performance index

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performance index

[pər′fȯr·məns ‚in‚deks]
(industrial engineering)
The ratio of standard hours to the hours of work actually used; a ratio exceeding 1.00 (or 100) indicates standard output is being exceeded.
References in periodicals archive ?
consumer credit quality exhibited continuing improvement in July, according to the latest Fitch Credit Card Performance Indexes compiled by the international rating agency.
consumer credit quality exhibited renewed improvement last month, according to the latest Fitch Credit Card Performance Indexes compiled by the international rating agency.
The Fitch Credit Card Performance Indexes for June show a combination of fewer cardholders defaulting and falling seriously past due than for any one month in four years," said Michael Dean, Senior Director in Fitch's Asset-Backed Group.

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