Definition of Figure of Merit: Explained

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A figure of merit is a quantitative measure used to evaluate the performance or quality of a system, device, or process. It often serves as a comparative metric to assess different options or alternatives in various fields, including engineering and science. While the term can encompass various definitions depending on the context, it is not inherently mathematical. Examples of figures of merit can include efficiency ratios, signal-to-noise ratios, or cost-effectiveness indices. Understanding the specific application is crucial for accurately interpreting a figure of merit.
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Can anyone help me by explaining exactly what a figure of merit is in words?
 
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Can anyone help me define figure of merit in words?
 
I found many types of "figure of merit" on Google but none of them seem to have anything to do with mathematics. Can you give an example?
 
Can you type "figure of merit" into a search engine?
 
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