Interval Pricing Rate Application
Interval Pricing is the term used to describe applying interval prices to interval quantities to arrive at a bill calculation line item.
What data is needed in order to apply a rate component for an interval pricing scenario and how is this data defined?
• You need prices that vary at a given interval. Interval prices are stored for a
Bill Factor/characteristic.
Refer to Bill Factor Interval Values for more information. • You need an algorithm in order to know how to apply the prices correctly. The rate component will reference a Calculation Algorithm, which will be executed to apply the prices to the quantities.
Refer to
Designing Your Interval Rate Components for help in designing rate components of this type.
Refer to Setting Up Interval Pricing Rate Components for more information.Parent topic