Calculations are ITEM in the cube that are eveluated at runtime

Calculated members: You can create customized measures or dimension members, called calculated members, by combining cube data, arithmetic operators, numbers, and/or functions.

Example: You can create a calculated member called MARKS that converts dollars to marks by multiplying an existing DOLLAR measure by a CONVERSION rate. Marks can then be displayed to end users in a separate row or COLUMN. Calculated member definitions are stored, but their values exist only in memory. In the preceding example, values in marks are displayed to end users but are not stored as cube data.

Calculations are item in the cube that are eveluated at runtime

Calculated members: You can create customized measures or dimension members, called calculated members, by combining cube data, arithmetic operators, numbers, and/or functions.

Example: You can create a calculated member called Marks that converts dollars to marks by multiplying an existing dollar measure by a conversion rate. Marks can then be displayed to end users in a separate row or column. Calculated member definitions are stored, but their values exist only in memory. In the preceding example, values in marks are displayed to end users but are not stored as cube data.