Benchmark Return Definition and Quiz Every active manager should be held accountable for performance and the selection of an appropriate benchmark is a good place to start. LBM/VLES simulations were performed by triggering the boundary layer transition on the suction side, without an exact knowledge of the real flow regime in the untripped physical tests. Benchmarking, a broader process of using actual hardware to calculate computing speed, can apply to figuring out CPU clock rates, processor performance, or operating system and software application agility. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition Were you ready for a quiz on this topic? a mark on a stone post or other permanent feature, at a point whose exact elevation and position is known: used as a reference point in surveyingAbbreviation: BM. When comparing benchmarks, the higher the value of the results, the faster the component, software, or … In benchmark tests Primer has published, its system has outperformed similar software created by Google and Facebook. From the Cambridge English Corpus COMPARATIVE ASPECTS ON SOME BENCHMARKING MODELS APPLIED IN THE TOURISM FIELD AT INTERNATIONAL LEVEL, One Uber relationship that didn't last the ride, Alfalah GHP Alpha fund earns return of 29.6pc in benchmark KSE-100 in 3QY2017. “Affect” vs. “Effect”: Use The Correct Word Every Time. See how well you can differentiate between the uses of "was" vs. "were" in this quiz. noun. What Is An Em Dash And How Do You Use It? OnePlus 5 Release Date Tainted By Benchmark Cheating? Learn more . Benchmark Index Definition. Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012. a standard of excellence, achievement, etc., against which similar things must be measured or judged: The new hotel is a benchmark in opulence and comfort. Benchmarking is a term used to describe a rule or guideline by which others can be measured or judged. The European Parliament … It's used as a point of reference from which an … A benchmark is a standard or measure that can be used to analyze the allocation, risk, and return of a given portfolio. Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Telecommunication Dictionaries. Why Do “Left” And “Right” Mean Liberal And Conservative? “Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense. A benchmark or base number is used to compare actual results and judge the improvement of the company. They set a standard which has remained the benchmark of Virginia political ethics. The truck industry is a benchmark for the economy. Let's assume you compare the returns of your stock portfolio, which is a broadly diversified collection of small-cap stocks and is managed by Company XYZ, with the Russell 2000 index, which you feel is an accurate universe of feasible alternative investments. Such benchmarking is also necessary to gain better understanding and greater insight into the advantages and disadvantages of the algorithm under test. It is a practice in which quality level is used as a point of reference to evaluate things by making a comparison. Benchmarks for Science Literacy is not a curriculum, a curriculum framework, or a plan for a curriculum. If Company XYZ's portfolio returns 5.5% in a year but the Russell 2000 (the benchmark) returns 5.0%, then we would say that your portfolio beat its benchmark. It also serves to remind departments of the elimination of Benchmark 22 from the CR Classification Standard. © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins 1.1. (as modifier) a benchmark test. Its share performance has easily eclipsed the benchmark S&P 500, which has roughly tripled in value during the past nine years. a process where you measure your company’s success against other similar companies to discover if there is a gap in performance that can be closed by improving your performance. You can also think of a benchmark report as a … Benchmarking is a process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in the industry, aka “best in class.” The point of benchmarking is to identify internal opportunities for improvement. In just 5 minutes. A preliminary step towards the definition of a benchmark problem for small UAV propeller aeroacoustics was accomplished through comparisons between measurements and low-/high-fidelity predictions. A means by which individuals are compared and judged: "...It is proposed that all new floating rate (for) personal or retail loans (housing, auto, etc) and floating rate loans to Micro and Small Enterprises extended by banks from April 1, 2019 shall be, At present the benchmarking report is now at the 13th edition and includes "the latest figures on the performance of leading European cities in 2016 and illustrates the main trends in city tourism between 2012 and 2016, enabling individual city destinations to, The cheating mechanism causes the OnePlus 5 to report, ISLAMABAD -- The Securities and Exchange Commission of Pakistan has directed all asset management companies to use standardized, "Inflation ... is a great distorter of seemingly fixed economic ideas and benchmarks", the firm benchmarked its pay against that in industry. Some