• Title/Summary/Keyword: Demand Forecasting Model

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Multi-Generation Diffusion Model for Economic Assessment of New Technology (신기술의 경제성 평가를 위한 다세대 확산모형 연구)

  • Sohn, So-Young;Ahn, Byung-Joo
    • Journal of Korean Institute of Industrial Engineers
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    • v.27 no.4
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    • pp.337-344
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    • 2001
  • As cost invested in developing the specified technology is increasing, investors are paying more attention to cost to benefit analysis (CBA). One of the basic elements of CBA for new technological development is the diffusion pattern of demand of such technology. Many studies of technology evaluation have adopted a single generation model to simulate the diffusion pattern of demand. This approach, however, considers the diffusion of the new technology itself, not taking into account a newer generation that can replace the one just invented. In this paper, we show how a multi-generation technology diffusion model can be applied for more accurate CBA for information technology. Monte Carlo simulation is performed to find influential factors on the CBA of a Cybernetic Building System.

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A Study on an ETCS Demand Forecasting Model of Toll Roads in Changwon City (유료도로 ETCS 이용수요 예측모형에 관한 연구 (창원시를 중심으로))

  • Kim, Kyung-Whan;Ha, Man-Bok;Jeon, Yeon-Hoo;Lee, Ik-Su
    • International Journal of Highway Engineering
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    • v.9 no.1 s.31
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    • pp.17-27
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    • 2007
  • Since early 1990s, several developed countries have applied the Electronic Toll Collection System (ETCS) to toll roads in order to solve traffic congestion and delay problems at toll plazas. For the successful operation of the ETCS, it is important to correctly forecast the ETCS using rate. In this study, it was conceived to develop a sophisticated demand forecasting model of the ETCS for toll roads in Changwon City The Binary Logit and neural network models were tested for the model considering 11 explaining variables. The best results in prediction accuracy and goodness-of-fit were obtained on the neural network model. However, because of the difficulty in predicting the 11 variables and its fitness in wide range, the Binary Logit model which considers three policy variables only is recommended as the model to forecast the ETCS using rate.

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A Model of Four Seasons Mixed Heat Demand Prediction Neural Network for Improving Forecast Rate (예측율 제고를 위한 사계절 혼합형 열수요 예측 신경망 모델)

  • Choi, Seungho;Lee, Jaebok;Kim, Wonho;Hong, Junhee
    • Journal of Energy Engineering
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    • v.28 no.4
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    • pp.82-93
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    • 2019
  • In this study, a new model is proposed to improve the problem of the decline of predict rate of heat demand on a particular date, such as a public holiday for the conventional heat demand forecasting system. The proposed model was the Four Season Mixed Heat Demand Prediction Neural Network Model, which showed an increase in the forecast rate of heat demand, especially for each type of forecast date (weekday/weekend/holiday). The proposed model was selected through the following process. A model with an even error for each type of forecast date in a particular season is selected to form the entire forecast model. To avoid shortening learning time and excessive learning, after each of the four different models that were structurally simplified were learning and a model that showed optimal prediction error was selected through various combinations. The output of the model is the hourly 24-hour heat demand at the forecast date and the total is the daily total heat demand. These forecasts enable efficient heat supply planning and allow the selection and utilization of output values according to their purpose. For daily heat demand forecasts for the proposed model, the overall MAPE improved from 5.3~6.1% for individual models to 5.2% and the forecast for holiday heat demand greatly improved from 4.9~7.9% to 2.9%. The data in this study utilized 34 months of heat demand data from a specific apartment complex provided by the Korea District Heating Corp. (January 2015 to October 2017).

Forecasting Demand of Agricultural Tractor, Riding Type Rice Transplanter and Combine Harvester by using an ARIMA Model

  • Kim, Byounggap;Shin, Seung-Yeoub;Kim, Yu Yong;Yum, Sunghyun;Kim, Jinoh
    • Journal of Biosystems Engineering
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    • v.38 no.1
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    • pp.9-17
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    • 2013
  • Purpose: The goal of this study was to develop a methodology for the demand forecast of tractor, riding type rice transplanter and combine harvester using an ARIMA (autoregressive integrated moving average) model, one of time series analysis methods, and to forecast their demands from 2012 to 2021 in South Korea. Methods: To forecast the demands of three kinds of machines, ARIMA models were constructed by following three stages; identification, estimation and diagnose. Time series used were supply and stock of each machine and the analysis tool was SAS 9.2 for Windows XP. Results: Six final models, supply based ones and stock based ones for each machine, were constructed from 32 tentative models identified by examining the ACF (autocorrelation function) plots and the PACF (partial autocorrelation function) plots. All demand series forecasted by the final models showed increasing trends and fluctuations with two-year period. Conclusions: Some forecast results of this study are not applicable immediately due to periodic fluctuation and large variation. However, it can be advanced by incorporating treatment of outliers or combining with another forecast methods.

