• Title/Summary/Keyword: Demand Forecasting Model

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Development of Demand Forecasting Algorithm in Smart Factory using Hybrid-Time Series Models (Hybrid 시계열 모델을 활용한 스마트 공장 내 수요예측 알고리즘 개발)

  • Kim, Myungsoo;Jeong, Jongpil
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.19 no.5
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    • pp.187-194
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    • 2019
  • Traditional demand forecasting methods are difficult to meet the needs of companies due to rapid changes in the market and the diversification of individual consumer needs. In a diversified production environment, the right demand forecast is an important factor for smooth yield management. Many of the existing predictive models commonly used in industry today are limited in function by little. The proposed model is designed to overcome these limitations, taking into account the part where each model performs better individually. In this paper, variables are extracted through Gray Relational analysis suitable for dynamic process analysis, and statistically predicted data is generated that includes characteristics of historical demand data produced through ARIMA forecasts. In combination with the LSTM model, demand forecasts can then be calculated by reflecting the many factors that affect demand forecast through an architecture that is structured to avoid the long-term dependency problems that the neural network model has.

A Study on the Prediction of Power Demand for Electric Vehicles Using Exponential Smoothing Techniques (Exponential Smoothing기법을 이용한 전기자동차 전력 수요량 예측에 관한 연구)

  • Lee, Byung-Hyun;Jung, Se-Jin;Kim, Byung-Sik
    • Journal of Korean Society of Disaster and Security
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    • v.14 no.2
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    • pp.35-42
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    • 2021
  • In order to produce electric vehicle demand forecasting information, which is an important element of the plan to expand charging facilities for electric vehicles, a model for predicting electric vehicle demand was proposed using Exponential Smoothing. In order to establish input data for the model, the monthly power demand of cities and counties was applied as independent variables, monthly electric vehicle charging stations, monthly electric vehicle charging stations, and monthly electric vehicle registration data. To verify the accuracy of the electric vehicle power demand prediction model, we compare the results of the statistical methods Exponential Smoothing (ETS) and ARIMA models with error rates of 12% and 21%, confirming that the ETS presented in this paper is 9% more accurate as electric vehicle power demand prediction models. It is expected that it will be used in terms of operation and management from planning to install charging stations for electric vehicles using this model in the future.

A Study on Forecasting of Inter-Korea Air Passenger Demand Using System Dynamics (시스템 다이내믹스를 이용한 남북한 항공수요 예측에 관한 연구)

  • JiHun Choi;Donguk Won;KyuWang Kim
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.30 no.4
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    • pp.65-75
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    • 2022
  • This study aims to forecast of Air Passenger Demand between South Korea and North Korea using the system dynamics analysis methodology that is based on the system thinking. System dynamics is not only a tool that makes the systematic thought to a model but also a computer program-based analysis methodology that mathematically models the system varying according to time variation. This study analyzed the causal relationship based on the interrelation among variables and structured them by considering various variables that affect aviation cooperation from the perspective of Air passenger demand forecasting. In addition, based on the causal relationship between variables, this study also completed the causal loop diagram that forms a feedback loop, constructed the stock-flow diagram of Inter-Korean model using Vensim program. In this study, Air passenger demand was using by the simulation variable value into System Dynamics. This study was difficult to reflect the various variables constituting the North Korea environment, and there is a limit to the occurrence of events in North Korea.

Short-term Peak Power Demand Forecasting using Model in Consideration of Weather Variable (기상 변수를 고려한 모델에 의한 단기 최대전력수요예측)

  • 고희석;이충식;최종규;지봉호
    • Journal of the Institute of Convergence Signal Processing
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    • v.2 no.3
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    • pp.73-78
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    • 2001
  • BP neural network model and multiple-regression model were composed for forecasting the special-days load. Special-days load was forecasted using that neural network model made use of pattern conversion ratio and multiple-regression made use of weekday-change ratio. This methods identified the suitable as that special-days load of short and long term was forecasted with the weekly average percentage error of 1∼2[%] in the weekly peak load forecasting model using pattern conversion ratio. But this methods were hard with special-days load forecasting of summertime. therefore it was forecasted with the multiple-regression models. This models were used to the weekday-change ratio, and the temperature-humidity and discomfort-index as explanatory variable. This methods identified the suitable as that compared forecasting result of weekday load with forecasting result of special-days load because months average percentage error was alike. And, the fit of the presented forecast models using statistical tests had been proved. Big difficult problem of peak load forecasting had been solved that because identified the fit of the methods of special-days load forecasting in the paper presented.

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Port Volume Anomaly Detection Using Confidence Interval Estimation Based on Time Series Analysis (시계열 분석 기반 신뢰구간 추정을 활용한 항만 물동량 이상감지 방안)

  • Ha, Jun-Su;Na, Joon-Ho;Cho, Kwang-Hee;Ha, Hun-Koo
    • Journal of Korea Port Economic Association
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    • v.37 no.1
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    • pp.179-196
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    • 2021
  • Port congestion rate at Busan Port has increased for three years. Port congestion causes container reconditioning, which increases the dockyard labor's work intensity and ship owner's waiting time. If congestion is prolonged, it can cause a drop in port service levels. Therefore, this study proposed an anomaly detection method using ARIMA(Autoregressive Integrated Moving Average) model with the daily volume data from 2013 to 2020. Most of the research that predicts port volume is mainly focusing on long-term forecasting. Furthermore, studies suggesting methods to utilize demand forecasting in terms of port operations are hard to find. Therefore, this study proposes a way to use daily demand forecasting for port anomaly detection to solve the congestion problem at Busan port.

