Minrate Sample Clauses
The Minrate clause establishes a minimum interest rate that must be applied to a financial agreement, regardless of fluctuations in benchmark rates or other variables. In practice, this means that even if the reference rate falls below the specified minimum, the lender will still receive at least the minimum rate set by the clause. This provision protects the lender from earning less than a certain threshold, ensuring a predictable minimum return and mitigating the risk of extremely low interest environments.
Minrate. Fraction of the total time that the inventory level of an arbitrary part is above or equal to the minimum-level. With minrate the aggregate minrate is meant. The KPIs is measured in process INV. Total number of parts which are repaired are counted. The number of parts had a higher priority and the remaining number of parts are counted. In process E, it is checked whether the part had a higher priority or not. Percentage of parts which are repaired within their due-date (only in case of Lead- time). In process E, when the part is repaired and transported it is checked whether its due-date is elapsed or not.
Minrate. The minrate is the fraction of the time the inventory position is equal or above the minimum level, see Formulas H.9 and H.10. α(S, K) = mi · α (S , K ) (H.9) SiΣ−Ki P (Xi = x) if Si − Ki > 0, (H.10) αi Si, Ki P (Xi = 0) if Si 0 if − Ki = 0, 0 Si − Ki < where α(S, K) is the aggregate minrate for a given turn-around stock vector and a minimum vector. αi(Si, Ki) is the minrate for SKU i, with a given turn-around stock, Si and a minimum level Ki. The exact value of the minrate is equal to 0.8346. In Figure H.7 it can be seen that the two values do not differ significantly. Figure H.7: Comparison of exact minrate with minrate of simulation for Min-max model, using of a t-test (α = 0.95)
Minrate. In Figure 7.6a, the minrate and the percentage of parts which are repaired within the lead- time is displayed. The minrate and the percentage of parts which are repaired within the lead-time, both measures the ability of the repair shop, to adhere to the interface agreements made. In the Lead-time To-Be situation, the repair shop is best able to adhere to the agreement to repair parts within the lead-time, hereafter the Min-max To-Be situation and last the Min-max As-Is situation; respectively 92%, 90% and 82%. This performance can be explained by the fact that in the Lead-time model a relatively long lead-time is taken. In the Min-max To-Be situation the turn-around stock and minimum levels are optimized. In this case the minimum levels are well-chosen and therefore it is easier to maintain the inventory level above or equal to the minimum levels. Minrate/ Within due-date 0,100 0,050 Min−Max To−Be Lead−Time To−Be 0,000 0,250 0,200 0,150 Min−Max As−Is Ratio Ratio