Measuring the Value of Conceptual Modeling a Return on Investment (ROI) Analysis

Date of Award

Spring 2013

Document Type

Thesis

Degree Name

Master of Science (MS)

Department

Computational Modeling & Simulation Engineering

Program/Concentration

Modeling and Simulation

Committee Director

Saikou Diallo

Committee Member

Jose Padilla

Committee Member

John Sokolowski

Call Number for Print

Special Collections LD4331.E58 B74 2013

Abstract

This thesis presents a method for calculating the return on investment (ROI) of conceptual modeling. Conceptual modeling as it relates to Modeling and Simulation (M&S) studies is a process that abstracts a model of a real or proposed system to be subsequently used for developing computer models. The conceptual modeling process is a critical constituent in an M&S project because it produces the central reference for building the computer model. Computer models require formal logic to carry out procedures, and consistent arguments in formal logic are crucial for the model to be useful. Not only does formal logic provide the underpinning of the final computer model, but it can also be used to detect logical errors during conceptual modeling. Through the use of formal logic via an ontological model, conceptual modeling can have a quantitative value assigned to it based on the errors uncovered. The value is in terms of time saved from otherwise searching for inconsistencies during the testing phase. The investment is in terms of time consumed by querying the ontological model. The proposed method will benefit researchers and decision makers by adding to the dearth of key performance indicators for Modeling and Simulation (M&S) in general and conceptual modeling in particular.

Rights

In Copyright. URI: http://rightsstatements.org/vocab/InC/1.0/ This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).

DOI

10.25777/40e5-4q03

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