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An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical , framework designed to illustrate complex processes.
The four views of the model are logical, development, process, and physical view. In addition, selected use cases or scenarios are used to illustrate the architecture serving as the 'plus one' view. Hence, the model contains 4+1 views: [1] Logical view: The logical view is concerned with the functionality that the system provides to end-users.
Logic design is a step in the standard design cycle in which the functional design of an electronic circuit is converted into the representation which captures logic operations, arithmetic operations, control flow, etc. A common output of this step is RTL description. Logic design is commonly followed by the circuit design step.
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Logic is the study of the principles of valid reasoning and inference, as well as of consistency, soundness, and completeness. For example, in most systems of logic (but not in intuitionistic logic) Peirce's law (((P→Q)→P)→P) is a theorem. For classical logic, it can be easily verified with a truth table.
Finally, a logic model of the intervention is developed. This model describes the various activities that will happen and the cascades of effects they are expected to cause toward the desired outcome. Evaluators thereafter use the logic model of the intervention to design a proper evaluation plan to assess implementation, impact and efficiency.
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Note that the same "Viewpoints-driven" method as for logical architecture building is used for physical architecture definition. Outputs of this step consist of the selected physical architecture: components to be produced, including formalization of all viewpoints and the way they are taken into account in the components design.