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Verification and validation (V&V) of simulation models are discussed in this paper. Different approaches to deciding model validity are described and a graphical paradigm that relates V&V to the model development process is presented and explained. Conceptual model validity, model verification, operational validity, and data validity are discussed, documentation is briefly covered, and a recommended procedure for model validation is presented. References for further information are provided when the various aspects of conducting V&V of simulation models are discussed.
Robert G. Sargent (Mon,) studied this question.