• Title/Summary/Keyword: Demand forecasting

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Constrained NLS Method for Long-term Forecasting with Short-term Demand Data of a New Product (제약적 NLS 방법을 이용한 출시 초기 신제품의 중장기 수요 예측 방안)

  • Hong, Jungsik;Koo, Hoonyoung
    • Journal of the Korean Operations Research and Management Science Society
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    • v.38 no.1
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    • pp.45-59
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    • 2013
  • A long-term forecasting method for a new product in early stage of diffusion is proposed. The method includes a constrained non-linear least square estimation with the logistic diffusion model. The constraints would be critical market informations such as market potential, peak point, and take-off. Findings on 20 cases having almost full life cycle are that (i) combining any market information improves the forecasting accuracy, (ii) market potential is the most stable information, and (iii) peak point and take-off information have negative effect in case of overestimation.

Short-term Peak Load Forecasting using Regression Models and Neural Networks (회귀모형과 신경회로망 모형을 이용한 단기 최대전력수요예측)

  • Koh, Hee-Seog;Ji, Bong-Ho;Lee, Hyun-Moo;Lee, Chung-Sik;Lee, Chul-Woo
    • Proceedings of the KIEE Conference
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    • 2000.07a
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    • pp.295-297
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    • 2000
  • In case of power demand forecasting the most important problem is to deal with the load of special-days, Accordingly, this paper presents a method that forecasting special-days load with regression models and neural networks. Special-days load in summer season was forecasted by the multiple regression models using weekday change ratio Neural networks models uses pattern conversion ratio, and orthogonal polynomial models was directly forecasted using past special-days load data. forecasting result obtains % forecast error of about $1{\sim}2[%]$. Therefore, it is possible to forecast long and short special-days load.

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Harvest Forecasting Improvement Using Federated Learning and Ensemble Model

  • Ohnmar Khin;Jin Gwang Koh;Sung Keun Lee
    • Smart Media Journal
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    • v.12 no.10
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    • pp.9-18
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    • 2023
  • Harvest forecasting is the great demand of multiple aspects like temperature, rain, environment, and their relations. The existing study investigates the climate conditions and aids the cultivators to know the harvest yields before planting in farms. The proposed study uses federated learning. In addition, the additional widespread techniques such as bagging classifier, extra tees classifier, linear discriminant analysis classifier, quadratic discriminant analysis classifier, stochastic gradient boosting classifier, blending models, random forest regressor, and AdaBoost are utilized together. These presented nine algorithms achieved exemplary satisfactory accuracies. The powerful contributions of proposed algorithms can create exact harvest forecasting. Ultimately, we intend to compare our study with the earlier research's results.

A Study on the Seasonal Decomposition of the Railway Passenger Demand (철도수요의 시계열 분해 방법에 대한 연구)

  • 오석문;김동희
    • Proceedings of the KSR Conference
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    • 2001.10a
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    • pp.111-116
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    • 2001
  • This paper introduces how to adopt the X-12-ARIMA to decompose the railway passenger demand of the Korea National Railroad Especially, selecting on proper filters is focused. The trend filter is identical to the low pass filter in the signal Processing field, and so the seasonal filter is to band pass filter too. Some considerations, selecting a filter, are provided from the view-point of the spectrum analysis. The technique introduced in this paper will be adopted to the project that is to develope the forecasting system of Korea railway passenger demand which is a part of the high speed rail information system.

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Forecasting daily peak load by time series model with temperature and special days effect (기온과 특수일 효과를 고려하여 시계열 모형을 활용한 일별 최대 전력 수요 예측 연구)

  • Lee, Jin Young;Kim, Sahm
    • The Korean Journal of Applied Statistics
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    • v.32 no.1
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    • pp.161-171
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    • 2019
  • Varied methods have been researched continuously because the past as the daily maximum electricity demand expectation has been a crucial task in the nation's electrical supply and demand. Forecasting the daily peak electricity demand accurately can prepare the daily operating program about the generating unit, and contribute the reduction of the consumption of the unnecessary energy source through efficient operating facilities. This method also has the advantage that can prepare anticipatively in the reserve margin reduced problem due to the power consumption superabundant by heating and air conditioning that can estimate the daily peak load. This paper researched a model that can forecast the next day's daily peak load when considering the influence of temperature and weekday, weekend, and holidays in the Seasonal ARIMA, TBATS, Seasonal Reg-ARIMA, and NNETAR model. The results of the forecasting performance test on the model of this paper for a Seasonal Reg-ARIMA model and NNETAR model that can consider the day of the week, and temperature showed better forecasting performance than a model that cannot consider these factors. The forecasting performance of the NNETAR model that utilized the artificial neural network was most outstanding.

