• Journal of Korean Society of Water and Wastewater
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• v.23 no.2
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• pp.241-249
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• 2009

It is well known that the trend of water demand in large-size water supply systems has been suddenly changed, and many expansions of water supply facilities become unnecessary. To be cost-effective, thus, politicians as well as many professionals lay stress on the adaptive management of water supply facilities. Failure in adapting to the new trend of demand is sure to be the most critical reason of unnecessary expansions. Hence, we try to develop the model and modeling procedure that do not depend on the old data of demand, and provide engineers with the fast learning process. To forecast water demand of Seoul, the Bayesian parameter estimation was applied, which is a representative method for statistical pattern recognition. It results that we can get a useful time-series model after observing water demand during 6 years, although trend of water demand were suddenly changed.

• Journal of Oral Medicine and Pain
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• v.6 no.1
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• pp.45-56
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• 1981

The demand and supply of dentists was studied by the econometrical model. It is based on the data of socio-economic-cultural statistic from 1967 to 1977; GNP, average monthly consumption expenditure per household, consumption of milk, populat ion, consumption of energy, water supply per person a day and entrance rate of senior high school. 1.The curved regression equation and multiple correlation coefficient (R)between the number of dentists(Y) and year (x)were $Y=4,122(1.06)^x$,R=0.995. 2. From 1982 to 1985, expected demand and expected supply will be approximately balanced. But dentists will be oversupplied conspicuously from the year of 1986. Such a oversupply will be remarkably incresed to the amount of 1860 in the year of 2000. 3. It is seemed that balanced number of graduates of dental colleges will be about 350 to the year of 1985, from the year of 1986, will be about 450, from the year of 1981, will be about 600 and from the year of 1996, will be about 700. 4. In 2000, persons served by each dentist will be 3550 by the expected supply and 4120 by the expected demand.

• Journal of Korean Institute of Industrial Engineers
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• v.35 no.3
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• pp.203-212
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• 2009

The bullwhip effect refers to the phenomenon where demand variability is amplified when one moves upward a supply chain. In this paper, we exactly quantify the bullwhip effect for cases of seasonal demand processes in a two-echelon supply chain with a single retailer and a single supplier. In most of the previous research, some measures of performance for the bullwhip effect are developed for cases of non-seasonal demand processes. The retailer performs demand forecast with a multiplicative seasonal mixed model by using the minimum mean square error forecasting technique and employs a base stock policy. With the developed bullwhip effect measure, we investigate the impact of seasonal factor on the bullwhip effect. Then, we prove that seasonal factor plays an important role on the occurrence of the bullwhip effect.

• Journal of Korean Society for Quality Management
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• v.36 no.4
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• pp.93-101
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• 2008

The rare metals, used for semiconductors, PDP-LCS and other specialized metal areas necessarily, has been playing a key role for the Korean economic development. Rare metals are influenced by exogenous variables, such as production quantity, price and supplied areas. Nowadays the supply base of rare metals is threatened by the sudden increase in price. For the stable supply of rare metals, a rational demand outlook is needed. In this study, focusing on the domestic demand for chromium, the uncertainty and probability materializing from demand and price is analyzed, further, a demand forecast model, which takes into account various exogenous variables, is suggested, differing from the previously static model. Also, through the OOS(out-of-sampling) method, comparing to the preexistence ARIMA model, ARMAX model, multiple regression analysis model and ECM(Error Correction Mode) model, we will verify the superiority of suggested model in this study.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.15 no.3
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• pp.1471-1477
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• 2014

This paper addresses the development on supply-demand outlook model of Jeju winter radish and introduces a projection of supply-demand and market prices during 2014-2018 using the model. The supply-demand outlook model is specified as a partial equilibrium model of Jeju winter radish. Each equation in the model is estimated by using the econometric techniques. A review of the model stability is also carried out by the references based on RMSPE, MAPE, and Theil's inequality coefficients. According to the reference of RMAPE, the error rates of the forecasting values of the cultivation ares, production quantity, and consumption quantity show less than 4% and the error rate of market price is below 10%. The cultivation area and production quantity are projected respectively to be increased to 6,650ha and 433,310MT in 2018.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.6
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• pp.1103-1111
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• 2011

This paper is developed to Energy Balance Flow show the flow of total energy resource be used nationally. The Energy Balance Flow is applicable of demand management factor through the analysis of foreign energy model of supply and demand and energy statistic data in the country. This study is based on and developed to Energy system management model is able to appraisal efficient of energy cost cutting, CO2 emission reduction and Energy saving at the national level calculated effect reached amount of primary energy to change of energy flow followed application of demand side management factor is able to appraisal quantitatively at the total energy to model of demand and supply.

