Abstract
Validation is the most incomprehensible part of developing a model. Nevetheless, no model can be accepted unless it has passed the tests of validation, since the procedure of validation is vital to ascertain the credibility of the model. Validation procedures are usually framework based and dynamic, but a methodical procedure can be followed by a modeller (researcher) in order to authenticate the model. The paper starts with a discussion on the views and burning issues by various researchers on model validation and the foundational terminology involved. The paper later highlights on the methodology and the process of validation adopted. Reasons for the failure of the model have also been explored. The paper finally focuses on the widely approved validation schemes (both quantitative and qualitative) and techniques in practice, since no one test can determine the credibility and validity of a simulation model. Moreover, as the model passes more tests (both quantitative and qualitative) the confidence in the model increases correspondingly.
| Original language | English |
|---|---|
| Pages (from-to) | 39-46 |
| Number of pages | 8 |
| Journal | Electronic Journal of Business Research Methods |
| Volume | 4 |
| Issue number | 1 |
| Publication status | Published - 01-11-2006 |
| Externally published | Yes |
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All Science Journal Classification (ASJC) codes
- Business and International Management
- Strategy and Management
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Validation of simulation based models : A theoretical outlook. / Martis, Morvin Savio.
In: Electronic Journal of Business Research Methods, Vol. 4, No. 1, 01.11.2006, p. 39-46.Research output: Contribution to journal › Article
TY - JOUR
T1 - Validation of simulation based models
T2 - A theoretical outlook
AU - Martis, Morvin Savio
PY - 2006/11/1
Y1 - 2006/11/1
N2 - Validation is the most incomprehensible part of developing a model. Nevetheless, no model can be accepted unless it has passed the tests of validation, since the procedure of validation is vital to ascertain the credibility of the model. Validation procedures are usually framework based and dynamic, but a methodical procedure can be followed by a modeller (researcher) in order to authenticate the model. The paper starts with a discussion on the views and burning issues by various researchers on model validation and the foundational terminology involved. The paper later highlights on the methodology and the process of validation adopted. Reasons for the failure of the model have also been explored. The paper finally focuses on the widely approved validation schemes (both quantitative and qualitative) and techniques in practice, since no one test can determine the credibility and validity of a simulation model. Moreover, as the model passes more tests (both quantitative and qualitative) the confidence in the model increases correspondingly.
AB - Validation is the most incomprehensible part of developing a model. Nevetheless, no model can be accepted unless it has passed the tests of validation, since the procedure of validation is vital to ascertain the credibility of the model. Validation procedures are usually framework based and dynamic, but a methodical procedure can be followed by a modeller (researcher) in order to authenticate the model. The paper starts with a discussion on the views and burning issues by various researchers on model validation and the foundational terminology involved. The paper later highlights on the methodology and the process of validation adopted. Reasons for the failure of the model have also been explored. The paper finally focuses on the widely approved validation schemes (both quantitative and qualitative) and techniques in practice, since no one test can determine the credibility and validity of a simulation model. Moreover, as the model passes more tests (both quantitative and qualitative) the confidence in the model increases correspondingly.
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UR - http://www.scopus.com/inward/citedby.url?scp=50549083557&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:50549083557
VL - 4
SP - 39
EP - 46
JO - Electronic Journal of Business Research Methods
JF - Electronic Journal of Business Research Methods
SN - 1477-7029
IS - 1
ER -