ASSET is a physics-based model used to generate synthetic data sets of wide field of view (WFOV) electro-optical and infrared (EO/IR) sensors with realistic radiometric properties, noise characteristics, and sensor artifacts. It was developed to meet the need for applications where precise knowledge of the underlying truth is required but is impractical to obtain for real sensors. For example, due to accelerating advances in imaging technology, the volume of data available from WFOV EO/IR sensors has drastically increased over the past several decades, and as a result, there is a need for fast, robust, automatic detection and tracking algorithms. Evaluation of these algorithms is difficult for objects that traverse a wide area (100-10,000 km) because obtaining accurate truth for the full object trajectory often requires costly instrumentation. Additionally, tracking and detection algorithms perform differently depending on factors such as the object kinematics, environment, and sensor configuration. A variety of truth data sets spanning these parameters are needed for thorough testing, which is often cost prohibitive. The use of synthetic data sets for algorithm development allows for full control of scene parameters with full knowledge of truth. However, in order for analysis using synthetic data to be meaningful, the data must be truly representative of real sensor collections. ASSET aims to provide a means of generating such representative data sets for WFOV sensors operating in the visible through thermal infrared. The work reported here describes the ASSET model, as well as provides validation results from comparisons to laboratory imagers and satellite data (e.g. Landsat-8).