• Title/Summary/Keyword: Demand estimation

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A Model Specification for the Household Demand for Credit (가계의 신용 수요 모형 설정에 관한 연구)

  • 최현자
    • Korean Journal of Rural Living Science
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    • v.6 no.2
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    • pp.173-183
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    • 1995
  • On the basis of intertemporal utility maximization theory and stock-adjustment hypothesis, a multivariate stock-adjustment credit demand model, which included on- and cross-adjustment effects of credit and cross-adjustment effects of assets was developed. With weighted four-year panel data from 1983 and 1986 Surveys of Consumer Finances, the theoretical model was tested using two-stage estimation method for tobit model. The results supported the hypothesis that, in general, the household demand for a certain type of credit was related to the demand for other types of credit and asset components in the portfolio. The household demand for mortgage credit, installment credit and revolving credit card debt depended not only on the disequilibrium of itself but on the disequilibrium of the other types of credit and asset components in the portfolio. The household demand for non-installment credit was related not to the disequilibrium of itself and other types of credit but to the disequilibria of asset components in the portfolio.

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An Estimation of the Price Elasticity for Tobacoo Demand (도시가구의 인구학적 특성별 담배 수요의 가격 탄력성 추정에 관한 연구)

  • Kim Won Nyon
    • Korea journal of population studies
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    • v.27 no.1
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    • pp.81-90
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    • 2004
  • The aim of this study is to estimate the own price elasticities for tobacco demand among Korean urban households. Using the expenditure data of smoking urban households, the quadratic almost ideal demand system is estimated. The estimated price elasticity of tobacco demand is -0.52 on the average value. The higher households income, the higher education level of households head, and the higher number of children, the tobacco demand gets more inelastic.

Estimation of Paddy Water Demand Using Land Cover Map in North Korea (토지피복도를 이용한 북한 지역의 논용수 수요량 추정)

  • Yu, Seung-Hwan;Yun, Seong-Han;Hong, Seok-Yeong;Choe, Jin-Yong
    • KCID journal
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    • v.14 no.2
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    • pp.236-244
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    • 2007
  • Agricultural water demand in North Korea must be considered for the near-future investment in agricultural consolidation projects and to prepare for the future unification. Thus, the objective of this study is to estimate the agricultural water demand of paddy fieldss in North Korea. GIS data including land cover classification map, Thiessen network and administration maps of North Korea, and meteorological data were synthesized. In order to estimate paddy water demand for a 10-year return period, the FAO Blaney-Criddle method and the fixed effective rainfall ratio method were used. The results showed that 4.77 billion $\beta$(c)/year paddy water demand is required for the 512,400 ha of paddy fieldss. Paddy water demand in the three major regions - Hwanghaedo, Pyeongando, Hamgyeongnamdo - was estimated chargong 81.7 percent of total paddy water demand in North Korea.

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Development of Energy Demand Models for Hospitals (병원 건물의 에너지 부하모델 개발)

  • Park, Hwa-Choon;Chung, Mo
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.21 no.11
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    • pp.636-642
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    • 2009
  • Energy consumption data are surveyed and measured to develop energy demand models for hospital buildings as part of a complete package. Daily consumption profiles for electricity, heating, cooling and hot water are surveyed for 14 carefully chosen hospitals to establish energy demand patterns for a time span of a year. Then the hourly demand patterns of the 4 loads are field-measured for different seasons and statistically analyzed to provide higher resolution models. Used in conjunction with energy demand models for other types of buildings, the high resolution of 8760 hour energy demand models for a hospital for a typical year will serve as building blocks for the comprehensive model that allows the estimation of the combined loads for arbitrary mixtures of buildings.

