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, th..