• Title/Summary/Keyword: Demand Forecasting Model

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Forecasting of Chestnut's Supply and Demand by the Partial Equilibrium Market Model (부분균형 시장모델에 의한 밤 수급 예측)

  • Jung, Byung Heon;Kim, Eui Gyeong;Joo, Rin Won
    • Journal of Korean Society of Forest Science
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    • v.97 no.4
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    • pp.458-466
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    • 2008
  • This study was carried out to forecast long-term supply and demand of chestnut and to analyze the impacts of change in the environment of domestic and international chestnut markets. For these ends, the study developed a partial equilibrium market model, in which in-shelled chestnut market was vertically linked to shelled chestnut market. To examine the predictive ability of the model for the endogenous variables ex-post simulation was run for the period 1990 through 2003. In general, all endogenous variables reproduced the historical trends during the period except for disuse areas and newly established areas. The results of forecasting supply and demand show that domestic in-shelled chestnut production is estimated to decrease slightly from 76,447 ton in 2005 to 76,286 ton in 2020 and that exports of shelled chestnut continue to be decreased.

Weekly Maximum Electric Load Forecasting for 104 Weeks by Seasonal ARIMA Model (계절 ARIMA 모형을 이용한 104주 주간 최대 전력수요예측)

  • Kim, Si-Yeon;Jung, Hyun-Woo;Park, Jeong-Do;Baek, Seung-Mook;Kim, Woo-Seon;Chon, Kyung-Hee;Song, Kyung-Bin
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.28 no.1
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    • pp.50-56
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    • 2014
  • Accurate midterm load forecasting is essential to preventive maintenance programs and reliable demand supply programs. This paper describes a midterm load forecasting method using autoregressive integrated moving average (ARIMA) model which has been widely used in time series forecasting due to its accuracy and predictability. The various ARIMA models are examined in order to find the optimal model having minimum error of the midterm load forecasting. The proposed method is applied to forecast 104-week load pattern using the historical data in Korea. The effectiveness of the proposed method is evaluated by forecasting 104-week load from 2011 to 2012 by using historical data from 2002 to 2010.

Machine Learning-based hydrogen charging station energy demand prediction model (머신러닝 기반 수소 충전소 에너지 수요 예측 모델)

  • MinWoo Hwang;Yerim Ha;Sanguk Park
    • Journal of Internet Computing and Services
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    • v.24 no.2
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    • pp.47-56
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    • 2023
  • Hydrogen energy is an eco-friendly energy that produces heat and electricity with high energy efficiency and does not emit harmful substances such as greenhouse gases and fine dust. In particular, smart hydrogen energy is an economical, sustainable, and safe future smart hydrogen energy service, which means a service that stably operates based on 'data' by digitally integrating hydrogen energy infrastructure. In this paper, in order to implement a data-based hydrogen charging station demand forecasting model, three hydrogen charging stations (Chuncheon, Sokcho, Pyeongchang) installed in Gangwon-do were selected, supply and demand data of hydrogen charging stations were secured, and 7 machine learning and deep learning algorithms were used. was selected to learn a model with a total of 27 types of input data (weather data + demand for hydrogen charging stations), and the model was evaluated with root mean square error (RMSE). Through this, this paper proposes a machine learning-based hydrogen charging station energy demand prediction model for optimal hydrogen energy supply and demand.

A Study on the Tourism Combining Demand Forecasting Models for the Tourism in Korea (관광 수요를 위한 결합 예측 모형에 대한 연구)

  • Son, H.G.;Ha, M.H.;Kim, S.
    • The Korean Journal of Applied Statistics
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    • v.25 no.2
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    • pp.251-259
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    • 2012
  • This paper applies forecasting models such as ARIMA, Holt-Winters and AR-GARCH models to analyze daily tourism data in Korea. To evaluate the performance of the models, we need single and double seasonal models that compare the RMSE and SE for a better accuracy of the forecasting models based on Armstrong (2001).

A study on electricity demand forecasting based on time series clustering in smart grid (스마트 그리드에서의 시계열 군집분석을 통한 전력수요 예측 연구)

  • Sohn, Hueng-Goo;Jung, Sang-Wook;Kim, Sahm
    • The Korean Journal of Applied Statistics
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    • v.29 no.1
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    • pp.193-203
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    • 2016
  • This paper forecasts electricity demand as a critical element of a demand management system in Smart Grid environment. We present a prediction method of using a combination of predictive values by time series clustering. Periodogram-based normalized clustering, predictive analysis clustering and dynamic time warping (DTW) clustering are proposed for time series clustering methods. Double Seasonal Holt-Winters (DSHW), Trigonometric, Box-Cox transform, ARMA errors, Trend and Seasonal components (TBATS), Fractional ARIMA (FARIMA) are used for demand forecasting based on clustering. Results show that the time series clustering method provides a better performances than the method using total amount of electricity demand in terms of the Mean Absolute Percentage Error (MAPE).

