Formulas

Admin mode requirement

To deploy database changes when you add attributes or make other formula modifications, you must be in admin mode.

Overview video

Watch this video to learn about formulas in Maximo Manage.

Object formulas

Object formulas are associated directly to a Maximo business object, and their values can be used as an input for other formulas. With object formulas, you do not have to create an attribute just to store a calculation. For example, you can define overbudgetcost as an object formula and then use that value in other formulas with the following expression: exp$overbudgetcost.

For more information on commonly used formulas, see the formula documentation on IBM® Community.

Attribute formulas

Attribute formulas can be applied to both persistent and nonpersistent attributes. For example, you can create a nonpersistent asset attribute that is named overbudgetcost to track the amount that the year-to-date cost of an asset surpasses the budgeted cost. You can then add the following attribute formula to automatically calculate the value of the overbudgetcost attribute: ytdcost-budgetcost. Whenever the year-to-date cost or the budget cost changes, the value for the overbudgetcost attribute is updated. If overbudgetcost is a persistent attribute, the formula calculates the value at the save point of the asset.