• Title/Summary/Keyword: Demand Forecasting Model

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A Demand forecasting for Electric vehicles using Choice Based Multigeneration Diffusion Model (선택기반 다세대 확산모형을 이용한 전기자동차 수요예측 방법론 개발)

  • Chae, Ah-Rom;Kim, Won-Kyu;Kim, Sung-Hyun;Kim, Byung-Jong
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.10 no.5
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    • pp.113-123
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    • 2011
  • Recently, the global warming problem has arised around world, many nations has set up a various regulations for decreasing $CO_2$. In particular, $CO_2$ emissions reduction effect is very powerful in transport part, so there is a rising interest about development of green car, or electric vehicle in auto industry. For this reason, it is important to make a strategy for charging infra and forcast electric power demand, but it hasn't introduced about demand forecasting electric vehicle. Thus, this paper presents a demand forecasting for electric vehicles using choice based multigeneration diffusion model. In this paper, it estimates innovation coefficient, immitation coefficient in Bass model by using hybrid car market data and forecast electric vehicle market by year using potential demand market through SP(Stated Preference) experiment. Also, It facilitates more accurate demand forecasting electric vehicle market refelcting multigeneration diffusion model in accordance with attribute progress in development of electric vehicle. Through demand forecasting methodology in this paper, it can be utilized power supply and building a charging infra in the future.

A Study of Short Term Forecasting of Daily Water Demand Using SSA (SSA를 이용한 일 단위 물수요량 단기 예측에 관한 연구)

  • Kwon, Hyun-Han;Moon, Young-Il
    • Journal of Korean Society of Water and Wastewater
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    • v.18 no.6
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    • pp.758-769
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    • 2004
  • The trends and seasonalities of most time series have a large variability. The result of the Singular Spectrum Analysis(SSA) processing is a decomposition of the time series into several components, which can often be identified as trends, seasonalities and other oscillatory series, or noise components. Generally, forecasting by the SSA method should be applied to time series governed (may be approximately) by linear recurrent formulae(LRF). This study examined forecasting ability of SSA-LRF model. These methods are applied to daily water demand data. These models indicate that most cases have good ability of forecasting to some extent by considering statistical and visual assessment, in particular forecasting validity shows good results during 15 days.

Forecasting the Korea's Port Container Volumes With SARIMA Model (SARIMA 모형을 이용한 우리나라 항만 컨테이너 물동량 예측)

  • Min, Kyung-Chang;Ha, Hun-Koo
    • Journal of Korean Society of Transportation
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    • v.32 no.6
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    • pp.600-614
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    • 2014
  • This paper develops a model to forecast container volumes of all Korean seaports using a Seasonal ARIMA (Autoregressive Integrated Moving Average) technique with the quarterly data from the year of 1994 to 2010. In order to verify forecasting accuracy of the SARIMA model, this paper compares the predicted volumes resulted from the SARIMA model with the actual volumes. Also, the forecasted volumes of the SARIMA model is compared to those of an ARIMA model to demonstrate the superiority as a forecasting model. The results showed the SARIMA Model has a high level of forecasting accuracy and is superior to the ARIMA model in terms of estimation accuracy. Most of the previous research regarding the container-volume forecasting of seaports have been focussed on long-term forecasting with mainly monthly and yearly volume data. Therefore, this paper suggests a new methodology that forecasts shot-term demand with quarterly container volumes and demonstrates the superiority of the SARIMA model as a forecasting methodology.

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

  • Koh, H.S.;Lee, C.S.;Choy, J.K.;Kim, J.C.
    • Proceedings of the KIEE Conference
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    • 2000.07a
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    • pp.292-294
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    • 2000
  • This paper is presented the method peak load forecast based on multiple regression Model. Forecasting model was composed with the temperature-humidity and the discomfort index. Also the week periodicity was excluded from weekday change coefficient of two types. Forecasting result was good with about 3[%]. And, utility of presented forecast model using statistical tests has been proved. Therefore, This results establish appropriateness and fitness of forecast models using peak power demand forecasting.

