2786985 - UJO_READ_EXCEPTION_000: MDX statement error:"The generated statement is too long"

Error shown when user runs the BPC report that contains custom measures:

Bad request .
Server message:
code: UJO_READ_EXCEPTION_000
severity: error
description: MDX statement error:"The generated statement is too long"
DATAVALUE:The generated statement is too long
The remote server returned an error: (400) Bad Request.

In the MDX statement execution on MDXTEST:
An exception (CX_RSR_MDX_OLAP_ERROR) occurred. Message no. TPDA430
The generated statement is too long
Message no. DBMAN258

SAP Business Planning and Consolidation 10.1, version for SAP NetWeaver

FETCH, CL_RSR_RRK0_DM_QUERY, query, mdx, measure, UJA_MAINTAIN_MEASURE_FORMULA, cpmb, CX_RSR_MDX_OLAP_ERROR, An exception, CX_RSR_MDX_OLAP_ERRO,  occurred, TPDA430, The generated statement is too long, DBMAN258, bpc, report, excel, addin , KBA , EPM-BPC-NW , NetWeaver Version , BW-PLA-BPC , BPC 'embedded model' , BW-BEX-OT-DBIF , Interface to Database , EPM-XLS , EPM Excel Client , Problem