• Title/Summary/Keyword: Combining forecasting

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Demand Forecasting with Discrete Choice Model Based on Technological Forecasting

  • 김원준;이정동;김태유
    • Proceedings of the Technology Innovation Conference
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    • 2003.02a
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    • pp.173-190
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    • 2003
  • Demand forecasting is essential in establishing national and corporate strategy as well as the management of their resource. We forecast demand for multi-generation product using discrete choice model combining diffusion model The discrete choice model generally captures consumers'valuation of the product's qualify in the framework of a cross-sectional analysis. We incorporate diffusion effects into a discrete choice model in order to capture the dynamics of demand for multi-generation products. As an empirical application, we forecast demand for worldwide DRAM (dynamic random access memory) and each of its generations from 1999 to 2005. In so doing, we use the method of 'Technological Forecasting'for DRAM Density and Price of the generations based on the Moore's law and learning by doing, respectively. Since we perform our analysis at the market level, we adopt the inversion routine in using the discrete choice model and find that our model performs well in explaining the current market situation, and also in forecasting new product diffusion in multi-generation product markets.

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Evaluation of the Dam Release Effect on Water Quality using Time Series Models (시계열 모형의 적용을 통한 댐 방류의 수질개선 효과 검토)

  • Kim, Sangdan;Yoo, Chulsang
    • Journal of Korean Society on Water Environment
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    • v.20 no.6
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    • pp.685-691
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    • 2004
  • Water quality forecasting with long term flow is important for management and operation of river environment. However, it is difficult to set up and operate a physical model for water quality forecasting due to large uncertainty in the data required for model setting. Therefore, relatively simpler stochastic approaches are adopted for this problem. In this study we try several multivariate time series models such as ARMAX models for the possible substitute for water quality forecasting. Those models are applied to the BOD and COD levels at Noryangin station, Han river, and also evaluated the effect of release from Paldang dam on them. Monthly BOD and COD data from 1985 to 1991 (7 years) are used for model building and another two year data for model testing. As a result of the study, the effect of improvement on water quality is much more effective combining with the water quality improvement of dam release than considering only increment of dam release in the downstream Han river.

Forecasting Electric Power Demand Using Census Information and Electric Power Load (센서스 정보 및 전력 부하를 활용한 전력 수요 예측)

  • Lee, Heon Gyu;Shin, Yong Ho
    • Journal of Korea Society of Industrial Information Systems
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    • v.18 no.3
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    • pp.35-46
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    • 2013
  • In order to develop an accurate analytical model for domestic electricity demand forecasting, we propose a prediction method of the electric power demand pattern by combining SMO classification techniques and a dimension reduction conceptualized subspace clustering techniques suitable for high-dimensional data cluster analysis. In terms of electricity demand pattern prediction, hourly electricity load patterns and the demographic and geographic characteristics can be analyzed by integrating the wireless load monitoring data as well as sub-regional unit of census information. There are composed of a total of 18 characteristics clusters in the prediction result for the sub-regional demand pattern by using census information and power load of Seoul metropolitan area. The power demand pattern prediction accuracy was approximately 85%.

Development of a Cross-impact Hierarchical Model for Deciding Technology Priority (기술우선도 결정을 위한 상호영향 계층분석모형의 개발)

  • 권철신;조근태
    • Journal of the Korean Operations Research and Management Science Society
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    • v.27 no.1
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    • pp.1-17
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    • 2002
  • The objective of this paper is to develop a new priority setting algorithm that considers the cross-impact of the future technology alternatives and that satisfies the final goal of the technology management through multi-hierarchy evaluation criteria. By combining the Analytic Hierarchy Process (AHP) model, which is a well-known priority setting model, and Cross Impact Analysis (CIA) model, which is a technological forecasting method that considers cross-impact among R&D Items, we developed an Integrated Cross-Impact Hierarchical (CIH) model, which sets the priority by considering technological forecasting and technology dependency simultaneously. A step-by-step numerical example of the model developed here is presented as backup of its practicality.

Real-time Modeling and Rendering of Tidal in Qiantang Estuary

  • Wang, Chang-Bo
    • International Journal of CAD/CAM
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    • v.9 no.1
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    • pp.79-83
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    • 2010
  • Tidal bore is a peculiar nature phenomenon which is caused by the lunar and solar gravitation. Based on the physical characters of tidal bores, in this paper we propose a novel method to model and render this phenomenon, especially the tidal waves in Qiantang estuary. According to Boltzmann equation for tidal waves, we solve it with the novel triangle mesh of Kinectic Flux Vector Splitting (KFVS) mode. Then a method combining a curve forecasting wave and particles model is proposed to render the dynamic scenes of overturning tidal waves. Finally, with some rendering technologies, various realistic tidal waves under diversified conditions is rendered in real time.

Aggregating Prediction Outputs of Multiple Classification Techniques Using Mixed Integer Programming (다수의 분류 기법의 예측 결과를 결합하기 위한 혼합 정수 계획법의 사용)

  • Jo, Hongkyu;Han, Ingoo
    • Journal of Intelligence and Information Systems
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    • v.9 no.1
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    • pp.71-89
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    • 2003
  • Although many studies demonstrate that one technique outperforms the others for a given data set, there is often no way to tell a priori which of these techniques will be most effective in the classification problems. Alternatively, it has been suggested that a better approach to classification problem might be to integrate several different forecasting techniques. This study proposes the linearly combining methodology of different classification techniques. The methodology is developed to find the optimal combining weight and compute the weighted-average of different techniques' outputs. The proposed methodology is represented as the form of mixed integer programming. The objective function of proposed combining methodology is to minimize total misclassification cost which is the weighted-sum of two types of misclassification. To simplify the problem solving process, cutoff value is fixed and threshold function is removed. The form of mixed integer programming is solved with the branch and bound methods. The result showed that proposed methodology classified more accurately than any of techniques individually did. It is confirmed that Proposed methodology Predicts significantly better than individual techniques and the other combining methods.

