• Title/Summary/Keyword: impact forecast

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Distribution of Competitiveness of Copper Industry: The Case of Kazakhstan

  • Arsen TLEPPAYEV;Saule ZEINOLLA;Saltanat ABISHOVA;Bekzat RISHAT
    • Journal of Distribution Science
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    • v.21 no.7
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    • pp.41-50
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    • 2023
  • Purpose: The purpose of the research is identified factors influencing the competitiveness of the copper industry in Kazakhstan. Research design, data and methodology: A few studies are dedicated to the analysis in developing countries, particularly Kazakhstan. The algorithm was chosen for research provision: statistical and comparative analysis, correlation, and regression analysis. The data of 1999-2021 obtained from the World Bank, Bureau of National Statistics, National Bank of Kazakhstan. Results: The obtained results demonstrate the trends in the development of the industry since 2000. The development of the copper industry is strongly influenced by the distribution and state of the business environment, economic situation, and trends in the global commodity markets. Conclusions: According to econometric modeling, there is a correlation between the profitability of the copper industry, GDP, copper prices, liquidity, and energy resource prices. Trends in global commodity and energy markets have a significant impact on the state of the industry. Further research should be conducted to include an analysis and forecast of internal factors that may affect the development of the industry, such as copper reserves, condition of fixed assets, government programs, etc. It is also important to examine the correlation with the trends in the development of the global green economy and the revival of the Chinese market.

Volatility analysis and Prediction Based on ARMA-GARCH-typeModels: Evidence from the Chinese Gold Futures Market (ARMA-GARCH 모형에 의한 중국 금 선물 시장 가격 변동에 대한 분석 및 예측)

  • Meng-Hua Li;Sok-Tae Kim
    • Korea Trade Review
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    • v.47 no.3
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    • pp.211-232
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    • 2022
  • Due to the impact of the public health event COVID-19 epidemic, the Chinese futures market showed "Black Swan". This has brought the unpredictable into the economic environment with many commodities falling by the daily limit, while gold performed well and closed in the sunshine(Yan-Li and Rui Qian-Wang, 2020). Volatility is integral part of financial market. As an emerging market and a special precious metal, it is important to forecast return of gold futures price. This study selected data of the SHFE gold futures returns and conducted an empirical analysis based on the generalised autoregressive conditional heteroskedasticity (GARCH)-type model. Comparing the statistics of AIC, SC and H-QC, ARMA (12,9) model was selected as the best model. But serial correlation in the squared returns suggests conditional heteroskedasticity. Next part we established the autoregressive moving average ARMA-GARCH-type model to analysis whether Volatility Clustering and the leverage effect exist in the Chinese gold futures market. we consider three different distributions of innovation to explain fat-tailed features of financial returns. Additionally, the error degree and prediction results of different models were evaluated in terms of mean squared error (MSE), mean absolute error (MAE), Theil inequality coefficient(TIC) and root mean-squared error (RMSE). The results show that the ARMA(12,9)-TGARCH(2,2) model under Student's t-distribution outperforms other models when predicting the Chinese gold futures return series.

Research on Application of SIR-based Prediction Model According to the Progress of COVID-19 (코로나-19 진행에 따른 SIR 기반 예측모형적용 연구)

  • Hoon Kim;Sang Sup Cho;Dong Woo Chae
    • Journal of Information Technology Applications and Management
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    • v.31 no.1
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    • pp.1-9
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    • 2024
  • Predicting the spread of COVID-19 remains a challenge due to the complexity of the disease and its evolving nature. This study presents an integrated approach using the classic SIR model for infectious diseases, enhanced by the chemical master equation (CME). We employ a Monte Carlo method (SSA) to solve the model, revealing unique aspects of the SARS-CoV-2 virus transmission. The study, a first of its kind in Korea, adopts a step-by-step and complementary approach to model prediction. It starts by analyzing the epidemic's trajectory at local government levels using both basic and stochastic SIR models. These models capture the impact of public health policies on the epidemic's dynamics. Further, the study extends its scope from a single-infected individual model to a more comprehensive model that accounts for multiple infections using the jump SIR prediction model. The practical application of this approach involves applying these layered and complementary SIR models to forecast the course of the COVID-19 epidemic in small to medium-sized local governments, particularly in Gangnam-gu, Seoul. The results from these models are then compared and analyzed.

