Glossary > —P— > Pricing Policies > Pricing Policy Simulations
Pricing Policy Simulations
After you have defined a pricing policy, you can simulate a pricing policy run. This allows you to see the potential results of the pricing policy before you run the Pricing Engine AutoPilot process.
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Simulation results reflect only changes since last price change, not the last quarterly price update.
If you are running more than one pricing policy be sure that you have ordered them on the Pricing Policy page.
Use these instructions to run simulations for pricing policies.
1. Enter Pricing Policies in the Go to box to search for the page, then select the page from the resulting list of matches.
2. At the top of the page, select a Policy Folder.
3. Do one of the following:
◦ To run a simulation from the Pricing Policies page for one or more pricing policies:
1. Select the pricing policies you would like to simulate from the listing.
2. Click the Run Type button on the toolbar and do the following in the pop-up window:
1. Specify a Set Price Effective Date.
2. Select a Run Type:
Option
Description
Run
Honor policy settings for Step Analysis and Diagnostic Reporting
Run Fast
Skip the Step Analysis and Diagnostic Reporting steps regardless of individual policy settings
Run Detailed
Perform Step Analysis and Diagnostic Reporting steps regardless of individual policy settings
3. Select one of the following process options:
Option
Description
Run
Run the simulation jobs without setting any Price Effective Dates
Set Date
Set the Price Effective Date for all policies in the selected Policy Folder without running the simulation jobs.
Set Date and Run
Set the Price Effective Date for all policies in the selected Policy Folder and run the simulation jobs.
The simulation process starts to run.
3. Click next to the row of the pricing policy you just simulated.
◦ To run a simulation from the Definition tab on the Pricing Policy page for a single pricing policy:
1. Click next to the row of the pricing policy you would like to simulate. This opens the Definition tab of the Pricing Policy page.
2. Click on the toolbar.
4. Select the Results tab to view the results of the simulation.
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