• Journal of Korean Society of Water and Wastewater
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• v.20 no.2
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• pp.187-196
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• 2006

Forecasting the long-term water demand is important in the plan of water supply system because the location and capacity of water facilities are decided according to it. To forecast the long-term water demand, the existing method based on lpcd and population has been usually used. But, these days the trend among the variation of water demand has been disappeared, so expressing other variation of it is needed to forecast correct water demand. To accomplish it, we introduced the System Dynamics method to consider total connections of water demand factor. Firstly, the factors connected with water demand were divided into three sectors(water demand, industry, and population sectors), and the connections of factors were set with multiple regression model. And it was compared to existing method. The results are as followings. The correlation efficients are 0.330 in existing model and 0.960 in SD model and MAE are 3.96% in existing model and 1.68% in SD model. So, it is proved that SD model is superior to the existing model. To forecast the long-term water demand, scenarios were made with variations of employment condition, economic condition and consumer price indexes and forecasted water demands in 2012. After all scenarios were performed, the results showed that it was not needed to increase the water supply ability in Seoul.

• Journal of Korea Port Economic Association
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• v.32 no.4
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• pp.1-13
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• 2016

This study attempts to establish a precise forecast model for the container inventory demand of shipping companies through forecasts based on equipment type/size, ports, and weekly system dynamics. The forecast subjects were Shanghai and Yantian Ports. Only dry containers (20, 40) and high cubes (40) were used as the subject container inventory in this study due to their large demand and valid data computation. The simulation period was from 2011 to 2017 and weekly data were used, applying the actual data frequency among shipping companies. The results of the model accuracy test obtained through an application of Mean Absolute Percentage Error (MAPE) verified that the forecast model for dry 40' demand, dry 40' high cube demand, dry 20' supply, dry 40' supply, and dry 40' high cube supply in Shanghai Port provided an accurate prediction, with $0%{\leq}MAPE{\leq}10%$. The forecast model for supply and demand in Shanghai Port was otherwise verified to have relatively high prediction power, with $10%{\leq}MAPE{\leq}20%$. The forecast model for dry 40' high cube demand and dry 20' supply in Yantian Port was accurate, with $0%{\leq}MAPE{\leq}10%$. The forecast model for supply and demand in Yantian Port was generally verified to have relatively high prediction power, with $10%{\leq}MAPE{\leq}20%$. The forecast model in this study also had relatively high accuracy when compared with the actueal data managed in shipping companies.

• Journal of Society of Preventive Korean Medicine
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• v.17 no.1
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• pp.149-162
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• 2013

Objectives : This study was conducted to estimate the future demand and supply of physicians for korean medicine from 2016 year to 2026 year in order to make an adequate manpower policy in a way of keeping a balance between demand and supply. Methods : Baseline projection method and trend analysis(a polynomial log power equation model) were used in the estimation of future supply and demand respectively. We used data about the amount of oriental doctors from Ministry of Health and Welfare Statistics Yearbook and the treatment days from HIRA Statistics Yearbook. Results : It was projected that the total number of physician of Korean medicine will be 25,178 registered and 18,967 available in clinical setting. According to polynomial equation model which explained the trend of demand and had the highest score of $R^2$ among the equation models, 3,800~5,600 physician in Korean medicine will be oversupplied in 2016 year, 9,000~10,700 physicians in 2021 year and 15,700~17,000 persons in 2026 year depends on annual working days which is 265days, 255days or 239days. Log equation model also showed that overall excess supply of physician manpower in Korean medicine. Conclusions : Alternative manpower policies for Korean medicine doctors should be implemented in a way of both dwindling supplies and growing demand in Korean medical service in terms of Korean medical services utilization and improving physician's productivity.

• Korean System Dynamics Review
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• v.12 no.4
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• pp.157-175
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• 2011

The purpose of this paper is to find out the effects of the gambler's fallacy bias on the supply chain. For this study, the simulation was based on a casual structure of the Beer Distribution Game from Sterman(2000)'s Business Dynamics and designed into 2 different models : the first model carries the exact same structure as the reference mentioned above and for the second model, the comparison model is used reflecting gambler's fallacy bias. Each model has 2 different demand patterns. The 4 cases of models was tested with 1,000 different random number seeds. The results for the simulation are following : In the aspect of the inventory and out of stock, the basic model resulted better than the comparison. However, in the bullwhip effect, the comparison model has less than the basic in terms of the level demand pattern. But there was no significant difference in the cycle demand.