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Benchmark Crude Oils
Benchmark may refer to: Business and economics * Benchmarking, evaluating performance within organizations * Benchmark price * Benchmark (crude oil), oil-specific practices Science and technology * Benchmark (surveying), a point of known elevation marked for the purpose of surveying * Benchmarking (geolocating), an activity involving finding benchmarks * Benchmark (computing), the result of running a computer program to assess performance * Benchmark, a best-performing, or gold standard test in medicine and statistics Companies * Benchmark Electronics, an electronics manufacturer * Benchmark (venture capital firm), a venture capital firm * Benchmark Recordings, a music label with CDs by the Fabulous Thunderbirds and Mike Bloomfield Other uses * ''Benchmarking'' (journal), a bimonthly peer-reviewed academic journal relating to the field of quality management * McAfee's Benchmark, a brand of bourbon * ''Benchmark'' (game show), on UK Channel 4 See also * Specification (technical ...
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Benchmarking
Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost. Benchmarking is used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others. Also referred to as "best practice benchmarking" or "process benchmarking", this process is used in management in which organizations evaluate various aspects of their processes in relation to best-practice companies' processes, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often ...
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Benchmark Price
Benchmark price (BP) is the price per unit of quantity in a specific segment of the international marketplace, set by the country or producers' organization that consistently exports the largest quantity or volume in a marketplace such as the London Metal Exchange. This price is set periodically, usually monthly and serves as a guideline for international trade. The term "benchmark" can be applied to many aspects of public concern, such as quality, services, attitudes and others, denoting the highest standards achieved in such spheres. For example, a school or university could be cited as setting the benchmark for education. A hotel could be cited as setting the benchmark for quality of service. The phrase "international benchmark price", however, is synonymous with prices of commodities in international trade. An example is the benchmark prices that apply to crude oil in the international marketplace. It is not mandatory for exporting countries or importing countries to use the b ...
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Benchmark (crude Oil)
A benchmark crude or marker crude is a crude oil that serves as a reference price for buyers and sellers of crude oil. There are three primary benchmarks, West Texas Intermediate (WTI), Brent Blend, and Dubai Crude. Other well-known blends include the OPEC Reference Basket used by OPEC, Tapis Crude which is traded in Singapore, Bonny Light used in Nigeria, Urals oil used in Russia and Mexico's Isthmus. Energy Intelligence Group publishes a handbook which identified 195 major crude streams or blends in its 2011 edition. Benchmarks are used because there are many different varieties and grades of crude oil. Using benchmarks makes referencing types of oil easier for sellers and buyers. There is always a spread between WTI, Brent and other blends due to the relative volatility (high API gravity is more valuable), sweetness/sourness (low sulfur is more valuable) and transportation cost. This is the price that controls world oil market price. West Texas Intermediate (WTI) West Te ...
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Benchmark (surveying)
The term benchmark, bench mark, or survey benchmark originates from the chiseled horizontal marks that surveyors made in stone structures, into which an angle-iron could be placed to form a "bench" for a leveling rod, thus ensuring that a leveling rod could be accurately repositioned in the same place in the future. These marks were usually indicated with a chiseled arrow below the horizontal line. The term is generally applied to any item used to mark a point as an elevation reference. Frequently, bronze or aluminum disks are set in stone or concrete, or on rods driven deeply into the earth to provide a stable elevation point. If an elevation is marked on a map, but there is no physical mark on the ground, it is a spot height. Purpose The height of a benchmark is calculated relative to the heights of nearby benchmarks in a network extending from a ''fundamental benchmark''. A fundamental benchmark is a point with a precisely known relationship to the vertical datum of t ...
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Benchmarking (geolocating)
Benchmarking, also known as benchmark hunting, is a hobby activity in which participants find benchmarks (also known as survey markers or geodetic control points). The term "bench mark" is used only to refer to survey markers that designate a certain elevation, but hobbyists often use the term benchmarks to include triangulation stations or other reference marks. They typically then log their finds online. Like geocaching, the activity has become popular since 1995, propelled by the availability of on-line data on the location of survey marks (with directions for finding them) and by the rise of hobbyist-oriented websites. History Many survey markers in the U.S. were set over 100 years ago. There was a surge in creating these marks in the U.S. from about 1930 to 1955, in conjunction with the expansion of map-making activities across the country. Sources of data on U.S. marks In the U.S., about 740,000 benchmarks with the most precise elevations or coordinates (but only a smal ...
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Benchmark (computing)
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 Computer performance, performance of an object, normally by running a number of standard Software performance testing, tests and trials against it. The term ''benchmark'' is also commonly utilized for the purposes of elaborately designed benchmarking programs themselves. Benchmarking is usually associated with assessing performance characteristics of computer hardware, for example, the floating point operation performance of a Central processing unit, CPU, but there are circumstances when the technique is also applicable to software. Software benchmarks are, for example, run against compilers or database management systems (DBMS). Benchmarks provide a method of comparing the performance of various subsystems across different chip/system Computer architecture, architectures. Purpose As computer architecture advanced, it became more diffi ...
