product performance

Product performanceclick for a larger image
Fig. 160 Product performance. An improvement in product quality from OQ1 to OQ2 can allow the firm producing the product to charge a higher price to reflect this improvement, increasing price from OP1 to OP2. If price is raised by only P1 P2, which is less than proportionate to the increase in product quality Q1Q2 (as in the figure), then the consumer receives a net benefit from product improvement.

product performance

an aspect of MARKET PERFORMANCE that denotes the quality and performance of existing products and firms’ records with respect to the development of new products. The introduction of new products and the qualitative improvement of existing products may enhance consumer welfare by providing consumers with ‘better-value-for-money’ in terms of price/quality trade-offs. See Fig. 160 . See also PRODUCT DIFFERENTIATION, TECHNOLOGICAL PROGRESSIVENESS, INVENTION, INNOVATION, RESEARCH AND DEVELOPMENT, PRODUCT LIFE CYCLE.
References in periodicals archive ?
There are no published books on predicting product performance, he says, only books on predicting reliability, as though reliability were a separate component that did not interact with other performance components.
New research on Octacare F100 by Octel Performance Chemical, has revealed how it can provide significant product advantages for shaving gel and foam formulations by offering triple benefits to give a better shave and increase overall product performance.
The main challenges for the technical area are said to be the bonding of dissimilar materials, developing environmentally acceptable adhesives and increasing product performance.
Modern engineering design, manufacturing engineering, and quality assurance embrace variability reduction as a primary means of improving product performance and reducing product defects.
Aimed at process and mill engineers, the Product Performance track is another area focused on real-world results, said Nancy Ross Sutherland, supervisory general engineer for the USDA Forest Service in Madison, Wisconsin.
Next-Generation Architecture Improves Product Performance andProvides Support for Microsoft Volume Shadow Copy Service
In addition, Applanix can now extend its technologies and products into new markets while providing future benefits to our customers through enhanced product performance capabilities.
USPL believes the improved formulation will result in higher revenues and improved product performance in 2003 and beyond.
Assuming QSA results are acceptable, the customer then will check on supplied product performance.
DENVER -- The Sorin Group today announced the release of its 2007 CRM Product Performance Report, which is the only Performance Report in the industry to provide performance data on CRM devices implanted worldwide.
This line of polymer-specific process additives includes products for polyolefin, styrenic and PVC-wood composites, and is said to be designed to significantly increase output rates, improve color dispersion, reduce edge tearing and improve overall product performance.

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