Abstract
New contemporary software development models try to tradeoff among the three major aspects of concern; Cost, time and meeting customer requirements. One of the recently introduced software development models is the Integrated Quality Software Development (IQSD). This model builds on the advantages of both the prototyping and waterfall models and eliminates their limitations. This research presents the development of a cost estimation function that quantifies the economic benefits of implementing the IQSD model. Numerical analysis indicated that the IQSD model outperforms traditional development models from an economic standpoint.
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