What is meant by the term Total Daily Relative Value?

Total Daily Relative Value (TDRV) refers to a metric used to assess the overall value of a specific product or service in relation to its total daily consumption or impact. It combines various factors such as performance, efficiency, and cost-effectiveness to provide a comprehensive view of how well a product meets consumer needs on a daily basis. TDRV helps businesses and consumers make informed decisions by offering a standardized measure of value over time.