Proofreading/editing in protein synthesis is essential for accurate
translation of information from the genetic code. In this article we present a
theoretical investigation of efficiency of a kinetic proofreading mechanism
that employs hydrolysis of the wrong substrate as the discriminatory step in
enzyme catalytic reactions. We consider aminoacylation of tRNA^{Ile} which is a
crucial step in protein synthesis and for which experimental results are now
available. We present an augmented kinetic scheme and then employ methods of
stochastic simulation algorithm to obtain time dependent concentrations of
different substances involved in the reaction and their rates of formation. We
obtain the rates of product formation and ATP hydrolysis for both correct and
wrong substrates (isoleucine and valine in our case), in single molecular
enzyme as well as ensemble enzyme kinetics. The present theoretical scheme
correctly reproduces (i) the amplitude of the discrimination factor in the
overall rates between isoleucine and valine which is obtained as (1.8 \times
10^2).(4.33 \times 10^2) = 7.8 \times 10^4, (ii) the rates of ATP hydrolysis
for both Ile and Val at different substrate concentrations in the
aminoacylation of tRNA^{Ile}. The present study shows a non-michaelis type
dependence of rate of reaction on tRNA^{Ile} concentration in case of valine.
The editing in steady state is found to be independent of amino acid
concentration. Interestingly, the computed ATP hydrolysis rate for valine at
high substrate concentration is same as the rate of formation of Ile-tRNA^{Ile}
whereas at intermediate substrate concentration the ATP hydrolysis rate is
relatively low