organizations benchmark as a means to improve discrete areas of their business and monitor competitors' shifting strategies and approaches. Benchmarks Benchmarks have been developed to provide clarity on the national standards expected within each curriculum area at each level. bench mark. They set out clear lines of progression in literacy and English and numeracy and mathematics, and across all other curriculum areas from Early to Fourth Levels (First to Fourth Levels in Modern Languages). noun. performed by design staff to determine the capabilities of products or services, especially in comparison to the products or services of leading competitors. any standard or reference by which others can be measured or judged: The current price for crude oil may become the benchmark. A test designed to evaluate or compare the performance of computer hardware or software. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Regardless of the motivation, cultivating an external view of your industry and competitors is a valuable part of effective management practices in a world that is constantly changing. The age at which children can be tried in adult court varies from state to state, but most set the minimum benchmark at age 14. a criterion by which to measure something; standard; reference point. A benchmark Index is a group of securities used in measuring the performance of other stocks or securities in the market. Benchmarking is generally used in business for setting budgetary and financial performance goals. A Benchmark in Performance Testing is a metric or a point of reference against which software products or services can be compared to assess the quality measures. This is used to measure the performance of a company and compare it to others over time. We have a couple of ways to track overall brand performance, you can use these to help benchmark efforts over time. to measure the quality of something by comparing it with something else of an accepted standard: Being able to benchmark performance is very important for new companies. He was a benchmark, a mentor as an artist and as a man, and I just loved him with all my heart. To measure the parameters describing the states reached by the compressed material and thus to provide benchmarks for simulation codes, different optical diagnostics were employed. Definition: Benchmarking, is a tool of strategic management, that allows the organization to set goals and measure productivity, on the basis of the best industry practices. The district also released a set of benchmarks that must be met before it will physically reopen. 8 Considerations for benchmarking: a keen understanding of the information behind a benchmark is key to making sure you're using the right data to guide your next project, SECP prescribes standardized benchmarks for collective investment schemes, Benchmark for Object Relational Databases. The National Science Education Standards, Benchmarks for Science Literacy from AAAS's Project 2061, numerous national education policy documents, and Tennessee's published science education framework all recognize evolution's role as a unifying concept for science disciplines that provides students, including future scientists, with the foundation to help them understand the natural world. For any new algorithm, an important part of tests and validation is to use benchmark functions to test how the new algorithm may perform in comparison with other algorithms. The most commonly used benchmarks are 2. any standard or reference by which others can be measured or judged. Marketing Benchmarks: Do You Trust Your Friendly Marketer? Hong Kong’s benchmark index even rose 3% as investors piled back in. ‘Our hard drives and optical drives are different between our new and old tests, but those won't affect 3D graphics performance benchmarks.’. Preferably, these comparisons are made with businesses from the same sector, but it is possible to use benchmarking between businesses from other sectors as well. ‘we thought we'd run some benchmarks on the smartphone’. The Dictionary.com Word Of The Year For 2020 Is …, The Most Surprisingly Serendipitous Words Of The Day, 600 New Words And Definitions: The Latest Updates To Dictionary.com, Fast Break To These Facts About WNBA Team Names. A benchmark is a test that measures the performance of hardware, software, or computer.These tests help compare how well a product may do against other products. And that is a good benchmark for us: Federal spending should not rise any faster than the paychecks of American families. Define - Define Benchmark Return for portfolio performance measurement. The term benchmark is also commonly utilized for the purposes of elaborately designed benchmarking programs themselves. The new hotel is a benchmark in opulence and comfort. Benchmark definition: A benchmark is something whose quality or quantity is known and which can therefore be... | Meaning, pronunciation, translations and examples A benchmark computer is a computer used to provide a specific calculation of how fast a certain computing task can be accomplished with specific hardware. 