A Proposal to Control System and the Problems of the Problems of the Report about Supply and Demand for Medical Technicians and Management Policy ("의료기사인력수급에 관한 보고서"의 문제점과 관리제도의 개선방안)

  • Kim, Sang-Hyun;Lim, Yongmoo
    • Journal of Korean Ophthalmic Optics Society
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    • v.13 no.4
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    • pp.25-30
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    • 2008
  • Purpose: In this paper, we have analyzed the problems of the Oh's report which is used to the basic data for supply and demand of medical technicians and studied a proposal for improvement to control system and supply and demand of korean optometrists. Methods: We have analyzed errors of Oh's report including supply and demand for medical technicians and management policy, expecting number for future optician, inaccurate estimation by limited data (employment rate, retirement rate, mortality rate) and an incorrect method of measurement for future supply and demand. Results: Oh's report showed the 18% error for estimation of supply which exclude the irregular entrance students. The estimation of supply was calculated by graduation rate 62.6% (college and University of Technology are 78.9% and 85.98% respectively), employment rate 65.8% (the average employment between 2002 and 2007 is 73.96%) and retirement rate is 2.3% (the retirement of pharmacists is 1.3%) but it showed the significant differences to objective data. For estimate the suitable ratio of optometrists to the population, the ratio use of medical facilities by an age group was used, and suggested spectacle wearers 1,280 persons (populations 2,928 persons) per optometrist but the different from reference of Germany (4,706 persons), America (1,789 persons) and Korea (1,825 persons/an optometrist) are applied to estimation on supply. This report applied the low employment rate and argued that maintain the present situation, but claimed that utilize unemployment persons. The above result has induced double weighting effect on estimation of supply. Conclusions: To solve the related problems of supply and demand, we have to make a search for exact data and optimum application model, have to take an example of nation similar job category as Germany and the research result of the job satisfaction into consideration. After we get the integrated research result, we must carried out the policy with fairness and balance for the estimation of supply and demand. Therefore exact research is required prior to beginning policy establishment, government and related group have to make a clear long-term plan and permanent organization for medical technician to establish supply and demand of medical technician.

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Characteristics of Electric-Power Use in Residential Building by Family Composition and Their Income Level (거주자 구성유형 및 소득수준에 따른 주거용 건물 내 전력소비성향)

  • Seo, Hyun-Cheol;Hong, Won-Hwa;Nam, Gyeong-Mok
    • Journal of the Korean housing association
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    • v.23 no.6
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    • pp.31-38
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    • 2012
  • In this paper, we draws tendency of the electricity consumption in residential buildings according to inhabitants Composition types and the level of incomes. it is necessary to reduce energy cost and keep energy security through the electricity demand forecasting and management technology. Progressive social change such as increases of single household, the aging of society, increases in the income level will replace the existing residential electricity demand pattern. However, Only with conventional methods that using only the energy consumption per-unit area are based on Energy final consumption data can not respond to those social and environmental change. To develop electricity demand estimation model that can cope flexibly to changes in the social and environmental, In this paper researches propensity of electricity consumption according to the type of residents configuration, the level of income. First, we typed form of inhabitants in residential that existed in Korea. after that we calculated hourly electricity consumption for each type through National Time-Use Survey performed at the National Statistical Office with considering overlapping behavior. Household appliances and retention standards according to income level is also considered.

Performance Analysis of Electricity Demand Forecasting by Detail Level of Building Energy Models Based on the Measured Submetering Electricity Data (서브미터링 전력데이터 기반 건물에너지모델의 입력수준별 전력수요 예측 성능분석)

  • Shin, Sang-Yong;Seo, Dong-Hyun
    • Journal of Korean Institute of Architectural Sustainable Environment and Building Systems
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    • v.12 no.6
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    • pp.627-640
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    • 2018
  • Submetering electricity consumption data enables more detail input of end use components, such as lighting, plug, HVAC, and occupancy in building energy modeling. However, such an modeling efforts and results are rarely tried and published in terms of the estimation accuracy of electricity demand. In this research, actual submetering data obtained from a university building is analyzed and provided for building energy modeling practice. As alternative modeling cases, conventional modeling method (Case-1), using reference schedule per building usage, and main metering data based modeling method (Case-2) are established. Detail efforts are added to derive prototypical schedules from the metered data by introducing variability index. The simulation results revealed that Case-1 showed the largest error as we can expect. And Case-2 showed comparative error relative to Case-3 in terms of total electricity estimation. But Case-2 showed about two times larger error in CV (RMSE) in lighting energy demand due to lack of End Use consumption information.

