• Title/Summary/Keyword: Demand Forecasts

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Naval Vessel Spare Parts Demand Forecasting Using Data Mining (데이터마이닝을 활용한 해군함정 수리부속 수요예측)

  • Yoon, Hyunmin;Kim, Suhwan
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.4
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    • pp.253-259
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    • 2017
  • Recent development in science and technology has modernized the weapon system of ROKN (Republic Of Korea Navy). Although the cost of purchasing, operating and maintaining the cutting-edge weapon systems has been increased significantly, the national defense expenditure is under a tight budget constraint. In order to maintain the availability of ships with low cost, we need accurate demand forecasts for spare parts. We attempted to find consumption pattern using data mining techniques. First we gathered a large amount of component consumption data through the DELIIS (Defense Logistics Intergrated Information System). Through data collection, we obtained 42 variables such as annual consumption quantity, ASL selection quantity, order-relase ratio. The objective variable is the quantity of spare parts purchased in f-year and MSE (Mean squared error) is used as the predictive power measure. To construct an optimal demand forecasting model, regression tree model, randomforest model, neural network model, and linear regression model were used as data mining techniques. The open software R was used for model construction. The results show that randomforest model is the best value of MSE. The important variables utilized in all models are consumption quantity, ASL selection quantity and order-release rate. The data related to the demand forecast of spare parts in the DELIIS was collected and the demand for the spare parts was estimated by using the data mining technique. Our approach shows improved performance in demand forecasting with higher accuracy then previous work. Also data mining can be used to identify variables that are related to demand forecasting.

Forecasting of Seasonal Inflow to Reservoir Using Multiple Linear Regression (다중선형회귀분석에 의한 계절별 저수지 유입량 예측)

  • Kang, Jaewon
    • Journal of Environmental Science International
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    • v.22 no.8
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    • pp.953-963
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    • 2013
  • Reliable long-term streamflow forecasting is invaluable for water resource planning and management which allocates water supply according to the demand of water users. Forecasting of seasonal inflow to Andong dam is performed and assessed using statistical methods based on hydrometeorological data. Predictors which is used to forecast seasonal inflow to Andong dam are selected from southern oscillation index, sea surface temperature, and 500 hPa geopotential height data in northern hemisphere. Predictors are selected by the following procedure. Primary predictors sets are obtained, and then final predictors are determined from the sets. The primary predictor sets for each season are identified using cross correlation and mutual information. The final predictors are identified using partial cross correlation and partial mutual information. In each season, there are three selected predictors. The values are determined using bootstrapping technique considering a specific significance level for predictor selection. Seasonal inflow forecasting is performed by multiple linear regression analysis using the selected predictors for each season, and the results of forecast using cross validation are assessed. Multiple linear regression analysis is performed using SAS. The results of multiple linear regression analysis are assessed by mean squared error and mean absolute error. And contingency table is established and assessed by Heidke skill score. The assessment reveals that the forecasts by multiple linear regression analysis are better than the reference forecasts.

Water demand forecasting at the DMA level considering sociodemographic and waterworks characteristics (사회인구통계 및 상수도시설 특성을 고려한 소블록 단위 물 수요예측 연구)

  • Saemmul Jin;Dooyong Choi;Kyoungpil Kim;Jayong Koo
    • Journal of Korean Society of Water and Wastewater
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    • v.37 no.6
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    • pp.363-373
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    • 2023
  • Numerous studies have established a correlation between sociodemographic characteristics and water usage, identifying population as a primary independent variable in mid- to long-term demand forecasting. Recent dramatic sociodemographic changes, including urban concentration-rural depopulation, low birth rates-aging population, and the rise in single-person households, are expected to impact water demand and supply patterns. This underscores the necessity for operational and managerial changes in existing water supply systems. While sociodemographic characteristics are regularly surveyed, the conducted surveys use aggregate units that do not align with the actual system. Consequently, many water demand forecasts have been conducted at the administrative district level without adequately considering the water supply system. This study presents an upward water demand forecasting model that accurately reflects real water facilities and consumers. The model comprises three key steps. Firstly, Statistics Korea's SGIS (Statistical Geological Information System) data was reorganized at the DMA level. Secondly, DMAs were classified using the SOM (Self-Organizing Map) algorithm to consider differences in water facilities and consumer characteristics. Lastly, water demand forecasting employed the PCR (Principal Component Regression) method to address multicollinearity and overfitting issues. The performance evaluation of this model was conducted for DMAs classified as rural areas due to the insufficient number of DMAs. The estimation results indicate that the correlation coefficients exceeded 0.9, and the MAPE remained within approximately 10% for the test dataset. This method is expected to be useful for reorganization plans, such as the expansion and contraction of existing facilities.

