Housing economics (Housing Studies) Essay Example | Topics and Well Written Essays - 3500 words - 1

Housing economics (Housing Studies) - Essay Example There is no government intervention in this economy (Grant & Vidler, 2000, p. 19). The free market system consists of four main categories of actors. They are â€Å"consumers, producers, owners of private property (land and capital) and government† (Economics, 1977). Each actor in the pure market economy is motivated their own self-interest and they take every decision based on their private gain. In this context we make an assumption of rationality. It is a very important assumption that considers that the market actors are rational in the sense that they are both consistent and transitive in the choices that they make. If a person chooses a basket of commodities ‘X’ over a basket of commodities ‘Y’ at a particular point of time, she would choose the same basket of commodities an instant later provided that there are not any alterations made in the baskets. Secondly, if a person chooses ‘X’ over ‘Y’ and ‘Y’ over ‘Z’, he would prefer ‘X’ over ‘Z’. It is a lso to be noted that a rational individual would want more of a normal good (increases consumption of which gives increased utility) than less of it. In the free market economy, any stability issue is resolved without external intervention and it is made possible through â€Å"consistent maximization of a well-ordered function, such as a utility or profit function† (Etzioni, 2010, p. 142) by the two main forces of the market; the consumers and the producers. According to the famous proposition by Adam Smith, an invisible hand works in the free market economy. The housing system in the United Kingdom is a large and complex system and includes a range of relationships between the owners and occupiers of the homes. The houses might e occupied by the owners or might involve various rental tenures in the private sector including the â€Å"not-for profit and local authority sectors† (Diacon, Pattison & Vine, 2009, p. 6). This market consists of millions of existing

Reducing Ambiguities in Customer Requirements Through Historical Dissertation

Reducing Ambiguities in Customer Requirements Through Historical Knowledge - Dissertation Example On the contrary, adverse scenarios develop and complex designs are continually expressed, marked by high levels of understandability, verifiability, traceability, and modifiability requirements which are not consistent with intricate situations. The intricate situations increase, creating a design reality for Requirements Engineering processes plagued with uncertainty, vacillation, and visualization. The purpose of this study is to present a more conventional philosophical system of thinking, which is ideally grounded on the value-based approach, and melted down to ideal elucidation process in the rigid scenarios. It will develop a discussion that supports no software engineering may supersede Requirement Engineering. A high degree of quality in Requirement Engineering is paramount to withstand harsh run time errors associated software engineering development. ... 2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... Proposed Conceptual Method; Cybulsky, J., and K. Reed. 2000. â€Å"Requirements Classification and Reuse: Crossing Domains Boundaries.† In 6th International Conference on Software Reuse, 190–210. Fig. 3†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Software and Qualitative Analysis; e-Source. (2013). Software and Qualitative Analysis: The Qualitative Research; Sorting and Coding. Office of Behavioral & Social Sciences Research Fig. 4†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Fig. 5†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ LIST OF TABLES Table 1†¦Ã¢â‚¬ ¦.. Methodologies for Requirements Engineering Table 2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Deductive Analysis Steps Table Table Table Table CHAPTER ONE INTRODUCTION History has shown that insufficient engineering requirements lead to insufficient engineering products and thus, security risks. Requirements Engineering (RE) consists of development and management and is one of the most important disciplines in the development of Software Engineering (SE) soft ware products. According to the Software Engineering Body of Knowledge (SWEBOK), software requirements can be defined as â€Å"a property which must be exhibited in order to solve some problem in the real world† (Committee 2004). One of the main practices in RE is the elicitation process of software requirements (see fig. 1). During the elicitation process, requirements are analyzed, specified, and verified (SPC, 2002). Software requirements specifications are derived from the requirements elicitation process (see fig. 1). For requirements to be of quality, they must be correct, complete, precise, consistent, verifiable, modifiable, and traceable (Toval et al. 2002). Successful and effective requirements engineering can improve risk management, quality, reusability, and productivity during the software development process. In this study, ambiguities in new customer