I would like to compute Priority of an issue, based on 'Severity' and Likelihood' (two custom fields).
I'm looking forward for a solution with out adding plugins from marketplace? Is it possible to acheive this without buying plugins?
You can use the Kepler Custom Field (it's free) - https://marketplace.atlassian.com/plugins/com.keplerrominfo.jira.plugins.keplercf/server/overview
Look for `SIL script (Calculated) Custom Field: Powered by SIL, scripted.` in the documentation - https://confluence.cprime.io/display/KCF
If you are using JIRA Service Desk, then you can use the Automation module to set the priority of an issue based on the two mentioned custom fields.
Otherwise, you can't set a priority of an issue without a Marketplace add-on.
There are two that comes to mind:
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