Safety Critical I&C Component Inventory Management Method for Nuclear Power Plant using Linear Data Analysis Technic

  • Jung, Jae Cheon;Kim, Haek Yun
    • Journal of the Korean Society of Systems Engineering
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    • v.16 no.1
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    • pp.84-97
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    • 2020
  • This paper aims to develop an optimized inventory management method for safety critical Instrument and Control (I&C) components. In this regard, the paper focuses on estimating the consumption rate of I&C components using demand forecasting methods. The target component for this paper is the Foxboro SPEC-200 controller. This component was chosen because it has highest consumption rate among the safety critical I&C components in Korean OPR-1000 NPPs. Three analytical methods were chosen in order to develop the demand forecasting methods; Poisson, Generalized Linear Model (GLM) and Bootstrapping. The results show that the GLM gives better accuracy than the other analytical methods. This is because the GLM considers the maintenance level of the component by discriminating between corrective and preventive.

전력산업 인력수급 예측모형 개발 연구

  • Lee, Yong-Seok;Lee, Geun-Jun;Gwak, Sang-Man
    • Proceedings of the Korean System Dynamics Society
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    • 2006.04a
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    • pp.101-122
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    • 2006
  • A series of system dynamics model was developed for forecasting demand and supply of human resource in the electricity industry. To forecast demand of human resource in the electric power industry, BLS (Bureau of Labor Statistics) methodology was used. To forecast supply of human resource in the electric power industry, forecasting on the population of our country and the number of students in the department of electrical engineering were performed. After performing computer simulation with developed system dynamics model, it is discovered that the shortage of human resource in the electric power industry will be 3,000 persons per year from 2006 to 2015, and more than a double of current budget is required to overcome this shortage of human resource.

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Development of Forecasting Model in Tax Exemption Oil of Fisheries Using Seasonal ARIMA

  • Cho, Yong-Jun;Kim, Yeong-Hwa
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.4
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    • pp.1037-1046
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    • 2008
  • Recently, the oil suppliers who supply the tax-exempt oil to the fishery are confronted with big trouble in their supply and demand system due to the unstable global oil prices. We applied the seasonal ARIMA(SARIMA) model to the low-sulfur and high-sulfur crude oil which are in great request and developed forecasting systems for them. Since there are many parameters in SARIMA, it is difficult to estimate the optimal parameters, but it is overcome by using simulation looping program. In conclusion, we found that the obvious seasonality in demand of low-sulfur and these demands are tending downwards gradually.

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Smart Air Condition Load Forecasting based on Thermal Dynamic Model and Finite Memory Estimation for Peak-energy Distribution

  • Choi, Hyun Duck;Lee, Soon Woo;Pae, Dong Sung;You, Sung Hyun;Lim, Myo Taeg
    • Journal of Electrical Engineering and Technology
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    • v.13 no.2
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    • pp.559-567
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    • 2018
  • In this paper, we propose a new load forecasting method for smart air conditioning (A/C) based on the modified thermodynamics of indoor temperature and the unbiased finite memory estimator (UFME). Based on modified first-order thermodynamics, the dynamic behavior of indoor temperature can be described by the time-domain state-space model, and an accurate estimate of indoor temperature can be achieved by the proposed UFME. In addition, a reliable A/C load forecast can be obtained using the proposed method. Our study involves the experimental validation of the proposed A/C load forecasting method and communication construction between DR server and HEMS in a test bed. Through experimental data sets, the effectiveness of the proposed estimation method is validated.

Predicting required licensed spectrum for the future considering big data growth

  • Shayea, Ibraheem;Rahman, Tharek Abd.;Azmi, Marwan Hadri;Han, Chua Tien;Arsad, Arsany
    • ETRI Journal
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    • v.41 no.2
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    • pp.224-234
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    • 2019
  • This paper proposes a new spectrum forecasting (SF) model to estimate the spectrum demands for future mobile broadband (MBB) services. The model requires five main input metrics, that is, the current available spectrum, site number growth, mobile data traffic growth, average network utilization, and spectrum efficiency growth. Using the proposed SF model, the future MBB spectrum demand for Malaysia in 2020 is forecasted based on the input market data of four major mobile telecommunication operators represented by A-D, which account for approximately 95% of the local mobile market share. Statistical data to generate the five input metrics were obtained from prominent agencies, such as the Malaysian Communications and Multimedia Commission, OpenSignal, Analysys Mason, GSMA, and Huawei. Our forecasting results indicate that by 2020, Malaysia would require approximately 307 MHz of additional spectrum to fulfill the enormous increase in mobile broadband data demands.