Model based analysis or explicit definition/listing of all models/assumptions used in the derivation of a pan-sharpening method allows us to understand the rationale or properties of existing methods and shows a way for a proper usage or proposal/selection of new methods ‘better’ satisfying the needs of a particular application. Most existing pan-sharpening methods are based mainly on the two models/assumptions: spectral consistency for high resolution multispectral data (physical relationship between multispectral and panchromatic data in a high resolution scale) and spatial consistency for multispectral data (so-called Wald’s protocol first property or relationship between multispectral data in different resolution scales). Two methods, one based on a linear unmixing model and another one based on spatial unmixing, are described/proposed/modified which respect models assumed and thus can produce correct or physically justified fusion results. Earlier mentioned property ‘better’ should be measurable quantitatively, e.g. by means of so-called quality measures. The difficulty of a quality assessment task in multi-resolution image fusion or pan-sharpening is that a reference image is missing. Existing measures or so-called protocols are still not satisfactory because quite often the rationale or assumptions used are not valid or not fulfilled. From a model based view it follows naturally that a quality assessment measure can be defined as a combination of error model residuals using common or general models assumed in all fusion methods. Thus in this paper a comparison of the two earlier proposed/modified pan-sharpening methods is performed. Preliminary experiments based on visual analysis are carried out in the urban area of Munich city for optical remote sensing multispectral data and panchromatic imagery of the WorldView-2 satellite sensor.