We have been shortlisted! We are delighted to be nominated for 5 Tech for Good awards for our work with South African charity Shout It Now. Read more here.
Cost by Work Type
Cost by work type is a report on how much it has cost to produce each type of work flowing through your process.
1. Turn on reporting
Cost by work type is not recorded by default. In order to use it, you need to turn it on first. From the home tab, click on the drop-down on Costs by Work Type, and select the Analyze During Runs option.
2. Work Type Label
You will need to create the special label Work Type. This will tell Simul8 all the different types of work you wish to record costings for. Use Actions in the appropriate object to set values for this label.
3. Run Simulation
Now run your simulation. At the end of the simulation run click the cost by work type button on the home tab to open your report as pictured below.
How are Costs by Work Type calculated?
The meaning of each cost is as follows:
- The Lowest, Average and Highest cost correspond to the ‘Usage Cost (per Unit)’ that you can see if you click on the Finance dialog of Activities and Start Points. If you click the Finance button on Queues, there is also a default value for Cost per minute that adds up if the Work item is waiting in a Queue.
- The Overhead Cost is calculated as the Overhead (the sum of each Object’s Capital Cost) divided with the number of Work Items in the simulation.
- The Total Unit Cost is the sum of Average Cost plus the unit cost (Overhead Cost).
- The Total Cost is a sum of all Work Item costs of each type added together.