• Title/Summary/Keyword: Demand/Supply Forecasting

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Monthly Hanwoo supply and forecasting models

  • Hyungwoo, Lee;Seonu, Ji;Tongjoo, Suh
    • Korean Journal of Agricultural Science
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    • v.48 no.4
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    • pp.797-806
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    • 2021
  • As the number of scaled-up ranches increased and agile responses to market changes became possible, decision-making by Hanwoo cattle farms also began to affect short-term shipments. Considering the changing environment of the Hanwoo supply market and the response speed of producers, it is necessary quickly to grasp the forecast ahead of time and to respond accordingly in an effort to stabilize supply and demand in the Hanwoo market. In this study, short-term forecasting model centered on the supply of Hanwoo was established. The analysis conducted here indicates that the slaughter of Hanwoo males increases by 0.248 as the number of beef cattle raised over 29 months of age in the previous month increases by one, and 0.764 Hanwoo females were slaughtered under average conditions for every Hanwoo male slaughtered. With regard to time, the slaughtering of Hanwoo was higher in January and August, which are months known for holiday food preparation activities for the New Year and Chuseok in Korea, respectively. Simulations indicated that errors were within 10% in all simulations performed through the Hanwoo supply model. Accordingly, it is considered that the estimation results from the supply model devised in this study are reliable and that the model has good structural stability.

A Study on Proper Harbor Pilot Demand Estimation for ensuring Port Competitiveness in Korea (우리나라 항만경쟁력 확보를 위한 적정 도선사 수요산정에 관한 연구)

  • Kim, Tae-Goun;Jeon, Yeong-Woo
    • Journal of Navigation and Port Research
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    • v.44 no.6
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    • pp.564-570
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    • 2020
  • In order to propose a realistic demand forecast for harbor pilots, define a direction for securing a supply of pilots for the betterment of national logistic services, and ensure the competitiveness of Korean ports, this study intended first to propose a new forecasting process for harbor pilot requirements through conducting analysis of determining factors affecting harbor pilot demand. Additionally, analyzing relevant previous studies allowed us to estimate the number of pilots required in the past and asses the studies limitations. Our second purpose was to propose a more stable allocation method among different pilot areas after forecasting the demand of harbor pilots until 2027 through application of the new forecasting process. From this application, the total number of pilots required was forecasted at 270, suggesting the total demand for harbor pilots will be increased by 7.57% compared with 251 pilots in 2018.

Long-term Regional Electricity Demand Forecasting (지역별 장기 전력수요 예측)

  • Kwun, Young-Han;Rhee, Chang-Mo;Jo, In-Seung;Kim, Je-Gyun;Kim, Chang-Soo
    • Proceedings of the KIEE Conference
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    • 1990.07a
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    • pp.87-91
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    • 1990
  • Regional electricity demand forecasting is among the most important step for lone-term investment and power supply planning. This study presents a regional electricity forecasting model for Korean power system. The model consists of three submodels, regional economy, regional electricity energy demand, and regional peak load submodels. A case study is presented.

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Forecasting Demand of Childcare Teachers using Time Series Analysis (시계열 분석을 통한 보육교사 수급 전망)

  • Lee, Mee Hwa;Park, Jinah;Kang, Eun Jin
    • Korean Journal of Childcare and Education
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    • v.12 no.6
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    • pp.123-137
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    • 2016
  • The purpose of this study was to forecast demand of childcare teachers based ion four different scenarios. In order to, the demand for childcare teachers from 2015 to 2024 were forecasted using time series techniques with data on the number of childcare teachers from 2003 to 2014. Results were as followings. Firstly, the demand for childcare teachers was expected to increase until 2019, but after 2020 steadily decreased in terms of scenario 1(child teacher ratio regulation). According to scenario 2(child teacher ratio based on 17 cities and provinces), the demand for childcare teachers was expected to need 440 teachers more until 2016. Then, according to scenario 3(two teachers each class), Scenario 4-1(one teacher and one staff each 2 toddler class and 3 older class) and scenario 4-2(one teacher and one staff each class), the demand of childcare teachers and staffs were estimated. These results implicated that childcare teachers and staffs supply policy would be established according to forecast demand.

Load Forecasting using Hierarchical Clustering Method for Building (계층적 군집분석방법을 활용한 건물 부하의 전력수요예측)

  • Hwang, Hye-Mi;Lee, Sung-Hee;Park, Jong-Bae;Park, Yong-Gi;Son, Sung-Yong
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.1
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    • pp.41-47
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    • 2015
  • In recent years, energy supply cases to take advantage of EMS(Energy Management System) are increasing according to high interest of energy efficiency. The important factor for essential and economical EMS operation is the supply and demand plan the hourly power demand of building load using the hierarchical clustering method of variety statistical techniques, and use the real historical data of target load. Also the estimated results of study are obtained the reliability through separate tests of validity.

