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I like "The Slurrier." Henceforth let it be added to the Big List of Euphemistic Aliases, just after "Oh No Not Tozier Again."

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Models really only have meaning in the context of the research program or project in which they're developed and applied. As such, I like to think of them as the product of a design process -- with the word "design" here taken so generally that it can include the "design" of hypotheses and experiments in the natural sciences (which are more typically called "analysis" or research).

A phrase that you haven't used here yet (do you use it in DoI? I'll have to look it up): Cost of Change, from project management parlance. That phrase captures one of the crucial differences between traditional and agile project management methodologies -- and, I think, one of the crucial differences between scientific and engineering modeling. It's not orthogonal to your error and cost, but it's not entirely subsumed by them either.

Indeed, it seems a lot of interesting and useful analogies for talking about modeling (under the aegis of "design" and analysis) can be mined from the more philosophical software development literature, especially from the OO and Extreme Programming folks.

Surely there are design patterns for modeling (or something like Fowler's phrase: analysis patterns). When we're developing a complex model, I bet its organizational structure plays a big role in the costs and risks of the modeling project -- just as complex software developed without using familiar design patterns will be more convoluted and take longer to develop, a scientific or engineering model that's developed with unfamiliar patterns will be hard to think and talk about.

Come to think of it, if we think of modeling as a kind of project, your notion of error might usefully be called "risk", and thought of in terms of its various components: risk of error (statistical or symbolic), risk of failure, risk of changing goals, &c. All the risks associated with project management.

I'd also like to riff, when time permits, about the openness of modeling efforts: say (in our bailiwick) the difference between a GA fitting parameters to a particular equation structure, and GP searching among equation structures. In that light, there seems to be another aspect of the modeling process unaccounted for in error and cost: requirements. Strangely enough... another word from project management.
 

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