Total Cost and Lead Time Ratio

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TCLTR×(g)\mathit{TCLTR}\mathit{^{\times}}(g)
×{sgl,sum}\mathit{\times} \in \{\mathit{sgl}, \mathit{sum}\}
Dimension:
Cost
Granularity:
Group of cases

Description

Ratio between the total cost of a group of cases and the lead time of a group of cases.

Potential use

Event log in which the total cost in relation to the total time taken for conducting the cases of a group of cases is of relevance.

Assumptions

Ratio between total cost and lead time should be as close to 0 as possible.

Desired Value:

MINIMIZE

Required attributes

actinst
case
tc
time
type

Equations

Formula for practitioners

TC(g)LT(g)\frac{\mathit{TC}(g)}{\mathit{LT}(g)}

TC(g)\mathit{TC}(g) returns the total cost of case group gg.
LT(g)\mathit{LT}(g) returns the total lead time of case group gg.

Formal Definition

TC×(g)LT(g)\frac{\mathit{TC}\mathit{^{\times}}(g)}{\mathit{LT}(g)}
The ×\mathit{\times} indicates that the PPI can take multiple forms, in this case, ×{sgl,sum}\mathit{\times} \in \{\mathit{sgl}, \mathit{sum}\}. If ×=sgl\mathit{\times} = \mathit{sgl}, then the function considers single events of activity instances for cost calculations, i.e., it uses TCsgl\mathit{TC}\mathit{^{sgl}}; if ×=sum\mathit{\times} = \mathit{sum}, then the function considers the sum of all events of activity instances for cost calculations, i.e., it uses TCsum\mathit{TC}\mathit{^{sum}}.

Tags

actinst
case
tc
time
type

Python implementation

This indicator is implemented in the process_performance_indicators Python library.

process_performance_indicators.indicators.cost.groups.total_cost_and_lead_time_ratio