Designing Study on Techno-Economic Assessment of Solar Photovoltaic Mini-Grid Project in Nepal

  • Poudel, Prasis;Bae, Sang-Hyun;Jang, Bongseog
    • Journal of Integrative Natural Science
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    • v.15 no.2
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    • pp.89-97
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    • 2022
  • This paper presents the comprehensive feasibility study of solar mini-grid project located in Bajhang District, Sudur Paschim Province, Nepal. The study has been conducted with the aim of developing a suitable size solar mini-grid system to meet electricity demand of proposed settlements of the village people. The study forecasts that the estimated average daily peak power consumption of load is about 20kW and average daily energy demand of load is about 100-150kWh/day in the base year 2022. The shared ratio of productive end uses is about 25% of the total power consumption and about 27% of the total energy demand, which will be used for small business/income generation activities and required 45kWp size solar power generation mini-grid system. The estimated project cost for the proposed 45kW solar mini-grid system technology, including 3 years of operation & maintenance, as well as power distribution network up to end user's premises is about 0.24 million USD. It is concluded that 45kWp photovoltaic mini-grid is feasible for the location.

Forecasting of Heat Demand in Winter Using Linear Regresson Models for Korea District Heating Corporation (한국지역난방공사의 겨울철 열수요 예측을 위한 선형회귀모형 개발)

  • Baek, Jong-Kwan;Han, Jung-Hee
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.3
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    • pp.1488-1494
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    • 2011
  • In this paper, we propose an algorithm using linear regression model that forecasts the demand of heated water in winter. To supply heated water to apartments, stores and office buildings, Korea District Heating Corp.(KDHC) operates boilers including electric power generators. In order to operate facilities generating heated water economically, it is essential to forecast daily demand of heated water with accuracy. Analysis of history data of Kangnam Branch of KDHC in 2006 and 2007 reveals that heated water supply on previous day as well as temperature are the most important factors to forecast the daily demand of heated water. When calculated by the proposed regression model, mean absolute percentage error for the demand of heated water in winter of the year 2006 through 2009 does not exceed 3.87%.

A study on electricity demand forecasting based on time series clustering in smart grid (스마트 그리드에서의 시계열 군집분석을 통한 전력수요 예측 연구)

  • Sohn, Hueng-Goo;Jung, Sang-Wook;Kim, Sahm
    • The Korean Journal of Applied Statistics
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    • v.29 no.1
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    • pp.193-203
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    • 2016
  • This paper forecasts electricity demand as a critical element of a demand management system in Smart Grid environment. We present a prediction method of using a combination of predictive values by time series clustering. Periodogram-based normalized clustering, predictive analysis clustering and dynamic time warping (DTW) clustering are proposed for time series clustering methods. Double Seasonal Holt-Winters (DSHW), Trigonometric, Box-Cox transform, ARMA errors, Trend and Seasonal components (TBATS), Fractional ARIMA (FARIMA) are used for demand forecasting based on clustering. Results show that the time series clustering method provides a better performances than the method using total amount of electricity demand in terms of the Mean Absolute Percentage Error (MAPE).

