Question

What is meant by performance index? Explain its importance?

Answer 1

Performance index is a calculation of how well work is meeting its defined goal. For work with response time goals, the performance index is the actual divided by goal.the importance of performance index is:

Logistics and transport are becoming increasingly important in international trade relations. Logistic  Performance Index (LPI) analyses the differences between countries, providing a general picture of  customs procedures, logistics costs and the quality of the infrastructure necessary for overland and  maritime transport.