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Component Types |
  
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Component Types |
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Within EnergySteward.com you are provided the capability of setting up other cost components to be used in other cost formulas. Each of these components that are utilized are categorized within a 'component type'. This configuration area provides the place to setup these component types.
An example, you may have a component type called 'State Tax'... This component type might be used to define multiple components that reference a state tax. For example, you can have 'Texas State Tax', 'Louisiana State Tax', etc. Both of these are 'State Tax' component types.
There are many component types which are common and therefore pre-configured within EnergySteward.com. You can use these particular screens to update your own custom component types.
The screen shot below shows the initial screen which lists out your available other cost component types:
Add Other Cost Formula Component Type (button) - Click this button to add a new other cost formula component type.
View/Edit Grid Button (pencil) - Click this next to the applicable component type in order to change the information about this type.
Delete Grid Button (red x) - Click this next to the applicable formula type that you want to permanently delete. When you delete an other cost formula type, then all components and subsequent contract and deal associations to this component will be removed. Important note: You will be presented with a confirmation ("Are you sure...?") dialog box prior to deletion.
Component Type Name - This can be any name for the other cost formula component which you want to define. It is suggested that you make this name relatively descriptive for the component type in question. The name you specify here will be available when you setup actual other cost formula components.
Notes - This is required and should just be a brief description for indicating what this other cost formula component type represents.
Entry Type (pull down listbox) - This indicates the type of entry that will occur for any other cost components that utilize this component type. The possible values include the following:
| • | Numeric - Other cost components that utilize this entry type will expect a numeric value when setting up a formula. For example, a 'Negotiated Adjustment' component might be setup which uses a component type with a 'Numeric' entry. When setting up the formula you would enter the actual numeric amount (like .05 or .07 etc.). |
| • | Daily Index - Other cost components that utilize this entry type will expect a reference to a daily price index when setting up a formula. For example, a 'Daily Fuel Surcharge (midpoint)' component might be setup which uses this component type for formula entry. When setting up the formula on the contract/deal you would select an available daily index (like 'West Texas Daily Fuel Rates', etc.). |
| • | Weekly Index - Other cost components that utilize this entry type will expect a reference to a weekly price index when setting up a formula. For example, a 'Weekly (midpoint)' component might be setup which uses this component type for formula entry. When setting up the formula on the contract/deal you would select an available weekly index. |
| • | Monthly Index - Price components that utilize this entry type will expect a reference to a monthly price index when setting up a formula. For example, a 'Monthly Fuel Surcharge (common high)' component might be setup which uses this component type for formula entry. When setting up the formula on the contract/deal you would select an available monthly index. |
| • | Index Basket - Other cost components that utilize this entry type will expect a reference to a price index basket when setting up a formula. For example, a 'West Texas Fuel' basket component might be setup which uses this component type for formula entry. When setting up the formula on the contract/deal you would select an available index basket. |
| • | Daily Index Average - Similar to the 'Daily Index', except any components which are setup with this type will pull in the monthly average (simple) of all daily prices. When setting up the formula on the contract/deal you would select an available daily index (like 'Daily Fuel Surcharge (midpoint)', etc.). When calculations are run using this formula then a simple average of all days values for the index within the production month will be used. |
Is Component Type Available (checkbox) - If checked, then this component type is considered active and will therefore show up in the pull down list boxes when setting up price components. If unchecked then historical price components are maintained BUT when assigning new price components, the item will be unavailable (will not show up in the pull down list box).