Source information

The Rental Utilization model is based on the M3 table STUTIL, which is populated by using the Utilization Update Routine (STS655) function of M3 BE.

The concepts of Rental Day and Time On-Rent are central for the calculations of this model. To calculate Rental Days, a calendar of 365 (or 366 for leap year) is used. Rental equipment is considered on-rent for a specific day, if the equipment is in possession of a renter. This means that the on-rent parameter can assume two values only, 0 or 1, for any given day. The time utilization measurement is based on a solution that counts days, not hours. For example, an asset, which is rented out for one hour, will be calculated as one rental day.

The commission date describes the actual date the item or asset was put into use. This is not necessarily the acquisition date nor the date put into stock, rather the commission date should be set to the earliest date possible for rent of that piece of equipment. The commission date is the utilization start date.