• Title/Summary/Keyword: Demand forecasting

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A Model for the Forecasting Methodology of Radio Spectrum Demand (국내 전파자원 수요예측 모형)

  • 장희선;신현철;김한주
    • Journal of the Korea Society of Computer and Information
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    • v.7 no.1
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    • pp.94-102
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    • 2002
  • In this paper, we present a forecasting model for the spectrum demand which will be used for the mid/long-term spectrum forecasting in Korea. In specific, we present the bottom-up model with considering the customer not the previous top-down method. The Proposed model consists of service definition. classification of service characteristics, drawing representative service characteristic , forecasting of service demand, mapping with spectrum resource, verification and spectrum forecasting. The carried actions in each step is described in detail. For the validation of the model an example for the PCS environments is shown. traverse stepping stones for a variety of legitimate reasons.

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A Stochastic Pplanning Method for Semand-side Management Program based on Load Forecasting with the Volatility of Temperature (온도변동성을 고려한 전력수요예측 기반의 확률론적 수요관리량 추정 방법)

  • Wi, Young-Min
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.6
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    • pp.852-856
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    • 2015
  • Demand side management (DSM) program has been frequently used for reducing the system peak load because it gives utilities and independent system operator (ISO) a convenient way to control and change amount of electric usage of end-use customer. Planning and operating methods are needed to efficiently manage a DSM program. This paper presents a planning method for DSM program. A planning method for DSM program should include an electric load forecasting, because this is the most important factor in determining how much to reduce electric load. In this paper, load forecasting with the temperature stochastic modeling and the sensitivity to temperature of the electric load is used for improving load forecasting accuracy. The proposed planning method can also estimate the required day, hour and total capacity of DSM program using Monte-Carlo simulation. The results of case studies are presented to show the effectiveness of the proposed planning method.

Use of High-performance Graphics Processing Units for Power System Demand Forecasting

  • He, Ting;Meng, Ke;Dong, Zhao-Yang;Oh, Yong-Taek;Xu, Yan
    • Journal of Electrical Engineering and Technology
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    • v.5 no.3
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    • pp.363-370
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    • 2010
  • Load forecasting has always been essential to the operation and planning of power systems in deregulated electricity markets. Various methods have been proposed for load forecasting, and the neural network is one of the most widely accepted and used techniques. However, to obtain more accurate results, more information is needed as input variables, resulting in huge computational costs in the learning process. In this paper, to reduce training time in multi-layer perceptron-based short-term load forecasting, a graphics processing unit (GPU)-based computing method is introduced. The proposed approach is tested using the Korea electricity market historical demand data set. Results show that GPU-based computing greatly reduces computational costs.

Improvement of the Load Forecasting Accuracy by Reflecting the Operation Rates of Industries on the Consecutive Holidays (특수일 조업률 반영을 통한 전력수요예측 정확도 향상)

  • Lim, Nam-Sik;Lee, Sang-Joong
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.7
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    • pp.1115-1120
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    • 2016
  • This paper presents the daily load forecasting for special days considering the rate of operation of industrial consumers. The authors analyzed the power consumption pattern for both the special and ordinary days according to the contract power classification of industrial consumers, and selected 400~600 specific consumers for which the rates of operation during special days are needed. Load forecasting for 2014 special days considering the rate of operation of industrial consumers showed a noticeable improvement on forecasting error of daily peak demand, which proved the effectiveness of the survey for the rates of operation during special days of industrial consumers.

Evaluation of weather information for electricity demand forecasting (전력수요예측을 위한 기상정보 활용성평가)

  • Shin, YiRe;Yoon, Sanghoo
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.6
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    • pp.1601-1607
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    • 2016
  • Recently, weather information has been increasingly used in various area. This study presents the necessity of hourly weather information for electricity demand forecasting through correlation analysis and multivariate regression model. Hourly weather data were collected by Meteorological Administration. Using electricity demand data, we considered TBATS exponential smoothing model with a sliding window method in order to forecast electricity demand. In this paper, we have shown that the incorporation of weather infromation into electrocity demand models can significantly enhance a forecasting capability.