Damage and Socio-Economic Impact of Volcanic Ash (화산재 양에 따른 피해와 사회 · 경제적 영향 분석)

  • Jiang, Zhuhua;Yu, Soonyoung;Yoon, Seong-Min;Choi, Ki-Hong
    • Journal of the Korean earth science society
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    • v.34 no.6
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    • pp.536-549
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    • 2013
  • This study investigates the damages of and analyzes the social and economic impacts of volcanic ash eruptions in the world in order to estimate the potential volcanic ash impacts in South Korea when Mt. Baekdusan volcano erupts in the future. First, we build a comparison chart called "the impact of volcanic ash" on each economic and social sector by using major volcanic eruptions and we compare the damage with respect to volcanic ash thickness/weights. Secondly, we analyze the social and economic impact from volcanic ash. The economic damage is not likely to occur in South Korea, unless Mt. Baekdusan erupts in winter. However, the potential damage should not be overlooked because the volcanic ash may have a global impact around the world. If Mt. Baekdusan volcano erupts when the wind blows from north or northeast, the volcanic ash may then significantly affect South Korea of which economy is highly dependent on exports. Particularly when the volcanic ash moves to the densely populated metropolitan areas or agricultural areas, the damage can be significant. In preparation for the potential volcanic disasters, the volcanic ash forecast table suitable for South Korea should be prepared. In addition, building a Korean volcanic ash hazard map in advance will have a strategic significance.

Vertical Measurement and Analysis of Meteorological Factors Over Boseong Region Using Meteorological Drones (기상드론을 이용한 보성 지역 기상 인자의 연직 측정 및 분석)

  • Chong, Jihyo;Shin, Seungsook;Hwang, Sung Eun;Lee, Seungho;Lee, Seung-Hyeop;Kim, Baek-Jo;Kim, Seungbum
    • Journal of the Korean earth science society
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    • v.41 no.6
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    • pp.575-587
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    • 2020
  • Meteorological phenomena are observed by the Korea Meteorological Administration in a variety of ways (e.g., surface, upper-air, marine, ocean, and aviation). However, there are limits to the meteorological observation of the planetary boundary layer (PBL) that greatly affects human life. In particular, observations using a sonde or aircraft require significant observational costs in economic terms. Therefore, the goal of this study was to measure and analyze the meteorological factors of the vertical distribution of the see-land breeze among local meteorological phenomena using meteorological drones. To investigate the spatial distribution of the see-land breeze, a same integrated meteorological sensor was mounted on each drone at three different points (seaside, bottom of mountain, and mountainside), including the Boseong tall tower (BTT) at the Boseong Standard Weather Observatory (BSWO) in the Boseong region. Vertical profile observations for air temperature, relative humidity, wind direction, wind speed, and air pressure were conducted up to 400 m every 30 minutes from 1100 LST to 1800 LST on August 4, 2018. The spatial characteristics of meteorological phenomena for temperature, relative humidity, and atmospheric pressure were not shown at the four points. Strong winds (~8 m s-1) were observed from the midpoint (~100 m) at strong solar radiation hour, and in the afternoon the wind direction changed from the upper layer at the inland area to the west wind. It is expected that the analysis results of the lower atmospheric layer observed using the meteorological drone may help to improve the weather forecast more accurately.

