• Journal of the Korean Society for Aviation and Aeronautics
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• v.27 no.3
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• pp.98-105
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• 2019

In the past 30 years, our aviation demand has been growing continuously. As such, the importance of the demand forecasting field is increasing. In this study, the factors influencing Korea's international air demand were selected, and the international air demand was analyzed, forecasted and reviewed through OLS multiple regression analysis. As a result, passenger demand was affected by GDP per capita, oil price and exchange rate, while cargo demand was affected by GDP per capita and private consumption growth rate. In particular, passenger demand was analyzed to be sensitive to temporary external shocks, and cargo demand was more affected by economic variables than temporary external shocks. Demand forecasting, OLS multiple regression analysis, passenger demand, cargo demand, transient external shocks, economic variables.

• Journal of Digital Convergence
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• v.16 no.5
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• pp.137-143
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• 2018

Korea's air passenger traffic has been growing steadily. In this paper, we propose a forecasting model of air passenger demand to ascertain the growth trend of air passenger transportation performance in Korea. We conducted a simulation based on System Dynamics with the demand as a dependent variable, and international oil prices, GDP and exchange rates as exogenous variables. The accuracy of the model was verified using MAPE and $R^2$, and the proposed prediction model was verified as an accurate prediction model. As a result of the demand forecast, it is predicted that the air passenger demand in Korea will continue to grow, and the share of low cost carriers will increase sharply. The addition of the Korean transportation performance of foreign carriers in Korea and the transportation performance of Korean passengers due to the alliance of airlines will provide a more accurate forecast of passenger demand.

• Journal of Advanced Navigation Technology
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• v.28 no.4
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• pp.472-479
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• 2024

Half of the world's total population lives in cities, continuous urbanization is progressing, and the urban population is expected to exceed two-thirds of the total population by 2050. To resolve this phenomenon, the Korean government is focusing on building a new urban air mobility (UAM) industrial ecosystem. Airlines are also part of the UAM industry ecosystem and are preparing to improve efficiency in safe operations, passenger safety, aircraft operation efficiency, and punctuality. This study performs demand forecasting using time series data on the number of daily passengers on Korean Air's Gimpo to Jeju route from 2019 to 2023. For this purpose, statistical and machine learning models such as SARIMA, Prophet, CatBoost, and Random Forest are applied. Methods for effectively capturing passenger demand patterns were evaluated through various models, and the machine learning-based Random Forest model showed the best prediction results. The research results will present an optimal model for accurate demand forecasting in the aviation industry and provide basic information needed for operational planning and resource allocation.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.30 no.4
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• pp.65-75
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• 2022

This study aims to forecast of Air Passenger Demand between South Korea and North Korea using the system dynamics analysis methodology that is based on the system thinking. System dynamics is not only a tool that makes the systematic thought to a model but also a computer program-based analysis methodology that mathematically models the system varying according to time variation. This study analyzed the causal relationship based on the interrelation among variables and structured them by considering various variables that affect aviation cooperation from the perspective of Air passenger demand forecasting. In addition, based on the causal relationship between variables, this study also completed the causal loop diagram that forms a feedback loop, constructed the stock-flow diagram of Inter-Korean model using Vensim program. In this study, Air passenger demand was using by the simulation variable value into System Dynamics. This study was difficult to reflect the various variables constituting the North Korea environment, and there is a limit to the occurrence of events in North Korea.

• 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.

• Communications for Statistical Applications and Methods
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• v.17 no.3
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• pp.473-481
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• 2010

Forecasting for air demand such as international passengers and freight has been one of the main interests for air industries. This research has mainly focus on the comparison of the performances of the multivariate time series models. In this paper, we used real data such as exchange rates, oil prices and export amounts to predict the future demand on international passenger and freight.

• Journal of Korean Society of Transportation
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• v.35 no.2
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• pp.143-159
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• 2017

For forecasting air cargo demand from Incheon National Airport to all of airports in the United States (US), this study employed the Seasonal Autoregressive Integrated Moving Average (SARIMA) method and the time-series data collected from the first quarter of 2003 to the second quarter of 2016. By comparing the SARIMA method against the ARIMA method, it was found that the SARIMA method performs well, relatively with time series data highlighting seasonal periodic characteristics. While existing previous research was generally focused on the air passenger and the air cargo as a whole rather than specific air routes, this study emphasized on a specific air cargo demand to the US route. The meaningful findings would support the future research.

• Journal of Korean Society of Transportation
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• v.32 no.4
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• pp.401-409
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• 2014

This study deals with capacity expansion planning of airport infrastructure in view of economic validation that reflect construction costs and social benefits according to the reduction of passengers' delay time. We first forecast the airport peak-demand which has a seasonal and cyclical feature with ARIMA model that has been one of the most widely used linear models in time series forecasting. A discrete event simulation model is built for estimating actual delay time of passengers that consider the passenger's dynamic flow within airport infrastructure after arriving at the airport. With the trade-off relationship between cost and benefit, we determine an economic quantity of conveyor that will be expanded. Through the experiment performed with the case study of Incheon international airport, we demonstrate that our approach can be an effective method to solve the airport expansion problem with seasonal passenger arrival and dynamic operational aspects in airport infrastructure.

• Journal of Korean Society of Transportation
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• v.27 no.2
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• pp.83-91
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• 2009

This paper aims to predict air passenger and air freight demands in the air routes between South and North Korea. The air demands will be fostered by the visitors of Pyeongyang and Baekdu Mountain, whose forecasts will be used for supplying the air traffic services necessary for the active exchange and cooperation between South and North Korea in the future. The authors use the tool of regression analysis under the assumption of epoch-making progress in demand for aviation in accordance with the exchange and cooperation scenario between South and North Korea. After predicting the total number of travelers through regression analysis, the authors applied the share of air passengers among total travelers in order to predict the number of air passengers. Finally, the number of flights of each airport and route were forecasted by including the air freight, estimated from the number of air passengers.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.16 no.4
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• pp.54-62
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• 2008

International organizations related to air transport such as ICAO, IATA, ACI are forecasting that the number of passenger will grow about 4.4% annually up to 2015. Therefore, the innovation of given system technology and operation procedure is required in global scale to cope with the increase of air traffic demand. CNS/ATM infrastructure based on satellite is considered to play key role in order to solve the problems due to the dramatic increase of air traffic demand over the world. Free flight concept in the air transport operation has been proved with CNS/ATM infrastructure especially in USA and Europe. Therefore, it is necessary to develop key technologies to overcome technology gap and to secure international competitiveness in Korea. ADS-B is an important issue, and new element technologies should be considered as essential items which were shown in Capstone project. Nowadays, the free flight concept is combined to Air Transport Road Map such as NextGen project in USA, SESAR in Europe. In this process, free flight is included in the concepts such as ATM(Air Traffic Management), aviation security and safety, environmental protection and economy development, wide area weather variable reduction service, information integration and application between the related authorities (civil/military) etc. The purpose of research is to establish mid-term and long-term infrastructure plan and strategy for free flight realization in Korea. The analysis of action target and equipment construction status, phase construction plan of infrastructure has been performed by considering mid-term and long-term free flight plans of USA and Europe.