The Potential for Synergy Between Certification and Insurance

Abstract

Because of their affordability and availability, reusable software components have long been a tantalizing IT investment. However, the risks associated with uncertainties about technical attributes and lack of protection against undesirable behaviors often deters their adoption. Certification and insurance are potential approaches to managing these risks. Probabilistic certification and insurance base their predictions and products on similar kinds of data; this offers the prospect of consistency (1by using the same data for both) and cost-effectiveness (by reusing the data). The combined benefits of the two methods in the form of risk reduction and lowering of variance may make software reuse investments more attractive to risk-averse companies.

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Document Details

Document Type
Technical Report
Publication Date
Apr 01, 2002
Accession Number
ADA635339

Entities

People

  • Kevin Stolarick
  • Kurt C. Wallnau
  • Mary Shaw
  • Paul L. Li

Organizations

  • Carnegie Mellon University

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Assembly
  • Business Administration
  • Commerce
  • Computer Components
  • Controlled Environment
  • Data Analysis
  • Insurance
  • Intervals
  • Investments
  • Mathematical Models
  • Models
  • Performance Tests
  • Predictive Modeling
  • Probability
  • Random Variables
  • Risk
  • Software Development

Fields of Study

  • Computer science

Readers

  • Cybersecurity.
  • Economics
  • Parallel and Distributed Computing.