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 consumption values for each corresponding interval. The consumption values are stored for an Interval Profile linked to a service agreement. Refer to Billable Interval Quantities for a Service Agreement for more information. In order to find the correct interval profile for the service agreement, the rate component will reference a Profile Relationship Type. Refer to Physical Attributes of Interval Data vs. Its Role and Interval Data Serves a Role for a Service Agreement 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.