• Title/Summary/Keyword: Demand estimation

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A Survey Research for Power Demand Forecast Criteria of new Industry Complex (산업수용가에 대한 전력수요 예측기준에 관한 조사연구)

  • Nam, Kee-Young;Choi, Sang-Bong;Jeong, Seong-Hwan;Ryoo, Hee-Suk;Kim, Dae-Kyung
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.86-88
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    • 2003
  • New cities and industrial complexes are being developed actively according to the government's policy. To determine the size of investment, number of power lines and substations for stable power supply to newly developed industrial complexes, the accurate estimation of power demand is necessary. "The standards for the estimation of power demands in newly developed residential and industrial complexes" established by KEPCO in 1991 have been used up to now. But the background for the estimation of power demands is weak and the accuracy has not been verified. Also, it has been passed above 10 years since their establishment and the social & economic situations have changed a lot, which requires an urgent revision. Through this survey and analysis of existing areas, new standards that will enable more accurate estimation of power demands in new cities and industrial complexes to be developed in the future are established by calculating the some kinds of power demand factors.

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Bhumipol Dam Operation Improvement via smart system for the Thor Tong Daeng Irrigation Project, Ping River Basin, Thailand

  • Koontanakulvong, Sucharit;Long, Tran Thanh;Van, Tuan Pham
    • Proceedings of the Korea Water Resources Association Conference
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    • 2019.05a
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    • pp.164-175
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    • 2019
  • The Tor Tong Daeng Irrigation Project with the irrigation area of 61,400 hectares is located in the Ping Basin of the Upper Central Plain of Thailand where farmers depended on both surface water and groundwater. In the drought year, water storage in the Bhumipol Dam is inadequate to allocate water for agriculture, and caused water deficit in many irrigation projects. Farmers need to find extra sources of water such as water from farm pond or groundwater as a supplement. The operation of Bhumipol Dam and irrigation demand estimation are vital for irrigation water allocation to help solve water shortage issue in the irrigation project. The study aims to determine the smart dam operation system to mitigate water shortage in this irrigation project via introduction of machine learning to improve dam operation and irrigation demand estimation via soil moisture estimation from satellite images. Via ANN technique application, the inflows to the dam are generated from the upstream rain gauge stations using past 10 years daily rainfall data. The input vectors for ANN model are identified base on regression and principal component analysis. The structure of ANN (length of training data, the type of activation functions, the number of hidden nodes and training methods) is determined from the statistics performance between measurements and ANN outputs. On the other hands, the irrigation demand will be estimated by using satellite images, LANDSAT. The Enhanced Vegetation Index (EVI) and Temperature Vegetation Dryness Index (TVDI) values are estimated from the plant growth stage and soil moisture. The values are calibrated and verified with the field plant growth stages and soil moisture data in the year 2017-2018. The irrigation demand in the irrigation project is then estimated from the plant growth stage and soil moisture in the area. With the estimated dam inflow and irrigation demand, the dam operation will manage the water release in the better manner compared with the past operational data. The results show how smart system concept was applied and improve dam operation by using inflow estimation from ANN technique combining with irrigation demand estimation from satellite images when compared with the past operation data which is an initial step to develop the smart dam operation system in Thailand.

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An Estimation on the Need and Supply for Visiting Nursing Services of Health Center in Seoul (서울시 보건소 방문간호 수요.공급 추계)

  • Myoung, Jae-Il;Hwang, Rah-Il;Ryu, Ho-Sihn
    • Research in Community and Public Health Nursing
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    • v.14 no.4
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    • pp.587-597
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    • 2003
  • Purpose: The purpose of this study was to estimate the demand and supply of visiting nursing services provided by health centers in urban area, aiming at strengthening infrastructure, which may improved the quality of life and health status of vulnerable population in the community. Methods: This study was conducted through nominal group discussion, focus group study. The demand and supply of visiting nursing were estimated by health economists based on the secondary analysis data from 25 health centers in Seoul. Result: Primary targets for the visiting nursing must be people who are homebound in the community. They can be classified into: a group of Level I: chronic patients who need visiting nursing care at least once a week: and a group of Level II: vulnerable families that need management periodically e. g. twice a month. Based on the estimation of demand for visiting nursing services in the community, the estimated supply required was $651{\sim}770$ visiting nurses including home health nurses in visiting nursing programs based on health centers in Seoul. Conclusions: The estimated demand and supply of visiting nursing are expected to provide basic data for establishing alternative policies on visiting nursing infrastructure that might be accomplished through demand-based visiting nursing programs by districts.

