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KPI003 | Cadets per ship V3.0
Key Performance Indicator
The KPI shows the ratio between the total number of cadets under training with the DOC holder and their total fleet. The result is the average number of cadets per ship.
| Interpretation | This KPI expresses the company’s commitment and ability to take on new cadets. |
| Unit | Cadets/Ship |
| Scope | All ships of the DOC holder |
| Calculation period | Quarterly |
Formula
[formula]KPI003 = \frac{PI017}{PI057}[/formula]
| PI017 | Number of cadets under training with the DOC holder |
| PI057 | Number of ships operated under the DOC holder |
Example
| PI017 | Number of cadets under training with the DOC holder | = 123 |
| PI057 | Number of ships under the DOC holder | = 134 |
| KPI Value | Cadets per vessel | = 0.918 |
Rating Formula
[formula] \begin{align} \displaylines { KPI_{Value}\\ KPI_{MinReq} = 0\\ KPI_{Target} = 3 } \end{align} [/formula] [formula] KPI_{Rating} = 100 \times \frac {(KPI_{Value} - KPI_{MinReq})} {(KPI_{Target}-KPI_{MinReq})} [/formula]
Rating Example
| KPI Value | = 0.92 |
| KPI MinReq | = 0 |
| KPI Target | = 3 |
| KPI Rating | [formula]=KPI_{Rating} = 100 \times \frac {(KPI_{Value} - KPI_{MinReq})} {(KPI_{Target}-KPI_{MinReq})} = 100 \times \frac {(0.92 - 0)} {(3-0)} = 31[/formula] |