• Journal of the military operations research society of Korea
• /
• v.8 no.1
• /
• pp.99-107
• /
• 1982

This paper is concerned with the optimality of exponential smoothing applied to the general IMA process with different moving average and differencing orders. Numerical experiments were performed for IMA(m,n) process with various combinations of m and n, and the corresponding forecast errors were compared. Results show that the higher differencing order is more critical to the optimality of exponential smoothing, i.e., the IMA process with the higher moving average order, forecasted by exponential smoothing, has comparatively smaller forecast error. If the difference between the differencing order and the moving average order becomes larger, the accuracy of forecast by exponential smoothing declines gradually.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.53 no.10
• /
• pp.529-535
• /
• 2004

Load forecasting is essential in the electricity market for the participants to manage the market efficiently and stably. A wide variety of techniques/algorithms for load forecasting has been reported in many literatures. These techniques are as follows: multiple linear regression, stochastic time series, general exponential smoothing, state space and Kalman filter, knowledge-based expert system approach (fuzzy method and artificial neural network). These techniques have improved the accuracy of the load forecasting. In recent 10 years, many researchers have focused on artificial neural network and fuzzy method for the load forecasting. In this paper, we propose an algorithm of a hybrid load forecasting method using fuzzy linear regression and general exponential smoothing and considering the sensitivities of the temperature. In order to consider the lower load of weekends and Monday than weekdays, fuzzy linear regression method is proposed. The temperature sensitivity is used to improve the accuracy of the load forecasting through the relation of the daily load and temperature. And the normal load of weekdays is easily forecasted by general exponential smoothing method. Test results show that the proposed algorithm improves the accuracy of the load forecasting in 1996.

• Industrial Engineering and Management Systems
• /
• v.7 no.1
• /
• pp.44-50
• /
• 2008

Focusing on the exponential smoothing method equivalent to (1, 1) order ARMA model equation, a new method of estimating smoothing constant using exponential smoothing method is proposed. This study goes beyond the usual method of arbitrarily selecting a smoothing constant. First, an estimation of the ARMA model parameter was made and then, the smoothing constants. The empirical example shows that the theoretical solution satisfies minimum variance of forecasting error. The new method was also applied to the stock market price of electrical machinery industry (6 major companies in Japan) and forecasting was accomplished. Comparing the results of the two methods, the new method appears to be better than the ARIMA model. The result of the new method is apparently good in 4 company data and is nearly the same in 2 company data. The example provided shows that the new method is much simpler to handle than ARIMA model. Therefore, the proposed method would be better in these general cases. The effectiveness of this method should be examined in various cases.

• Proceedings of the KIEE Conference
• /
• 1993.07a
• /
• pp.29-32
• /
• 1993

A technique computing short-term load foadcasting is essential for monitoring and controlling power system operation. This paper shows the use of general exponential smoothing to develop an adaptive forecasting system based on observed value of hourly demand. Forecasts of hourly load with lead times of one to twenty-four hours are computed at hourly intervals throughout the week. Standard error for lead times of one to twenty-four hour range from three to four percent average load. Studies are planned to investigate the use of weather influence to increase forecast accuracy.

• The Transactions of the Korean Institute of Electrical Engineers
• /
• v.43 no.5
• /
• pp.730-738
• /
• 1994

The major advantage of the short-term load forecasting technique using general exponential smoothing is high accuracy and operational simplicity, but it makes large forecasting error when the load changes repidly. The paper has presented new technique to improve those shortcomings, and according to forecasted the technique proved to be valid for two years. The structure of load model is time function which consists of daily-and temperature-deviation component. The average of standard percentage erro in daily forecasting for two years was 2.02%, and this forecasting technique has improved standard erro by 0.46%. As relative coefficient for daily and seasonal forecasting is 0.95 or more, this technique proved to be valid.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.39 no.1
• /
• pp.25-30
• /
• 2016

