Expected Warehousing Cost

View in library docs
eWareC(g)\mathit{e}\mathit{WareC}(g)
Dimension:
Cost
Granularity:
Group of cases

Description

Expected warehousing cost associated with all activity instances of a case belonging to a group of cases.

Potential use

Process where the cost of warehousing is relevant.

Assumptions

Minimizing warehousing cost is desirable.

Desired Value:

MINIMIZE

Required attributes

case
warec

Equations

Formula for practitioners

WareC(g)C(g)\frac{\mathit{WareC}(g)}{\mathit{C}(g)}

WareC(g)\mathit{WareC}(g) returns the total warehousing cost for group gg.
C(g)\mathit{C}(g) returns the number of cases in group gg.

Formal Definition

WareC(g)C(g)\frac{\mathit{WareC}(g)}{\mathit{C}(g)}

Tags

case
warec

Python implementation

This indicator is implemented in the process_performance_indicators Python library.

process_performance_indicators.indicators.cost.groups.expected_warehousing_cost