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Estimation of Dynamic Effects of Price Increase on Sales Using Bayesian Hierarchical Model (베이지안 다계층모형을 이용한 가격인상에 따른 판매량의 동적변화 추정 및 예측)

  • Jeon, Deok-Bin;Park, Seong-Ho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2005.05a
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    • pp.798-805
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    • 2005
  • Estimating the effects of price increase on a company's sales is important task faced by managers. If consumer has prior information on price increase or expect it, there would be stockpiling and subsequent drops in sales. In addition, consumer can suppress demand in the short run. Above factors make the sales dynamic and unstable. We develop a time series model to evaluate the sales patterns with stockpiling and short term suppression of demand and also propose a forecasting procedure. For estimation, we use panel data and extend the model to Bayesian hierarchical structure. By borrowing strength across cross-sectional units, this estimation scheme gives more robust and reasonable result than one from the individual estimation. Furthermore, the proposed scheme yields improved predictive power in the forecasting of hold-out sample periods.

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Estimation and Forecasting of Dynamic Effects of Price Increase on Sales Using Panel Data (패널자료를 이용한 가격인상에 따른 판매량의 동적변화 추정 및 예측)

  • Park Sung-Ho;Jun Duk-Bin
    • Journal of the Korean Operations Research and Management Science Society
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    • v.31 no.2
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    • pp.157-167
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    • 2006
  • Estimating the effects of price increase on a company's sales is important task faced by managers. If consumer has prior information on price increase or expects it, there would be stockpiling and subsequent drops in sales. In addition, consumer can suppress demand in the short run. These factors make the sales dynamic and unstable. In this paper we develop a time series model to evaluate the sales patterns with stockpiling and short-term suppression of demand and also propose a forecasting procedure. For estimation, we use panel data and extend the model to Bayesian hierarchical structure. By borrowing strength across cross-sectional units, this estimation scheme gives more robust and reasonable result than one from the individual estimation. Furthermore, the proposed scheme yields improved predictive power in the forecasting of hold-out sample periods.

A study on the job creation of environmental industry in Korea (우리나라 환경산업 노동수요 추정에 관한 연구)

  • Hwang, Suk-Joon
    • Journal of Environmental Policy
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    • v.7 no.1
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    • pp.101-118
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    • 2008
  • In this study, we estimate the labor demand function of environmental industry with environmental industry survey of Ministry of Environment. To do this, we apply the panel estimation technique. We follow the widely accepted estimation methods: panel generalized least square, panel generalized least square with heteroskedasticity/auto-correlation, random effect model and random effect model with auto-correlation. On the average, each industry is estimated at the elasticity of sales on labor demand from 0.193 to 0.259. It means that the increase of sales by 214billion won can create around $1,600{\sim}2,300$ jobs, and this is merely a direct effect. So when we consider the whole effect of labor demand increase including indirect derived job creation, the labor demand increase will be higher than this. So it is desirable for the government to support the development of environmental industry for sustainable development.

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Pollution Abatement Costs and Labor Demand in Korea Manufacturing Industries (제조업의 환경오염방지지출과 노동수요)

  • Hwang, Seok-Joon;Kang, Man-Ok
    • Environmental and Resource Economics Review
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    • v.14 no.4
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    • pp.893-921
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    • 2005
  • In this study, we try to find out the effect of private companies' environmental protection activities on the labor demand of companies in Korea manufacturing industries with empirical practice from 1992 to 2002. One of the main difficulties in this empirical work is to identify the effect of environmental protection activities on the labor demand, because the effect can be mixed with the effect of traditional production technologies on the labor demand. We follow the suggestion of Morgenstern et al. (2002) to identify the effect but which is not enough because of endogeneity between the production technology improvement and pollution reduction. So we propose a Fixed-effect Instrumental Variable estimation method as an estimation strategy. The estimation results support the positive relationship between the labor demand increase and the increase in pollution abatement costs. Therefore, we can conclude that the environmental protection activites of Korea manufacturing industries from 1992 to 2002 can help job creation without making a big burden for business activities when we consider the share of pollution abatement costs among total production costs is around 1% during that time.

