Numerical Analysis
Algorithm Development: More costly than you may think
Direct Time and Cost to Develop In-house
To just research and develop one numerical analysis algorithm, it
could take an effort of about 8 weeks.
Indirect Time and Cost to Develop In-house
In addition to direct costs for development, there are additional
hidden costs associated with building your own routines, including:
- Maintenance
- Porting
- Testing and Quality Assurance
- Documentation
Indirect development efforts could require approximately 16 weeks
of work.
This represents a total of 24 weeks to develop, test, port, and
document one numerical analysis algorithm. Compare this to no more
than five days to call, embed, and test an IMSL algorithm.
This comparison represents over 95% savings in time and
cost!
Finally, who will provide support as developers move on?
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