Application of the Intensity of Use of Mineral Consumption Forecasting (광물자원(鑛物資源) 수요예측(需要豫測) 모형(模型)으로서의 사용강도(使用强度) 방법(方法) 응용(應用))

  • Jeon, Gyoo Jeong
    • Economic and Environmental Geology
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    • v.23 no.4
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    • pp.383-392
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    • 1990
  • This study found that that dynamics of intensity of use and economic theory of derived demand can both be accommodated through an extensive translog demand model. The basic idea in this recognition is that the skewed life cycle empirical pattern of intensity of use plotted against per capita income is of lognormal form and this lognomal intensity of use model can be mathematically transformed into an eqivalent simple translog intensity of use model. Empirical results showed that this extensive traslog model, which is a flexible function and includes both the classical case of fixed coefficients and the dynamic case of varying coefficients of the explanatory variables, gave better forecasts than the original intensity of use model and other conventional models.

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KOREAN CONSTRUCTION JOB MARKET FORECAST FOR CIVIL/ARCHITECTURAL ENGINEERS

  • Hwan Pyo Park;Myung Jin Chae;Minwoo Lee
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.952-955
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    • 2005
  • In the early 90's, we had serious shortage of construction engineers in Korea. The shortage was acute especially in construction quality control and supervision area, which were gaining social attention due to the road bridge and the department store collapse that took the hundreds of lives in the early 90's in Seoul, Korea. In order to meet the high demand of construction engineers, the engineering license regulations were changed in 1995. Engineers who did not pass the written exam but have equivalent working experience are given engineering license to practice engineering legally. Since year 2000, while the severe engineer-shortage has been resolved, the opposite situation has occurred: there is serious over-supply of construction engineers. Policy makers and engineering practitioners are agreed to bring back the old-fashioned written exam engineer licensing system like before 1995, i.e., no more written exam exemption. However, the engineers who obtained license without taking written exam may not want to go back to old policy which would take their license. It is required to provide appropriate grace period before the new policy takes effect to minimize the impact of the changes. This paper forecasts the supply-demand of construction engineers providing the basis for the most appropriate policy changes.

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A Study on Forecasting Air Transport Demand between South and North Korea (남북한 연결 항공교통 수요예측에 관한 연구)

  • Lee, Yeong-Hyeok;Ryu, Min-Yeong;Choe, Seong-Ho
    • Journal of Korean Society of Transportation
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    • v.27 no.2
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    • pp.83-91
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    • 2009
  • This paper aims to predict air passenger and air freight demands in the air routes between South and North Korea. The air demands will be fostered by the visitors of Pyeongyang and Baekdu Mountain, whose forecasts will be used for supplying the air traffic services necessary for the active exchange and cooperation between South and North Korea in the future. The authors use the tool of regression analysis under the assumption of epoch-making progress in demand for aviation in accordance with the exchange and cooperation scenario between South and North Korea. After predicting the total number of travelers through regression analysis, the authors applied the share of air passengers among total travelers in order to predict the number of air passengers. Finally, the number of flights of each airport and route were forecasted by including the air freight, estimated from the number of air passengers.

Practical Review of Analysis Techniques for Patronage Ramp-up (Ramp-up 분석기법에 대한 실증적 고찰)

  • Chung, Sung-Bong;Chang, Justin Su-Eun;Kim, Ki-Min;Kim, Jeong-Hyun
    • Journal of Korean Society of Transportation
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    • v.26 no.5
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    • pp.17-28
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    • 2008
  • This study examines the ramp-up analysis techniques which have been introduced till now and presents the strength and weakness of each method. The applicability of each technique was reviewed using a case study involving the data of Cheonan-Nonsan motorway usages where seasonal variations of the data were removed. The results showed that all the techniques except F-test have the same ramp-up period of 12 months. The level of Tamp-up was 65%-72% compared to that of the real traffic volume at the beginning of opening. The demand recovered to the stabilized level as time goes on. To apply the methodology to practical demand forecasts actual surveys of real data of traffic demand should be performed. With these efforts to the patronage ramp-up, more reliable demand analyses can be accompanied.