?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Applying+ArchOptions+to+value+the+payoff+of+refactoring&rft.creator=Bahsoon%2C+R.&rft.creator=Emmerich%2C+W.&rft.description=ArchOptions+is+a+real-options+based+model+that+we+have+pro-posed+to+value+the+flexibility+of+software+architectures+in+response+to+future+changes+in+requirements.+In+this+paper%2C+we+build+on+ArchOptions+to+devise+an+options-based+model%2C+which+values+the+architectural+flexibility+that+results+from+a+refactoring+exercise.+This+value+assists+in+understanding+the+payoff+of+investing+in+refactoring%3A+if+the+refactored+system+results+in+an+architecture+that+is+more+flexible%2C+such+that+the+expected+added+value+(in+the+form+of+options)+due+to+the+en-hanced+flexibility+outweighs+the+cost+of+investing+in+this+exer-cise%2C+then+refactoring+is+said+to+payoff.+We+apply+our+model+to+a+refactoring+case+study+from+the+literature.&rft.publisher=IEE+(Institution+of+Electrical+Engineers)&rft.date=2004&rft.type=Proceedings+paper&rft.language=eng&rft.source=+++++In%3A++Proceedings+of+the+6th+International+Workshop+on+Economics+Driven+Software+Engineering+Research%2C+Edinburgh%2C+Scotland.++(pp.+pp.+66-70).++IEE+(Institution+of+Electrical+Engineers)+(2004)+++++&rft.format=application%2Fpdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F716%2F1%2F9.9.3BahsoonEmmerichEDSER6.pdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F716%2F&rft.rights=open