Question

APM integrates with the modeling engine to provide a cost model. What is the name of this cost model? This model can be used to allocate financials to the three segments of the hierarchy. What are the three segments of the hierarchy?

Answer 1

The cost model integrated with the modeling engine in APM is the Mathematical Model. The three segments of the hierarchy are materials, fabrication or manufacturing, and operation and maintenance.

Step-by-step explanation:

The cost model integrated with the modeling engine in APM is called the Mathematical Model. This model is used to estimate and allocate financials to the three segments of the hierarchy.

The three segments of the hierarchy include:

1. Materials: This segment focuses on the cost of the materials required for implementing a technique or solution.
2. Fabrication or Manufacturing: This segment considers the cost associated with the fabrication or manufacturing process of the solution.
3. Operation and Maintenance: This segment analyzes the ongoing costs involved in operating and maintaining the implemented solution.

By using the Mathematical Model, APM can provide a cost estimation and allocation framework for these three segments in order to compare and make informed decisions.