• Title/Summary/Keyword: Demand Forecasting Model

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Development of A Direct Demand Estimation Model for Forecasting of Railroad Traffic Demand (철도수요예측을 위한 직접수요모형 개발에 관한 연구)

  • Kim, Hyo-Jong;Jung, Chan-Mook
    • Proceedings of the KSR Conference
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    • 2010.06a
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    • pp.2166-2178
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    • 2010
  • The Korea Transportation Database (KTDB) is used to obtain data on the origin and destination (OD) of inter-city travel, which are currently used in railroad planning when estimating traffic demand. The KTDB employs the trip assignment method, whereby the total traffic volume researched for inter-city travel in Korea is divided into road, rail and air traffic, etc. However, as regards rail travel, the railroad stations are not identical to the existing zones or the connector has not been established because there are several stations in one zone as such, certain problems with the applicable methods have been identified. Therefore, estimates of the volume of railroad traffic using the KTDB display low reliability compared to other modes of transportation. In this study, these problems are reviewed and analyzed, and use of the aggregate model method to estimate the direct demand for rail travel is proposed in order to improve the reliability of estimation. In addition, a method of minimizing error in traffic demand estimation for the railroad field is proposed via an analysis of the relationship between the aggregate model and various social-economic indicators including population, distances, numbers of industrial employees, numbers of automobiles, and the extension of roads between cities.

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Characteristics of Electric-Power Use in Residential Building by Family Composition and Their Income Level (거주자 구성유형 및 소득수준에 따른 주거용 건물 내 전력소비성향)

  • Seo, Hyun-Cheol;Hong, Won-Hwa;Nam, Gyeong-Mok
    • Journal of the Korean housing association
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    • v.23 no.6
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    • pp.31-38
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    • 2012
  • In this paper, we draws tendency of the electricity consumption in residential buildings according to inhabitants Composition types and the level of incomes. it is necessary to reduce energy cost and keep energy security through the electricity demand forecasting and management technology. Progressive social change such as increases of single household, the aging of society, increases in the income level will replace the existing residential electricity demand pattern. However, Only with conventional methods that using only the energy consumption per-unit area are based on Energy final consumption data can not respond to those social and environmental change. To develop electricity demand estimation model that can cope flexibly to changes in the social and environmental, In this paper researches propensity of electricity consumption according to the type of residents configuration, the level of income. First, we typed form of inhabitants in residential that existed in Korea. after that we calculated hourly electricity consumption for each type through National Time-Use Survey performed at the National Statistical Office with considering overlapping behavior. Household appliances and retention standards according to income level is also considered.

Estimating Walk Access and Auto Access Ridership for Transit Demand Forecast (대중교통수요예측을 위한 보행접근 및 승용차접근 잠재수요의 추정)

  • Yun, Seong-Soon;Yun, Dae-Sic
    • Journal of Korean Society of Transportation
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    • v.21 no.6
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    • pp.43-55
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    • 2003
  • This paper presents a new method for estimating potential transit ridership residential population and number of employees that have accesses to transit services. A standard procedure that can be used to determine transit accessibility by pedestrians ad automobiles are developed to improve its transit demand forecasting capability. The analysis results are compared with those from the traditional buffer method as well as the network ratio method. It was found that the proposed method is more accurate than the traditional methods. The new method can be used to better estimate the "Walk Access" transit trips and "Auto Access" transit trips in the Mode Choice Model.

Digital Twin based Household Water Consumption Forecasting using Agent Based Modeling

  • Sultan Alamri;Muhammad Saad Qaisar Alvi;Imran Usman;Adnan Idris
    • International Journal of Computer Science & Network Security
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    • v.24 no.4
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    • pp.147-154
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    • 2024
  • The continuous increase in urban population due to migration of mases from rural areas to big cities has set urban water supply under serious stress. Urban water resources face scarcity of available water quantity, which ultimately effects the water supply. It is high time to address this challenging problem by taking appropriate measures for the improvement of water utility services linked with better understanding of demand side management (DSM), which leads to an effective state of water supply governance. We propose a dynamic framework for preventive DSM that results in optimization of water resource management. This paper uses Agent Based Modeling (ABM) with Digital Twin (DT) to model water consumption behavior of a population and consequently forecast water demand. DT creates a digital clone of the system using physical model, sensors, and data analytics to integrate multi-physical quantities. By doing so, the proposed model replicates the physical settings to perform the remote monitoring and controlling jobs on the digital format, whilst offering support in decision making to the relevant authorities.

Improving Forecast Accuracy of City Gas Demand in Korea by Aggregating the Forecasts from the Demand Models of Seoul Metropolitan and the Other Local Areas (수도권과 지방권 수요예측모형을 통한 전국 도시가스수요전망의 예측력 향상)

  • Lee, Sungro
    • Environmental and Resource Economics Review
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    • v.26 no.4
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    • pp.519-547
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    • 2017
  • This paper explores whether it is better to forecast city gas demand in Korea using national level data directly or, alternatively, construct forecasts from regional demand models and then aggregate these regional forecasts. In the regional model, we consider gas demand for Seoul metropolitan and the other local areas. Our forecast evaluation exercise for 2013-2016 shows the regional forecast model generally outperforms the national forecasting model. This result comes from the fact that the dynamic properties of each region's gas demands can be better taken into account in the regional demand model. More specifically, the share of residential gas demand in the Seoul metropolitan area is above 50%, and subsequently this demand is heavily influenced by temperature fluctuations. Conversely, the dominant portion of regional gas demand is due to industrial gas consumption. Moreover, electricity is regarded as a substitute for city gas in the residential sector, and industrial gas competes with certain oil products. Our empirical results show that a regional demand forecast model can be an effective alternative to the demand model based on nation-wide gas consumption and that regional information about gas demand is also useful for analyzing sectoral gas consumption.

