• Title/Summary/Keyword: Business Forecasting

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Economic Forecasting under the Korean Currency Crisis: Short-term Forecasting of GDP with Business Survey Data (외환위기하에 경제예측 -기업경기실사지수를 이용한 GDP 단기예측-)

  • 이긍희
    • The Korean Journal of Applied Statistics
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    • v.12 no.2
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    • pp.397-404
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    • 1999
  • 1997년말 발생한 외환위기 이후 불확실성의 증대로 시계열모형을 이용한 경제예측에 한계가 노정되고 있다. 이를 극복하기 위하여 경제주체의 기대(expectation)를 파악할수 있는 기업경기실사지수를 경제예측에 도입할 필요가 있다. 본고에서는 기업경기실사지수를 이용한 모형과 시계열모형을 추정하고 이들을 예측력 측면에서 비교, 분석해보았다. 분석결과 불확실성이 높았던 외환위기이후 기간에는 기업경기실사지수를 이용한 모형이 시계열모형보다 예측력면에서 우수한 것으로 나타났다.

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A Study on the Short-Term Demand Forecasing System of the Construction Materials for Concrete (콘크리트용 건설자재의 단기수요 예측모형에 관한 연구)

  • 최민수;김무한
    • Proceedings of the Korea Concrete Institute Conference
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    • 1991.10a
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    • pp.146-151
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    • 1991
  • In recent years a reasonable supply and demand plan of construction materials which is based upon an accurate forecast has been greatly required to prevent construction works from delaying and slapdash. To meet an above requirement, a short-term forecasting system of construction materials, in this paper, is established, which is approached in engineering aspect and emerged from conventional forecasting systems. The major considerations in setting up this system are the distributed lag of consrection business indicators and seasonal variations in consumption of constuction materials.

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Wind Power Pattern Forecasting Based on Projected Clustering and Classification Methods

  • Lee, Heon Gyu;Piao, Minghao;Shin, Yong Ho
    • ETRI Journal
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    • v.37 no.2
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    • pp.283-294
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    • 2015
  • A model that precisely forecasts how much wind power is generated is critical for making decisions on power generation and infrastructure updates. Existing studies have estimated wind power from wind speed using forecasting models such as ANFIS, SMO, k-NN, and ANN. This study applies a projected clustering technique to identify wind power patterns of wind turbines; profiles the resulting characteristics; and defines hourly and daily power patterns using wind power data collected over a year-long period. A wind power pattern prediction stage uses a time interval feature that is essential for producing representative patterns through a projected clustering technique along with the existing temperature and wind direction from the classifier input. During this stage, this feature is applied to the wind speed, which is the most significant input of a forecasting model. As the test results show, nine hourly power patterns and seven daily power patterns are produced with respect to the Korean wind turbines used in this study. As a result of forecasting the hourly and daily power patterns using the temperature, wind direction, and time interval features for the wind speed, the ANFIS and SMO models show an excellent performance.

Developing Optimal Demand Forecasting Models for a Very Short Shelf-Life Item: A Case of Perishable Products in Online's Retail Business

  • Wiwat Premrudikul;Songwut Ahmornahnukul;Akkaranan Pongsathornwiwat
    • Journal of Information Technology Applications and Management
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    • v.30 no.3
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    • pp.1-13
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    • 2023
  • Demand forecasting is a crucial task for an online retail where has to manage daily fresh foods effectively. Failing in forecasting results loss of profitability because of incompetent inventory management. This study investigated the optimal performance of different forecasting models for a very short shelf-life product. Demand data of 13 perishable items with aging of 210 days were used for analysis. Our comparison results of four methods: Trivial Identity, Seasonal Naïve, Feed-Forward and Autoregressive Recurrent Neural Networks (DeepAR) reveals that DeepAR outperforms with the lowest MAPE. This study also suggests the managerial implications by employing coefficient of variation (CV) as demand variation indicators. Three classes: Low, Medium and High variation are introduced for classify 13 products into groups. Our analysis found that DeepAR is suitable for medium and high variations, while the low group can use any methods. With this approach, the case can gain benefit of better fill-rate performance.

Forecasting of new businesses after restructuring of power industry

  • Koo, Young-Duk;Kim, Eun-Sun;Park, Young-Seo
    • Journal of information and communication convergence engineering
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    • v.2 no.2
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    • pp.116-118
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    • 2004
  • In the power industry after restructuring of Power industry will be appeared on-site type business, power retail sales business, and power wholesales business, power dealing business, customer inclination business & delivery of power facilities. Among them, power trade business, customer inclination business and on-site type business will be rapidly increased and occupied attention. In addition, it is forecasted to advent the broker, provider, market place, power marketer, system operator and generator as a main player. Meanwhile, it needs protection of existing power industry and activation of new energy market for accomplishment of restructuring of power industry.