Development of Long-Term Electricity Demand Forecasting Model using Sliding Period Learning and Characteristics of Major Districts (주요 지역별 특성과 이동 기간 학습 기법을 활용한 장기 전력수요 예측 모형 개발)

  • Gong, InTaek;Jeong, Dabeen;Bak, Sang-A;Song, Sanghwa;Shin, KwangSup
    • The Journal of Bigdata
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    • v.4 no.1
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    • pp.63-72
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    • 2019
  • For power energy, optimal generation and distribution plans based on accurate demand forecasts are necessary because it is not recoverable after they have been delivered to users through power generation and transmission processes. Failure to predict power demand can cause various social and economic problems, such as a massive power outage in September 2011. In previous studies on forecasting power demand, ARIMA, neural network models, and other methods were developed. However, limitations such as the use of the national average ambient air temperature and the application of uniform criteria to distinguish seasonality are causing distortion of data or performance degradation of the predictive model. In order to improve the performance of the power demand prediction model, we divided Korea into five major regions, and the power demand prediction model of the linear regression model and the neural network model were developed, reflecting seasonal characteristics through regional characteristics and migration period learning techniques. With the proposed approach, it seems possible to forecast the future demand in short term as well as in long term. Also, it is possible to consider various events and exceptional cases during a certain period.

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Development of Outbound Tourism Forecasting Models in Korea

  • Yoon, Ji-Hwan;Lee, Jung Seung;Yoon, Kyung Seon
    • Journal of Information Technology Applications and Management
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    • v.21 no.1
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    • pp.177-184
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    • 2014
  • This research analyzes the effects of factors on the demands for outbound to the countries such as Japan, China, the United States of America, Thailand, Philippines, Hong Kong, Singapore and Australia, the countries preferred by many Koreans. The factors for this research are (1) economic variables such as Korea Composite Stock Price Index (KOSPI), which could have influences on outbound tourism and exchange rate and (2) unpredictable events such as diseases, financial crisis and terrors. Regression analysis was used to identify relationship based on the monthly data from January 2001 to December 2010. The results of the analysis show that both exchange rate and KOSPI have impacts on the demands for outbound travel. In the case of travels to the United States of America and Philippines, Korean tourists usually have particular purposes such as studying, visiting relatives, playing golf or honeymoon, thus they are less influenced by the exchange rate. Moreover, Korean tourists tend not to visit particular locations for some time when shock reaction happens. As the demands for outbound travels are different from country to country accompanied by economic variables and shock variables, differentiated measure to should be considered to come close to the target numbers of tourists by switching as well as creating the demands. For further study we plan to build outbound tourism forecasting models using Artificial Neural Networks.

Electricity Demand Forecasting for Daily Peak Load with Seasonality and Temperature Effects (계절성과 온도를 고려한 일별 최대 전력 수요 예측 연구)

  • Jung, Sang-Wook;Kim, Sahm
    • The Korean Journal of Applied Statistics
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    • v.27 no.5
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    • pp.843-853
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    • 2014
  • Accurate electricity demand forecasting for daily peak load is essential for management and planning at electrical facilities. In this paper, we rst, introduce the several time series models that forecast daily peak load and compare the forecasting performance of the models based on Mean Absolute Percentage Error(MAPE). The results show that the Reg-AR-GARCH model outperforms other competing models that consider Cooling Degree Day(CDD) and Heating Degree Day(HDD) as well as seasonal components.

Prediction of Product Life Cycle Using Data Mining Algorithms : A Case Study of Clothing Industry (데이터마이닝 알고리즘을 이용한 제품수명주기 예측 : 의류산업 적용사례)

  • Lee, Seulki;Kang, Ji Hoon;Lee, Hankyu;Joo, Tae Woo;Oh, Shawn;Park, Sungwook;Kim, Seoung Bum
    • Journal of Korean Institute of Industrial Engineers
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    • v.40 no.3
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    • pp.291-298
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    • 2014
  • Demand forecasting plays a key role in overall business activities such as production planning, distribution management, and inventory management. Especially, for a fast-changing environment of the clothing industry, logical forecasting techniques are required. In this study, we propose a procedure to predict product life cycle using data mining algorithms. The proposed procedure involves three steps : extracting key variables from profiles, clustering, and classification. The effectiveness and applicability of the proposed procedure were demonstrated through a real data from a leading clothing company in Korea.

A Study on the Verbal Image of Interior Decoration Trend from the Year 2000 (2000년 이후 인테리어 데코레이션 트랜드의 언어심상에 관한 연구)

  • Kim, Joo-Yun;Han, Hyo-Jung;Lee, Hye-Kyung
    • Korean Institute of Interior Design Journal
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    • v.15 no.6 s.59
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    • pp.238-246
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    • 2006
  • Recent trends of interior design have a focus on creation of more various meanings rather than past ideology which sought after the compatibility to the function of modem design. These trends requires integral understanding of social and cultural ideologies with a sens of values for a certain periods. In addition, they also require creativity which able to read, find and solve consumer's diverse demand and desire. Considering the effort of trend forecasting in Korea is still heavily rely on the foreign trend shows, it is natural to attempt to study the analytical forecasting methodology based upon more systematic principles which lead to more objective outcome, when the understanding, forcasting and analysis of interior decoration trend are required. In this thesis, the analysis and forecasting of interior decoration trend are studied by means of verbal image code process which involves the induction of design concept through data extraction, classification and analysis, in order to understanding and satisfying the diversified consumer's demand and trend. The coding process of verbal image is understanding as general concept. by extracting common elements from abstract and individual image, and/or specific concept. Therefore, it is proposed that the database building and data mining process of verbal Image, and subsequent development of programming skill can be applied as more efficient tool for various verbal image process.