A Study on the Forecasting Demand of Mobile Communication Services for each Frequency Band Using the Substitution of Next Generations (국내 이동통신서비스의 주파수 대역별 전환수요 예측에 관한 연구)

  • Jeong, Woo-Soo;Cho, Byoung-Sun;Ha, Young-Wook
    • Korean Management Science Review
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    • v.25 no.1
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    • pp.29-41
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    • 2008
  • In the mobile communication service market, this study represents an attempt to forecast the subscribers of the IMT-2000 service market using the questionnaire of experts which is the qualitative technique is used. In this study, by using the substitution model of next generations among products in order to analyze the IMT-2000 demand of service, a demand was predicted. And by estimating the market demand prospect in which it becomes the important factor of the IMT-2000 service diffusion according to each bandwidth frequency the politically necessary approaching direction about the frequency was presented. It will be able to become the important part to not only the business carrier but also the policy maker to examine a prospect toward the subscriber of the IMT-2000 service. As a result, the market demand was exposed to be most big when the SKT 800MHz, and the KTF 800(900)MHz were used as the additional frequency. And it was likely to reach to the IMT-2000 number of subscribers to about 35.750 thousand peoples in the future at 2015.

Development of Long-Term Electricity Demand Forecasting Model using Sliding Period Learning and Characteristics of Major Districts (주요 지역별 특성과 이동 기간 학습 기법을 활용한 장기 전력수요 예측 모형 개발)

  • Gong, InTaek;Jeong, Dabeen;Bak, Sang-A;Song, Sanghwa;Shin, KwangSup
    • The Journal of Bigdata
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    • v.4 no.1
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    • pp.63-72
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    • 2019
  • For power energy, optimal generation and distribution plans based on accurate demand forecasts are necessary because it is not recoverable after they have been delivered to users through power generation and transmission processes. Failure to predict power demand can cause various social and economic problems, such as a massive power outage in September 2011. In previous studies on forecasting power demand, ARIMA, neural network models, and other methods were developed. However, limitations such as the use of the national average ambient air temperature and the application of uniform criteria to distinguish seasonality are causing distortion of data or performance degradation of the predictive model. In order to improve the performance of the power demand prediction model, we divided Korea into five major regions, and the power demand prediction model of the linear regression model and the neural network model were developed, reflecting seasonal characteristics through regional characteristics and migration period learning techniques. With the proposed approach, it seems possible to forecast the future demand in short term as well as in long term. Also, it is possible to consider various events and exceptional cases during a certain period.

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Demand Forecasting by the Mobile RFID Service Model (모바일 RFID 서비스 모델에 따른 수요예측)

  • Park, Yong-Jae;Lim, Kwang-Sun
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2007.06a
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    • pp.495-498
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    • 2007
  • Recently, as REID Tag and Reader has been attached to, and wireless internet has been added to a mobile phone, the commercialization of Mobile RFID Service to obtain necessary information on daily life and use various applications by using mobile communication infra is drawing nearer. A new returns by Mobile RFID Service can be expected, however, the exact demand forecasting for the Mobile RFID Service is essential to induce mass investment from related communication enterprises. This study tries to get a foothold in enlarging the investment from related communication enterprises through demand forecasting for the Mobile RFID Service and to be helpful to the decision on their investment by predicting the demand on the service various Mobile RFID Service Models.

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Development of Daily Peak Power Demand Forecasting Algorithm with Hybrid Type composed of AR and Neuro-Fuzzy Model (자기회귀모델과 뉴로-퍼지모델로 구성된 하이브리드형태의 일별 최대 전력 수요예측 알고리즘 개발)

  • Park, Yong-San;Ji, Pyeong-Shik
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.63 no.3
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    • pp.189-194
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    • 2014
  • Due to the increasing of power consumption, it is difficult to construct accurate prediction model for daily peak power demand. It is very important work to know power demand in next day for manager and control power system. In this research, we develop a daily peak power demand prediction method based on hybrid type composed of AR and Neuro-Fuzzy model. Using data sets between 2006 and 2010 in Korea, the proposed method has been intensively tested. As the prediction results, we confirm that the proposed method makes it possible to effective estimate daily peak power demand than conventional methods.