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1.3. Evaluation of models

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  • Labys, Walter C.

Abstract

This section addresses the important issue of how business managers and government planners can gain confidence in using engineering-economic models as part of the decision making and planning process. Purposes and methods of model evaluation are discussed from the viewpoint of the modeling methodologies employed and the nature of the model validation procedures applied to them.

Suggested Citation

  • Labys, Walter C., 1990. "1.3. Evaluation of models," Energy, Elsevier, vol. 15(3), pages 155-162.
    • Handle: RePEc:eee:energy:v:15:y:1990:i:3:p:155-162
    DOI: 10.1016/0360-5442(90)90079-H
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    References listed on IDEAS

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    1. Labys, Walter C., 1982. "Measuring the validity and performance of energy models," Energy Economics, Elsevier, vol. 4(3), pages 159-168, July.
    2. Lester D. Taylor, 1975. "The Demand for Electricity: A Survey," Bell Journal of Economics, The RAND Corporation, vol. 6(1), pages 74-110, Spring.
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