from new or less proven resources.
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