Development of technology to predict the impact of urban inundation due to climate change on urban transportation networks (기후변화에 따른 도시침수가 도시교통네트워크에 미치는 영향 예측 기술 개발)

  • Jeung, Se Jin;Hur, Dasom;Kim, Byung Sik
    • Journal of Korea Water Resources Association
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    • v.55 no.12
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    • pp.1091-1104
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    • 2022
  • Climate change is predicted to increase the frequency and intensity of rainfall worldwide, and the pattern is changing due to inundation damage in urban areas due to rapid urbanization and industrialization. Accordingly, the impact assessment of climate change is mentioned as a very important factor in urban planning, and the World Meteorological Organization (WMO) is emphasizing the need for an impact forecast that considers the social and economic impacts that may arise from meteorological phenomena. In particular, in terms of traffic, the degradation of transport systems due to urban flooding is the most detrimental factor to society and is estimated to be around £100k per hour per major road affected. However, in the case of Korea, even if accurate forecasts and special warnings on the occurrence of meteorological disasters are currently provided, the effects are not properly conveyed. Therefore, in this study, high-resolution analysis and hydrological factors of each area are reflected in order to suggest the depth of flooding of urban floods and to cope with the damage that may affect vehicles, and the degree of flooding caused by rainfall and its effect on vehicle operation are investigated. decided it was necessary. Therefore, the calculation formula of rainfall-immersion depth-vehicle speed is presented using various machine learning techniques rather than simple linear regression. In addition, by applying the climate change scenario to the rainfall-inundation depth-vehicle speed calculation formula, it predicts the flooding of urban rivers during heavy rain, and evaluates possible traffic network disturbances due to road inundation considering the impact of future climate change. We want to develop technology for use in traffic flow planning.

A study on prediction method for flood risk using LENS and flood risk matrix (국지 앙상블자료와 홍수위험매트릭스를 이용한 홍수위험도 예측 방법 연구)

  • Choi, Cheonkyu;Kim, Kyungtak;Choi, Yunseok
    • Journal of Korea Water Resources Association
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    • v.55 no.9
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    • pp.657-668
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    • 2022
  • With the occurrence of localized heavy rain while river flow has increased, both flow and rainfall cause riverside flood damages. As the degree of damage varies according to the level of social and economic impact, it is required to secure sufficient forecast lead time for flood response in areas with high population and asset density. In this study, the author established a flood risk matrix using ensemble rainfall runoff modeling and evaluated its applicability in order to increase the damage reduction effect by securing the time required for flood response. The flood risk matrix constructs the flood damage impact level (X-axis) using flood damage data and predicts the likelihood of flood occurrence (Y-axis) according to the result of ensemble rainfall runoff modeling using LENS rainfall data and as well as probabilistic forecasting. Therefore, the author introduced a method for determining the impact level of flood damage using historical flood damage data and quantitative flood damage assessment methods. It was compared with the existing flood warning data and the damage situation at the flood warning points in the Taehwa River Basin and the Hyeongsan River Basin in the Nakdong River Region. As a result, the analysis showed that it was possible to predict the time and degree of flood risk from up to three days in advance. Hence, it will be helpful for damage reduction activities by securing the lead time for flood response.

Establishment of Geospatial Schemes Based on Topo-Climatology for Farm-Specific Agrometeorological Information (농장맞춤형 농업기상정보 생산을 위한 소기후 모형 구축)

  • Kim, Dae-Jun;Kim, Soo-Ock;Kim, Jin-Hee;Yun, Eun-Jeong
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.21 no.3
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    • pp.146-157
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    • 2019
  • One of the most distinctive features of the South Korean rural environment is that the variation of weather or climate is large even within a small area due to complex terrains. The Geospatial Schemes based on Topo-Climatology (GSTP) was developed to simulate such variations effectively. In the present study, we reviewed the progress of the geospatial schemes for production of farm-scale agricultural weather data. Efforts have been made to improve the GSTP since 2000s. The schemes were used to provide climate information based on the current normal year and future climate scenarios at a landscape scale. The digital climate maps for the normal year include the maps of the monthly minimum temperature, maximum temperature, precipitation, and solar radiation in the past 30 years at 30 m or 270 m spatial resolution. Based on these digital climate maps, future climate change scenario maps were also produced at the high spatial resolution. These maps have been used for climate change impact assessment at the field scale by reprocessing them and transforming them into various forms. In the 2010s, the GSTP model was used to produce information for farm-specific weather conditions and weather forecast data on a landscape scale. The microclimate models of which the GSTP model consists have been improved to provide detailed weather condition data based on daily weather observation data in recent development. Using such daily data, the Early warning service for agrometeorological hazard has been developed to provide weather forecasts in real-time by processing a digital forecast and mid-term weather forecast data (KMA) at 30 m spatial resolution. Currently, daily minimum temperature, maximum temperature, precipitation, solar radiation quantity, and the duration of sunshine are forecasted as detailed weather conditions and forecast information. Moreover, based on farm-specific past-current-future weather information, growth information for various crops and agrometeorological disaster forecasts have been produced.

