• Title/Summary/Keyword: long-term forecast

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Forecasting Multi-Generation Diffusion Demand based on System Dynamics : A Case for Forecasting Mobile Subscription Demand (시스템다이내믹스 기반의 다세대 확산 수요 예측 : 이동통신 가입자 수요 예측 적용사례)

  • Song, Hee Seok;kim, Jae Kyung
    • Journal of Information Technology Applications and Management
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    • v.24 no.2
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    • pp.81-96
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    • 2017
  • Forecasting long-term mobile service demand is inevitable to establish an effective frequency management policy despite the lack of reliability of forecast results. The statistical forecasting method has limitations in analyzing how the forecasting result changes when the scenario for various drivers such as consumer usage pattern or market structure for mobile communication service is changed. In this study, we propose a dynamic model of the mobile communication service market using system dynamics technique and forecast the future demand for long-term mobile communication subscriber based on the dynamic model, and also experiment on the change pattern of subscriber demand under various scenarios.

A Multiple Variable Regression-based Approaches to Long-term Electricity Demand Forecasting

  • Ngoc, Lan Dong Thi;Van, Khai Phan;Trang, Ngo-Thi-Thu;Choi, Gyoo Seok;Nguyen, Ha-Nam
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.59-65
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    • 2021
  • Electricity contributes to the development of the economy. Therefore, forecasting electricity demand plays an important role in the development of the electricity industry in particular and the economy in general. This study aims to provide a precise model for long-term electricity demand forecast in the residential sector by using three independent variables include: Population, Electricity price, Average annual income per capita; and the dependent variable is yearly electricity consumption. Based on the support of Multiple variable regression, the proposed method established a model with variables that relate to the forecast by ignoring variables that do not affect lead to forecasting errors. The proposed forecasting model was validated using historical data from Vietnam in the period 2013 and 2020. To illustrate the application of the proposed methodology, we presents a five-year demand forecast for the residential sector in Vietnam. When demand forecasts are performed using the predicted variables, the R square value measures model fit is up to 99.6% and overall accuracy (MAPE) of around 0.92% is obtained over the period 2018-2020. The proposed model indicates the population's impact on total national electricity demand.

A Study on the Factor of Short Term Demand Variability on Transshipment Cargo(The case of Busan port) (환적화물 단기수요 변동요인 분석에 관한 연구 - 부산항을 중심으로 -)

  • Park, Nam-Kyu
    • Journal of Fisheries and Marine Sciences Education
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    • v.26 no.1
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    • pp.49-58
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    • 2014
  • Variability factors of transship cargo in the container transportation market analysis short term factors. In the past, studies on the factor of variability in container cargo volume have focused on long term volume forecast and increase in investment and competitiveness from strategic perspectives. Unlike previous studies, this paper analyzes factors of variability in transshipment volume rapidly varying in short term and seeks measures. Since it was identified that transshipment volume depends on vessel operation cost and port volume in long term but effectively on special strategies launched by port authorities in short term, the port authority experienced rapid drop in volume should continue to observe strategies of competition ports and to make use of strategies seeking appropriate countermeasures.

Long-Term Demand Forecasting Using Agent-Based Model : Application on Automotive Spare Parts (Agent-Based Model을 활용한 자동차 예비부품 장기수요예측)

  • Lee, Sangwook;Ha, Chunghun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.1
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    • pp.110-117
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    • 2015
  • Spare part management is very important to products that have large number of parts and long lifecycle such as automobile and aircraft. Supply chain must support immediate procurement for repair. However, it is not easy to handle spare parts efficiently due to huge stock keeping units. Qualified forecasting is the basis for the supply chain to achieve the goal. In this paper, we propose an agent based modeling approach that can deal with various factors simultaneously without mathematical modeling. Simulation results show that the proposed method is reasonable to describe demand generation process, and consequently, to forecast demand of spare parts in long-term perspective.

An Approach for Stock Price Forecast using Long Short Term Memory

  • K.A.Surya Rajeswar;Pon Ramalingam;Sudalaimuthu.T
    • International Journal of Computer Science & Network Security
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    • v.23 no.4
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    • pp.166-171
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    • 2023
  • The Stock price analysis is an increasing concern in a financial time series. The purpose of the study is to analyze the price parameters of date, high, low, and news feed about the stock exchange price. Long short term memory (LSTM) is a cutting-edge technology used for predicting the data based on time series. LSTM performs well in executing large sequence of data. This paper presents the Long Short Term Memory Model has used to analyze the stock price ranges of 10 days and 20 days by exponential moving average. The proposed approach gives better performance using technical indicators of stock price with an accuracy of 82.6% and cross entropy of 71%.

Improvement of Soil Moisture Initialization for a Global Seasonal Forecast System (전지구 계절 예측 시스템의 토양수분 초기화 방법 개선)

  • Seo, Eunkyo;Lee, Myong-In;Jeong, Jee-Hoon;Kang, Hyun-Suk;Won, Duk-Jin
    • Atmosphere
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    • v.26 no.1
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    • pp.35-45
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    • 2016
  • Initialization of the global seasonal forecast system is as much important as the quality of the embedded climate model for the climate prediction in sub-seasonal time scale. Recent studies have emphasized the important role of soil moisture initialization, suggesting a significant increase in the prediction skill particularly in the mid-latitude land area where the influence of sea surface temperature in the tropics is less crucial and the potential predictability is supplemented by land-atmosphere interaction. This study developed a new soil moisture initialization method applicable to the KMA operational seasonal forecasting system. The method includes first the long-term integration of the offline land surface model driven by observed atmospheric forcing and precipitation. This soil moisture reanalysis is given for the initial state in the ensemble seasonal forecasts through a simple anomaly initialization technique to avoid the simulation drift caused by the systematic model bias. To evaluate the impact of the soil moisture initialization, two sets of long-term, 10-member ensemble experiment runs have been conducted for 1996~2009. As a result, the soil moisture initialization improves the prediction skill of surface air temperature significantly at the zero to one month forecast lead (up to ~60 days forecast lead), although the skill increase in precipitation is less significant. This study suggests that improvements of the prediction in the sub-seasonal timescale require the improvement in the quality of initial data as well as the adequate treatment of the model systematic bias.

