• Title/Summary/Keyword: Demand Forecasting Model

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Real-time Energy Demand Prediction Method Using Weather Forecasting Data and Solar Model (기상 예보 데이터와 일사 예측 모델식을 활용한 실시간 에너지 수요예측)

  • Kwak, Young-Hoon;Cheon, Se-Hwan;Jang, Cheol-Yong;Huh, Jung-Ho
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.25 no.6
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    • pp.310-316
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    • 2013
  • This study was designed to investigate a method for short-term, real-time energy demand prediction, to cope with changing loads for the effective operation and management of buildings. Through a case study, a novel methodology for real-time energy demand prediction with the use of weather forecasting data was suggested. To perform the input and output operations of weather data, and to calculate solar radiation and EnergyPlus, the BCVTB (Building Control Virtual Test Bed) was designed. Through the BCVTB, energy demand prediction for the next 24 hours was carried out, based on 4 real-time weather data and 2 solar radiation calculations. The weather parameters used in a model equation to calculate solar radiation were sourced from the weather data of the KMA (Korea Meteorological Administration). Depending on the local weather forecast data, the results showed their corresponding predicted values. Thus, this methodology was successfully applicable to anywhere that local weather forecast data is available.

A Choice-Based Substitutive Diffusion Model for Forecasting Analog and Digital Mobile Telecommunication Service Subscribers in Korea (국내 아날로그와 디지털 이동전화 서비스 가입자 수 예측을 위한 선택 관점의 대체 확산 모형)

  • 전덕빈;박윤서;김선경;박명환;박영선
    • Korean Management Science Review
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    • v.19 no.2
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    • pp.125-137
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    • 2002
  • The telecommunications market is expanding rapidly and becoming more substitutive. In this environment, demand forecasting is very difficult, yet important for both practitioners and researchers. in this paper, we adopt the modeling approach proposed dy Jun and Park [6]. The basic premise is that demand patterns result from choice behavior, where customers choose a product to maximize their utility. We apply a choice-based substitutive diffusion model to the Korean mobile telecommunication service market where digital service has completely replaced analog service. In comparison with Bass-type multigeneration models. our model provides superior fitting and forecasting performance. The choice-based model is useful in that it enables the description of such complicated environments and provides the flexibility to include marketing mix variables such as price and advertising in the regression analysis.

Optimal Electric Energy Subscription Policy for Multiple Plants with Uncertain Demand

  • Nilrangsee, Puvarin;Bohez, Erik L.J.
    • Industrial Engineering and Management Systems
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    • v.6 no.2
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    • pp.106-118
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    • 2007
  • This paper present a new optimization model to generate aggregate production planning by considering electric cost. The new Time Of Switching (TOS) electric type is introduced by switching over Time Of Day (TOD) and Time Of Use (TOU) electric types to minimize the electric cost. The fuzzy demand and Dynamic inventory tracking with multiple plant capacity are modeled to cover the uncertain demand of customer. The constraint for minimum hour limitation of plant running per one start up event is introduced to minimize plants idle time. Furthermore; the Optimal Weight Moving Average Factor for customer demand forecasting is introduced by monthly factors to reduce forecasting error. Application is illustrated for multiple cement mill plants. The mathematical model was formulated in spreadsheet format. Then the spreadsheet-solver technique was used as a tool to solve the model. A simulation running on part of the system in a test for six months shows the optimal solution could save 60% of the actual cost.

A Study on the Future Air Traffic Demand in Busan Metropolitan Area (부산권 항공수요예측 연구)

  • Kim, Byung-Jong;Lee, Min-Hee
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.16 no.1
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    • pp.46-57
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    • 2008
  • Since the 90's, Korean Air transport market has been more expanded because of economic growth, the construction of airport infrastructure, and the advent of low cost carrier. Especially, the air traffic demand in Busan metropolitan area has been increasing steadily. Therefore, in this paper, we developed a new forecasting model which could expect the future air traffic demand in Busan area. This model is developed by regression analysis using social-economic variables such as GRDP, income, and the number of people, and dummy variables, for instance, KTX opening, Japan economic depression, SARS and so on. Result from demand forecasting by this new model suggests that the new airport system is needed in order to sustain the increasing air traffic demand in Busan area.

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The Forecasting Power Energy Demand by Applying Time Dependent Sensitivity between Temperature and Power Consumption (시간대별 기온과 전력 사용량의 민감도를 적용한 전력 에너지 수요 예측)

  • Kim, Jinho;Lee, Chang-Yong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.1
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    • pp.129-136
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    • 2019
  • In this study, we proposed a model for forecasting power energy demand by investigating how outside temperature at a given time affected power consumption and. To this end, we analyzed the time series of power consumption in terms of the power spectrum and found the periodicities of one day and one week. With these periodicities, we investigated two time series of temperature and power consumption, and found, for a given hour, an approximate linear relation between temperature and power consumption. We adopted an exponential smoothing model to examine the effect of the linearity in forecasting the power demand. In particular, we adjusted the exponential smoothing model by using the variation of power consumption due to temperature change. In this way, the proposed model became a mixture of a time series model and a regression model. We demonstrated that the adjusted model outperformed the exponential smoothing model alone in terms of the mean relative percentage error and the root mean square error in the range of 3%~8% and 4kWh~27kWh, respectively. The results of this study can be used to the energy management system in terms of the effective control of the cross usage of the electric energy together with the outside temperature.

