IDEAS home Printed from https://ideas.repec.org/p/ags/umaesp/14064.html
   My bibliography  Save this paper

Socioeconomic Models For Development Planning, I: Validatioin Methods

Author

Listed:
  • Maki, Wilbur R.

Abstract

The purpose of this paper is to assess alternate strategies of socioeconomic model validation. An extensive literature review provided the delineation of validation methods and, also, brief summaries of each type of validation. Finally, personal experience in the implementation and use of regional economic impact forecasting and simulation systems was used in outlining the structure and the steps of play of a simulation/gaming model for testing the validation methods listed earlier.

Suggested Citation

  • Maki, Wilbur R., 1981. "Socioeconomic Models For Development Planning, I: Validatioin Methods," Staff Papers 14064, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:14064
    DOI: 10.22004/ag.econ.14064
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/14064/files/20968.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.14064?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Maki, Wilbur R. & Meagher, Patrick D. & Laulainen, Leonard A., Jr. & Chen, Mason, 1979. "Users' Guide To The Minnesota Regional Development Simulation Laboratory," Staff Papers 14011, University of Minnesota, Department of Applied Economics.
    2. Maki, Wilbur R., 1979. "Regional Economic Forecasts For Water And Land Resources Planning. I. Forecast System," Staff Papers 14259, University of Minnesota, Department of Applied Economics.
    3. Maki, Wilbur R. & Dorf, Ronald J. & Lichty, Richard W., 1977. "Users' Guide To Economic Forecasting Systems For State Policy Development," Staff Papers 13391, University of Minnesota, Department of Applied Economics.
    4. Maki, Wilbur R., 1979. "Regional Economic Forecasts For Water And Land Resource Planning: Ii. Forecast Series: Minnesota," Staff Papers 13620, University of Minnesota, Department of Applied Economics.
    5. John D. C. Little, 1970. "Models and Managers: The Concept of a Decision Calculus," Management Science, INFORMS, vol. 16(8), pages 466-485, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maki, Wilbur R., 1981. "Minnesota'S Shift To Services: Its Impact On Jobs, Income, And Taxes," Staff Papers 13717, University of Minnesota, Department of Applied Economics.
    2. McCown, R. L., 2002. "Changing systems for supporting farmers' decisions: problems, paradigms, and prospects," Agricultural Systems, Elsevier, vol. 74(1), pages 179-220, October.
    3. Zhong, Tao & Young, Rhonda, 2010. "Multiple Choice Knapsack Problem: Example of planning choice in transportation," Evaluation and Program Planning, Elsevier, vol. 33(2), pages 128-137, May.
    4. Harikesh S. Nair & Sanjog Misra & William J. Hornbuckle IV & Ranjan Mishra & Anand Acharya, 2017. "Big Data and Marketing Analytics in Gaming: Combining Empirical Models and Field Experimentation," Marketing Science, INFORMS, vol. 36(5), pages 699-725, September.
    5. Borgonovo, E., 2010. "Sensitivity analysis with finite changes: An application to modified EOQ models," European Journal of Operational Research, Elsevier, vol. 200(1), pages 127-138, January.
    6. Murdock, Steve H. & Leistritz, F. Larry & Jones, Lonnie L., 1979. "Interfacing Economic and Demographic Models for Rural Areas: Design and Methodological Considerations," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 11(1), pages 139-144, July.
    7. Linda Ellis Johnson & Arnold L. Redman & John R. Tanner, 1997. "Utilization and Application of Business Computing Systems in Corporate Real Estate," Journal of Real Estate Research, American Real Estate Society, vol. 13(2), pages 211-230.
    8. George, Morris & Kumar, V. & Grewal, Dhruv, 2013. "Maximizing Profits for a Multi-Category Catalog Retailer," Journal of Retailing, Elsevier, vol. 89(4), pages 374-396.
    9. J. S. Armstrong & R. Brodie & S. McIntyre, 2005. "Forecasting Methods for Marketing:* Review of Empirical Research," General Economics and Teaching 0502023, University Library of Munich, Germany.
    10. Tyson R. Browning, 2009. "The many views of a process: Toward a process architecture framework for product development processes," Systems Engineering, John Wiley & Sons, vol. 12(1), pages 69-90, March.
    11. Wiesel, Thorsten & Skiera, Bernd & Villanueva, Julian, 2011. "Customer Lifetime Value and Customer Equity Models Using Company-reported Summary Data," Journal of Interactive Marketing, Elsevier, vol. 25(1), pages 20-22.
    12. Maki, Wilbur R. & Stenberg, Peter L. & Chen, Mason, 1980. "Economic Importance Of Export-Producing Industry In Minneapolis-St. Paul Metropolitan Region," Staff Papers 13309, University of Minnesota, Department of Applied Economics.
    13. Fuglseth, A. M. & Grønhaug, K., 1997. "IT-enabled redesign of complex and dynamic business processes: the case of bank credit evaluation," Omega, Elsevier, vol. 25(1), pages 93-106, February.
    14. David A McDonald, 2016. "The weight of water: Benchmarking for public water services," Environment and Planning A, , vol. 48(11), pages 2181-2200, November.
    15. Stefan N. Groesser & Niklas Jovy, 2016. "Business model analysis using computational modeling: a strategy tool for exploration and decision-making," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 27(1), pages 61-88, February.
    16. Peter S. Whalen & Samuel S. Holloway, 2012. "Effectual marketing planning for new ventures," AMS Review, Springer;Academy of Marketing Science, vol. 2(1), pages 34-43, March.
    17. Hämäläinen, Raimo P. & Lahtinen, Tuomas J., 2016. "Path dependence in Operational Research—How the modeling process can influence the results," Operations Research Perspectives, Elsevier, vol. 3(C), pages 14-20.
    18. Donald G. Morrison & Jagmohan S. Raju, 2004. "50th Anniversary Article: The Marketing Department in Management Science: Its History, Contributions, and the Future," Management Science, INFORMS, vol. 50(4), pages 425-428, April.
    19. de Brentani, Ulrike, 1995. "New industrial service development: Scenarios for success and failure," Journal of Business Research, Elsevier, vol. 32(2), pages 93-103, February.
    20. Ali A. Yassine & Luke A. Wissmann, 2007. "The Implications of Product Architecture on the Firm," Systems Engineering, John Wiley & Sons, vol. 10(2), pages 118-137, June.

    More about this item

    Keywords

    Community/Rural/Urban Development;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:umaesp:14064. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/daumnus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.