• Title/Summary/Keyword: Demand forecasting

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Regional Long-term/Mid-term Load Forecasting using SARIMA in South Korea (계절 ARIMA 모형을 이용한 국내 지역별 전력사용량 중장기수요예측)

  • Ahn, Byung-Hoon;Choi, Hoe-Ryeon;Lee, Hong-Chul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.12
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    • pp.8576-8584
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    • 2015
  • Load forecasting is needed to make supply and demand plan for a stable supply of electricity. It is also necessary for optimal operational plan of the power system planning. In particular, in order to ensure stable power supply, long-term load forecasting is important. And regional load forecasting is important for tightening supply stability. Regional load forecasting is known to be an essential process for the optimal state composition and maintenance of the electric power system network including transmission lines and substations to meet the load required for the area. Therefore, in this paper we propose a forecasting method using SARIMA during the 12 months (long-term/mid-term) load forecasting by 16 regions of the South Korea.

Bidding Strategics in Competitive Electricity Market (경쟁시장에서 입찰전략 수립에 관한 연구)

  • Ko, Young-Jun;Lee, Hyo-Sang;Shin, Dong-Jun;Kim, Jin-O
    • Proceedings of the KIEE Conference
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    • 2001.07a
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    • pp.550-552
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    • 2001
  • The vertically integrated power industry was divided into six generation companies and one market operator, where electricity trading was launched at power exchange. In this environment, the profits of each generation companies are guaranteed according to utilization of their own generation equipments. Especially, the electricity demand shows seasonal and weekly regular pattern, which the some capacity should be provided into ancillary service based on the past demand forecasting error and operating results of electricity market. Namely, if generation cost function is applied to SMP and BLMP as announced the previous day, the available generation capacity of the following day could be optimally distributed, and therefore contract capacity of ancillary service applied to CBP(Cost Based Pool) and TWBP(Two-Way Bidding Pool) is determined. Consequently, it is Possible to use the retained equipments optimally. This paper represents on efficient bidding strategies for generation equipments through the calculation of the contract and the application of each generator cost function based on the past demand forecasting error and market operating data.

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Forecasting Potential Development of Agriculture Experience Theme Park - Focused on the Anseong Meadow Site Development - (체험형 농업테마파크 개발 잠재력 검토 - 농협 안성목장 개발을 중심으로 -)

  • Lee, Joo-Yeop;Kim, Yong-Geun
    • Journal of Korean Society of Rural Planning
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    • v.14 no.3
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    • pp.1-9
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    • 2008
  • In this study, by reflecting flow of age, possibility of new theme park development as private investments business based on source that is farming village that is not tried to before is verified and by analyzing potential of the site, effectiveness of new theme park development is examined. "Nonghyup Anseong Meadow Anseong-si Gyeonggi-do" is selected as researched site where accessibility is good as there is near to National Capital region and nature condition is also good. Demands are forecasted using visiting intention and realizing index through analogical method and by analyzing existing data related with increase of tourism business that people can experience English village and increasing demand of experiencing farming region tourism demands are forecasted. The results are at below. First, As average expenditure per one person is 52,209 won that is shown in result of survey, if multiplying increasing rate of price and the number of visiting people that is optimistic forecasting figure, the whole expenditure of visitors per one year is from 10.54 billions to 13.85 billions won. Second is potential power of demand aspects. Potential power of that theme park was re-examined through demands forecasting analysis through survey. Experiencing farming regions theme park business that is informed through analysis of potential power of development and demand aspects has value to invest as new business based on farming regions sources, as a result of searching through diverse aspects such as tourism, economy, public interest and cultural aspect and so on.

Short-term Railway Passenger Demand Forecasting by SARIMA Model (SARIMA모형을 이용한 철도여객 단기수송수요 예측)

  • Noh, Yunseung;Do, Myungsik
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.14 no.4
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    • pp.18-26
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    • 2015
  • This study is a fundamental research to suggest a forecasting model for short-term railway passenger demand focusing on major lines (Gyeungbu, Honam, Jeonla, Janghang, Jungang) of Saemaeul rail and Mugunghwa rail. Also the author tried to verify the potential application of the proposed models. For this study, SARIMA model considering characteristics of seasonal trip is basically used, and daily mean forecasting models are independently constructed depending on weekday/weekend in order to consider characteristics of weekday/weekend trip and a legal holiday trip. Furthermore, intervention events having an impact on using the train such as introduction of new lines or EXPO are reflected in the model to increase reliability of the model. Finally, proposed models are confirmed to have high accuracy and reliability by verifying predictability of models. The proposed models of this research will be expected to utilize for establishing a plan for short-term operation of lines.

A Development of Trend Analysis Models and a Process Integrating with GIS for Industrial Water Consumption Using Realtime Sensing Data (실시간 공업용수 추세패턴 모형개발 및 GIS 연계방안)

  • Kim, Seong-Hoon
    • Journal of Korean Society for Geospatial Information Science
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    • v.19 no.3
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    • pp.83-90
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    • 2011
  • The purpose of this study is to develop a series of trend analysis models for industrial water consumption and to propose a blueprint for the integration of the developed models with GIS. For the consumption data acquisition, a real-time sensing technique was adopted. Data were transformed from the field equipments to the management server in every 5 minutes. The data acquired were substituted to a polynomial formula selected. As a result, a series of models were developed for the consumption of each day. A series of validation processes were applied to the developed models and the models were finalized. Then the finalized models were transformed to the average models representing a day's average consumption or an average daily consumption of each month. Demand pattern analyses were fulfilled through the visualization of the finally derived models. It has founded out that the demand patterns show great consistency and, therefore, it is concluded that high probability of demand forecasting for a day or for a season is available. Also proposed is the integration with GIS as an IT tool by which the developed forecasting models are utilized.

