Software engineering economics

The field of software economics seeks to develop technical theories, guidelines, and practices of software development based on sound, established, and emerging models of value and value-creation---adapted to the domain of software development as necessary. The premise of the field is that software development is an ongoing investment activity---in which developers and managers continually make investment decisions requiring the expenditure of valuable resources, such as time, talent, and money. The overriding aim of this activity is to maximize the value added subject to an equitable distribution among the participating stakeholders. The goal of the tutorial is to expose the audience to this line of thinking…