What is 'model calculation' in SAP FS-PM - Policy Management?

model calculation - Overview

• Component: FS-PM

• Component Name: Policy Management

• Description: Simulation of future values with projection.

model calculation - Details

• 
  Key Concepts: 
  Model calculation is a feature of the FS-PM Policy Management component of SAP. It allows users to create and manage models that can be used to calculate the cost of a policy or service. The models are based on a set of parameters that are defined by the user. The model calculation feature allows users to quickly and accurately calculate the cost of a policy or service.
  
  How to use it: 
  To use the model calculation feature, users must first create a model. This is done by defining the parameters that will be used in the calculation. Once the parameters have been defined, users can then enter the data that will be used in the calculation. The model calculation feature will then calculate the cost of the policy or service based on the parameters and data entered.
  
  Tips & Tricks: 
  When creating a model, it is important to ensure that all parameters are accurately defined. This will ensure that the model calculation feature produces accurate results. Additionally, it is important to ensure that all data entered into the model is accurate and up-to-date. This will also help to ensure accurate results.
  
  Related Information: 
  The model calculation feature is part of the FS-PM Policy Management component of SAP. It can be used in conjunction with other features such as policy management, service management, and pricing management. Additionally,