• 제목/요약/키워드: Demand Forecasting Model

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Predicting Raw Material Price Fluctuation Using Signal Approach: Application to Non-ferrous Metals (신호접근법을 이용한 비철금속 상품가격변동 예측모형 연구)

  • Kim, Ji-Whan;Lee, Sang-Ho
    • Economic and Environmental Geology
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    • v.42 no.2
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    • pp.143-152
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    • 2009
  • Recent raw material prices fluctuation has been unexpectedly high and that made Korean economic activities to be depressed. Because most raw material supply in Korea depends upon oversea imports, unexpected raw material price fluctuation affects Korean industrial economies through macroeconomic variables. So Korean government enforces some political measures such as demand management and the supply-security assurance as long-range policies, and reservation and general early warning system as short-range policies. In short-range policies, it is necessary to be expected short term fluctuation. Up to recently, there have been many researches and most of those researches use parametric methods or time series analyses. Because those methods and analyses often generate inadequate relations among variables, it is possible that some consistent variables are left out or the results are misunderstood. This study, therefore, is aim to mitigate those methodological problems and find the relatively appropriate model for economic explanation. So that, in this paper, by using non-parametric signal approach method mitigating some shortages of previous researches and forecasting properly short-range prices fluctuation of non-ferrous materials are presented empirically.

A Mathematical Model for Coordinated Multiple Reservoir Operation (댐군의 연계운영을 위한 수학적 모형)

  • Kim, Seung-Gwon
    • Journal of Korea Water Resources Association
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    • v.31 no.6
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    • pp.779-793
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    • 1998
  • In this study, for the purpose of water supply planning, we propose a sophisticated multi-period mixed integer programming model that can coordinate the behavior of multi-reservoir operation, minimizing unnecessary spill. It can simulate the system with operating rules which are self- generated by the optimization engine in the algorithm. It is an optimization model in structure, but it indeed simulates the coordinating behavior of multi-reservoir operation. It minimizes the water shortfalls in demand requirements, maintaining flood reserve volume, minimizing unnecessary spill, maximizing hydropower generation release, keeping water storage levels high for efficient hydroelectric turbine operation. This optimization model is a large scale mixed integer programming problem that consists of 3.920 integer variables and 68.658 by 132.384 node-arc incidence matrix for 28 years of data. In order to handle the enormous amount of data generated by a big mathematical model, the utilization of DBMS (data base management system)seems to be inevitable. It has been tested with the Han River multi-reservoir system in Korea, which consists of 2 large multipurpose dams and 3 hydroelectric dams. We demonstrated successfully that there is a good chance of saving substantial amount of water should it be put to use in real time with a good inflow forecasting system.

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Freight Mode Choice Modelling with Aggregate RP Data and Disaggregate SP Data (집계적 현시선호자료와 비집계적 진술선호자료를 이용한 화물수단선택모형 구축)

  • Kang, Woong;Lee, Jang-Ho;Park, Minchoul
    • Journal of the Korean Society for Railway
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    • v.20 no.2
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    • pp.265-274
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    • 2017
  • For accurate demand forecasting of railway logistics, we estimated intercity freight mode choice models based on the binary logit model and using production-consumption data from the Korea Transport Database. We estimated two types of models and compared the results by major item of railway logistics, such as container, cement, and steel: 1) The aggregate freight mode choice models are based on the revealed preference (RP) data and 2) The disaggregate models are based on the stated preference (SP) data. With respect to the container, the travel time variable was found to be statistically significant; however, the travel cost variable was not statistically significant in the RP model, while the travel cost variable was statistically significant in the SP model. For cement and steel, the travel cost variables were statistically significant but the travel time variables were not statistically significant in either the RP or the SP models. These results are inconsistent with results from previous studies based on SP data, which showed that the travel time variables were significant. Consequently, it can be concluded that the travel time factor should be considered in container transport, but that this factor is negligible for cement and steel transport.

