Which three use cases should be implemented using Calculation Procedures and matrices? Choose 3 answers

Calculation Procedures & Matrices are used to perform complex calculations based on input data

and predefined rules. They are suitable for use cases that involve pricing, rating, scoring, or eligibility

determination. Therefore, the use cases that should be implemented using Calculation Procedures &

Matrices are:

Use a house’s address, size, and age of the building to determine an insurance premium. (This

involves rating based on multiple factors)

Use location and past usage to determine the monthly cost for an energy product. (This involves

pricing based on variable inputs)

Use risk factors for an insured item to determine different insurance product options. (This involves

scoring and eligibility based on criteria)

The use cases that should not be implemented using Calculation Procedures & Matrices are:

Use rules to determine eligible insurance products based on a house’s address and age of the

building. (This can be done using Business Rules Engine or OmniScript logic)

Use the product color and capacity to determine the price of a product. (This can be done using

simple formulas or lookup tables)