2A surveyor's mark cut in a wall, pillar, or building and used as a reference point in measuring altitudes. When comparing benchmark results, it is important to know exactly what the benchmarks are designed to test. In computing, a benchmark is the act of running a computer program, a set of programs, or other operations, in order to assess the relative performance of an object, normally by running a number of standard tests and trials against it. We can benchmark a software product or service to assess its quality. Taxes are an obvious benchmark, since right now, employed teenagers are literally subjected to taxation without representation. Benchmark Incu-Shaker™ Mini. https://www.thefreedictionary.com/benchmark. Benchmarking is the practice of a business comparing key metrics of their operations to other similar companies. Well, here it is! benchmark - a surveyor's mark on a permanent object of predetermined position and elevation used as a reference point. More example sentences. More example sentences. A standard type of program against which similar programs can be compared. From the Cambridge English Corpus To provide two important benchmarks, for each window we estimate two linear models. In other words, Benchmark means a set standard that helps to determine the quality of software product or service. [From the use of the surveyor's mark as a place to insert an angle iron that serves as a. a standard or reference by which others can be measured or judged. Using the three states with the lowest mortality rate as the benchmark, they determined where the system breakdown begins. Benchmark Definition from Computer & Internet Dictionaries & Glossaries. Dictionary.com Unabridged point of reference, reference point, reference - an indicator that orients you generally; "it is used as a reference for comparing the heating and the electrical energy involved". In surveying, a "bench mark" (two words) is a post or other permanent mark established at a known elevation that is used as the basis for measuring the elevation of other topographical points. Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Worldwide Facilities Acquires Benchmark Management Group in Chicago Area, Credit Benchmark Announces Craig Broderick Head of New Advisory Board. 1. a standard of excellence, achievement, etc., against which similar things must be measured or judged. Benchmarking is the measurement of an organization’s internal processes and performance data and a comparison with those of related and comparable organizations. Find 7 ways to say BENCHMARK, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus. a mark on a stone post or other permanent feature, at a point whose exact elevation and position is known: used as a reference point in surveying, a criterion by which to measure something; standard; reference point, the firm benchmarked its pay against that in industry, Cyberattacks disrupt trading on New Zealand stock exchange twice in 24 hours, Apple CEO Tim Cook is fulfilling another Steve Jobs vision, Morning Report: How the City Came to Lease a Lemon, Paying Taxes and Going to Jail Like Adults; Teens Deserve the Right to Vote, Too, Andrew Garfield on the Evils of Capitalism, the Hacking Scandal, and Criticism of ‘Spider-Man 2’, How I Finally Got to the Bottom of My Insomnia, One of These 5 Things Will Probably Kill You, Complete State of the Union Addresses from 1790 to 2006, The Road to Independence: Virginia 1763-1783. benchmark: A benchmark is a point of reference by which something can be measured. Benchmarking Definition. This bulletin clarifies the definition of “Senior Employees” as it pertains to the “Contacts” factor in the Clerical and Regulatory (CR) Classification Standard. It provides educators with sequences of specific learning goals that they can use to design a core curriculum—one that makes sense to them and will help students achieve the basic science literacy goals outlined in Science for All Americans. The current price … To measure (a rival's product) according to specified standards in order to compare it with and improve one's own product. The Dow Jones Industrial Average, the S&P 500, or the Russell 2000 are examples of benchmark indexes. an established point of reference against which computers or programs can be measured in tests comparing their performance, reliability, etc. Definition: Benchmarking is the practice of comparing actual performance results with a standardize performance goal or number–a benchmark. RF Electronics. Here's a key to understand the graph of accuracy: ● Lab: The polysomnograph, the benchmark for the other three. Competitive benchmarking is the process of comparing your company against a number of competitors using a set collection of metrics. Benchmark Definition from Science & Technology Dictionaries & Glossaries. Reduce 99.9% of Contamination. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. of, relating to, or resulting in a benchmark: to test (something) in order to develop a standard: to measure (something) against a standard: executive salaries benchmarked against the industry. 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