An Alternative Evaluation Model for Benefit Measurement of Public Transportation by the Open of Urban Railway: Seoul Metro Line 9 (도시 철도개통에 따른 대중교통이용 편익측정을 위한 대안적 평가모델 : 지하철 9호선을 사례로)

  • Joo, Yong-Jin
    • Spatial Information Research
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    • v.19 no.4
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    • pp.11-20
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    • 2011
  • In accordance with low carbon and green growth paradigm, a subway is one of major public transit systems for resolving traffic congestion and decreasing traffic accidents. In addition, as subway networks expand, passengers' travel pattern in the subway network change and consequently affect the urban structure. Generally, new subway route has been planned and developed, mainly considering a travel demand forecast. However, it is desired to conduct an empirical analysis on the forecast model regarding change of travel accessibility and passenger demand pattern according to new subway line. Therefore, in this paper, an alternative method, developed based upon a spatial syntax model, is proposed for evaluating new subway route in terms of passenger's mobility and network accessibility. In a case study, we constructed subway network data, mainly targeting the no 9 subway line opened in 2009. With an axial-map analysis, we calculated spatial characteristics to describe topological movement interface. We then analyzed actual modal shift and change on demand of passengers through the number of subway passenger between subway stations and the number of passenger according to comparative bus line from Smart Card to validate suggested methods. Results show that the proposed method provides quantitative means of visualizing passenger flow in subway route planning and of analyzing the time-space characteristics of network. Also, it is expected that the proposed method can be utilized for predicting a passengers' pattern and its impact on public transportation.

Characteristics of Meteorological Variables in the Leeward Side associated with the Downslope Windstorm over the Yeongdong Region (영동지역 지형성 강풍과 관련된 풍하측 기상요소의 특징)

  • Cho, Young-Jun;Kwon, Tae-Yong;Choi, Byoung-Cheol
    • Journal of the Korean earth science society
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    • v.36 no.4
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    • pp.315-329
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    • 2015
  • We investigated the characteristics of meteorological conditions related to the strong downslope wind over the leeward side of the Taebaek Mountains during the period 2005~2010. The days showing the strong wind exceeding $14ms^{-1}$ in Gangwon province were selected as study cases. A total of 15 days of strong wind were observed at Sokcho, Gangneung, Donghae, and Taebaek located over the Yeongdong region. Seven cases related to tropical cyclone (3 cases) and heavy snowfall (2 cases) and heavy rainfall (2 cases) over the Yeongdong region were excluded. To investigate the characteristics of the remaining 8 cases, we used synoptic weather chart, Sokcho radiosonde, Gangneung wind profiler and numerical model. The cases showed no precipitation (or ${\leq}1mm\;day^{-1}$). From the surface and upper level weather chart, we found the pressure distribution of southern high and northern low pattern over the Korean peninsula and warm ridge over the Yeongdong region. Inversion layer (or stable layer) and warm ridge with strong wind were located in about 1~3 km (925~700 hPa) over mountains. The Regional Data Assimilation and Prediction System (RDAPS) indicated that warm core and temperature ridge with horizontal temperature gradient were $0.10{\sim}0.23^{\circ}C\;km^{-1}$ which were located on 850 hPa pressure level above mountaintop. These results were summarized as a forecasting guidance of downslope windstorm in the Yeongdong region.