A Mode Choice Model with Market Segmentation of Beneficiary Group of New Transit Facility (신교통수단 수혜자의 시장분할을 고려한 수단선택 모형 개발)

  • Kim, Duck Nyung;Choi, A Reum;Hwang, Jae-Min;Kim, Dong-Kyu
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.2
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    • pp.667-677
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    • 2013
  • The introduction of a new transit facility affects mode share of travel alternatives. The multinomial logit model, which has been the most commonly used for estimating mode share, has difficulty in reflecting heterogeneity of travelers' choices, and it has a limitation on grasping their characteristics of mode choice. The limitation may lead to over- or under-estimation of the new transit facility and bring about significant social costs. This paper aims to find a methodology to overcome the problem of preference homogeneity. It also applies market segmentation structure of separating the whole population into direct and indirect beneficiary to consider their preference heterogeneity. A mode choice model is estimated on data from Jeju Province and statistically tested. The results show that mode transfer rate of direct beneficiaries that inhabit in downtown areas increases as the new transit facility provides more advanced services with higher costs. The results and the model suggested in this study can contribute to improving the accuracy of demand forecasting of new transit facilities by reflecting heterogeneity of mode-transfer patterns.

A study on the estimation of onion's bulb weight using multi-level model (다층모형을 활용한 양파 구중 추정 연구)

  • Kim, Junki;Choi, Seung-cheon;Kim, Jaehwi;Seo, Hong-Seok
    • The Korean Journal of Applied Statistics
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    • v.33 no.6
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    • pp.763-776
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    • 2020
  • Onions show severe volatility in production and price because crop conditions highly depend on the weather. The government has designated onions as a sensitive agricultural product, and prepared various measures to stabilize the supply and demand. First of all, preemptive and reliable information on predicting onion production is essential to implement appropriate and effective measures. This study aims to contribute to improving the accuracy of production forecasting by developing a model to estimate the final weight of onions bulb. For the analysis, multi-level model is used to reflect the hierarchical data characteristics consisting of above-ground growth data in individual units and meteorological data in parcel units. The result shows that as the number of leaf, stem diameter, and plant height in early May increase, the bulb weight increases. The amount of precipitation as well as the number of days beyond a certain temperature inhibiting carbon assimilation have negative effects on bulb weight, However, the daily range of temperature and more precipitation near the harvest season are statistically significant as positive effects. Also, it is confirmed that the fitness and explanatory power of the model is improved by considering the interaction terms between level-1 and level-2 variables.

Improvement in Regional-Scale Seasonal Prediction of Agro-Climatic Indices Based on Surface Air Temperature over the United States Using Empirical Quantile Mapping (경험적 분위사상법을 이용한 미국 지표 기온 기반 농업기후지수의 지역 규모 계절 예측성 개선)

  • Chan-Yeong, Song;Joong-Bae, Ahn;Kyung-Do, Lee
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.24 no.4
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    • pp.201-217
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    • 2022
  • The United States is one of the largest producers of major crops such as wheat, maize, and soybeans, and is a major exporter of these crops. Therefore, it is important to estimate the crop production of the country in advance based on reliable long- term weather forecast information for stable crops supply and demand in Korea. The purpose of this study is to improve the seasonal predictability of the agro-climatic indices over the United States by using regional-scale daily temperature. For long-term numerical weather prediction, a dynamical downscaling is performed using Weather Research and Forecasting (WRF) model, a regional climate model. As the initial and lateral boundary conditions of WRF, the global hourly prediction data obtained from the Pusan National University Coupled General Circulation Model (PNU CGCM) are used. The integration of WRF is performed for 22 years (2000-2021) for period from June to December of each year. The empirical quantile mapping, one of the bias correction methods, is applied to the timeseries of downscaled daily mean, minimum, and maximum temperature to correct the model biases. The uncorrected and corrected datasets are referred WRF_UC and WRF_C, respectively in this study. The daily minimum (maximum) temperature obtained from WRF_UC presents warm (cold) biases over most of the United States, which can be attributed to the underestimated the low (high) temperature range. The results show that WRF_C simulates closer to the observed temperature than WRF_UC, which lead to improve the long- term predictability of the temperature- based agro-climatic indices.

