• Journal of Biosystems Engineering
• /
• v.29 no.5 s.106
• /
• pp.441-450
• /
• 2004

This study was performed to estimate mid and long term demands of a tractor, a rice transplanter, a combine and a grain dryer by using logistic curve function and Markov chain model. Field survey was done to decide some parameters far logistic curve function and Markov chain model. Ceiling values of tractor and combine fer logistic curve function analysis were 209,280 and 85,607 respectively. Based on logistic curve function analysis, total number of tractors increased slightly during the period analysed. New demand for combine was found to be zero. Markov chain analysis was carried out with 2 scenarios. With the scenario 1(rice price $10\%$ down and current supporting policy by government), new demand for tractor was decreased gradually up to 700 unit in the year 2012. For combine, new demand was zero. Regardless of scenarios, the replacement demand was increased slightly after 2003. After then, the replacement demand is decreased after the certain time. Two analysis of logistic owe function and Markov chain model showed the similar trend in increase and decrease for total number of tractors and combines. However, the difference in numbers of tractors and combines between the results from 2 analysis got bigger as the time passed.

• Proceedings of the KIEE Conference
• /
• 2005.11b
• /
• pp.168-170
• /
• 2005

At present Cournot model is one of the most commonly used theories to analyze the gaming situation in oligopoly market. But there exist several problems to apply this model to electricity market. The representative one is to obtain the inverse demand curve able to be induced from the relationship between market price and demand response. In Cournot model, each player offers their generation quantity to accomplish maximum profit, which is accomplished by reducing their quantity compared with available total capacity. As stated above, to obtain the probable Cournot equilibrium to reflect real market situation, we have to induce the correct demand function first of all. Usually the correlation between price and demand appears on the long-term basis through the statistical data analysis (for example, regression analysis) or by investigating consumer utility functions of several consumer groups classified as residential, industrial, and commercial. However, the elasticity has a tendency to change continuously according to the total market demand size or the level of market price. Therefore it should be updated as trading period passes by. In this paper we propose a method for inducing and updating this price elasticity of demand function for more realistic market equilibrium

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.22 no.49
• /
• pp.67-76
• /
• 1999

This research presents the relationship among machining time, cycle time and demand rate in a cellular manufacturing system. The manufacturing cell produces part families by automated machines. This paper discusses the cases of increasing demand rate in an existing cell and designing cell based on the demand rate. This research developed an algorithm for decision making such as cycle time, machines and workers in order to minimize the total machine capacity and the number of workers for any given demand rate. The proposed algorithm was successfully applied for the design and operation of cell manufacturing with a good result.

• Journal of Korean Institute of Industrial Engineers
• /
• v.27 no.3
• /
• pp.233-238
• /
• 2001

This paper deals with demand forecasting of parts in an automobile model which has been extinct. It is important to estimate how much inventory of each part in the extinct model should be stocked because production lines of some parts may be replaced by new ones although there is still demands for the model. Furthermore, in some countries, there is a strong regulation that the automobile manufacturing company should provide customers with auto parts for several years whenever they are requested. The major characteristic of automobile parts demand forecasting is that there exists a close correlation between the number of running cars and the demand of each part. In this sense, the total demand of each part in a year is determined by two factors, the total number of running cars in that year and the failure rate of the part. The total number of running cars in year k can be estimated sequentially by the amount of shipped cars and proportion of discarded cars in years 1, 2,$\cdots$, i. However, it is very difficult to estimate the failure rate of each part because available inter-failure time data is not complete. The failure rate is, therefore, determined so as to minimize the mean squared error between the estimated demand and the observed demand of a part in years 1, 2,$\cdots$, i. In this paper, data obtained from a Korean automobile manufacturing company are used to illustrate our model.

• Journal of Fashion Business
• /
• v.15 no.6
• /
• pp.176-203
• /
• 2011

In today's intensifying global competition, Korean fashion industry is relying on only qualitative data for feasibility study of future projects and developmental plan. This study was conducted in order to support establishment of a scientific and rational management system that reflects market demand. First, fashion market size was limited to the total amount of expenditure for fashion clothing products directly purchased by Koreans for wear during 6 months in spring and summer and 6 months in autumn and winter. Fashion market forecasting model was developed using statistical forecasting method proposed by previous research. Specifically, time series model was selected, which is a verified statistical forecasting method that can predict future demand when data from the past is available. The time series for empirical analysis was fashion market sizes for 8 segmented markets at 22 time points, obtained twice each year by the author from 1998 to 2008. Targets of the demand forecasting model were 21 research models: total of 7 markets (excluding outerwear market which is sensitive to seasonal index), including 6 segmented markets (men's formal wear, women's formal wear, casual wear, sportswear, underwear, and children's wear) and the total market, and these markets were divided in time into the first half, the second half, and the whole year. To develop demand forecasting model, time series of the 21 research targets were used to develop univariate time series models using 9 types of exponential smoothing methods. The forecasting models predicted the demands in most fashion markets to grow, but demand for women's formal wear market was forecasted to decrease. Decrease in demand for women's formal wear market has been pronounced since 2002 when casualization of fashion market intensified, and this trend was analyzed to continue affecting the demand in the future.