Validation of simulation based models

A theoretical outlook

Morvin Savio Martis

Research output: Contribution to journalArticle

53 Citations (Scopus)

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 languageEnglish
Pages (from-to)39-46
Number of pages8
JournalElectronic Journal of Business Research Methods
Volume4
Issue number1
Publication statusPublished - 01-11-2006
Externally publishedYes

Fingerprint

Simulation
Credibility
Model validation
Methodology
Simulation model
Confidence

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Strategy and Management

Cite this

@article{bff46d700f234c98b14fce6b9c0ea4a4,
title = "Validation of simulation based models: A theoretical outlook",
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.",
author = "Martis, {Morvin Savio}",
year = "2006",
month = "11",
day = "1",
language = "English",
volume = "4",
pages = "39--46",
journal = "Electronic Journal of Business Research Methods",
issn = "1477-7029",
publisher = "Academic Publishing Limited",
number = "1",

}

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 journalArticle

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.

UR - http://www.scopus.com/inward/record.url?scp=50549083557&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=50549083557&partnerID=8YFLogxK

M3 - Article

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 -