It is critical to forecast the maximum daily and monthly demand for power with as little error as possible for our industry and national economy. In general, long-term forecasting of power demand has been studied from both the consumer's perspective and an econometrics model in the form of a generalized linear model with predictors. Time series techniques are used for short-term forecasting with no predictors as predictors must be predicted prior to forecasting response variables and containing estimation errors during this process is inevitable. In previous researches, seasonal exponential smoothing method, SARMA (Seasonal Auto Regressive Moving Average) with consideration to weekly pattern Neuron-Fuzzy model, SVR (Support Vector Regression) model with predictors explored through machine learning, and K-means clustering technique in the various approaches have been applied to short-term power supply forecasting. In this paper, SARMA and intervention model are fitted to forecast the maximum power load daily, weekly, and monthly by using the empirical data from 2011 through 2013. $ARMA(2,\;1,\;2)(1,\;1,\;1)_7$ and $ARMA(0,\;1,\;1)(1,\;1,\;0)_{12}$ are fitted respectively to the daily and monthly power demand, but the weekly power demand is not fitted by AREA because of unit root series. In our fitted intervention model, the factors of long holidays, summer and winter are significant in the form of indicator function. The SARMA with MAPE (Mean Absolute Percentage Error) of 2.45% and intervention model with MAPE of 2.44% are more efficient than the present seasonal exponential smoothing with MAPE of about 4%. Although the dynamic repression model with the predictors of humidity, temperature, and seasonal dummies was applied to foretaste the daily power demand, it lead to a high MAPE of 3.5% even though it has estimation error of predictors.

• Journal of Institute of Control, Robotics and Systems
• /
• v.15 no.3
• /
• pp.337-345
• /
• 2009

The dependence of numerous systems on electronic devices is causing rapidly increasing concern over fault tolerance because of safety issues of safety critical system. As an example, a vehicle with electronics-controlled system such as x-by-wire systems, which are replacing rigid mechanical components with dynamically configurable electronic elements, should be fault￢tolerant because a devastating failure could arise without warning. Fault-tolerant systems have been studied in detail, mainly in the field of aeronautics. As an alternative to solve these problems, this paper presents the fuzzy hybrid redundancy system that can remove most erroneous faults with fuzzy fault detection algorithm. In addition, several numerical simulation results are given where the fuzzy hybrid redundancy outperforms with general voting method.

• Proceedings of the KIEE Conference
• /
• summer
• /
• pp.683-685
• /
• 2004

This paper introduces a basic design for the short-term load forecasting system using a commercial data base. The proposed system uses a hybrid load forecasting method using fuzzy linear regression for forecasting of weekends and Monday and general exponential smoothing for forecasting of weekdays. The temperature sensitive is used to improve the accuracy of the load forecasting during the summer season. MS-SQL Sever has been used a commercial data base for the proposed system and the database is operated by ADO(ActiveX Data Objects) and RDO(Remote Data Object). Database has been constructed by altering the historical load data for the past 38 years. The weather iDormation is included in the database. The developed short-term load forecasting system is developed as a user friendly system based on GUI(Graphical User interface) using MFC(Microsoft Foundation Class). Test results show that the developed system efficiently performs short-term load forecasting.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.54 no.6
• /
• pp.259-266
• /
• 2005

Short-term load forecasting algorithm using neural networks and the sensitivity of temperatures in the summer season is proposed. In recent 10 years, many researchers have focused on artificial neural network approach for the load forecasting. In order to improve the accuracy of the load forecasting, input parameters of neural networks are investigated for three training cases of previous 7-days, 14-days, and 30-days. As the result of the investigation, the training case of previous 7-days is selected in the proposed algorithm. Test results show that the proposed algorithm improves the accuracy of the load forecasting.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.61 no.12
• /
• pp.1765-1773
• /
• 2012

The accuracy of load forecast is very important from the viewpoint of economical power system operation. In general, the weekdays' load demand pattern has the continuous time series characteristics. Therefore, the conventional methods expose stable performance for weekdays. In case of special days or weekends, the load demand pattern has the discontinuous time series characteristics, so forecasting error is relatively high. Especially, weekdays near the thanksgiving day and lunar new year's day have the mixed load profile characteristics of both weekdays and weekends. Therefore, it is difficult to forecast these days by using the existing algorithms. In this study, a new load forecasting method is proposed in order to enhance the accuracy of the forecast result considering the characteristics of weekdays and weekends. The proposed method was tested with these days during last decades, which shows that the suggested method considerably improves the accuracy of the load forecast results.