The Need for Expressions

This section describes the need for the expressions.

Expressions are created to evaluate simple business rule equations involving addition, subtraction, division, multiplication, and concatenations operations, based on business criteria and logic. Expressions are used to:

  • Calculate the preference score of a part.

  • Generate a description of part.

  • Calculate the quantity and the total cost during a particular life cycle of a part.

  • Estimate the production cost and quantity of components based on market demand.

  • Estimate the production cost based on the preferred part list.

  • Estimate the number of years to obsolescence of a particular component.

  • Estimate the availability of a part based on the part's risk factors.