What Are the Advantages and Disadvantages of Custom Software and of Canned

question 23

Essay

What are the advantages and disadvantages of custom software and of canned software for meeting application software needs?

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Definitions:

Single Peaked

A type of preference or opinion that, when graphed, shows a single top or highest preference, typically used in voting theory to describe voters' preferences over various issues.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by more than one person at a time without depletion of the resource.

Pairwise Majority Voting

A voting system where each option is matched against every other option in separate votes, and the one winning the most matches is chosen.

Single Peaked

A term used to describe preferences or utility functions that increase to a highest point (the peak) and then decrease, indicating a clear optimal choice or outcome.