What is algorithmic cost modeling? What differentiates this procedure from others?
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- What exactly does algorithmic cost modeling entail? What makes this method unique compared to others is the question.What is the definition of algorithmic cost modelling? What sets this technique apart from others?What exactly is meant by the term algorithmic cost modeling? What makes this method distinctive in comparison to others?
- What is an algorithmic cost modeling? To what extent does this methodology differ from other methods of cost estimation?What is a cost model that uses algorithms? What disadvantages does it have in comparison to other techniques of cost estimation?Explain the challenges of experience-based approaches, and how algorithmic cost modelling address these challenges.
- Algorithmic cost model In comparison to other approaches, does it have any inherent limitations?In what scenarios would denormalization be recommended, and what are its trade-offs?Computer Science Rewrite this brief section. Create a table that illustrates the data. INTRODUCTION: The University of Wisconsin–Stout has experienced a series of large budget cuts in recent years. The athletic department has been granted an estimated budget of $250,000 for updates of current facilities. For a new floor installation to be feasible, the total cost must not reach over $250,000. FIGURES: According to Connors Flooring, the total installation cost of a maple sports floor is $81,300 with over 38 years of life expectancy. This is based on a 10,000-square-foot floor. The Maple Floor Manufacturers Association has concluded that wood floors also require regular cleaning, sanding, lines repainted, and floor refinishing approxi- mately every three years. This is a cost of approximately $8,000.00 per three years, equaling $2,666.00 p/year. With a 38 year life expectancy, the total for cleaning, sanding, painting, etc. = 101,308. CONCLUSION: The total cost of the floor is under…