• Title/Summary/Keyword: Demand forecast

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Forecasting of Heat Demand in Winter Using Linear Regresson Models for Korea District Heating Corporation (한국지역난방공사의 겨울철 열수요 예측을 위한 선형회귀모형 개발)

  • Baek, Jong-Kwan;Han, Jung-Hee
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.3
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    • pp.1488-1494
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    • 2011
  • In this paper, we propose an algorithm using linear regression model that forecasts the demand of heated water in winter. To supply heated water to apartments, stores and office buildings, Korea District Heating Corp.(KDHC) operates boilers including electric power generators. In order to operate facilities generating heated water economically, it is essential to forecast daily demand of heated water with accuracy. Analysis of history data of Kangnam Branch of KDHC in 2006 and 2007 reveals that heated water supply on previous day as well as temperature are the most important factors to forecast the daily demand of heated water. When calculated by the proposed regression model, mean absolute percentage error for the demand of heated water in winter of the year 2006 through 2009 does not exceed 3.87%.

Supply-Demand Forecast of Professional Engineer in construction field (건설분야 기술사 인력수급 전망)

  • Lee, Sam-Seok;Lee, Young-Hwan;Kim, Sun-Kuk
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.453-457
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    • 2006
  • After the introduction of Professional Engineer System to secure superior technical personnel in 1963, the engineering license regulations were introduced in 1995 - the person qualified with either the academic back ground or career in the construction field can be authorized as a construction engineer- to cope with higher demands for construction engineers caused by revitalization of construction business such as 2 million house construction. As a result, the number of construction engineers has been increased drastically since year 2000, which caused serious problems in utilizing top technical certificate, the PE's. Recently, relating to the opening of technology market according to WTO agreement and mutual authentication among countries and etc., the government is preparing legal and systematic foundations to guarantee the professionalism of engineers. Through the exact supply-demand forecast of PE's reflecting these systematic aspects, we are going to analyze the problems in the supply-demand of PE's and suggest the systematic improvement plans for managing the supply-demand of PE's. The result of this research can be used for building efficient and consistent raising and utilizing system of PE's as well as supply and demand system of qualified PE's

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Development of Demand Forecasting Algorithm in Smart Factory using Hybrid-Time Series Models (Hybrid 시계열 모델을 활용한 스마트 공장 내 수요예측 알고리즘 개발)

  • Kim, Myungsoo;Jeong, Jongpil
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.19 no.5
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    • pp.187-194
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    • 2019
  • Traditional demand forecasting methods are difficult to meet the needs of companies due to rapid changes in the market and the diversification of individual consumer needs. In a diversified production environment, the right demand forecast is an important factor for smooth yield management. Many of the existing predictive models commonly used in industry today are limited in function by little. The proposed model is designed to overcome these limitations, taking into account the part where each model performs better individually. In this paper, variables are extracted through Gray Relational analysis suitable for dynamic process analysis, and statistically predicted data is generated that includes characteristics of historical demand data produced through ARIMA forecasts. In combination with the LSTM model, demand forecasts can then be calculated by reflecting the many factors that affect demand forecast through an architecture that is structured to avoid the long-term dependency problems that the neural network model has.

Demand Prediction of Furniture Component Order Using Deep Learning Techniques (딥러닝 기법을 활용한 가구 부자재 주문 수요예측)

  • Kim, Jae-Sung;Yang, Yeo-Jin;Oh, Min-Ji;Lee, Sung-Woong;Kwon, Sun-dong;Cho, Wan-Sup
    • The Journal of Bigdata
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    • v.5 no.2
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    • pp.111-120
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    • 2020
  • Despite the recent economic contraction caused by the Corona 19 incident, interest in the residential environment is growing as more people live at home due to the increase in telecommuting, thereby increasing demand for remodeling. In addition, the government's real estate policy is also expected to have a visible impact on the sales of the interior and furniture industries as it shifts from regulatory policy to the expansion of housing supply. Accurate demand forecasting is a problem directly related to inventory management, and a good demand forecast can reduce logistics and inventory costs due to overproduction by eliminating the need to have unnecessary inventory. However, it is a difficult problem to predict accurate demand because external factors such as constantly changing economic trends, market trends, and social issues must be taken into account. In this study, LSTM model and 1D-CNN model were compared and analyzed by artificial intelligence-based time series analysis method to produce reliable results for manufacturers producing furniture components.

