• The Korean Journal of Applied Statistics
• /
• v.21 no.1
• /
• pp.151-157
• /
• 2008

In generally, we use a method of the survey to forecast the economic demands and non-economic demands for a market trend. But we have a difficult problem to estimate the demand for the marketplace objectively because the survey with the non-response and the inadequate understanding on questionnaires did not provided the strong and uniform forecast. Here, we proposed a method compounded of survey and a statistical model to estimate the demand for the marketplace and discussed the mixture model applied to the service demand on an agency.

• Journal of Korean Society of Water and Wastewater
• /
• v.11 no.1
• /
• pp.109-118
• /
• 1997

In this study, we examined the structural analysis of water demand fluctuation for water distribution control of water supply network. In order to analyze for the length of stationary time series, we calculate autocorrelation coefficient of each case equally divided data size. As a result, it was found that, with the data size of around three months, any case could be used as stationary time series. we analyze cross-correlation coefficient between the daily water consumption's data and primary influence factors. As a result, we have decided to use weather conditions and maximum temperature as natural primary factors and holidays as a social factor. Applying the multiple ARIMA model, we obtains an effective model to describe the daily water demand prediction. From the forecasting result, even though we forecast water distribution quantity of the following year, estimated values well express the flctuations of measurements. Thus, the suitability of the model for practical use can be confirmed. When this model is used for practical water distribution control, water distribution quantity for the following day should be found by inputting maximum temperature and weather conditions obtained from weather forecast, and water purification plants and service reservoirs should be operated based on this information while operation of pumps and valves should be set up. Consequently, we will be able to devise a rational water management system.

• Environmental and Resource Economics Review
• /
• v.28 no.2
• /
• pp.177-200
• /
• 2019

Energy demand forecast which serves as an essential input in energy policy is exposed to multiple factors of uncertainty such as GDP and weather forecast uncertainty. The Master Plan of Electricity Market in Korea which is biennially prepared is critically based on fluctuating energy demand forecast whereas its resulting proposal on electricity generation mix is substantially irreversible. The paper provides a real options model to evaluate energy transition policy by considering Knightian uncertainty as a measure to study multiple uncertainties with multiple set of probability distributions. Our finding is that the current energy transition policy under the master plan is not robust in terms of securing stable management of electricity demand and supply system.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.38 no.3
• /
• pp.159-168
• /
• 2015

Aggregate Production Planning determines levels of production, human resources, inventory to maximize company's profits and fulfill customer's demands based on demand forecasts. Since performance of aggregate production planning heavily depends on accuracy of given forecasting demands, choosing an accurate forecasting method should be antecedent for achieving a good aggregate production planning. Generally, typical forecasting error metrics such as MSE (Mean Squared Error), MAD (Mean Absolute Deviation), MAPE (Mean Absolute Percentage Error), and CFE (Cumulated Forecast Error) are utilized to choose a proper forecasting method for an aggregate production planning. However, these metrics are designed only to measure a difference between real and forecast demands and they are not able to consider any results such as increasing cost or decreasing profit caused by forecasting error. Consequently, the traditional metrics fail to give enough explanation to select a good forecasting method in aggregate production planning. To overcome this limitation of typical metrics for forecasting method this study suggests a new metric, WACFE (Weighted Absolute and Cumulative Forecast Error), to evaluate forecasting methods. Basically, the WACFE is designed to consider not only forecasting errors but also costs which the errors might cause in for Aggregate Production Planning. The WACFE is a product sum of cumulative forecasting error and weight factors for backorder and inventory costs. We demonstrate the effectiveness of the proposed metric by conducting intensive experiments with demand data sets from M3-competition. Finally, we showed that the WACFE provides a higher correlation with the total cost than other metrics and, consequently, is a better performance in selection of forecasting methods for aggregate production planning.

