Pricing Administration Guide > Creating Pricing Models and Pricing Factors >

About Pricing Models and Pricing Factors

You can design your own price adjustments using pricing models and pricing factors:

• Pricing model. A collection of pricing factors, used to work with the pricing factors as a group.
• Pricing factor. A rule to create a specific price adjustment. Each factor is an if ... then ... statement, with a logical condition and a price adjustment that is applied if the condition is true.

Siebel ePricer allows you to create several types of pricing factors. One pricing model may include pricing factors of different types.

This chapter discusses:

• Types of pricing factors. A summary of the different types of pricing factors, so you can decide which you need.
• Single type pricing factor. A discussion of how to design the single type pricing factor, which is the simplest type of pricing factor.
• Process of creating and applying a pricing model and pricing factor. Describes how to create and apply a pricing model that includes a single type pricing factor. A similar process is used with the other types of pricing factors described in other chapters.

NOTE:  If you use pricing models with other types of price adjustments, the final price depends on the order in which Siebel ePricer applies the pricing adjustments. For more information, see The Processing Order of Price Adjustments.