Probabilistic Medium- and Long-Term Reservoir Inflow Forecasts (II) Use of GDAPS for Ensemble Reservoir Inflow Forecasts (확률론적 중장기 댐 유입량 예측 (II) 앙상블 댐 유입량 예측을 위한 GDAPS 활용)

  • Kim, Jin-Hoon;Bae, Deg-Hyo
    • Journal of Korea Water Resources Association
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    • v.39 no.3 s.164
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    • pp.275-288
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    • 2006
  • This study develops ESP (Ensemble Streamflow Prediction) system by using medium-term numerical weather prediction model which is GDAPS(T213) of KMA. The developed system forecasts medium- and long-range exceedance Probability for streamflow and RPSS evaluation scheme is used to analyze the accuracy of probability forecasts. It can be seen that the daily probability forecast results contain high uncertainties. A sensitivity analysis with respect to forecast time resolution shows that uncertainties decrease and accuracy generally improves as the forecast time step increase. Weekly ESP results by using the GDAPS output with a lead time of up to 28 days are more accurately predicted than traditional ESP results because conditional probabilities are stably distributed and uncertainties can be reduced. Therefore, it can be concluded that the developed system will be useful tool for medium- and long-term reservoir inflow forecasts in order to manage water resources.

Projecting Public Expenditures for Long-Term Care in Korea (노인장기요양보험 급여비용의 중장기 추계)

  • Yun, Hee-Suk;Kwon, Hyung-Joon
    • Health Policy and Management
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    • v.20 no.1
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    • pp.37-63
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    • 2010
  • Public expenditures on long-term care are a matter of concern for Korea as in many other countries. The expenditure is expected to accelerate and to put pressure on public budgets, adding to that arising from insufficient retirement schemes and other forms of social spending. This study tried to foresee how much health care spending could increase in the future considering demographic and non-demographic factors as the drivers of expenditure. Previous projections of future long-term expenditure were mainly based on a given relation between spending and age structure. However, although demographic factors will surely put upward pressure on long-term care costs, other non-demographic factors, such as labor cost increase and availability of informal care, should be taken into account as well. Also, the possibility of dynamic link between health status and longevity gains needs to be considered. The model in this study is cell-base and consists of three main parts. The first part estimated the numbers of elderly people with different levels of health status by age group, gender, household type. The second part estimated the levels of long-term care services required, by attaching a probability of receiving long-term care services to each cell using from the sample from current year. The third part of the model estimated long-term care expenditure, along the demographic and non-demographic factors' change in various scenarios. Public spending on long-term care could rise from the current level of 0.2~0.3% of GDP to around 0.44~2.30% by 2040.

A Study on the amount of compensators at the KEPCO system in a middle-long term point of view (한전계통에서 중장기 조상설비 소요량 산정에 관한 연구)

  • Kim, H.P.;Hur, Y.;Choi, J.M.;Kim, S.G.;Lee, H.Y.
    • Proceedings of the KIEE Conference
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    • 2006.07a
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    • pp.187-189
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    • 2006
  • Compensators need to keep the voltage properly at the KEPCO system in a ruddle-long term point of view. Therefore, it is necessary to forecast the amount of compensators. In this paper, we analyze how much compensators are needed and what kind of effects is given on the KEPCO system in a middle-long term point of view. In addition, this analysis is based on the books named "The plan of Transmission and Substation at the KEPCO in 2005" and we used PSS/E program when we analyze the KEPCO system.

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LONG-TERM STREAMFLOW SENSITIVITY TO RAINFALL VARIABILITY UNDER IPCC SRES CLIMATE CHANGE SCENARIO

  • Kang, Boo-sik;Jorge a. ramirez, Jorge-A.-Ramirez
    • Water Engineering Research
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    • v.5 no.2
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    • pp.81-99
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    • 2004
  • Long term streamflow regime under virtual climate change scenario was examined. Rainfall forecast simulation of the Canadian Global Coupled Model (CGCM2) of the Canadian Climate Center for modeling and analysis for the IPCC SRES B2 scenario was used for analysis. The B2 scenario envisions slower population growth (10.4 billion by 2010) with a more rapidly evolving economy and more emphasis on environmental protection. The relatively large scale of GCM hinders the accurate computation of the important streamflow characteristics such as the peak flow rate and lag time, etc. The GCM rainfall with more than 100km scale was downscaled to 2km-scale using the space-time stochastic random cascade model. The HEC-HMS was used for distributed hydrologic model which can take the grid rainfall as input data. The result illustrates that the annual variation of the total runoff and the peak flow can be much greater than rainfall variation, which means actual impact of rainfall variation for the available water resources can be much greater than the extent of the rainfall variation.

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