Indicator Value Determination Using Offset Parameters
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Solution Overview
Problem
Current systems for evaluating key performance indicators (KPIs) lack flexibility in defining time intervals, which limits their ability to accurately reflect business performance over various time frames.
Innovation Solution
A computer-implemented method that determines a value for an indicator by using a specific time interval defined by multiple offset parameters, including a first offset parameter, a second offset parameter expressed in a superordinate time unit, and a third offset parameter, allowing for dynamic and flexible time interval calculations.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a fixed time interval is used for evaluating KPIs, then the evaluation process is simple, but the system lacks flexibility in defining time intervals
Solution Approach 1:
The time interval definition is segmented into multiple independent offset parameters (first offset parameter, second offset parameter, third offset parameter) that can be configured separately. Each offset parameter defines a specific time offset from reference time points, allowing flexible combination to create various time intervals without increasing overall system complexity
Solution Approach 2:
The system transitions from fixed time intervals to dynamic time interval definition through multiple configurable offset parameters. The time interval becomes adaptable based on different evaluation scenarios, allowing the system to adjust time frames dynamically while maintaining a structured parameter-based approach
2Adaptability or versatility
If multiple offset parameters are used to define time intervals, then flexibility in time interval definition is improved, but the parameter configuration becomes more complex
Solution Approach 1:
The system pre-defines reference time points and structures the offset parameters in a systematic sequence (first, second, third offset parameters). This preliminary structuring allows users to configure time intervals by simply setting offset values rather than defining entire time intervals from scratch, reducing operational complexity
Solution Approach 2:
The system introduces a hierarchical dimension to time interval definition by using multiple offset parameters relative to reference time points. This multi-dimensional approach (multiple offsets from multiple reference points) provides flexibility while organizing complexity into manageable layers
Data Source
AI summary
Among other disclosed subject matter, a computer-implemented method for determining a value for an indicator includes identifying an indicator for which a value is to be determined. The method includes identifying parameters to be used in determining a specific time interval for determining the value, the identified parameters including at least: (i) a first offset parameter; (ii) a second offset parameter; and (iii) a third offset parameter. The method includes determining the specific time interval using at least the identified parameters and the reference time point. The method includes determining the value for the indicator using at least the determined specific time interval. The method includes recording the determined value.