In this paper we introduce a calibration procedure for validating of agent based models. Starting from the well …-known financial model of Brock and Hommes 1998, we show how an appropriate calibration enables the model to describe price time series …. We formulate the calibration problem as a nonlinear constrained optimization that can be solved numerically via a …

simulation such as the choice of estimation criteria, calibration to benchmarks and model validation. Some of these issues are …Micro simulation involves modeling the behavior of individuals and other decision units taking into account the effects … more traditional economic analysis both of which have pros and cons. Micro simulation is demanding in terms of modeling …

Using the Mike11 modeling system by the Danish Hydraulic Institute, a detailed model of the Rideau Valley Watershed was … validation. Various methods, both qualitative and quantitative, were used to evaluate the model performance. It was found that …

A detailed hydrodynamic model of the Lower Rideau River system has been constructed using the Mike11 modeling system of …

using Soil Water Assessment Tool. Sequential uncertainty fitting (SUFI-2) algorithm has been applied for model calibration …-factor, Correlation coefficient and Nash-Sutcliffe coefficients with values of 0.73, 0.42, 0.82, 0.80 during calibration (1992–2000) and 0 ….42, 0.36, 0.96, 0.93 during validation (2001–2005) respectively. PRECIS generated outputs under IPCC A1B Scenarios for …

calibration and validation. This model is now being used for various watershed management purposes, including synthetic hydrograph …An integrated hydrologic/hydraulic model of the Kemptville Creek basin has been built using the Mike11 modeling system … accuracy, and the low flows less satisfactorily. Additional (split-sample) validation tests were conducted for another two five …