• Title/Summary/Keyword: Demand forecasting

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SMP Forecasting Using Artificial Neural Networks (신경 회로망을 이용한 계통 한계비용 예측)

  • Lee, Jeong-Kyu;Kim, Min-Soo;Park, Jong-Bae;Shin, Joong-Rin
    • Proceedings of the KIEE Conference
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    • 2002.07a
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    • pp.389-391
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    • 2002
  • This paper presents the System Marginal Price(SMp) forecasting implementation using backpropagation Neural Networks in Competitive Electricity Market. SMP is very important term to seek the maximum profit to bidding participants. Demand and SMP that necessary data for training Neural Networks, supplied from Korea Power Exchange(KPX). Statistic analysis about predicted SMP presents a part of consideration in end of this paper.

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Comparative Analysis of Forecasted and Measured Traffic Demand for Gyung-bu High Speed Railway (경부고속철도 수송수요의 예측치와 실측치의 비교분석)

  • Oh In-Tack
    • Proceedings of the KSR Conference
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    • 2005.11a
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    • pp.889-896
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    • 2005
  • While a year and a half has been passed since the launch of KTX service, traffic volume of Gyung-bu High Speed Railway is still much lower than the forecasted value. This situation has been badly affecting not only Korail's financial status but also KRNA's general railway construction projects as general public responds negatively to such projects as New Ho-nam Line Construction. This paper outlines traffic volume forecasting methodologies applied to construction of Gyung-bu High Speed Railway, identifies major causes of forecasting deviations. and finally extracts problems through comparison between the forecasted results and actual traffic volume.

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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%.

Development of Demand Forecasting Algorithm in Smart Factory using Hybrid-Time Series Models (Hybrid 시계열 모델을 활용한 스마트 공장 내 수요예측 알고리즘 개발)

  • Kim, Myungsoo;Jeong, Jongpil
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.19 no.5
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    • pp.187-194
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    • 2019
  • Traditional demand forecasting methods are difficult to meet the needs of companies due to rapid changes in the market and the diversification of individual consumer needs. In a diversified production environment, the right demand forecast is an important factor for smooth yield management. Many of the existing predictive models commonly used in industry today are limited in function by little. The proposed model is designed to overcome these limitations, taking into account the part where each model performs better individually. In this paper, variables are extracted through Gray Relational analysis suitable for dynamic process analysis, and statistically predicted data is generated that includes characteristics of historical demand data produced through ARIMA forecasts. In combination with the LSTM model, demand forecasts can then be calculated by reflecting the many factors that affect demand forecast through an architecture that is structured to avoid the long-term dependency problems that the neural network model has.

A Study on the Prediction of Power Demand for Electric Vehicles Using Exponential Smoothing Techniques (Exponential Smoothing기법을 이용한 전기자동차 전력 수요량 예측에 관한 연구)

  • Lee, Byung-Hyun;Jung, Se-Jin;Kim, Byung-Sik
    • Journal of Korean Society of Disaster and Security
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    • v.14 no.2
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    • pp.35-42
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    • 2021
  • In order to produce electric vehicle demand forecasting information, which is an important element of the plan to expand charging facilities for electric vehicles, a model for predicting electric vehicle demand was proposed using Exponential Smoothing. In order to establish input data for the model, the monthly power demand of cities and counties was applied as independent variables, monthly electric vehicle charging stations, monthly electric vehicle charging stations, and monthly electric vehicle registration data. To verify the accuracy of the electric vehicle power demand prediction model, we compare the results of the statistical methods Exponential Smoothing (ETS) and ARIMA models with error rates of 12% and 21%, confirming that the ETS presented in this paper is 9% more accurate as electric vehicle power demand prediction models. It is expected that it will be used in terms of operation and management from planning to install charging stations for electric vehicles using this model in the future.

Demand Forecast For Empty Containers Using MLP (MLP를 이용한 공컨테이너 수요예측)

  • DongYun Kim;SunHo Bang;Jiyoung Jang;KwangSup Shin
    • The Journal of Bigdata
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    • v.6 no.2
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    • pp.85-98
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    • 2021
  • The pandemic of COVID-19 further promoted the imbalance in the volume of imports and exports among countries using containers, which worsened the shortage of empty containers. Since it is important to secure as many empty containers as the appropriate demand for stable and efficient port operation, measures to predict demand for empty containers using various techniques have been studied so far. However, it was based on long-term forecasts on a monthly or annual basis rather than demand forecasts that could be used directly by ports and shipping companies. In this study, a daily and weekly prediction method using an actual artificial neural network is presented. In details, the demand forecasting model has been developed using multi-layer perceptron and multiple linear regression model. In order to overcome the limitation from the lack of data, it was manipulated considering the business process between the loaded container and empty container, which the fully-loaded container is converted to the empty container. From the result of numerical experiment, it has been developed the practically applicable forecasting model, even though it could not show the perfect accuracy.