• Title/Summary/Keyword: Demand forecasting

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Airline In-flight Meal Demand Forecasting with Neural Networks and Time Series Models

  • Lee, Young-Chan
    • Proceedings of the Korea Association of Information Systems Conference
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    • 2000.11a
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    • pp.36-44
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    • 2000
  • The purpose of this study is to introduce a more efficient forecasting technique, which could help result the reduction of cost in removing the waste of airline in-flight meals. We will use a neural network approach known to many researchers as the “Outstanding Forecasting Technique”. We employed a multi-layer perceptron neural network using a backpropagation algorithm. We also suggested using other related information to improve the forecasting performances of neural networks. We divided the data into three sets, which are training data set, cross validation data set, and test data set. Time lag variables are still employed in our model according to the general view of time series forecasting. We measured the accuracy of our model by “Mean Square Error”(MSE). The suggested model proved most excellent in serving economy class in-flight meals. Forecasting the exact amount of meals needed for each airline could reduce the waste of meals and therefore, lead to the reduction of cost. Better yet, it could enhance the cost competition of each airline, keep the schedules on time, and lead to better service.

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A New Algorithm for Recursive Short-term Load Forecasting (순환형식에 의한 기분거좌상측 알고리)

  • Young-Moon Park;Sung-Chul Oh
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.32 no.5
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    • pp.183-188
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    • 1983
  • This paper deals with short-term load forecasting. The load model is represented by the state variable form to exploit the Kalman filter technique. The load model is derived from Taylor series expansion and remainder term is considered as noise term. In order to solve recursive filter form, among various algorithm of solving Kalman filter, this paper uses exponential data weighting technique. This paper also deals with the asymptotic stability of filter. Case studies are carried out for the hourly power demand forecasting of the Korea electrical system.

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A Tutorial: Information and Communications-based Intelligent Building Energy Monitoring and Efficient Systems

  • Seo, Si-O;Baek, Seung-Yong;Keum, Doyeop;Ryu, Seungwan;Cho, Choong-Ho
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.7 no.11
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    • pp.2676-2689
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    • 2013
  • Due to increased consumption of energy in the building environment, the building energy management systems (BEMS) solution has been developed to achieve energy saving and efficiency. However, because of the shortage of building energy management specialists and incompatibility among the energy management systems of different vendors, the BEMS solution can only be applied to limited buildings individually. To solve these problems, we propose a building cluster based remote energy monitoring and management (EMM) system and its functionalities and roles of each sub-system to simultaneously manage the energy problems of several buildings. We also introduce a novel energy demand forecasting algorithm by using past energy consumption data. Extensive performance evaluation study shows that the proposed regression based energy demand forecasting model is well fitted to the actual energy consumption model, and it also outperforms the artificial neural network (ANN) based forecasting model.

Forecasting Methodology of the Radio Spectrum Demand (무선자원 서비스 수요예측 방안)

  • Kim Jeom-Gu;Jang Hee-Seon;shin Hyun-Cheul
    • The Journal of Information Technology
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    • v.5 no.4
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    • pp.173-183
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    • 2002
  • In this paper, we propose an efficient forecasting methodology of the mid and long-term frequency demand in Korea. The methodology consists of the following three steps: classification of basic service group, calculation of effective traffic, and frequency forecasting. Based on the previous studies, we classify the services into wide area mobile, short range radio, fixed wireless access and digital video broadcasting in the step of the classification of basic service group. For the calculation of effective traffic, we use the measures of erlang and bps. The step of the calculation of effective traffic classifies the user and basic application, and evaluates the effective traffic. Finally, in the step of frequency forecasting, different methodology will be proposed for each service group.

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Investigation and Empirical Validation of Industry Uncertainty Risk Factors Impacting on Bankruptcy Risk of the Firm (기업부도위험에 영향을 미치는 산업 불확실성 위험요인의 탐색과 실증 분석)

  • Han, Hyun-Soo;Park, Keun-Young
    • Korean Management Science Review
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    • v.33 no.3
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    • pp.105-117
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    • 2016
  • In this paper, we present empirical testing result to examine the validity of inbound supply and outbound demand risk factors in the sense of early predicting the firm's bankruptcy risk level. The risk factors are drawn from industry uncertainty attributes categorized as uncertainties of input market (inbound supply), and product market (outbound demand). On the basis of input-output table, industry level inbound and outbound sectors are identified to formalize supply chain structures, relevant inbound and outbound uncertainty attributes and corresponding risk factors. Subsequently, publicly available macro-economic indicators are used to appropriately quantify these risk factors. Total 68 industry level bankruptcy risk forecasting results are presented with the average R-square scores of between 53.4% and 37.1% with varying time lag. The findings offers useful insights to incorporate supply chain risk to the body of firm's bankruptcy risk level prediction literature.