• IE interfaces
• /
• v.16 no.4
• /
• pp.400-410
• /
• 2003

Most of the demand forecasting which have been studied is about long-term time series over 15 years demand forecasting. In this paper, we set up the most optimal ARIMA model for the short-term time series demand forecasting and suggest demand forecasting system for short-term time series by appraising suitability and predictability. We are going to use the univariate ARIMA model in parallel with the bivariate transfer function model to improve the accuracy of forecasting. We also analyze the effect of advertisement cost, scale of branch stores, and number of clerk on the establishment of marketing policy by applying statistical methods. After then we are going to show you customer's needs, which are number of buying products. We have applied this method to forecast the annual sales of refrigerator in four branch stores of A company.

• IEMEK Journal of Embedded Systems and Applications
• /
• v.9 no.3
• /
• pp.137-143
• /
• 2014

Demand Controller is a load control device that monitor the current power consumption and calculate the forecast power to not exceed the power set by consumer. Accurate demand forecasting is important because of controlling the load use the way that sound a warning and then blocking the load when if forecasted demand exceed the power set by consumer. When if consumer with fluctuating power consumption use the existing forecasting method, management of demand control has the disadvantage of not stable. In this paper, load forecasting of the unit of seconds using the Exponential Smoothing Methods, ARIMA model, Kalman Filter is proposed. Also simulation of load forecasting of the unit of the seconds methods and existing forecasting methods is performed and analyzed the accuracy. As a result of simulation, the accuracy of load forecasting methods in seconds is higher.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.59 no.11
• /
• pp.1956-1963
• /
• 2010

Studies on the development of various energy management programs and real-time bidirectional information infrastructures have been actively conducted to promote the reduction of power demands and CO2 emissions effectively. In the conventional energy management programs, the demand response program that can transition or transfer the power use spontaneously for power prices and other signals has been largely used throughout the inside and outside of the country. For measuring the effect of such demand response program, it is necessary to exactly estimate short-term loads. In this study, the power consumption patterns in both individual and group consumers were analyzed to estimate the exact short-term loads, and the relationship between the actual power consumption and seasonal factors was also analyzed.

• Journal of Integrative Natural Science
• /
• v.12 no.1
• /
• pp.20-23
• /
• 2019

Demand response is usually operated through using the power rates and incentives. Demand management based on power charges is the most rational and efficient demand management method, and such methods include rolling base charges with peak time, sliding scaling charges depending on time, sliding scaling charges depending on seasons, and nighttime power charges. Search for other methods to stimulate resources on demand by actively deriving the demand reaction of loads to increase the energy efficiency of loads. In this paper, ESS algorithm for saving energy based on predicting the amount of solar power generation that can be used for buildings with small loads not under electrical grid.

• Journal of Information Technology Applications and Management
• /
• v.26 no.2
• /
• pp.61-73
• /
• 2019

In 2019, 5G mobile communication technology will be commercialized. From the viewpoint of technological innovation, 5G service can be applied to other industries or developed further. Therefore, it is important to measure the demand of the Internet of things (IoT) because it is predicted to be commercialized widely in the 5G era and its demand hugely effects on the economic value of 5G industry. In this paper, we applied Bayesian method on regression model to find out the demand of 5G IoT service, wearable service in particular. As a result, we confirmed that the Bayesian regression model is closer to the actual value than the existing regression model. These findings can be utilized for predicting future demand of new industries.

• Journal of Practical Agriculture & Fisheries Research
• /
• v.13 no.1
• /
• pp.83-102
• /
• 2011

The purpose of this study carried out to analyze production status, pricing trend and distribution status of landscape plants, so that it could predict the demand of landscape plants for the balance of supply and demand. The production amount of landscape plants made constantly increased. The annual output of shrubs increased more higher than that of trees. The prices of trees have raised consistently, but shrubs were susceptible to price fluctuations. And there were still many problems in the distribution structure. The landscaping work has focused on the metropolitan area. And large-scale nationwide projects were scheduled for coming years, so the demand of landscape plants was expected to expend. However, the lack of increase in production amounts of landscape plants, it is cause to supply problems. So, demand forecast was necessary to control the production of landscape plants.