A Development of Construction Industry Production Index(CIPI) with Temperature Effects (기온효과를 고려한 건설업생산지수 예측모델 개발)

  • Kim, Seok-Jong;Kim, Hyun-Woo;Chin, Kyung-Ho;Jang, Han-Ik
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.103-112
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    • 2013
  • After 1990s, the influence of construction industry has been decreased on national economy and construction business condition has been changed on economic recession and boom repeatedly. Larger fluctuation of business condition makes a forecast of it to be more difficult. Uncertainty in business prediction results in damages on construction companies and stakeholders. Therefore, study on forecasting a construction business is very important. This study suggests the Construction Industry Production Index(CIPI) to predict a construction business in consider of temperature effects. The results show that construction business is much influenced by temperature effects certainly and GDP. With the CBFM, this study examines CIPI for 2013 with two scenarios: 1)with GDP growth rate of 3.5% 2)with GDP growth rate of 2.4%. Thus, CIPI would be used as the economic state index to display the construction business conditions. Also, CIPI will be utilized as basic methodology in the impact of climate change in the construction industry.

Design and Implementation of Management Planning System based on Rolling Forecasting (Rolling Forecasting 기반의 경영계획시스템 설계와 구현)

  • Shin Eui-Jae;Kim Jin-Woo
    • Proceedings of the Korea Information Processing Society Conference
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    • 2006.05a
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    • pp.517-520
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    • 2006
  • 기업내부의 최적화를 위하여 도입 된 ERP 는 급변하는 경영환경을 반영하여 전략적 수단으로 기능하는데 까지 발전하여 왔으며, 현재에는 다른 시스템이나 경영 도구들과의 연계성이 더욱 강조되고 있다. 특히 확장된 ERP 의한 영역인 SEM(Strategic Enterprise Management)은 각 기업들이 성과평가와 시나리오 경영 등 최신 경영도구들의 본격적인 도입으로 각광받고 있으며, 경영계획 및 시뮬레이션(BPS : Business Planning & simulation), 경영 통합 및 소싱(BCS : Business Consolidation & Sourcing), 기업실적 모니터(CPM : Corporate Performance Monitor), 이해당사자 관계관리(SRM : Stakeholder Relationship Management) 등의 세부 시스템으로 구성된다. 특히 경영계획 시스템은 개선된 경영계획 프로세스 모델과 시뮬레이션을 바탕으로 구현될 수 있으며, 본 논문에서는 경영계획 프로세스 모델을 바탕으로 이를 시스템화 하기 위한 경영계획 시뮬레이션 시스템 아키텍처와 User Interface를 제안하였다.

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Analyzing the Supply and Demand Structure of the Korean Flatfish Aquaculture Market : A System Dynamics Approach (시스템다이내믹스기법을 이용한 우리나라 양식넙치시장의 수급구조 분석)

  • Park, Byung-In
    • The Journal of Fisheries Business Administration
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    • v.39 no.1
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    • pp.17-42
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    • 2008
  • This study tried to build a structure model for the Korean flatfish aquaculture market by a system dynamics approach. A pool of several factors to influence the market structure was built. In addition, several reasonable factors related to the flatfish aquaculture market were selected to construct the causal loop diagram (CLD). Then the related stock/flow diagrams of the causal loop diagrams were constructed. This study had been forecasting a production price and supply, demand, and consumption volume for the flatfish market by a monthly basis, and then made some validation to the forecasting. Finally, four governmental policies such as import, storage, reduction of input, and demand control were tentatively evaluated by the created model. As a result, the facts that the demand control policy is most effective, and import and storage policies are moderately effective were found.

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A case study to Regression Analysis using Artificial Neural Network (인공신경망을 이용한 회귀분석 사례 조사)

  • Kim, Jie-Hyun;Ree, Sang-Bok
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2010.04a
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    • pp.402-408
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    • 2010
  • Forecasting have qualitative and quantitative methods. Quantitative one analyze macro-economic factors such as the rate of exchange, oil price, interest rate and also predict the micro-economic factors such as sales and demands. Applying various statistical methods depends on the type of data. when data has seasonality and trend, Time Series analysis is proper but when it has casual relation, Regression analysis is good for this. Time Series and Regression can be used together. This study investigate artificial neural networks which is predictive technique for casual relation and try to compare the accuracy of forecasting between regression analysis and artificial neural network.

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A Study on the Measurement of Voluntary Disclosure Quality Using Real-Time Disclosure By Programming Technology

  • Shin, YeounOuk;Kim, KiBum
    • International journal of advanced smart convergence
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    • v.7 no.2
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    • pp.86-94
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    • 2018
  • This study focuses on presenting the IT program module provided by real - time forecasting and database of the voluntary disclosure quality measure in order to solve the problem of capital cost due to information asymmetry of external investors and corporate executives. This study suggests a model of the algorithm that the quality of real - time voluntary disclosure can be provided to all investors immediately by IT program in order to deliver the meaningful value in the domestic capital market. This is a method of generating and analyzing real-time or non-real-time prediction models by transferring the predicted estimates delivered to the Big Data Log Analysis System through the statistical DB to the statistical forecasting engine.