Formulas

Overview video

Check out the video to learn more 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.