Short-Term Electric Load Forecasting for the Consecutive Holidays Using the Power Demand Variation Rate (전력수요 변동률을 이용한 연휴에 대한 단기 전력수요예측)

  • Kim, Si-Yeon;Lim, Jong-Hun;Park, Jeong-Do;Song, Kyung-Bin
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.27 no.6
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    • pp.17-22
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    • 2013
  • Fuzzy linear regression method has been used for short-term load forecasting of the special day in the previous researches. However, considerable load forecasting errors would be occurring if a special day is located on Saturday or Monday. In this paper, a new load forecasting method for the consecutive holidays is proposed with the consideration of the power demand variation rate. In the proposed method, a exponential smoothing model reflecting temperature is used to short-term load forecasting for Sunday during the consecutive holidays and then the loads of the special day during the consecutive holidays is calculated using the hourly power demand variation rate between the previous similar consecutive holidays. The proposed method is tested with 10 cases of the consecutive holidays from 2009 to 2012. Test results show that the average accuracy of the proposed method is improved about 2.96% by comparison with the fuzzy linear regression method.

A Study on the Demand Forecasting for IMT-2000 Services (IMT-2000 서비스의 수요예측)

  • Im, Su Deok;Jo, Jung Jae;Hwang, Jin Su;Jo, Yong Hwan
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.24 no.12A
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    • pp.2025-2033
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    • 1999
  • In this paper, we forecast launching time of the commercial IMT-2000 service as feb. 2001, according to expert’s opinion, and most of they forecast rapid evolution. And, we propose two different models according to two cases for competition power of price for IMT-2000 service subscriber demand forecasting. In this paper, we combine the expert’s opinion method with the growth curve model for demand forecasting for new products in order to reduce error of the demand forecasting that haven’t past references. The estimation of needed coefficients for each growth curve model is based on experts’ subjective opinions.

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A Study on the Forecasting of Employment Demand in Kenya Logistics Industry

  • Shin, Yong-John;Kim, Hyun-Duk;Lee, Sung-Yhun;Han, Hee-Jung;Pai, Hoo-Seok
    • Journal of Navigation and Port Research
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    • v.39 no.2
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    • pp.115-123
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    • 2015
  • This study focused on the alternative to estimate the demand of employment in Kenya logistics. First of all, it investigated the importance and necessity of search about the present circumstance of the country's industry. Next, it reviewed respectively the concept and limitation of several previous models for employment, including Bureau of Labor Statistics, USA; ROA, Netherlands; IER (Institute for Employment Research), UK; and IAB, Germany. In regard to the demand forecasting of employers in logistics, it could anticipate more realistically the future demand by the time-lag approach. According to the findings, if value of output record 733,080 KSH million in 2015 and 970,640 in 2020, compared to 655,222 in 2013, demand on wage employment in logistics industry would be reached up to 95,860 in 2015 and 104,329 in 2020, compared to about 89,600 in 2012. To conclude, this study showed the more rational numbers about the demand forecasting of employment than the previous researches and displayed the systematic approach to estimate industry manpower in logistics.

Evaluation of weather information for electricity demand forecasting (전력수요예측을 위한 기상정보 활용성평가)

  • Shin, YiRe;Yoon, Sanghoo
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.6
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    • pp.1601-1607
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    • 2016
  • Recently, weather information has been increasingly used in various area. This study presents the necessity of hourly weather information for electricity demand forecasting through correlation analysis and multivariate regression model. Hourly weather data were collected by Meteorological Administration. Using electricity demand data, we considered TBATS exponential smoothing model with a sliding window method in order to forecast electricity demand. In this paper, we have shown that the incorporation of weather infromation into electrocity demand models can significantly enhance a forecasting capability.

A Comparative Model Study on the Intermittent Demand Forecast of Air Cargo - Focusing on Croston and Holts models - (항공화물의 간헐적 수요예측에 대한 비교 모형 연구 - Croston모형과 Holts모형을 중심으로 -)

  • Yoo, Byung-Cheol;Park, Young-Tae
    • Journal of Korea Port Economic Association
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    • v.37 no.1
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    • pp.71-85
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    • 2021
  • A variety of methods have been proposed through a number of studies on sophisticated demand forecasting models that can reduce logistics costs. These studies mainly determine the applicable demand forecasting model based on the pattern of demand quantity and try to judge the accuracy of the model through statistical verification. Demand patterns can be broadly divided into regularity and irregularity. A regular pattern means that the order is regular and the order quantity is constant. In this case, predicting demand mainly through regression model or time series model was used. However, this demand is called "intermittent demand" when irregular and fluctuating amount of order quantity is large, and there is a high possibility of error in demand prediction with existing regression model or time series model. For items that show intermittent demand, predicting demand is mainly done using Croston or HOLTS. In this study, we analyze the demand patterns of various items of air cargo with intermittent patterns and apply the most appropriate model to predict and verify the demand. In this process, intermittent optimal demand forecasting model of air cargo is proposed by analyzing the fit of various models of air cargo by item and region.