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CRITERIA FOR ASSESSING MODEL VALIDITY FOR MANAGERIAL PURPOSES *
Author(s) -
Schellenberger Robert E.
Publication year - 1974
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1974.tb00643.x
Subject(s) - scrutiny , set (abstract data type) , computer science , external validity , criterion validity , management science , work (physics) , operations research , construct validity , psychology , psychometrics , mathematics , social psychology , political science , economics , mechanical engineering , clinical psychology , law , programming language , engineering
Very little work has been done in developing a systematic and exhaustive set of criteria which can be used for assessing model validity from a managerial standpoint. Most of the other published work in this area focuses on an individual criterion, such as sensitivity analysis. This manuscript offers a set of criteria making that assessment. The following three basic kinds of validity are proposed: (1) technical validity; (2) operational validity; and (3) dynamic validity. Each has a number of subcriteria which are identified and discussed. Some of these criteria are quantifiable, and some are not. Each of the criterion identified is discussed in relatively broad terms, with brief examples. One of the purposes of this paper is to draw attention to an area worthy of further investigation. Perhaps further scrutiny will generate a truly systematic and exhaustive set of criteria. It is also hoped that further attention will lead to clarification of the criteria identified.