The model has several levels, though they are almost completely different from Melchuk's:
Level 1: text/phonology.
The parser receives it as an input and then produces
Level 2: constructions.
The contiguous text is separated into constructions of all sizes, from morphological to complex syntactical ones. Basic constructions are (mostly) word stems, complex constructions combine the simpler ones. The structure is most probably a tree though not necessarily. Each construction may have information structure. Constructions are ordered and considered to be executable in that order. Being executed, they give us
Level 3: semantics: a program.
In some general-purpose (programming) language with well-defined semantics and model. The model probably consists of local variables (max. 4-7), salient context and general memory, which is organized as a graph of frames and represents the listener's knowledge of the world. The language is imperative, object-oriented and almost lacks any control flow, being very linear. The basic instructions are frame creation and assignments to local variables or frame slots. If we execute this semantics program, we'll get
Level 4: change in the frame structure in the memory.
Which means change in the listener's knowledge of the world. Actually, the change may be greater than we expect looking at the semantics program. Every its simple instruction may cause significant changes that are not directly encoded in that program. This is what we call pragmatics.
We've done! Though it's worth noting that the built frames might well encode a sequence of actions (e.g. cooking recipe), which can also be executed via interpretation and result in real listener's actions in the real world.