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International Conference on Product-Focused Software Process Improvement

PROFES 2009: Product-Focused Software Process Improvement pp 362–374Cite as

Integrating Value and Utility Concepts into a Value Decomposition Model for Value-Based Software Engineering

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Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 32))

Abstract

Value-based software engineering (VBSE) is an emerging stream of research that addresses the value considerations of software and extends the traditional scope of software engineering from technical issues to business-relevant decision problems. While the concept of value in VBSE relies on the well-established economic value concept, the exact definition for this key concept within VBSE domain is still not well defined or agreed upon. We argue the discourse on value can significantly benefit from drawing from research in management, particularly software business. In this paper, we present three aspects of software: as a technology, as a design, and as an artifact. Furthermore, we divide the value concept into three components that are relevant for software product development companies and their customers: intrinsic value, externalities and option value. Finally, we propose a value decomposition matrix based on technology views and value components.

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Author information

Authors and Affiliations

  1. Software Business Laboratory, Helsinki University of Technology, Otaniementie 17, Espoo, Finland

    Mikko Rönkkö & Christian Frühwirth

  2. Institute of Software Technology, Vienna University of Technology, Vienna, A-1040, Austria

    Stefan Biffl

Authors
  1. Mikko Rönkkö
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  2. Christian Frühwirth
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  3. Stefan Biffl
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Editor information

Editors and Affiliations

  1. Fraunhofer IIESE, Fraunhoferplatz 1, 67663, Kaiserslautern, Germany

    Frank Bomarius

  2. Department of Information Processing Science, University of Oulu, P.O.Box 3000, 90014, Finland

    Markku Oivo

  3. VTT Technical Research Centre of Finland, Tietotie 3, 02150, Espoo, Finland

    Päivi Jaring

  4. Department of Computer Science, University of Helsinki, P.O.Box 68, 00014, Helsinki, Finland

    Pekka Abrahamsson

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© 2009 Springer-Verlag Berlin Heidelberg

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Rönkkö, M., Frühwirth, C., Biffl, S. (2009). Integrating Value and Utility Concepts into a Value Decomposition Model for Value-Based Software Engineering. In: Bomarius, F., Oivo, M., Jaring, P., Abrahamsson, P. (eds) Product-Focused Software Process Improvement. PROFES 2009. Lecture Notes in Business Information Processing, vol 32. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-02152-7_27

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  • DOI: https://doi.org/10.1007/978-3-642-02152-7_27

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-02151-0

  • Online ISBN: 978-3-642-02152-7

  • eBook Packages: Computer ScienceComputer Science (R0)

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