Second-Order Learning for Complex Forecasting Tasks: Case Study of Video-On-Demand (복잡한 예측문제에 대한 이차학습방법 : Video-On-Demand에 대한 사례연구)

  • 김형관;주종형
    • Journal of Intelligence and Information Systems
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    • v.3 no.1
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    • pp.31-45
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    • 1997
  • To date, research on data mining has focused primarily on individual techniques to su, pp.rt knowledge discovery. However, the integration of elementary learning techniques offers a promising strategy for challenging a, pp.ications such as forecasting nonlinear processes. This paper explores the utility of an integrated a, pp.oach which utilizes a second-order learning process. The a, pp.oach is compared against individual techniques relating to a neural network, case based reasoning, and induction. In the interest of concreteness, the concepts are presented through a case study involving the prediction of network traffic for video-on-demand.

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Short-term demand forecasting method at both direction power exchange which uses a data mining (데이터 마이닝을 이용한 양방향 전력거래상의 단기수요예측기법)

  • Kim Hyoung Joong;Lee Jong Soo;Shin Myong Chul;Choi Sang Yeoul
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.722-724
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    • 2004
  • Demand estimates in electric power systems have traditionally consisted of time-series analyses over long time periods. The resulting database consisted of huge amounts of data that were then analyzed to create the various coefficients used to forecast power demand. In this research, we take advantage of universally used analysis techniques analysis, but we also use easily available data-mining techniques to analyze patterns of days and special days(holidays, etc.). We then present a new method for estimating and forecasting power flow using decision tree analysis. And because analyzing the relationship between the estimate and power system ceiling Trices currently set by the Korea Power Exchange. We included power system ceiling prices in our estimate coefficients and estimate method.

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Power Supply Considering load Characteristics and Eletricity Usage Pattern of Domestic Remote Islands (계통비연계 도서지역의 수요특성과 패턴분석에 따른 전력보급방안)

  • Jo, I.S.;Rhee, C.H.
    • Proceedings of the KIEE Conference
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    • 2002.07a
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    • pp.432-434
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    • 2002
  • Recently, electricity demand of remote islands in Korea has been rapidly increased. It's mainly due to increase of income level resulted from economic development. Electricity demand patterns and characteristics in remote islands are different from those of mainland in point of time of peak load, demographic and industrial characteristics of islands, and so on. The optimal power supply in remote islands has a important relationship with accurate analysis of island's load characteristics, the adoption of relevant load forecasting technique, and optimal power facilities reflecting local's electricity demand characteristics. This paper shows the recent load pattern and characteristics, load forecasting using probability distribution, and the perpetration of relevant power facilities in remote islands.

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The Demand Forecasting of Game Products by Bass Model (Bass모델을 응용한 게임제품의 수요예측)

  • Lee, Ji-Hun;Jung, Heon-Soo;Kim, Hyoung-Gil;Jang, Chang-Ik
    • Journal of Korea Game Society
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    • v.4 no.1
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    • pp.34-40
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    • 2004
  • This study introduces and empirically test the validity of Bass model that helps demand forecasting of new game products. The application of Bass model to new game products show that Bass model predicts the demand of new game accurately. In particular, it showed very good predictability of on-line game products.

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Parameter estimation of the Diffusion Model for Demand Side Management Monitoring System (DSM Monitoring을 위한 확산 모델의 계수 추정)

  • Choi, Cheong-Hun;Jeong, Hyun-Su;Kim, Jin-O
    • Proceedings of the KIEE Conference
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    • 1998.07c
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    • pp.1073-1075
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    • 1998
  • This paper presents the method of parameter estimation of diffusion model for monitoring Demand-Side Management Program. Bass diffusion model was applied in this paper, which has different values according to parameters ; coefficients of innovation, imitation and potential adopters. Though it is very important to estimate three parameter, there are no empirical results in practice. Thus, this paper presents the method of parameter estimation in case of few data with constraints to reduce the possibility of bad estimation. The constraints are empirical results or expert's decision. Case studies show the diffusion curves of high-efficient lighting and also forecasting of the peak value for power demand considering diffusion of high-efficient lighting, the feedback and least-square parameter estimation method used in this paper enable us to evaluate the status and forecasting of the effect of DSM program.

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