Forecasting of Car Distribution Considering the Population Aging (인구 고령화를 고려한 승용차 보급예측 연구)

  • Kim, Hyunwoo;Lee, Du-Heon;Yang, Junseok
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.5
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    • pp.31-39
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    • 2014
  • It has been a long time since cars had become important means of transportation in human life. Since 1970s, cars have been increasing steadily because of rising individual income and changing lifestyle toward leisure and convenience. The number of cars is just 1.8 per thousand populations in 1970s, however, in 2012, it has increased to 291.15. Forecasting the demand for cars would be useful to plan, construction or management in the field of motor industry, road building and establishing facilities. Our study predicts the demand of cars through estimating the growth curve model. Especially, we include ageing variables to forecasting identifying the effect of ageing on the demand of cars. The main findings are as follows. In 2045, the number of cars is expected to reach 486.8 per thousand populations with passing a primary saturation point at early 2020s. Also, due to effect of ageing, the predicted demand of cars is about 10% lower than in case of which if ageing effect not exist.

Forecasting Methodology of 3G Mobile Services with Consideration of Policy Issues

  • Kim, Jin-Ki
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2007.11a
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    • pp.190-194
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    • 2007
  • In most countries, mobile subscribers are already experiencing 3G-like services. At the moment of launching 3G services, lots of studies showed estimates of the number of subscribers for 3G services, using long-term demand curves, econometric methods or survey methodologies. Those studies mainly focused on the potential number of subscribers and the point of rapid growth rather than precise estimates for the services. Even though we've already experienced parts of 3G services, full length of 3G services are expecting in near future. Therefore, now we need to have more accurate estimates for 3G services. While we thought that 3G services were moved from 2G, in real place 3G services are being evolved from 2G services. In the process of evolving, regulators' policy affects service demand and diffusion significantly. For the more accurate estimates, we need to consider policy issues which influence service diffusion practically in real place. This study aims to present a model which shows better estimates for 3G services with consideration on policy issues, such as numbering issues, price regulation, and competition policy. The consideration can provide more accurate estimates for 3G services with service providers. The methodology could help academicians In forecasting of similar telecommunications services as well.

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A Study on the Demand Pattern Analysis of Fixed Mobile Convergence Telecommunication Service (유.무선 컨버전스 서비스 수요 Pattern에 관한 연구)

  • Bae, Khee-Su;Sawng, Yeong-Wha
    • Korean Management Science Review
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    • v.23 no.3
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    • pp.1-11
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    • 2006
  • This study investigates empirically on the business analysis of fixed mobile convergence telecommunication service. As for the stage of empirical analysis, the process was carried out in the order elaboration of a test model, selection of sample, empirical analysis and interpretation of result. We report our Preliminary results on the fixed mobile convergence telecommunication service demand pattern forecasting by Bass model. The results show that the fixed mobile convergence telecommunication service may sustain profitability over the next ten years in the market. In conclusion, the practical implication of the result attained by this study is that in order to create a fixed mobile convergence in the korean business world, practical tools such as WiBro service is no less important than fixed service and Mobile service, and that users may be rightfully encouraged to adopt WiBro service.

Identifying the Diffusion Patterns of Movies by Opening Strength and Profitability (개봉 규모와 수익성에 따른 영화의 분류와 확산 패턴 분석)

  • Kim, Taegu;Hong, Jungsik
    • Journal of Korean Institute of Industrial Engineers
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    • v.39 no.5
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    • pp.412-421
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    • 2013
  • Motion picture industry is one of the most representative fields in the cultural industry and has experienced constant growth both worldwide and within domestic markets. However, little research has been undertaken for diffusion patterns of motion pictures, whereas various issues such as demand forecasting and success factor analysis have been widely explored. To analyze diffusion patterns, we adopted extended Bass model to reflect the potential demand of movies. Four clusters of selected movies were derived by k-means clustering method with criteria of opening strength and profitability and then compared by their diffusion patterns. Results indicated that movies with high profitability and medium opening strength are most significantly influenced by word of mouth effect, while low profitability movies display nearly monotonic decreasing diffusion patterns with noticeable initial adoption rates and relatively early peak points in their runs.

A Study on Demand Forecasting Change of Korea's Imported Wine Market after COVID-19 Pandemic (코로나 팬데믹 이후 국내 수입와인 시장의 수요예측 변화 연구)

  • Jihyung Kim
    • The Journal of Bigdata
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    • v.8 no.2
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    • pp.189-200
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    • 2023
  • At the beginning of the COVID-19 pandemic, Korea's wine market had shrunk as other countries. However, right after the pandemic, Korea's imported wine consumption had been increased 69.6%. Because of the ban on overseas travel, wine was consumed in the domestic market. And consumption of high-end wines were increased significantly due to revenge spending and home drinking. However, from 2022 Korea's wine market has begun to shrink sharply again. Therefore this study forecasts the size of imported wine market by 2032 to provide useful information to wine related business entities. KITA(Korea International Trade Association)'s 95 time-series data per quarter from Q1 of 2001 to Q3 of 2023 was utilized in this research. The accuracy of model was tested based on value of MAPE. And ARIMA model was chosen to forecast the size of market value and Winter's multiplicative model was used for the size of market volume. The result of ARIMA model for the value (MAPE=10.56%) shows that the size of market value in 2032 will be increased up to USD $1,023,619, CAGR=6.22% which is 101% bigger than its size of 2023. On the other hand, the volume of imported wine market (MAPE=10.56%) will be increased up to 64,691,329 tons, CAGR=-0.61% which is only 15.12% bigger than its size of 2023. The result implies that the value of Korea's wine market will continue to grow despite the recent decline. And the high-end wine market will account for most of the increase.