• Journal of Korean Society of Transportation
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• v.32 no.6
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• pp.589-599
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• 2014

This paper analyzes the forecasting errors of traffic volumes by comparing forecasted volumes for the opening year with the observed ones in the years after the urban railway construction in the metropolitan areas. The result shows that the average inaccuracy of traffic volumes for each station was estimated at around 7.27. Based on the confirmed factors of demand estimation errors, this study seeks for an alternative method to reduce estimation errors in feasibility studies. It is noted that there is a tendency that the inaccuracy varies by regions and the longer construction period or the shorter station spacing is, the overestimation increases. If urban railway projects are proceeded as planed, therefore, the level of the inaccuracy for traffic volume forecast will be decreased. In addition, thanks to the theoretical progress, recent estimation results show higher accuracy than before. In that sense, when we introduce the new railway line, it is necessary to make an accurate and realistic demand forecast based on actual outcomes and tendency of the previous estimation. The limitation of our study is that we only cover the errors of the initial period, the opening year and deal with the exogenous variables. Further research including other variables which might be considered to cause overestimation or errors would be needed for increasing the estimation accuracy of traffic volumes.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.353-358
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• 2001

Since the financial crisis broke out, liquidity has become the critical issue in housing construction industry. In order to secure liquidity, it is prerequisite to precisely forecast cash flow. However, construction companies have failed to come up with a systematic process to manage and forecast cash flow. Until now, companies have solely relied on the prediction of profits and losses, which is carried out as they review business feasibility. To obtain more accurate cash flow forecast model, practical pattern of payments should be taken into account. In this theory, basic model that analyzes practical housing payment collection pattern resulting from prepayments and arrears is described. This model is to complement conventional cash flow forecast scheme in the phase of business feasibility review. Analysis result on final losses in cash that occur as a result of prepayment and arrears is considered in this model. Additionally, in the estimation of construction cost in the phase of business feasibility review, real construction prices instead of official prices are applied to enhance accuracy of cash outflow forecast. The proportion of payment made by a bill and changes in payment date caused by rescheduling of a bill are also factored in to estimate cash outflow. This model would contribute to achieving accurate cash flow forecast that better reflect real situation and to enhancing efficiency in capital management by giving a clear picture with regard to the demand and supply timing of capital.

• Proceedings of the KIEE Conference
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• 1993.07a
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• pp.29-32
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• 1993

A technique computing short-term load foadcasting is essential for monitoring and controlling power system operation. This paper shows the use of general exponential smoothing to develop an adaptive forecasting system based on observed value of hourly demand. Forecasts of hourly load with lead times of one to twenty-four hours are computed at hourly intervals throughout the week. Standard error for lead times of one to twenty-four hour range from three to four percent average load. Studies are planned to investigate the use of weather influence to increase forecast accuracy.

• Journal of Korean Society of Forest Science
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• v.95 no.6
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• pp.778-783
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• 2006

Price prediction is essential to decisions of investment and shipment in oak mushroom cultivation. But predicting the prices of oak mushroom is very difficult because there are so many uncertain factors affecting the demand and the supply in the market. The Box-Jenkins methodology is one of strong tools in price prediction especially for the short-term using historical observations of time series. In this paper, the Box-Jenkins methodology is applied to find a model to forecast future oak mushroom prices. And out-of-sample test was conducted to check out the prediction accuracy. The result shows the high accuracy except for market disturbance period affected by unexpected weather change and reveals the usefulness of the model.

• Journal of Distribution Science
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• v.19 no.8
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• pp.47-56
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• 2021

Purpose: Maritime sector is fundamental to international trade; there is no doubt that seafarers have played an essential role in maritime shipping and distribution science industry. Thus, this study uses Grey models to predict the number of seafarers in Vietnam expecting to provide a range of future seafarers. Research design, data and methodology: Statistics data are adopted for numbers of seafarers by Vietnam Maritime Administration categorizing into three types: Officers at Management level, Officers at Operational level and Navigation - Engine officer cadet. Results: The results have showed that a lack of qualified seafarers in the distribution industry, which has become a global issue and Vietnam is facing challenges of providing enough supply of seafarers in the next few years. Since there has been a concern of the unbalance between demand and supply of seafarers, researches in maritime sector needs a high accuracy in forecasting the number of available qualified seafarers in Vietnam. Conclusion: This method can be applied to predict numbers of other human resources in transportation, distribution and/or logistics industries when the information is poor and insufficient. The next few years are predicted to witness a downtrend in sailors - oilers which leads to the fact that the total number of available seafarers is decreased.

