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You seem to be missing the point i refer to my original post it's only usefull if it better than what you have in that slot in which case wtf do you need some dumbass formula, i know an upgrade when i see it and send a tell to the ML when he calls for people to 'send tells if you want <insert item here>'
You need it for assigning costs in a fixed cost loot system.
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or you could use NBG and distribute loot for the betterment of the guild. my guild upgrades the highest lvl's who filter the replaced item downwards. For No Drop it is given to where it will make the biggest impact i.e FT generally to Cleric's ect unless a particular item is requested on the guild board Before the raid.
I was hoping to keep discretionary- vs fixed cost- lootsystems debate out of this. Why do you ask what i need it for first, when you obviously know the answer?(fixed cost loot system) Whether you like discretionary loot systems, bid loot systems or fixed cost loot systems was never the issue.
If you use a fixed cost loot system you need consistent "costs" assigned to items. One way to go about this is to work out the best formular you can, with the amount of work you are willing to put into it and use that as baseline then adjust raid point costs from there. Now whether you accept these premises is entirely up to you, I admit i should have stated that this was the purpose of my original post and for that i do apologize. My original questions still stand.
"Has struggled with something similar and/or have suggestions for improvements ?"
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Give it up!!! Your formula will be about 400 terms long by the end of it. It is so much easier to look at an item, and having a knowledge of the competing items, base its price. All you need think is, what would I pay for that.
You quoted 1st part of my post may I suggest you read and understand the rest.
Here is a little to test you can take to see if you have understood it:
Is it about PP value?
(if you answered yes to the above you got it wrong. Read posts on this thread again please).
for those of you who insist on discussing one loot system or the other i started a special thread
here.