2.5

2 Click Create.
The Pricing Model screen is displayed.
3 Provide a name description for the pricing model and set the currency type in the General tab.
Option Description
Name
Name for the pricing model. This is mandatory information. The character
limit for the pricing model name is 255 characters.
Description
An optional description of the pricing model. The character limit for the
description is 512 characters.
Currency
The currency type used for defining the base rates and special costs in the
pricing model.
4 In the Billing Policy tab, set the period for which the billing policy will be effective.
The default selection is Update from now onwards, indicating the billing policy will be effective from the
time of creation of the pricing model till it is changed at a future date.
The other option is Update for the effective period. If you select this option, you must specify the start
and end date of the period for which the billing policy will be effective. You must enter the dates in the
mm/dd/yyyy format. If the end date is not specified, the billing policy will be effective from the specified
start date till infinity.
5 Select the required policy from the Billing Policy list.
6 In the Base Rates tab, set the period for which the base rates will be effective.
The default selection is Update from now onwards, indicating the base rates will be effective from the
time of creation of the pricing model till it is changed at a future date.
The other option is Update for the effective period. If you select this option, you must specify the start
and end date of the period for which the base rates will be effective. You must enter the dates in the
mm/dd/yyyy format. If the end date is not specified, the base rates will be effective from the specified start
date till infinity.
7 Set the base rate and the corresponding duration for the computing resources.
The duration specifies how often the specified rate is charged for the corresponding computing resource.
The duration can be Hourly, Daily, Weekly, Monthly, Quarterly, Half-yearly, or Yearly. In vCenter
Chargeback Manager, a duration value of Monthly is equal to 30 days, Quarterly is equal to 91 days, Half-
yearly is equal to 182 days, and Yearly is equal to 365 days.
In the case of time zones with daylight savings time, if you configure an hourly rate for a resource, then
the cost of the resource for a day is accounted for either 23 hours or 25 hours, as applicable. However,
daylight saving days are considered as full days and a daily cost configured for a resource is charged
entirely and not adjusted based on the number of hours in the daylight saving day. Similarly, the weekly,
monthly, quarterly, half-yearly, and yearly rates are considered in entirety and not adjusted for daylight
savings.
NOTE If the base rate for a chargeable computing resource is not entered, the base rate for that resource
is considered to be zero.
8 (Optional) Select Overage to define an overage rate for the corresponding computing resource.
An overage rate lets you charge different rates for the allocated units and the units used beyond the
allocation.
Chapter 5 Managing and Configuring vCenter Chargeback Manager Cost Elements
VMware, Inc. 81