Bill Factor Interval Values
A bill factor may also contain interval values.
Interval values are typically used to record interval prices (such as, prices that are applicable to short time intervals of say 15 minutes). Just as with simple bill factors, they may have characteristics defined. In the above example, the characteristic is the "Market" where the prices are defined. This bill factor probably indicates that the Service Agreement has a characteristic indicating the market from which it gets its prices. This enables you to use a common rate for customers who get their prices from different markets.
The application of these interval values requires the use of an algorithm. Depending on your business needs, there are many ways that this can be implemented.
• If your business uses the interval billing subsystem, then functionality is available for applying these interval values to interval quantities. Refer to The Big Picture of Interval Billing for more information.
• If your business does not use the interval billing subsystem, then there is still functionality available in rates for using interval values. See Interval Values Can Be Used For More Than Just Interval Prices for one example. Refer to Pricing Interval Consumption Using Interval Prices for another example.