A Study on the Development of Supply-Demand Outlook Model for Jeju Winter Radish (제주 월동무 중장기 수급전망 모형의 개발)

  • Kim, Bae-Sung;Ko, Bong-Hyun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.3
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    • pp.1471-1477
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    • 2014
  • This paper addresses the development on supply-demand outlook model of Jeju winter radish and introduces a projection of supply-demand and market prices during 2014-2018 using the model. The supply-demand outlook model is specified as a partial equilibrium model of Jeju winter radish. Each equation in the model is estimated by using the econometric techniques. A review of the model stability is also carried out by the references based on RMSPE, MAPE, and Theil's inequality coefficients. According to the reference of RMAPE, the error rates of the forecasting values of the cultivation ares, production quantity, and consumption quantity show less than 4% and the error rate of market price is below 10%. The cultivation area and production quantity are projected respectively to be increased to 6,650ha and 433,310MT in 2018.

A Study on Daily Water Demand Prediction Model (급수량(給水量) 단기(短期) 수요예측(需要豫測)에 대한 연구(硏究))

  • Koo, Jayoug;Koizwui, Akirau;Inakazu, Toyono
    • Journal of Korean Society of Water and Wastewater
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    • v.11 no.1
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    • pp.109-118
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    • 1997
  • In this study, we examined the structural analysis of water demand fluctuation for water distribution control of water supply network. In order to analyze for the length of stationary time series, we calculate autocorrelation coefficient of each case equally divided data size. As a result, it was found that, with the data size of around three months, any case could be used as stationary time series. we analyze cross-correlation coefficient between the daily water consumption's data and primary influence factors. As a result, we have decided to use weather conditions and maximum temperature as natural primary factors and holidays as a social factor. Applying the multiple ARIMA model, we obtains an effective model to describe the daily water demand prediction. From the forecasting result, even though we forecast water distribution quantity of the following year, estimated values well express the flctuations of measurements. Thus, the suitability of the model for practical use can be confirmed. When this model is used for practical water distribution control, water distribution quantity for the following day should be found by inputting maximum temperature and weather conditions obtained from weather forecast, and water purification plants and service reservoirs should be operated based on this information while operation of pumps and valves should be set up. Consequently, we will be able to devise a rational water management system.

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Low-flow simulation and forecasting for efficient water management: case-study of the Seolmacheon Catchment, Korea

  • Birhanu, Dereje;Kim, Hyeon Jun;Jang, Cheol Hee;ParkYu, Sanghyun
    • Proceedings of the Korea Water Resources Association Conference
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    • 2015.05a
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    • pp.243-243
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    • 2015
  • Low-flow simulation and forecasting is one of the emerging issues in hydrology due to the increasing demand of water in dry periods. Even though low-flow simulation and forecasting remains a difficult issue for hydrologists better simulation and earlier prediction of low flows are crucial for efficient water management. The UN has never stated that South Korea is in a water shortage. However, a recent study by MOLIT indicates that Korea will probably lack water by 4.3 billion m3 in 2020 due to several factors, including land cover and climate change impacts. The two main situations that generate low-flow events are an extended dry period (summer low-flow) and an extended period of low temperature (winter low-flow). This situation demands the hydrologists to concentrate more on low-flow hydrology. Korea's annual average precipitation is about 127.6 billion m3 where runoff into rivers and losses accounts 57% and 43% respectively and from 57% runoff discharge to the ocean is accounts 31% and total water use is about 26%. So, saving 6% of the runoff will solve the water shortage problem mentioned above. The main objective of this study is to present the hydrological modelling approach for low-flow simulation and forecasting using a model that have a capacity to represent the real hydrological behavior of the catchment and to address the water management of summer as well as winter low-flow. Two lumped hydrological models (GR4J and CAT) will be applied to calibrate and simulate the streamflow. The models will be applied to Seolmacheon catchment using daily streamflow data at Jeonjeokbigyo station, and the Nash-Sutcliffe efficiencies will be calculated to check the model performance. The expected result will be summarized in a different ways so as to provide decision makers with the probabilistic forecasts and the associated risks of low flows. Finally, the results will be presented and the capacity of the models to provide useful information for efficient water management practice will be discussed.