Electric Power Demand Prediction Using Deep Learning Model with Temperature Data (기온 데이터를 반영한 전력수요 예측 딥러닝 모델)

  • Yoon, Hyoup-Sang;Jeong, Seok-Bong
    • KIPS Transactions on Software and Data Engineering
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    • v.11 no.7
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    • pp.307-314
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    • 2022
  • Recently, researches using deep learning-based models are being actively conducted to replace statistical-based time series forecast techniques to predict electric power demand. The result of analyzing the researches shows that the performance of the LSTM-based prediction model is acceptable, but it is not sufficient for long-term regional-wide power demand prediction. In this paper, we propose a WaveNet deep learning model to predict electric power demand 24-hour-ahead with temperature data in order to achieve the prediction accuracy better than MAPE value of 2% which statistical-based time series forecast techniques can present. First of all, we illustrate a delated causal one-dimensional convolutional neural network architecture of WaveNet and the preprocessing mechanism of the input data of electric power demand and temperature. Second, we present the training process and walk forward validation with the modified WaveNet. The performance comparison results show that the prediction model with temperature data achieves MAPE value of 1.33%, which is better than MAPE Value (2.33%) of the same model without temperature data.

Demand Forecast For Empty Containers Using MLP (MLP를 이용한 공컨테이너 수요예측)

  • DongYun Kim;SunHo Bang;Jiyoung Jang;KwangSup Shin
    • The Journal of Bigdata
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    • v.6 no.2
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    • pp.85-98
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    • 2021
  • The pandemic of COVID-19 further promoted the imbalance in the volume of imports and exports among countries using containers, which worsened the shortage of empty containers. Since it is important to secure as many empty containers as the appropriate demand for stable and efficient port operation, measures to predict demand for empty containers using various techniques have been studied so far. However, it was based on long-term forecasts on a monthly or annual basis rather than demand forecasts that could be used directly by ports and shipping companies. In this study, a daily and weekly prediction method using an actual artificial neural network is presented. In details, the demand forecasting model has been developed using multi-layer perceptron and multiple linear regression model. In order to overcome the limitation from the lack of data, it was manipulated considering the business process between the loaded container and empty container, which the fully-loaded container is converted to the empty container. From the result of numerical experiment, it has been developed the practically applicable forecasting model, even though it could not show the perfect accuracy.

A Study on Forecasting Demand and Supply of Marine Officer for Korean Ocean-Going Merchant Vessels (외항 상선 해기사 인력 수요 및 공급 예측에 관한 연구)

  • Sang-hoon Shin;Yong-John Shin
    • Journal of Navigation and Port Research
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    • v.48 no.1
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    • pp.7-16
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    • 2024
  • Although the number of ocean-going merchant ships is increasing, the number of Korean marine officers is decreasing. This manpower shortage problem is becoming more serious. This study objectively measured factors determining the demand and supply of ocean-going merchant ship officers and forecasted the exact manpower demand and supply. Demand was predicted by applying the number of ship officers required for each ship size to the number of ships forecasted. The supply was predicted by segmenting by position and age using the Markov model, reflecting increase/decrease factors such as promotion, turnover, retirement, and new entry by year. The demand for ocean-going merchant ship officers will increase from 11,638 in 2023 to 13,879 in 2030 while the supply will decrease from7,006 in 2023 to 6,426 in 2030, with the shortage expected to exceed 10,000 in 2040. This study can be used as a reference to solve the problem of manpower shortage for ocean-going merchant ship officers by improving the accuracy of predictions through objective data, scientific analysis methods, and logical reasoning.

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.