Defining a Tiering Criteria for a Price Component

Note: This topic is not applicable for the health insurance business.

Prerequisites

To define a tiering criteria for a price component, you should have:

  • Tiering criterion defined in the application

  • Tiering setup for the rate components defined in the application.

Procedure

To define a tiering criteria for a price component:

  1. Ensure that the Price Assignment Tree zone is expanded in the Price Item Pricing screen.
  2. Click the Add (The Add Icon) icon corresponding to the rate component whose price component you want to define.
    The Price Component zone appears.
  3. Click the Show Price Component Tier button.
    Note:

    The Show Price Component Tier button appears only when Tiering Type of the rate component is STEP or Threshold.

    The Tiering Criteria section appears. It contains the following fields in a grid:
    Field Name Field Description Mandatory (Yes or No)
    Display Sequence Used to specify the sequence in which the tiering criteria of the price component should be considered for the price item pricing. Yes (Conditional)
    Note: This field is required while defining the tiering criteria of a price component.
    Tiering Criterion Used to indicate the tiering criterion which is used in the tiering range. Yes (Conditional)
    Note: This field is required while defining the tiering criteria of a price component.
    Lower Limit Used to specify the lower limit of the pricing range.
    Note: The system provides you with the facility to specify the lower limit value with a precision of up to 18 places before decimal and 18 places after decimal. This gives you the flexibility to specify very large and very low values in the tiering range.
    		 Yes (Conditional)
    Note: This field is required while defining the tiering criteria of a price component.
    Upper Limit Used to specify the upper limit of the pricing range.
    Note:

    The system provides you with the facility to specify the upper limit value with a precision of up to 18 places before decimal and 18 places after decimal. This gives you the flexibility to specify very large and very low values in the tiering range.

    When you define single tier with the maximum value as blank (for example, 0 to BLANK), the system will automatically replace the blank space with 999999999999999999.99.

    		 Yes (Conditional)
    Note: This field is required while defining the tiering criteria of a price component.
    Price Item Used to indicate whether the price item or price item bundle's total usage is considered for determining the rate. By default, the price item code for which you are defining the pricing appears in this field. You can specify any other price item or bundle code, if required.
    Note: The Search (The Search Icon) icon appears corresponding to the Price Item field. On clicking the Search icon, the Price Item Search screen appears where you can search for the required price item.
    		 Yes (Conditional)
    Note: This field is required while defining the tiering criteria of a price component.
    Price Item Parameters Used to specify the parameters based on which the price item or price item bundle's total usage should be considered for determining the rate. By default, the parameters based on which you are defining the pricing appear in this field. You can specify any other parameter (where the Pricing flag is set to Yes, if required. However, you can only select parameter associated with the price item or price item bundle which is used for defining the tiering criteria.
    Note:

    This field appears when the Multi Price Parameter option type of the Multi Parameter Based Pricing (C1_​PPARM_​FLG) feature configuration is set to True.

    The Edit (The Edit Icon) appears corresponding to this field. On clicking the Edit icon, the Tier Parameters section appears where you can screen appears where you can specify the required parameters.

    		 No
  4. Enter the required details in the Tiering Criteria section.
  5. If you want to define more than one tiering criteria for the price component, click the Add (The Add Icon) icon and then repeat step 2.
    Note: However, if you want to remove a tiering criteria from the price component, click the Delete (The Delete Icon) icon corresponding to the tiering criterion.
  6. Click Save.
    The tiering criteria is defined for the price component.
    Note: You can define a tiering criteria for a price component only when the price item pricing is in the Draft, Proposed, or Template status.

Related Topics

For more information on... See...
Price Assignment Tree zone Price Assignment Tree
Price Item Pricing screen Price Item Pricing (Used for Viewing)
How to edit a tiering criteria of a price component Editing a Tiering Criteria of a Price Component