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An Estimation for Highway Trip Demand Functions Based upon Time Series Analysis (시계열 분석을 통한 고속도로 통행수요함수의 추정)

  • Lee, Jai-Min;Park, Soo-Shin
    • Journal of Korean Society of Transportation
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    • v.23 no.7 s.85
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    • pp.7-15
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    • 2005
  • The objective of this study is to estimate highway trip demand functions in Korea. In order to estimate them, I propose various socio-economic variables that affect the highway trip demand functions. I use the unit root test for each variable and the cointegration test to and the relationships among variables. Finally, I use the vector error correction model, to get the highway trip demand functions. The implication which I derive from the estimation is that real GDP and highway tolls have positive and negative effects, respectively. on the highway trip demand.

Estimation of the Demand Function of the Information and Communication Construction Business

  • Kwak, Jeong Ho;Lee, Jemin Justin;Lee, Han-Joo;Lee, Bong Gyou
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.9 no.8
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    • pp.3249-3257
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    • 2015
  • The smart convergence environment, in which all industries are converged around ICT infrastructure -- with the eventual inclusion of both industry and culture -- looms. With the emergence of new convergence industries such as smart medicine, smart cities, and smart automobiles, the ICT infrastructure is recognized as the foundation of the overall economy. As such, the importance of the next generation of information and communication construction businesses, which constructs the ICT infrastructure, is highlighted under the smart convergence paradigm environment; various multilateral policies to foster the information and communication construction business -- led by the Ministry of Science, ICT, and Future Planning -- are being implemented. Like other infrastructure industries, however, the estimation of the demand function of the information and communication construction business overall is essential for effectively establishing promotional policies for information and communication construction businesses. However, there has been no study which theoretically estimates the market demand function in the information and communication construction business thus far. The pursuit of a creative economy is a national agenda, as the significance of accelerating the ICT infrastructure is emphasized. Therefore, this paper seeks to estimate quantitatively the demand function in the information and communication construction business using empirical data and a statistical model and then to present policy implications which will aid the development of the information and communication construction business.

A Study on Efficient Work Force Supply-Demand According to the Employment Permit System for Foreigners (외국인 고용허가제 도입에 따른 효율적 노동인력 수급에 관한 연구)

  • Kim, Heung-Jae;Park, Jae-Hyun;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.9 no.1
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    • pp.175-186
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    • 2007
  • The employment permit system for foreigners, which stresses introduction of foreign work force in a legal manner rather than in the position of being trainees, is anticipated to efficiently improve introduction and the overall management system of foreign work force and related difficulties such as illegal alien problems, absurdity on sending laborers overseas. In this paper, a prospective model of supply and demand of work force has been developed basing on various categories of industries and patterns about nationally practical foreign employees to look over efficient supply and demand of work force suiting employment of foreigner among foreign work force policies. To propose the prospective model, we have derived industry- and pattern-related matrixes of foreign laborers basing on Inter-Industry Analysis Method put forth by Professor Leontiyef in 1930, and through the derived matrix assessed repercussions concerning overall domestic industries and foreigner types and decided yearly weight; the capacity of supply and demand of foreign laborers can be compared through proposed statistical estimation and government estimation by combining the determined weight with yearly incomes of foreign laborers. This paper has thoroughly considered the particularity of our employment permit system for foreigners and applied the Weibull distribution and incorporated the dependence of foreign laborers during the limited period of 3 years to the industry relation analysis, ultimately proposing an efficient supply and demand method about domestic foreign work force.