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Development of ESS Scheduling Algorithm to Maximize the Potential Profitability of PV Generation Supplier in South Korea

  • Kong, Junhyuk;Jufri, Fauzan Hanif;Kang, Byung O;Jung, Jaesung
    • Journal of Electrical Engineering and Technology
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    • v.13 no.6
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    • pp.2227-2235
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    • 2018
  • Under the current policies and compensation rules in South Korea, Photovoltaic (PV) generation supplier can maximize the profit by combining PV generation with Energy Storage System (ESS). However, the existing operational strategy of ESS is not able to maximize the profit due to the limitation of ESS capacity. In this paper, new ESS scheduling algorithm is introduced by utilizing the System Marginal Price (SMP) and PV generation forecasting to maximize the profits of PV generation supplier. The proposed algorithm determines the charging time of ESS by ranking the charging schedule from low to high SMP when PV generation is more than enough to charge ESS. The discharging time of ESS is determined by ranking the discharging schedule from high to low SMP when ESS energy is not enough to maintain the discharging. To compensate forecasting error, the algorithm is updated every hour to apply the up-to-date information. The simulation is performed to verify the effectiveness of the proposed algorithm by using actual PV generation and ESS information.

Forecasting Korean housing price index: application of the independent component analysis (부동산 매매지수와 전세지수 예측: 독립성분분석을 활용한 분석)

  • Pak, Ro Jin
    • The Korean Journal of Applied Statistics
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    • v.30 no.2
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    • pp.271-280
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    • 2017
  • Real-estate values and related economics are often the first read newspaper category. We are concerned about the opinions of experts on the forecast for real estate prices. The Box-Jenkins ARIMA model is a commonly used statistical method to predict housing prices. In this article, we tried to predict housing prices by combining independent component analysis (ICA) in multivariate data analysis and the Box-Jenkins ARIMA model. The two independent components for both the selling price index and the long-term rental price index were extracted and used to predict the future values of both indices. In conclusion, it has been shown that the actual indices and the forecast indices using ICA are more comparable to the forecasts of the ARIMA model alone.

Development of Hazard-Level Forecasting Model using Combined Method of Genetic Algorithm and Artificial Neural Network at Signalized Intersections (유전자 알고리즘과 신경망 이론의 결합에 의한 신호교차로 위험도 예측모형 개발에 관한 연구)

  • Kim, Joong-Hyo;Shin, Jae-Man;Park, Je-Jin;Ha, Tae-Jun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.30 no.4D
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    • pp.351-360
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    • 2010
  • In 2010, the number of registered vehicles reached almost at 17.48 millions in Korea. This dramatic increase of vehicles influenced to increase the number of traffic accidents which is one of the serious social problems and also to soar the personal and economic losses in Korea. Through this research, an enhanced intersection hazard prediction model by combining Genetic Algorithm and Artificial Neural Network will be developed in order to obtain the important data for developing the countermeasures of traffic accidents and eventually to reduce the traffic accidents in Korea. Firstly, this research has investigated the influencing factors of road geometric features on the traffic volume of each approaching for the intersections where traffic accidents and congestions frequently take place and, a linear regression model of traffic accidents and traffic conflicts were developed by examining the relationship between traffic accidents and traffic conflicts through the statistical significance tests. Secondly, this research also developed an intersection hazard prediction model by combining Genetic Algorithm and Artificial Neural Network through applying the intersection traffic volume, the road geometric features and the specific variables of traffic conflicts. Lastly, this research found out that the developed model is better than the existed forecasting models in terms of the reliability and accuracy by comparing the actual number of traffic accidents and the predicted number of accidents from the developed model. In conclusion, it is expect that the cost/effectiveness of any traffic safety improvement projects can be maximized if this developed intersection hazard prediction model by combining Genetic Algorithm and Artificial Neural Network use practically at field in the future.

An Adaptable Integrated Prediction System for Traffic Service of Telematics

  • Cho, Mi-Gyung;Yu, Young-Jung
    • Journal of information and communication convergence engineering
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    • v.5 no.2
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    • pp.171-176
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    • 2007
  • To give a guarantee a consistently high level of quality and reliability of Telematics traffic service, traffic flow forecasting is very important issue. In this paper, we proposed an adaptable integrated prediction model to predict the traffic flow in the future. Our model combines two methods, short-term prediction model and long-term prediction model with different combining coefficients to reflect current traffic condition. Short-term model uses the Kalman filtering technique to predict the future traffic conditions. And long-term model processes accumulated speed patterns which means the analysis results for all past speeds of each road by classifying the same day and the same time interval. Combining two models makes it possible to predict future traffic flow with higher accuracy over a longer time range. Many experiments showed our algorithm gives a better precise prediction than only an accumulated speed pattern that is used commonly. The result can be applied to the car navigation to support a dynamic shortest path. In addition, it can give users the travel information to avoid the traffic congestion areas.