The Estimation of the Future Container Ship Traffic for Three Major Ports in Korea (국내 3대 주요 컨테이너항만의 장래 컨테이너선박 교통량 추정)

  • Kim, Jung-Hoon
    • Journal of Navigation and Port Research
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    • v.31 no.5 s.121
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    • pp.353-359
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    • 2007
  • Effective plan and operation managements can be established in advance if the traffic volume of container ship will be forecasted in the trend for container port's cargo volume to increase. At the viewpoint for marine traffic the number of incoming and outgoing container ship can be presumed in the long run and organised rational plan to deal the demand of marine traffic on the basis. Therefore, the paper estimated the future traffic volume of incoming and outgoing container ship for Busan, Gwangyang, and Incheon port on a forecasting data basis of container volume suggested in the national ports base plan. The trends of volume per ship on container were estimated with ARIMA models and seasonal index was computed. Thus the traffic volume of container ship in the future was estimated computing with volume per ship in 2011,2015, and 2020 respectively.

A Study on the Estimation Method of Daily Load Curve for the Optimization Design and Economic Evaluation of Stand-alone Microgrids Based on HOMER Simulation in Off-Grid Limiting the Supply of Electricity (제한급전하는 오프그리드의 독립형 마이크로그리드 최적 설계 및 경제성 평가를 위한 일부하곡선 추정 방안에 관한 연구)

  • Nam, Yong-Hyun;Youn, Seok-Min;Kim, Jung-Hoon;Hwang, Sung-Wook
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.68 no.1
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    • pp.27-35
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    • 2019
  • There is a growing interest in various microgrid solutions that supply electricity 24 hours a day to off-grid areas where are not connected with the main grid, and Korea has many positive effects by constructing overseas microgrids as a country operating the emission trading scheme. Since it is not clear how to obtain load curves that is one of the inputs of the HOMER used to design a microgrid optimization plan, or it is necessary to examine whether electricity is supplied to the peak load level of the areas where have not received the electricity benefits from the viewpoint of the demand management, a methodology should be developed to know the load composition ratio and the shape of the daily load curve. In this paper, the relative coefficient and average load information for each load group obtained from the survey are used besides peak load and total average load. A mathematical model is proposed to derive the load composition ratio in the form of a Quadratic Programming and the load forecasting is performed using simple linear regression with future indicators. The effectiveness of the proposed method is confirmed for the Philippine island region supported by Korea Energy Agency and the Asian Development Bank.

Analysis on the Transition and Determinants of Long-Term Care Service for the Elderly in the Internet of Things era (융합의 시대에(사물인터넷시대에)한국 노인의 장기요양 서비스 이용 상태 전환과 결정요인 분석)

  • Choi, Jang-Won
    • Journal of Internet of Things and Convergence
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    • v.6 no.4
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    • pp.39-48
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    • 2020
  • This study intends to the estimate the determinants and state dependence of long-term care services in Korea. For this purpose, we analyzed the transition patterns among three states of long-term care service utilization over time by using the Korea Welfare Panel Study data with the random effect multinomial logit model. It is found that the result showed a strong state dependence in long-term care service utilization. Especially, long-term care insurance for the elderly showed a strong state dependence among others. Among the individual demographic characteristics, the higher the age, the higher the probability of using long-term care insurance for the elderly, while the lower the probability when married. The characteristics of the residential region showed that the residents of the urban-rural integrated region had a significantly higher probability of using long-term care insurance than the reference region. The results of this study suggest that the long-term care service users have a strong state dependence, which means that it is important to take into account the increase in the utilization period of existing users in future demand forecasting.

Prediction Oil and Gas Throughput Using Deep Learning

  • Sangseop Lim
    • Journal of the Korea Society of Computer and Information
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    • v.28 no.5
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    • pp.155-161
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    • 2023
  • 97.5% of our country's exports and 87.2% of imports are transported by sea, making ports an important component of the Korean economy. To efficiently operate these ports, it is necessary to improve the short-term prediction of port water volume through scientific research methods. Previous research has mainly focused on long-term prediction for large-scale infrastructure investment and has largely concentrated on container port water volume. In this study, short-term predictions for petroleum and liquefied gas cargo water volume were performed for Ulsan Port, one of the representative petroleum ports in Korea, and the prediction performance was confirmed using the deep learning model LSTM (Long Short Term Memory). The results of this study are expected to provide evidence for improving the efficiency of port operations by increasing the accuracy of demand predictions for petroleum and liquefied gas cargo water volume. Additionally, the possibility of using LSTM for predicting not only container port water volume but also petroleum and liquefied gas cargo water volume was confirmed, and it is expected to be applicable to future generalized studies through further research.