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WSim simulates one or many network terminal(s) to load a mainframe computer system by executing programmed scripts, for functional testing, system testing, regression testing, capacity management, benchmarking and stress testing. It is a re-packaged, subset version of IBM's Teleprocessing Network Simulator. [3]: 19–22 Value Lifecycle Manager
Monte Carlo Methods allow for a compounding in the uncertainty. [7] For example, where the underlying is denominated in a foreign currency, an additional source of uncertainty will be the exchange rate : the underlying price and the exchange rate must be separately simulated and then combined to determine the value of the underlying in the ...
Monte Carlo method: Pouring out a box of coins on a table, and then computing the ratio of coins that land heads versus tails is a Monte Carlo method of determining the behavior of repeated coin tosses, but it is not a simulation.
Risk-based testing (RBT) is a type of software testing that functions as an organizational principle used to prioritize the tests of features and functions in software, based on the risk of failure, the function of their importance and likelihood or impact of failure. [1] [2] [3] In theory, there are an infinite number of possible tests.
Cost estimation in software engineering is typically concerned with the financial spend on the effort to develop and test the software, this can also include requirements review, maintenance, training, managing and buying extra equipment, servers and software. Many methods have been developed for estimating software costs for a given project.
Software testing can provide objective, independent information about the quality of software and the risk of its failure to a user or sponsor. [1] Software testing can determine the correctness of software for specific scenarios but cannot determine correctness for all scenarios. [2] [3] It cannot find all bugs.
Software reliability testing is being used as a tool to help assess these software engineering technologies. [9] To improve the performance of software product and software development process, a thorough assessment of reliability is required. Testing software reliability is important because it is of great use for software managers and ...
Stress test conducted on payment systems help to evaluate the short term adequacy and sufficiency of the prevailing liquidity levels and buffers of banks, and the contingency measures of the studied payment systems. [17] A financial stress test is only as good as the scenarios on which it is based. [18]