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Gold Standard (test)
In medicine and statistics, a gold standard test is usually the diagnostic test or benchmark that is the best available under reasonable conditions. In other words, a gold standard is the most accurate test possible without restrictions. Both meanings are different because for example, in medicine, dealing with conditions that would require an autopsy to have a perfect diagnosis, the gold standard test would be the best one that keeps the patient alive instead of the autopsy. In medicine "Gold standard" can refer to the criteria by which scientific evidence is evaluated. For example, in resuscitation research, the "gold standard" test of a medication or procedure is whether or not it leads to an increase in the number of neurologically intact survivors that walk out of the hospital.''ACLS: Principles and Practice''. p. 62. Dallas: American Heart Association, 2003. . Other types of medical research might regard a significant decrease in 30-day mortality as the gold standard. The ...
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Benchmark Electronics
Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area.Worldwide Locations > The Americas > New Hampshire Benchmark Electronics Official Site Singapore; Suzhou, China.;Worldwide Locations
Benchmark Electronics Official Site
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Benchmark (venture Capital Firm)
Benchmark is a venture capital firm based in San Francisco that provides seed money to startups. History The firm's most successful investment was a 1997 investment of $6.7 million in eBay for 22.1% of the company. In 2011, it invested $12 million for an 11% stake in Uber, worth $7 billion in 2019. The firm's most infamous investment was in WeWork, the troubled office rental social networking company. On April 1, 2012, Benchmark became WeWork's first major investor when it led WeWork’s $17 million Series-A seed funding. Companies funded by the firm include Dropbox, Twitter, Uber, Snapchat, Instagram, Discord,Takahashi"Fates Forever mobile game maker Hammer & Chisel raises funding from Benchmark and Tencent" ''Venture Beat'', February 10, 2015. Domo, New Relic, Nextdoor, Stitch Fix, WeWork, Yelp, Zendesk, Zillow and Zipcar. Partner structure Benchmark is noted for creating the first equal ownership and compensation structure for its partners. The "maverick" firm differs fro ...
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Benchmark Recordings
Benchmark Recordings is a record label that was founded in 2000 by music industry veterans Bill Coben and Denny Bruce. The initial catalog included the first four albums by The Fabulous Thunderbirds, which were originally released in the late 1970s and early 1980s on the Takoma Records label and distributed by Chrysalis Records. The early albums featured Kim Wilson on vocals and harmonica and Jimmie Vaughan on guitar. A compilation of live recordings and new material titled ''Tacos Deluxe'' was released in 2004. In 2008 Jon Monday, who had worked with Denny and Bill at Takoma Records in the 1970s and 1980s, joined the company as its President. A CD titled '' I'm With You Always'' by Mike Bloomfield Michael Bernard Bloomfield (July 28, 1943 – February 15, 1981) was an American guitarist and composer, born in Chicago, Illinois, who became one of the first popular music superstars of the 1960s to earn his reputation almost entirely on his ..., a live recording from 1977 ( ...
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Benchmarking (journal)
''Benchmarking: An International Journal'' is a bimonthly peer-reviewed academic journal that publishes covers the field of quality management. The editor-in-chief is Angappa Gunasekaran ( Dean and Professor, School of Business and Public Administration (BPA), California State University, Bakersfield). The journal was established in 1994 as ''Benchmarking for Quality Management & Technology'' and obtained its current name in 1999. It is currently published by Emerald Group Publishing. The journal is abstracted and indexed in Inspec, ProQuest databases, Web of Science, and Scopus Scopus is Elsevier's abstract and citation database launched in 2004. Scopus covers nearly 36,377 titles (22,794 active titles and 13,583 inactive titles) from approximately 11,678 publishers, of which 34,346 are peer-reviewed journals in top-l .... Its CiteScore in 2018 is 2.80, and H index calculated by SCImago Journal Rank is 54, ranking in the Q1 (first quartile). References External li ...
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McAfee's Benchmark
McAfee's Benchmark is a brand of Kentucky Straight Bourbon Whiskey produced by the Sazerac Company at its Buffalo Trace Distillery in Frankfort, Kentucky. The full name of the brand that appears on the bottle is "McAfee's Benchmark Old No. 8 Brand" (with "Benchmark" rendered in much larger letters than the rest). The primary brand expression is an 80 U.S. proof (40% alcohol by volume) bourbon aged "at least 36 months" according to its label. Three whiskey-based liqueurs of 70 U.S. proof (35% alcohol by volume) also carry the brand name – one with apple flavoring, one with peach flavoring and the third with brown sugar flavoring. History The Benchmark brand was created by Seagram's in the late 1960s to be a luxury or premium-level bourbon. At that time, the whiskey was not called McAfee's, but simply Benchmark Bourbon; and the name McAfee came much later. Originally Benchmark was sold in a decanter-style bottle with a black label. Jim Murray reviews two McAfee's Benchmark exp ...
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