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Cost Index given Minimum Design Index Formula

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Cost Index is the summation of all the contributors in cost configuration parameters. The cost configuration parameters are valued on the scale of 0-10 (best=10 and worst=0). Check FAQs

CI = \frac{(DI min \cdot 100) - (WI \cdot P w) - (TI \cdot P t)}{P c}

CI - Cost Index?DI_min - Minimum Design Index?WI - Weight Index?P_w - Weight Priority (%)?TI - Period Index?P_t - Period Priority (%)?P_c - Cost Priority (%)?

Cost Index given Minimum Design Index Example

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Here is how the Cost Index given Minimum Design Index equation looks like with Values.

Here is how the Cost Index given Minimum Design Index equation looks like with Units.

Here is how the Cost Index given Minimum Design Index equation looks like.

1327.9132 = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{10.11}

1327.9132 = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{10.11}

1327.9132 = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{10.11}

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Cost Index given Minimum Design Index Solution

Follow our step by step solution on how to calculate Cost Index given Minimum Design Index?

FIRST Step Consider the formula

CI = \frac{(DI min \cdot 100) - (WI \cdot P w) - (TI \cdot P t)}{P c}

Next Step Substitute values of Variables

∴

CI = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{10.11}

Next Step Prepare to Evaluate

∴

CI = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{10.11}

Next Step Evaluate

∴

CI = 1327.91315529179

LAST Step Rounding Answer

∴

CI = 1327.9132

Cost Index given Minimum Design Index Formula Elements

Variables

Cost Index

Cost Index is the summation of all the contributors in cost configuration parameters. The cost configuration parameters are valued on the scale of 0-10 (best=10 and worst=0).

Symbol: CI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost Index

Minimum Design Index

Minimum Design Index is a comparable quantity in conceptual design phase which considers Cost, Weight and Time period indices.

Symbol: DI_min

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Minimum Design Index

Weight Index

Weight Index is the summation of all the contributors in weight configuration parameters. The weight configuration parameters are valued on the scale of 0-10 (best=10 and worst=0).

Symbol: WI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Weight Index

Weight Priority (%)

Weight Priority (%) is a factor which shows the priority of Weight factor on a percentage scale. It is oriented according to the user's definition of priorities.

Symbol: P_w

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Weight Priority (%)

Period Index

Period Index is the summation of all the contributors in period configuration parameters. The Period configuration parameters are valued on the scale of 0-10 (best=10 and worst=0).

Symbol: TI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Period Index

Period Priority (%)

Period Priority (%) is a factor which shows the priority of time factor on a percentage scale. It is oriented according to the user's definition of priorities.

Symbol: P_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Period Priority (%)

Cost Priority (%)

Cost Priority (%) is a factor which shows the priority of cost objective on a percentage scale. It is oriented according to the user's definition of priorities.

Symbol: P_c

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost Priority (%)

Other formulas in Design Process category

Go Minimum Design Index

DI min = \frac{(CI \cdot P c) + (WI \cdot P w) + (TI \cdot P t)}{100}

Go Period of Design Index given Minimum Design Index

TI = \frac{(DI min \cdot 100) - (WI \cdot P w) - (CI \cdot P c)}{P t}

How to Evaluate Cost Index given Minimum Design Index?

Cost Index given Minimum Design Index evaluator uses Cost Index = ((Minimum Design Index*100)-(Weight Index*Weight Priority (%))-(Period Index*Period Priority (%)))/Cost Priority (%) to evaluate the Cost Index, The Cost Index given Minimum Design Index formula provides insight into how the cost index is determined based on the minimum design index, aiding airlines in making informed decisions regarding flight planning, route selection, and operational efficiency. It enables airlines to balance fuel savings with time-related costs to optimize overall operating expenses and enhance profitability. Cost Index is denoted by CI symbol.

How to evaluate Cost Index given Minimum Design Index using this online evaluator? To use this online evaluator for Cost Index given Minimum Design Index, enter Minimum Design Index (DI_min), Weight Index (WI), Weight Priority (%) (P_w), Period Index (TI), Period Priority (%) (P_t) & Cost Priority (%) (P_c) and hit the calculate button.

FAQs on Cost Index given Minimum Design Index

What is the formula to find Cost Index given Minimum Design Index?

The formula of Cost Index given Minimum Design Index is expressed as Cost Index = ((Minimum Design Index*100)-(Weight Index*Weight Priority (%))-(Period Index*Period Priority (%)))/Cost Priority (%). Here is an example- 1327.913 = ((160*100)-(50.98*15.1)-(95*19))/10.11.

How to calculate Cost Index given Minimum Design Index?

With Minimum Design Index (DI_min), Weight Index (WI), Weight Priority (%) (P_w), Period Index (TI), Period Priority (%) (P_t) & Cost Priority (%) (P_c) we can find Cost Index given Minimum Design Index using the formula - Cost Index = ((Minimum Design Index*100)-(Weight Index*Weight Priority (%))-(Period Index*Period Priority (%)))/Cost Priority (%).

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Cost Index given Minimum Design Index Formula

Cost Index given Minimum Design Index Example

Cost Index given Minimum Design Index Solution

Cost Index given Minimum Design Index Formula Elements

Other formulas in Design Process category

How to Evaluate Cost Index given Minimum Design Index?

FAQs on Cost Index given Minimum Design Index

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