Title
Verification-Validation Of An Economic-Process Model For Electric-Power Generation In The United-States
Abstract
The purpose of this paper is to report how a verification/validation effort was completed for an economic process model of electric power generation in the United States. Primary emphasis in this effort was directed to replicating historical statistics in the 1965–69 and 1970–74 periods. This application effort was accomplished by working toward meaningful replication first for the South Central and Middle Atlantic Regions and second for a 16-region delineation of the contiguous 48 states. Results of both phases show least-cost solutions of the model, as revised in the effort, replicate well statistics for important categories of fuel use and capacity investments. In 6 aggregated regions, the modeling solutions explained 97% of the variance in coal use in 1969 and 93% of the variance in coal use in 1974. Also, the capacity investment solutions of the model explained 70% and 84% of the variance in coal investments in 1969 and 1974, respectively. In addition, solutions of the model seem to match unfolding fuel use and capacity investment trends very well for the 1975–85 period.
Year
DOI
Venue
1981
10.1016/0305-0548(81)90018-6
COMPUTERS & OPERATIONS RESEARCH
DocType
Volume
Issue
Journal
8
4
ISSN
Citations 
PageRank 
0305-0548
3
1.55
References 
Authors
1
3
Name
Order
Citations
PageRank
F. D. Singleton Jr.131.89
Sankar Muthukrishnan231.55
russell g thompson34935.64