Short-term Forecasting of Power Demand based on AREA (AREA 활용 전력수요 단기 예측)

  • Kwon, S.H.;Oh, H.S.
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.1
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    • pp.25-30
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    • 2016
  • It is critical to forecast the maximum daily and monthly demand for power with as little error as possible for our industry and national economy. In general, long-term forecasting of power demand has been studied from both the consumer's perspective and an econometrics model in the form of a generalized linear model with predictors. Time series techniques are used for short-term forecasting with no predictors as predictors must be predicted prior to forecasting response variables and containing estimation errors during this process is inevitable. In previous researches, seasonal exponential smoothing method, SARMA (Seasonal Auto Regressive Moving Average) with consideration to weekly pattern Neuron-Fuzzy model, SVR (Support Vector Regression) model with predictors explored through machine learning, and K-means clustering technique in the various approaches have been applied to short-term power supply forecasting. In this paper, SARMA and intervention model are fitted to forecast the maximum power load daily, weekly, and monthly by using the empirical data from 2011 through 2013. $ARMA(2,\;1,\;2)(1,\;1,\;1)_7$ and $ARMA(0,\;1,\;1)(1,\;1,\;0)_{12}$ are fitted respectively to the daily and monthly power demand, but the weekly power demand is not fitted by AREA because of unit root series. In our fitted intervention model, the factors of long holidays, summer and winter are significant in the form of indicator function. The SARMA with MAPE (Mean Absolute Percentage Error) of 2.45% and intervention model with MAPE of 2.44% are more efficient than the present seasonal exponential smoothing with MAPE of about 4%. Although the dynamic repression model with the predictors of humidity, temperature, and seasonal dummies was applied to foretaste the daily power demand, it lead to a high MAPE of 3.5% even though it has estimation error of predictors.

Estimation and utilization of transport LPG demand function (수송용 LPG 수요함수의 추정 및 활용)

  • Lee, Seung-Jae;Han, Jong-Ho;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.21 no.3
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    • pp.301-308
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    • 2012
  • This paper attempts to estimate the demand function for the transport LPG and to analyze long-run and short-run price and income elasticities. In addition, the paper measures consumer surplus and economic value ensuing from the transport LPG consumption by utilizing the estimated long-run price elasticity. The price and the income data are the monthly real transport LPG price and the monthly composite index adjusted by real transport LPG price from 2003 to 2012. Unit root test, co-integration test and error correction model are to take the procedure of estimation of demand curve. The demand for transport LPG is considered to be inelastic and the long-run demand is more elasticity than that of short-run. Price elasticity of demand estimate here is -0.422, and the estimated consumer surplus and economic value in 2010/03 are 966 and 1,781 billion won, respectively.

Development of International Passenger Travel Demand Models for the ASEAN Region (아세안지역의 국가간 여객통행수요 추정모형 구축에 관한 연구)

  • Mun, Jin-Su;Park, Jun-Hwan;Jung, Ho-Young
    • Journal of Korean Society of Transportation
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    • v.26 no.6
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    • pp.7-15
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    • 2008
  • Due to the limitations in the statistical data, the existing studies adopted rough methodologies with strong assumptions in the estimation of international passenger travel demand forecast in the ASEAN region. This study aims to develop international passenger travel demand models using scientific methodologies. This study proposes a direct demand model using the immigration and emigration data between countries in the region. This is because of the difficulty of estimating trip generation and trip distribution separately due to the data limitation in the region. As there does not exist the mode choice model for the region, this study estimates a mode choice model using the Stated Preference technique. The mode choice model is separated into three categories of models according to the range of distance between the origin and destination of travel; this is to reflect the different behavior in mode choice according to the travel distance. The result of model estimations suggests that the estimated models produce resonable results statistically. It is expected that the proposed models are useful for the future travel demand estimation in the ASEAN region.