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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Development of the Forecasting Model for Parts in an Automobile (자동차 부품 수요의 예측 모형 개발)

  • Hong, Jung-Sik;Ahn, Jae-Kyung;Hong, Suk-Kee
    • Journal of Korean Institute of Industrial Engineers
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    • v.27 no.3
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    • pp.233-238
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    • 2001
  • This paper deals with demand forecasting of parts in an automobile model which has been extinct. It is important to estimate how much inventory of each part in the extinct model should be stocked because production lines of some parts may be replaced by new ones although there is still demands for the model. Furthermore, in some countries, there is a strong regulation that the automobile manufacturing company should provide customers with auto parts for several years whenever they are requested. The major characteristic of automobile parts demand forecasting is that there exists a close correlation between the number of running cars and the demand of each part. In this sense, the total demand of each part in a year is determined by two factors, the total number of running cars in that year and the failure rate of the part. The total number of running cars in year k can be estimated sequentially by the amount of shipped cars and proportion of discarded cars in years 1, 2,$\cdots$, i. However, it is very difficult to estimate the failure rate of each part because available inter-failure time data is not complete. The failure rate is, therefore, determined so as to minimize the mean squared error between the estimated demand and the observed demand of a part in years 1, 2,$\cdots$, i. In this paper, data obtained from a Korean automobile manufacturing company are used to illustrate our model.

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A Demand forecasting for Electric vehicles using Choice Based Multigeneration Diffusion Model (선택기반 다세대 확산모형을 이용한 전기자동차 수요예측 방법론 개발)

  • Chae, Ah-Rom;Kim, Won-Kyu;Kim, Sung-Hyun;Kim, Byung-Jong
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.10 no.5
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    • pp.113-123
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    • 2011
  • Recently, the global warming problem has arised around world, many nations has set up a various regulations for decreasing $CO_2$. In particular, $CO_2$ emissions reduction effect is very powerful in transport part, so there is a rising interest about development of green car, or electric vehicle in auto industry. For this reason, it is important to make a strategy for charging infra and forcast electric power demand, but it hasn't introduced about demand forecasting electric vehicle. Thus, this paper presents a demand forecasting for electric vehicles using choice based multigeneration diffusion model. In this paper, it estimates innovation coefficient, immitation coefficient in Bass model by using hybrid car market data and forecast electric vehicle market by year using potential demand market through SP(Stated Preference) experiment. Also, It facilitates more accurate demand forecasting electric vehicle market refelcting multigeneration diffusion model in accordance with attribute progress in development of electric vehicle. Through demand forecasting methodology in this paper, it can be utilized power supply and building a charging infra in the future.

Design of a Demand Forecasting System for Planning Production of Consumer Products (다품종(多品種) 소비자(消費者) 제품(製品)의 생산관리(生産管理)를 위(爲)한 수요예측모형(需要豫測模型))

  • Park, Jin-U
    • Journal of Korean Institute of Industrial Engineers
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    • v.12 no.1
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    • pp.55-61
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    • 1986
  • Mathematical forecasting models and a practical computer based forecasting system are developed for planning production in a manufacturing and distribution network. The forecasting system works at the highest level of a hierarchical computer-based decision support system consisting of the forecasting system, an aggregate planning system and a shop floor scheduling system. The dynamics of business operations for an actual company have been considered to make this study a unique comprehensive analysis of a real world forecasting problem.

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A New Metric for Evaluation of Forecasting Methods : Weighted Absolute and Cumulative Forecast Error (수요 예측 평가를 위한 가중절대누적오차지표의 개발)

  • Choi, Dea-Il;Ok, Chang-Soo
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.3
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    • pp.159-168
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    • 2015
  • Aggregate Production Planning determines levels of production, human resources, inventory to maximize company's profits and fulfill customer's demands based on demand forecasts. Since performance of aggregate production planning heavily depends on accuracy of given forecasting demands, choosing an accurate forecasting method should be antecedent for achieving a good aggregate production planning. Generally, typical forecasting error metrics such as MSE (Mean Squared Error), MAD (Mean Absolute Deviation), MAPE (Mean Absolute Percentage Error), and CFE (Cumulated Forecast Error) are utilized to choose a proper forecasting method for an aggregate production planning. However, these metrics are designed only to measure a difference between real and forecast demands and they are not able to consider any results such as increasing cost or decreasing profit caused by forecasting error. Consequently, the traditional metrics fail to give enough explanation to select a good forecasting method in aggregate production planning. To overcome this limitation of typical metrics for forecasting method this study suggests a new metric, WACFE (Weighted Absolute and Cumulative Forecast Error), to evaluate forecasting methods. Basically, the WACFE is designed to consider not only forecasting errors but also costs which the errors might cause in for Aggregate Production Planning. The WACFE is a product sum of cumulative forecasting error and weight factors for backorder and inventory costs. We demonstrate the effectiveness of the proposed metric by conducting intensive experiments with demand data sets from M3-competition. Finally, we showed that the WACFE provides a higher correlation with the total cost than other metrics and, consequently, is a better performance in selection of forecasting methods for aggregate production planning.