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Open-source economics is an economic platform based on open collaboration for the production of software, services, or other products. First applied to the open-source software industry , [ 2 ] this economic model may be applied to a wide range of enterprises.
COCOMO II is the successor of COCOMO 81 and is claimed to be better suited for estimating modern software development projects; providing support for more recent software development processes and was tuned using a larger database of 161 projects. The need for the new model came as software development technology moved from mainframe and ...
Software Ecosystem is a book written by David G. Messerschmitt and Clemens Szyperski that explains the essence and effects of a "software ecosystem", defined as a set of businesses functioning as a unit and interacting with a shared market for software and services, together with relationships among them.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Information economics or the economics of information is the branch of microeconomics that studies how information and information systems affect an economy and economic decisions. [ 1 ] One application considers information embodied in certain types of commodities that are "expensive to produce but cheap to reproduce."
A software system is a system of intercommunicating components based on software forming part of a computer system (a combination of hardware and software). It "consists of a number of separate programs, configuration files, which are used to set up these programs, system documentation, which describes the structure of the system, and user documentation, which explains how to use the system".
Agent-based computational economics (ACE) is the area of computational economics that studies economic processes, including whole economies, as dynamic systems of interacting agents. As such, it falls in the paradigm of complex adaptive systems . [ 1 ]
The principal architect of the system was British operations research scientist Stafford Beer, and the system embodied his notions of management cybernetics in industrial management. One of its main objectives was to devolve decision-making power within industrial enterprises to their workforce to develop self-regulation of factories.