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The Study on the Human Resource Forecasting Model Development for Electric Power Industry (전력산업 인력수급 예측모형 개발 연구)

  • Lee, Yong-Suk;Lee, Geun-Joon;Kwak, Sang-Man
    • Korean System Dynamics Review
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    • v.7 no.1
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    • pp.67-90
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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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Fuzzy GMDH-type Model and Its Application to Financial Demand Forecasting for the Educational Expenses

  • Hwang, Heung-Suk;Seo, Mi-Young
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2007.11a
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    • pp.183-189
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    • 2007
  • In this paper, we developed the fuzzy group method data handling-type (GMDH) Model and applied it to demand forecasting of educational expenses. At present, GMDH family of modeling algorithms discovers the structure of empirical models and it gives only the way to get the most accurate identification and demand forecasts in case of noised and short input sampling. In distinction to fuzzy system, the results are explicit mathematical models, obtained in a relative short time. In this paper, an adaptive learning network is proposed as a kind of fuzzy GMDH. The proposed method can be reinterpreted as a multi-stage fuzzy decision rule which is called as the fuzzy GMDH. The fuzzy GMDH-type networks have several advantages compared with conventional multi-layered GMDH models. Therefore, many types of nonlinear systems can be automatically modeled by using the fuzzy GMDH. A computer program is developed and successful applications are shown in the field of demand forecasting problem of educational expenses with the number of factors considered.

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A Study on Air Demand Forecasting Using Multivariate Time Series Models (다변량 시계열 모형을 이용한 항공 수요 예측 연구)

  • Hur, Nam-Kyun;Jung, Jae-Yoon;Kim, Sahm
    • The Korean Journal of Applied Statistics
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    • v.22 no.5
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    • pp.1007-1017
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    • 2009
  • Forecasting for air demand such as passengers and freight has been one of the main interests for air industries. This research has mainly focus on the comparison the performance between the univariate seasonal ARIMA models and the multivariate time series models. In this paper, we used real data to predict demand on international passenger and freight. And multivariate time series models are better than the univariate models based on the accuracy criteria.

Load demand forecasting of remote inhabited small islands using EGARCH-M model (EGARCH-M 모형을 이용한 소규모 도서지역의 전력수요예측)

  • Jo, In-Seung;Rhee, Chang-Ho;Chae, Seung-Yong
    • Proceedings of the KIEE Conference
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    • 2003.11a
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    • pp.491-493
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    • 2003
  • Load foretasting model used generally such as times series and econometric regression model often doesn't reflect the load characteristics of small remote islands. Therefore, in this paper load demand forecast is peformed using EGARCH-M non-linear forecasting model.

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Forecasting of Rental Demand for Public Bicycles Using a Deep Learning Model (딥러닝 모형을 활용한 공공자전거 대여량 예측에 관한 연구)

  • Cho, Keun-min;Lee, Sang-Soo;Nam, Doohee
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.19 no.3
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    • pp.28-37
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    • 2020
  • This study developed a deep learning model that predicts rental demand for public bicycles. For this, public bicycle rental data, weather data, and subway usage data were collected. After building an exponential smoothing model, ARIMA model and LSTM-based deep learning model, forecasting errors were compared and evaluated using MSE and MAE evaluation indicators. Based on the analysis results, MSE 348.74 and MAE 14.15 were calculated using the exponential smoothing model. The ARIMA model produced MSE 170.10 and MAE 9.30 values. In addition, MSE 120.22 and MAE 6.76 values were calculated using the deep learning model. Compared to the value of the exponential smoothing model, the MSE of the ARIMA model decreased by 51% and the MAE by 34%. In addition, the MSE of the deep learning model decreased by 66% and the MAE by 52%, which was found to have the least error in the deep learning model. These results show that the prediction error in public bicycle rental demand forecasting can be greatly reduced by applying the deep learning model.

A Study on the Seasonal Effects of the Tourism Demand Forecasting Models (관광 수요 예측 모형의 계절효과에 대한 연구)

  • Kim, Sahm;Lee, Ju-Hyoung
    • The Korean Journal of Applied Statistics
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    • v.24 no.1
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    • pp.93-102
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    • 2011
  • In this paper, we compared the performance of the several time series models for tourism demand forecasting. We showed that seasonal effects in the data(Japan, China, USA, and Philippines) exist in the tourism data and the forecasting accuracies are compared by the RMSE criterion.