When someone says "algorithmic cost model," what precisely do they mean? What are the downsides of this method as compared to the other methods of cost estimation that are available?
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- What is an algorithmic cost modeling? To what extent does this methodology differ from other methods of cost estimation?What exactly does algorithmic cost modeling entail? What makes this method unique compared to others is the question.How can the "cone of uncertainty" be used to refine software cost estimations over time?
- The Nobel peace prize is awarded to persons who excel in various fields of endeavor. Currently only a handful of panel members determine and choose people who qualify for a particular award based on nomination from a wide range of disciplines’. This process of selecting the winners for the various prices have been criticized as being biased especially from the side of the panel members. The committee of experts at a general council meeting decided to automate the selection process. On a trial bases, you have been engaged to develop a system that will automatically select a nominee as the winner of the award in two categories (peace and science). Your program should have the following methodsalities.a) You are to define a class named NobelAward. Your class must have two methodss, one of the methodss should be named AwardCategory, and the other methods should be named AwardWinner. Your AwardCategory must have a string argument and return the string when called. Your AwardWinner methods…The Nobel peace prize is awarded to persons who excel in various fields of endeavor. Currently only a handful of panel members determine and choose people who qualify for a particular award based on nomination from a wide range of disciplines’. This process of selecting the winners for the various prices have been criticized as being biased especially from the side of the panel members. The committee of experts at a general council meeting decided to automate the selection process. On a trial bases, you have been engaged to develop a system that will automatically select a nominee as the winner of the award in two categories (peace and science). Your program should have the following methodsalities. a) You are to define a class named NobelAward. Your class must have two methodss, one of the methodss should be named AwardCategory, and the other methods should be named AwardWinner. Your AwardCategory must have a string argument and return the string when called.…The Nobel peace prize is awarded to persons who excel in various fields of endeavor. Currently only a handful of panel members determine and choose people who qualify for a particular award based on nomination from a wide range of disciplines’. This process of selecting the winners for the various prices have been criticized as being biased especially from the side of the pane members. The committee of experts at a general council meeting decided to automate the selection process. On a trial bases, you have been engaged to develop a system that will automatically select a nominee as the winner of the award in two categories (peace and science). Your program should have thefollowing functionalities. a) Write a C++ program to define a class named NobelAward. Your class must have two functions, one of the functions should be named AwardCategory, and the other function should be named AwardWinner. Your AwardCategory must have a string argument and return the string when called. Your…
- Create a simple 0, 1 integer model for a situation or problem you face in your life. Is there an optimal solution for your problem? What type of model would you use to create an optimal solution? Explain.How can linear programming be utilized to find the best financial decisions?Using your knowledge of knock-out options and their pricing via Monte Carlo simulation, demonstrate the effect on option prices when we vary the frequency at which barrier crossing is checked. This question is intentionally ambiguous to assess your maturity in approaching problems that are likely to arise in the real world. You will choose your own option parameters, perform the simulation and report the results as you see fit in order to demonstrate the effect. Type your code here, followed by a commentary