Cost of Delay Calculator

Formula

The formula to calculate the Cost of Delay (COD) is:

\[ \text{COD} = \text{LMC} + \text{PRC} \]

Where:

$\text{COD}$ is the Cost of Delay ($)
$\text{LMC}$ is the last month's cost ($)
$\text{PRC}$ is the peak reduction cost ($)

Cost of Delay Definition

The Cost of Delay (COD) is the sum of the last month's cost and the peak reduction cost. It represents the financial impact of delaying a project or task, helping to prioritize and manage resources effectively.

Example Calculation

Let's assume the following values:

Last month's cost (LMC) = $5000
Peak reduction cost (PRC) = $2000

Using the formula:

\[ \text{COD} = 5000 + 2000 = 7000 \text{ dollars} \]

The Cost of Delay (COD) is $7000.