Description
Ratio between the labor cost associated with an activity instance and the total cost associated with an activity instance.
Potential use
Event log in which both labor and total cost information are recorded.
Assumptions
Minimizing the cost associated with human resources is desirable.
Desired Value:
MINIMIZE
Required attributes
actinstlctctype
Equations
Formula for practitioners
returns the labor cost of activity instance .
returns the total cost of activity instance .
Formal Definition
The indicates that the PPI can take multiple forms, in this case, . If , then the function considers single events of activity instances for cost calculations, i.e., it uses and ; if , then the function considers the sum of all events of activity instances for cost calculations, i.e., it uses and .
Tags
actinst
lc
tc
type
Python implementation
This indicator is implemented in the process_performance_indicators Python library.
process_performance_indicators.indicators.cost.instances.labor_cost_and_total_cost_ratio