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Practical Interpretation and Source of Error in Traffic Assignment Based on Korea Transport Database(KTDB) (KTDB 기반 노선배정의 예측오차 원인과 분석결과 해석)

  • KIM, Ikki
    • Journal of Korean Society of Transportation
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    • v.34 no.5
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    • pp.476-488
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    • 2016
  • This study reviewed factors and causes that affect on reliability and accuracy of transportation demand forecasting. In general, the causes of forecasting errors come from variety and irregularity of trip behaviors, data limitation, data aggregation and model simplification. Theoretical understanding about the inevitable errors will be helpful for reasonable decision making for practical transportation policies. The study especially focused on traffic assignment with the KTDB data, and described the factors and causes of errors by classifying six categories such as (1) errors in input data, (2) errors due to spacial aggregation and representation method of network, (3) errors from representing values for variations of traffic patterns, (4) errors from simplification of traffic flow model, and (5) errors from aggregation of route choice behavior.

Exercising The Traditional Four-Step Transportation Model Using Simplified Transport Network of Mandalay City in Myanmar (미얀마 만달레이시의 단순화된 교통망을 이용한 전통적인 4단계 교통 모델에 관한 연구)

  • Wut Yee Lwin;Byoung-Jo Yoon;Sun-Min Lee
    • Journal of the Society of Disaster Information
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    • v.20 no.2
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    • pp.257-269
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    • 2024
  • Purpose: The purpose of this study is to explain the pivotal role of the travel forecasting process in urban transportation planning. This study emphasizes the use of travel forecasting models to anticipate future traffic. Method: This study examines the methodology used in urban travel demand modeling within transportation planning, specifically focusing on the Urban Transportation Modeling System (UTMS). UTMS is designed to predict various aspects of urban transportation, including quantities, temporal patterns, origin-destination pairs, modal preferences, and optimal routes in metropolitan areas. By analyzing UTMS and its operational framework, this research aims to enhance an understanding of contemporary urban travel demand modeling practices and their implications for transportation planning and urban mobility management. Result: The result of this study provides a nuanced understanding of travel dynamics, emphasizing the influence of variables such as average income, household size, and vehicle ownership on travel patterns. Furthermore, the attraction model highlights specific areas of significance, elucidating the role of retail locations, non-retail areas, and other locales in shaping the observed dynamics of transportation. Conclusion: The study methodically addressed urban travel dynamics in a four-ward area, employing a comprehensive modeling approach involving trip generation, attraction, distribution, modal split, and assignment. The findings, such as the prevalence of motorbikes as the primary mode of transportation and the impact of adjusted traffic patterns on reduced travel times, offer valuable insights for urban planners and policymakers in optimizing transportation networks. These insights can inform strategic decisions to enhance efficiency and sustainability in urban mobility planning.

Forecasting performance and determinants of household expenditure on fruits and vegetables using an artificial neural network model

  • Kim, Kyoung Jin;Mun, Hong Sung;Chang, Jae Bong
    • Korean Journal of Agricultural Science
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    • v.47 no.4
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    • pp.769-782
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    • 2020
  • Interest in fruit and vegetables has increased due to changes in consumer consumption patterns, socioeconomic status, and family structure. This study determined the factors influencing the demand for fruit and vegetables (strawberries, paprika, tomatoes and cherry tomatoes) using a panel of Rural Development Administration household-level purchases from 2010 to 2018 and compared the ability to the prediction performance. An artificial neural network model was constructed, linking household characteristics with final food expenditure. Comparing the analysis results of the artificial neural network with the results of the panel model showed that the artificial neural network accurately predicted the pattern of the consumer panel data rather than the fixed effect model. In addition, the prediction for strawberries was found to be heavily affected by the number of families, retail places and income, while the prediction for paprika was largely affected by income, age and retail conditions. In the case of the prediction for tomatoes, they were greatly affected by age, income and place of purchase, and the prediction for cherry tomatoes was found to be affected by age, number of families and retail conditions. Therefore, a more accurate analysis of the consumer consumption pattern was possible through the artificial neural network model, which could be used as basic data for decision making.