Figure of merit

A figure of merit (FOM) is a performance metric that characterizes the performance of a device, system, or method, relative to its alternatives. ^{[1] [2]}

Examples

• Absolute alcohol content per currency unit in an alcoholic beverage
• Accuracy of a rifle ^[3]
• Audio amplifier figures of merit such as gain or efficiency
• Battery life of a laptop computer ^[4]
• Calories per serving
• Clock rate of a CPU is often given as a figure of merit, but is of limited use in comparing between different architectures. FLOPS may be a better figure, though these too are not completely representative of the performance of a CPU.
• Contrast ratio of an LCD
• Frequency response of a speaker
• Fill factor of a solar cell
• Resolution of the image sensor in a digital camera
• Measure of the detection performance of a sonar system, defined as the propagation loss for which a 50% detection probability is achieved
• Noise figure of a radio receiver
• The thermoelectric figure of merit, zT, a material constant proportional to the efficiency of a thermoelectric couple made with the material
• The figure of merit of digital-to-analog converter, calculated as (power dissipation)/(2^ENOB × effective bandwidth) [J/Hz]
• Luminous efficacy of lighting
• Profit of a company
• Residual noise remaining after compensation in an aeromagnetic survey
• Heat absorption and transfer quality for a solar cooker
• Performance of transparent conducting thin-film materials, such as FTO, calculated as (transparency)¹⁰/(surface resistivity)

Computational benchmarks are synthetic figures of merit that summarize the speed of algorithms or computers in performing various typical tasks.

References

1. Olivieri, Alejandro C.; Escandar, Graciela M. (2014), "Analytical Figures of Merit" , Practical Three-Way Calibration, Elsevier, pp. 93–107, doi:10.1016/b978-0-12-410408-2.00006-5, ISBN   978-0-12-410408-2 , retrieved 2022-03-24
2. Allegrini, Franco; Olivieri, Alejandro C. (2020), "Figures of Merit" , Comprehensive Chemometrics, Elsevier, pp. 441–463, doi:10.1016/b978-0-12-409547-2.14612-8, ISBN   978-0-444-64166-3, S2CID   193125279 , retrieved 2022-03-24
3. Minshall, David. "Measuring Accuracy". Research Press. Retrieved 2023-02-12.
4. Decoding Battery Life For Laptops New York Times, June 25, 2009