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http://dx.doi.org/10.17661/jkiiect.2017.10.4.295

Analysis of Global Shipping Market Status and Forecasting the Container Freight Volume of Busan New port using Time-series Model  

JO, Jun-Ho (BigData Specialist Dept., Namseoul University)
Byon, Je-Seop (BigData Specialist Dept., Namseoul University)
Kim, Hee-Cheul (Department of Industrial & Management Engineering, Namseoul University)
Publication Information
The Journal of Korea Institute of Information, Electronics, and Communication Technology / v.10, no.4, 2017 , pp. 295-303 More about this Journal
Abstract
In this paper, we analyze the trends of the international shipping market and the domestic and foreign factors of the crisis of the domestic shipping market, and identify the characteristics of the recovery of the Busan New Port trade volume which has decreased since the crisis of the domestic shipping market We quantitatively analyzed the future volume of Busan New Port and analyzed the trends of the prediction and recovery trends. As a result of analyzing Busan New Port container cargo volume by using big data analysis tool R, the variation of Busan New Cargo container cargo volume was estimated by ARIMA model (1,0,1) (1,0,1)[12] Estimation error, AICc and BIC were the most optimal ARIMA models. Therefore, we estimated the estimated value of Busan New Port trade for 36 months by using ARIMA (1, 0, 1)[12], which is the optimal model of Busan New Port trade, and estimated 13,157,184 TEU, 13,418,123 TEU, 13,539,884 TEU, and 4,526,406 TEU, respectively, indicating that it increased by about 2%, 2%, and 1%.
Keywords
Global shipping market; Busan new-port; Container; Forecast; Seasonal ARIMA;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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