Comparison of Power Consumption Prediction Scheme Based on Artificial Intelligence (인공지능 기반 전력량예측 기법의 비교)

  • Lee, Dong-Gu;Sun, Young-Ghyu;Kim, Soo-Hyun;Sim, Issac;Hwang, Yu-Min;Kim, Jin-Young
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.19 no.4
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    • pp.161-167
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    • 2019
  • Recently, demand forecasting techniques have been actively studied due to interest in stable power supply with surging power demand, and increase in spread of smart meters that enable real-time power measurement. In this study, we proceeded the deep learning prediction model experiments which learns actual measured power usage data of home and outputs the forecasting result. And we proceeded pre-processing with moving average method. The predicted value made by the model is evaluated with the actual measured data. Through this forecasting, it is possible to lower the power supply reserve ratio and reduce the waste of the unused power. In this paper, we conducted experiments on three types of networks: Multi Layer Perceptron (MLP), Recurrent Neural Network (RNN), and Long Short Term Memory (LSTM) and we evaluate the results of each scheme. Evaluation is conducted with following method: MSE(Mean Squared Error) method and MAE(Mean Absolute Error).

Probabilistic Forecasting of Seasonal Inflow to Reservoir (계절별 저수지 유입량의 확률예측)

  • Kang, Jaewon
    • Journal of Environmental Science International
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    • v.22 no.8
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    • pp.965-977
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    • 2013
  • Reliable long-term streamflow forecasting is invaluable for water resource planning and management which allocates water supply according to the demand of water users. It is necessary to get probabilistic forecasts to establish risk-based reservoir operation policies. Probabilistic forecasts may be useful for the users who assess and manage risks according to decision-making responding forecasting results. Probabilistic forecasting of seasonal inflow to Andong dam is performed and assessed using selected predictors from sea surface temperature and 500 hPa geopotential height data. Categorical probability forecast by Piechota's method and logistic regression analysis, and probability forecast by conditional probability density function are used to forecast seasonal inflow. Kernel density function is used in categorical probability forecast by Piechota's method and probability forecast by conditional probability density function. The results of categorical probability forecasts are assessed by Brier skill score. The assessment reveals that the categorical probability forecasts are better than the reference forecasts. The results of forecasts using conditional probability density function are assessed by qualitative approach and transformed categorical probability forecasts. The assessment of the forecasts which are transformed to categorical probability forecasts shows that the results of the forecasts by conditional probability density function are much better than those of the forecasts by Piechota's method and logistic regression analysis except for winter season data.

Forecasting of Seasonal Inflow to Reservoir Using Multiple Linear Regression (다중선형회귀분석에 의한 계절별 저수지 유입량 예측)

  • Kang, Jaewon
    • Journal of Environmental Science International
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    • v.22 no.8
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    • pp.953-963
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    • 2013
  • Reliable long-term streamflow forecasting is invaluable for water resource planning and management which allocates water supply according to the demand of water users. Forecasting of seasonal inflow to Andong dam is performed and assessed using statistical methods based on hydrometeorological data. Predictors which is used to forecast seasonal inflow to Andong dam are selected from southern oscillation index, sea surface temperature, and 500 hPa geopotential height data in northern hemisphere. Predictors are selected by the following procedure. Primary predictors sets are obtained, and then final predictors are determined from the sets. The primary predictor sets for each season are identified using cross correlation and mutual information. The final predictors are identified using partial cross correlation and partial mutual information. In each season, there are three selected predictors. The values are determined using bootstrapping technique considering a specific significance level for predictor selection. Seasonal inflow forecasting is performed by multiple linear regression analysis using the selected predictors for each season, and the results of forecast using cross validation are assessed. Multiple linear regression analysis is performed using SAS. The results of multiple linear regression analysis are assessed by mean squared error and mean absolute error. And contingency table is established and assessed by Heidke skill score. The assessment reveals that the forecasts by multiple linear regression analysis are better than the reference forecasts.

Development of Daily Peak Power Demand Forecasting Algorithm with Hybrid Type composed of AR and Neuro-Fuzzy Model (자기회귀모델과 뉴로-퍼지모델로 구성된 하이브리드형태의 일별 최대 전력 수요예측 알고리즘 개발)

  • Park, Yong-San;Ji, Pyeong-Shik
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.63 no.3
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    • pp.189-194
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    • 2014
  • Due to the increasing of power consumption, it is difficult to construct accurate prediction model for daily peak power demand. It is very important work to know power demand in next day for manager and control power system. In this research, we develop a daily peak power demand prediction method based on hybrid type composed of AR and Neuro-Fuzzy model. Using data sets between 2006 and 2010 in Korea, the proposed method has been intensively tested. As the prediction results, we confirm that the proposed method makes it possible to effective estimate daily peak power demand than conventional methods.

Effective Demand Selection Scheme for Satisfying Target Service Level in a Supply Chain (공급망의 목표 서비스 수준 만족을 위한 효과적인 수요선택 방안)

  • Park, Gi-Tae;Kwon, Ick-Hyun
    • Journal of the Korea Safety Management & Science
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    • v.11 no.1
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    • pp.205-211
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    • 2009
  • In reality, distribution planning for a supply chain is established using a certain probabilistic distribution estimated by forecasting. However, in general, the demands used for an actual distribution planning are of deterministic value, a single value for each of periods. Because of this reason the final result of a planning has to be a single value for each period. Unfortunately, it is very difficult to estimate a single value due to the inherent uncertainty in the probabilistic distribution of customer demand. The issue addressed in this paper is the selection of single demand value among of the distributed demand estimations for a period to be used in the distribution planning. This paper proposes an efficient demand selection scheme for minimizing total inventory costs while satisfying target service level under the various experimental conditions.