Use a stand-alone calculation when you want to reuse the expression. You can apply a stand-alone calculation to one or more dimensions or query subjects to provide calculated data to a report, or include it in a package to make it available to your users. By moving a stand-alone calculation or a shortcut to it into a folder, you can better organize your model objects.
Use an embedded calculation when you want to use a calculation with only one dimension or query subject. You can create an embedded calculation when modifying a relational data source query subject, model query subject, or dimension.