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==What is a Cost?== | ==What is a Cost?== | ||
The cost is the quantity of [[currency]] needed to execute or perform certain | The cost is the quantity of [[currency]] needed to execute or perform certain [[Actions]] during a [[session]]. An example of a cost can be the currency needed to build a [[Construction|building]]. | ||
==How does a Cost relate to the {{software}}?== | ==How does a Cost relate to the {{software}}?== | ||
In the {{software}} costs are values created when [[Action]]s are taken that influence the [[Budget]] of a [[Stakeholder]]. It is possible to adjust the | In the {{software}} costs are values created when [[Action]]s are taken that influence the [[Budget]] of a [[Stakeholder]]. It is possible to adjust the cost per [[Function]]. The cost of an action can be influenced by a variety of different factors (e.g. number of floors or building type). Incomes, together with costs, compose the total [[Budget]] of a [[Stakeholder]] in a session. | ||
===Types of Costs=== | ===Types of Costs=== | ||
The platform distinguishes a | The platform distinguishes a variety of different types of costs: | ||
====[[Construction_cost_(Function_Value)|Constuction Cost]]==== | ====[[Construction_cost_(Function_Value)|Constuction Cost]]==== | ||
: Construction costs refer to the | : Construction costs refer to the money that is used for construction a [[Construction|Building]]. Also, the costs for [[Terrain]] adjustments, such as lowering and raising the terrain, or changing the type of terrain, are referred to as Construction Costs. | ||
: ''Note: When considering construction cost, it should be noted that constructions also generate [[Income#Income from constructions (rent)|income]].'' | : ''Note: When considering construction cost, it should be noted that constructions also generate [[Income#Income from constructions (rent)|income]].'' | ||
====[[Demolition_cost_(Function_Value)|Demolition Cost]]==== | ====[[Demolition_cost_(Function_Value)|Demolition Cost]]==== | ||
: Demolition costs refer to the value of money that | : Demolition costs refer to the value of money that is used to demolish an existing construction in the {{software}}. | ||
====Land Price when buying==== | ====Land Price when buying==== | ||
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====[[Buyout_cost_(Function_Value)|Buyout Cost]]==== | ====[[Buyout_cost_(Function_Value)|Buyout Cost]]==== | ||
: When demolishing a construction in the {{software}} during a [[Project Session| | : When demolishing a construction in the {{software}} during a [[Project Session|session]], the associated costs can be considerably higher when the building is not [[Vacancy_Overlay|vacant]]. These extra costs are the buy out fee that needs to be paid to the occupants for their relocation. | ||
====Interest (loan costs)==== | ====Interest (loan costs)==== | ||
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====Money Transfers to other Stakeholders==== | ====Money Transfers to other Stakeholders==== | ||
: It is possible to transfer money to other stakeholders. This can happen, for example, as part of the negotiation process; one stakeholder performs an | : It is possible to transfer money to other stakeholders. This can happen, for example, as part of the negotiation process; one stakeholder performs an [[Action]] that also positively affects an [[Indicator]] for another stakeholder, who is willing to contribute to the project with an amount of money. | ||
Revision as of 15:47, 29 October 2020
What is a Cost?
The cost is the quantity of currency needed to execute or perform certain Actions during a session. An example of a cost can be the currency needed to build a building.
How does a Cost relate to the Tygron Platform?
In the Tygron Platform costs are values created when Actions are taken that influence the Budget of a Stakeholder. It is possible to adjust the cost per Function. The cost of an action can be influenced by a variety of different factors (e.g. number of floors or building type). Incomes, together with costs, compose the total Budget of a Stakeholder in a session.
Types of Costs
The platform distinguishes a variety of different types of costs:
Constuction Cost
- Construction costs refer to the money that is used for construction a Building. Also, the costs for Terrain adjustments, such as lowering and raising the terrain, or changing the type of terrain, are referred to as Construction Costs.
- Note: When considering construction cost, it should be noted that constructions also generate income.
Demolition Cost
- Demolition costs refer to the value of money that is used to demolish an existing construction in the Tygron Platform.
Land Price when buying
- The land price when buying reflects the purchase costs per measurement. This is a default value, however, this value is open for change during the negotiation process between the involved stakeholders.
Buyout Cost
- When demolishing a construction in the Tygron Platform during a session, the associated costs can be considerably higher when the building is not vacant. These extra costs are the buy out fee that needs to be paid to the occupants for their relocation.
Interest (loan costs)
- When a stakeholder is granted a (bank) loan, the calculated interest will be taken into account as costs. This is currently a fixed value in the Tygron Platform of an annual rate of 4%.
Money Transfers to other Stakeholders
- It is possible to transfer money to other stakeholders. This can happen, for example, as part of the negotiation process; one stakeholder performs an Action that also positively affects an Indicator for another stakeholder, who is willing to contribute to the project with an amount of money.
How-to's
- How to adjust Construction Costs
- How to adjust Demolition Costs
- How to adjust Land Price when buying
- How to adjust Buyout costs
- How to adjust Interest to be paid over (Bank) Loans