• Journal of Korean Society of Transportation
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• v.22 no.4 s.75
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• pp.117-134
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• 2004

Truck traffic accounts for a substantial fraction of the traffic stream in many regions and is often the source of localized traffic congestion, potential parking and safety problems. Truck trips tend to be ignored or treated superficially in travel demand models. It reduces the effectiveness and accuracy of travel demand forecasting and may result in misguided transportation policy and project decisions. This paper presents the development of speed-flow relationships with truck impacts based on CORSIM simulation results in order to enhance travel demand model by incorporating truck trips. The traditional BPR(Bureau of Public Road) function representing the speed-flow relationships for roadway facilities is modified to specifically include the impacts of truck traffics. A number of new speed-flow functions have been developed based on CORSIM simulation results for freeways and urban arterials.

• Journal of the Society of Disaster Information
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• v.16 no.4
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• pp.842-848
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• 2020

Purpose: It is important to operate safely and economically in obsolescent power plant facilities. Economical operation is related in the balance of the supply and demand. Safety operation predicts the possible risks in the facilities and then, takes measures to the facilities. For the monitoring of the power plant facilities, we needs several kinds of the sensing system. From the sensors data, we can predict the possible risk. Method: We installed the acoustic, vibration, electric and smoke sensors in the power plant facilities. Using the data, we developed 3 kinds of prediction models, such as, demand prediction, plant engine abnormal prediction model, and risk prediction model. Results: Accuracy of the demand prediction model is over 90%. The other models make a stable operation of the system. Conclusion: For the sustainable operation of the obsolescent power plant, we developed 3 kinds of AI prediction models. The model apply to JB company's power plant facilities.

• International Journal of Highway Engineering
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• v.12 no.4
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• pp.61-70
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• 2010

The purpose of this study is to analyze the accuracy of traffic volume forecast by comparing an estimated to real traffic volume. For this study, total 10 sections of national highways, which are planned in 1980s and 1990s, were selected and traffic analysis data for highway construction were collected. In addition, targeted 10 sections were categorized into network-related and -unrelated sections. In the analysis of inaccuracy between the estimated and real traffic, for network-related sections, appeared to have lower inaccuracy. As time goes on after traffic open, inaccuracy between the estimated and real traffic appeared to be lower. In various section lengths, the longer the section length, the higher the inaccuracy is. Using 3 years passed data after traffic open, national highway have lower inaccuracy than expressway. However, the traffic analysis according to traffic open time resulted in little change of the inaccuracy.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2022.05a
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• pp.288-290
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• 2022

As part of the SOC digitization for smart water management and flood prevention, the government reported that automatic and remote control system for drainage facilities (180 billion won) to 57% of national rivers and established a real-time monitoring system (30 billion won). In addition, they were also planning to establish a smart dam safety management system (15 billion won) based on big data at 11 regions. Therefore, research is needed for smart water management and flood prevention system that can accurately calculate the flow rate through real-time flow rate measurement of rivers. In particular, the most important thing to improve the system implementation and accuracy is to ensure the accuracy of real-time flow rate measurements. To this end, radar sensors for measuring the flow rate of electromagnetic waves in the United States and Europe have been introduced and applied to the system in Korea, but demand for improvement of the system continues due to high price range and performance. Consequently, we would like to propose an improved flow rate measurement and flood forecast system by developing a radar sensor for measuring the electromagnetic surface current meter for real-time flow rate measurement.

• The Korean Journal of Applied Statistics
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• v.32 no.1
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• pp.139-148
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• 2019

This study proposed a multiple intervention time series model to predict KTX passenger demand. In order to revise the research of Kim and Kim (Korean Society for Railway, 14, 470-476, 2011) considering only the intervention of the second phase of Gyeong-bu before November of 2011, we adopted multiple intervention seasonal ARIMA models to model the time series data with additional interventions which occurred after November of 2011. Through the data analysis, it was confirmed that the effects of various interventions such as Gyeong-bu and Ho-nam 2 phase, outbreak of MERS and national holidays, which affected the KTX transportation demand, are successfully explained and the prediction accuracy could be quite improved significantly.