전력산업 인력수급 예측모형 개발 연구

  • Lee, Yong-Seok;Lee, Geun-Jun;Gwak, Sang-Man
    • Proceedings of the Korean System Dynamics Society
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    • 2006.04a
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    • pp.101-122
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    • 2006
  • A series of system dynamics model was developed for forecasting demand and supply of human resource in the electricity industry. To forecast demand of human resource in the electric power industry, BLS (Bureau of Labor Statistics) methodology was used. To forecast supply of human resource in the electric power industry, forecasting on the population of our country and the number of students in the department of electrical engineering were performed. After performing computer simulation with developed system dynamics model, it is discovered that the shortage of human resource in the electric power industry will be 3,000 persons per year from 2006 to 2015, and more than a double of current budget is required to overcome this shortage of human resource.

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Development of Forecasting Model in Tax Exemption Oil of Fisheries Using Seasonal ARIMA

  • Cho, Yong-Jun;Kim, Yeong-Hwa
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.4
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    • pp.1037-1046
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    • 2008
  • Recently, the oil suppliers who supply the tax-exempt oil to the fishery are confronted with big trouble in their supply and demand system due to the unstable global oil prices. We applied the seasonal ARIMA(SARIMA) model to the low-sulfur and high-sulfur crude oil which are in great request and developed forecasting systems for them. Since there are many parameters in SARIMA, it is difficult to estimate the optimal parameters, but it is overcome by using simulation looping program. In conclusion, we found that the obvious seasonality in demand of low-sulfur and these demands are tending downwards gradually.

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Forecasting the Demand and Supply and Diagnosing the Shortage of Marine Officer for Korean Coastal Shipping (내항 해기사 인력 수요 및 공급 예측과 인력 부족 진단)

  • Shin, Sang-Hoon;Shin, Yong-John
    • Journal of Korea Port Economic Association
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    • v.40 no.1
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    • pp.15-30
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    • 2024
  • This study examined the current status of the number of ships and marine officers in the coastal shipping in order to successfully solve the problem of the shortage of manpower. Then it forecast the number of costal ships by ship size and the demand of coastal marine officers by applying the crew quota of the Ship Personnel Act. In addition, The supply of manpower was predicted using the Markov model, reflecting the number of turnover and retirements by year, as well as the number of new entrants and incomer from ocean-going shipping. As a result of forecasts, the demand for coastal marine officers is forecast to increase from 6,057 in 2023 to 7,079 in 2030, and the supply is forecast to decrease from 5,771 in 2023 to 5,130 in 2030, showing that the manpower of shortage is worsening. This study analyzed the problem of the shortage of lower-level licensed coastal marine officers and objectively forecast the demand and supply of manpower through quantitative analysis. In order to resolve the manpower shortage, it was proposed to expand the training and supply of 5th and 6th grade low-level licensed coastal marine officers. This study will be able to provide useful data to solve the problem of shortage of manpower for coastal shipping.

Analysis on the Determinants of Hotel Occupancy Rate in Jeju Island (제주지역 호텔이용률에 영향을 미치는 결정요인 분석)

  • Ryu, Kang-Min;Song, Ki-Wook
    • Land and Housing Review
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    • v.9 no.4
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    • pp.10-18
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    • 2018
  • As the volatility increasement of the number of tourist, there was been controversy over supply-demand imbalance in hotel market. The purpose of this study is to analysis on determinants of hotel occupancy rate in Jeju Island. The quantitative method is based on cointegrating regression, using an empirical dataset with hotel from 2000 to 2017. The primary results of research is briefly summarized as follows; First, there are high relationship between total hotel occupancy rate and hotel occupancy of foreign tourist. The volatility of hotel occupancy is caused by foreigner user than local tourists though local tourist high propotion of hotel occupancy in Jeju Island. Second, hotel occupancy of local tourist has not relationship with demand and supply variables. Because some hotel users are not local tourists but local resident, and effects to other variables of hotel consumer trend, accommodation such as Guest house, Airbnb. Third, there are high relationship between foreign hotel occupancy rate and demand-supply variables. These research imply that total management of supply-demand is very important to seek stability of hotel occupancy rate in Jeju Island. Also it can provide a useful solution regarding mismatch problem between supply-demand as well as development the systematic forecasting model for hotel market participants.

Forecasting Daily Demand of Domestic City Gas with Selective Sampling (선별적 샘플링을 이용한 국내 도시가스 일별 수요예측 절차 개발)

  • Lee, Geun-Cheol;Han, Jung-Hee
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.10
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    • pp.6860-6868
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    • 2015
  • In this study, we consider a problem of forecasting daily city gas demand of Korea. Forecasting daily gas demand is a daily routine for gas provider, and gas demand needs to be forecasted accurately in order to guarantee secure gas supply. In this study, we analyze the time series of city gas demand in several ways. Data analysis shows that primary factors affecting the city gas demand include the demand of previous day, temperature, day of week, and so on. Incorporating these factors, we developed a multiple linear regression model. Also, we devised a sampling procedure that selectively collects the past data considering the characteristics of the city gas demand. Test results on real data exhibit that the MAPE (Mean Absolute Percentage Error) obtained by the proposed method is about 2.22%, which amounts to 7% of the relative improvement ratio when compared with the existing method in the literature.