What is a rule based calculation framework, and why is it necessary? As discussed in my previous related article, a calculation framework is a fully configurable software solution to implement calculations that are typically required for financial planning, fee and price calculations, risk and scenario analysis etc. and other applications in business and science.
You don’t need a calculation framework to implement a single calculation function, however complex it might be. But what if you have a chain of functions, each with its own set of parameters, and you need to calculate, store and report the results of each function -with all its parametric variations- in a well-organized way? Continue reading →
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