Using Economics as Basis for Modelling and Evaluating Software Quality

The economics and cost of software quality have been discussed in software engineering for decades now. There is clearly a relationship and a need to manage cost and quality in combination. Moreover, economics should be the basis of any quality analysis. However, this implies several issues that have not been addressed to an extent so that managing the economics of software quality is common practice. This paper discusses these issues, possible solutions, and research directions.