KPI003 | Cadets per ship V4.0

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

Ranking calculation example

Step 1: Calculate KPI value

PI017	Number of cadets under training with the DOC holder	= 123
PI057	Number of ships operated under the DOC holder	= 134
[formula] KPI003_{Value} [/formula]	[formula] = \frac{PI017}{PI057} = \frac{123}{134} = 0.92[/formula]

Step 2: Calculate percentile rank by comparing KPI value against other ships with the same criteria. We assume that another 99 (100 in total) participate in the ranking with the same criteria and our ship has position 23

Step 3: Calculate the percentile rank by capturing the count of all participant below your rank (cl). The frequency of ships in your same rank (fi). The total number of ships in the ranking segment (N).

[formula] KPI003_{Percentile Ranking} = \frac{cl+05*fi}{N} * 100 = \frac{77+0.5*1}{100} * 100 = 77.50 [/formula]

Interpretation: Based on the above example, we could say that, when it comes to KPI003 Cadets per ship, this ship belongs in the 77.50th percentile of the ships that are being compared with based on its ranking criteria in the respective quarter.