• International Journal of Highway Engineering
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• v.9 no.1 s.31
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• pp.17-27
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• 2007

Since early 1990s, several developed countries have applied the Electronic Toll Collection System (ETCS) to toll roads in order to solve traffic congestion and delay problems at toll plazas. For the successful operation of the ETCS, it is important to correctly forecast the ETCS using rate. In this study, it was conceived to develop a sophisticated demand forecasting model of the ETCS for toll roads in Changwon City The Binary Logit and neural network models were tested for the model considering 11 explaining variables. The best results in prediction accuracy and goodness-of-fit were obtained on the neural network model. However, because of the difficulty in predicting the 11 variables and its fitness in wide range, the Binary Logit model which considers three policy variables only is recommended as the model to forecast the ETCS using rate.

• Journal of Intelligence and Information Systems
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• v.7 no.1
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• pp.97-121
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• 2001

Until now, we have believed that one of advantages of cyber market is that it can virtually display and sell goods because it does not necessary maintain expensive physical shops and inventories. But, in a highly competitive environment, business model that does away with goods in stock must be modified. As we know in the case of AMAZON, leading companies already consider merchandise management as a critical success factor in their business model. That is, a solution to compete against one's competitors in a highly competitive environment is merchandise management as in the traditional retail market. Cyber market has not only past sales data but also web log data before sales data that contains information of path that customer search and purchase on cyber market as compared with traditional retail market. So if we can correctly analyze the characteristics of before sales patterns using web log data, we can better prepare for the potential customers and effectively manage inventories and merchandises. We introduce a systematic analysis method to extract useful data for merchandise management - demand forecasting, evaluating & selecting - using web mining that is the application of data mining techniques to the World Wide Web. We use various techniques of web mining such as clustering, mining association rules, mining sequential patterns.

• Journal of Agricultural Extension & Community Development
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• v.20 no.2
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• pp.511-533
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• 2013

The study used a seasonal ARIMA model to forecast the number of tourists to Kyeongju foreign in a uni-variable time series. Time series monthly data for the investigation were collected ranging from 1995 to 2010. A total of 192 observations were used for data analysis. The date showed that a big difference existed between on-season and off-season of the number of foreign tourists in Kyeongju. In the forecast multiplicative seasonal ARIMA(1,1,0) $(4,0,0)_{12}$ model was found the most appropriate model. Results show that the number of tourists was 694 thousands in 2011, 715 thousands in 2012, 725 thousands in 2013, 738 thousands in 2014, and 884 thousands in 2015. It was suggested that the grasping of the Kyeongju forecast model was very important in respect of how experts in tourism development, policy makers or planners would establish marketing strategies to allocate services in Kyeongju as a tourist destination and provide tourism facilities efficiently.

• Journal of the Korean Data and Information Science Society
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• v.27 no.3
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• pp.725-732
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• 2016

This study analyzes the number of Jeju-bound tourists according to travellers' purposes. We classify the travellers' purposes into three categories: "Rest and Sightseeing", "Leisure and Sport", and "Conference and Business". To see an impact of MERS outbreak occurred in May 2015 on the number of tourists, we fit seasonal ARIMA-Intervention model to the monthly arrivals data from January 2005 to March 2016. The estimation results show that the number of tourists for "Leisure and Sport" and "Conference and Business" were significantly affected by MERS outbreak whereas arrivals for "Rest and Sightseeing" were little influenced. Using the fitted models, we predict the number of Jeju-bound tourists.

• Journal of Internet Computing and Services
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• v.21 no.5
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• pp.119-127
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• 2020

As the electric vehicle (EV) market in South Korea grows, it is required to expand charging facilities to respond to rapidly increasing EV charging demand. In order to conduct a comprehensive facility planning, it is necessary to forecast future demand for electricity and systematically analyze the impact on the load capacity of facilities based on this. In this paper, we design and develop a Long Short-Term Memory (LSTM) neural network model that predicts the daily peak electric load at each charging station using the EV charging data of KEPCO. First, we obtain refined data through data preprocessing and outlier removal. Next, our model is trained by extracting daily features per charging station and constructing a training set. Finally, our model is verified through performance analysis using a test set for each charging station type, and the limitations of our model are discussed.

• Korean Chemical Engineering Research
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• v.50 no.3
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• pp.479-491
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• 2012

In this paper we performed evaluation of the economics of a district heating system (DHS) consisting of energy suppliers and consumers, heat generation and storage facilities and power transmission lines in the capital region, as well as identification of optimal operating conditions. The optimization problem is formulated as a mixed integer linear programming (MILP) problem where the objective is to minimize the overall operating cost of DHS while satisfying heat demand during 1 week and operating limits on DHS facilities. This paper also propose a new forecasting model of the system marginal price (SMP) using past data on power supply and demand as well as past cost data. In the optimization, both the forecasted SMP and actual SMP are used and the results are analyzed. The salient feature of the proposed approach is that it exhibits excellent predicting performance to give improved energy efficiency in the integrated DHS.

• International Commerce and Information Review
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• v.18 no.1
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• pp.81-105
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• 2016

Recently, master plan on the Far East three provinces in China as well as the Russian Far East coupling with 'Eurasia Initiatives' of our government is doubling its importance. It should take advantage of Zarubino port for the hub of Eurasia Logistics Network. This study forecasts the volume demand and whether the expected items of cargo traffic of Zarubino port with O/Ds for the region including the Far East three provinces in China. Input data and the existing basic unit of Korea were utilized in order to overcome the absence of the relevant information to the region. It was derived by them confined to the industrial complex facility in Jilin Sheng on behalf of the Far East three provinces in China as a pilot study. Suitable for the transport sector as a basis for traditional traffic demand, four-step method for estimating the proposed modifications, complementing methodologies. This study is determined that the contribution to the implications on the region's logistics policies of our government has a commitment with raising awareness of the region's Logistics system.

• Journal of Energy Engineering
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• v.28 no.4
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• pp.82-93
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• 2019

In this study, a new model is proposed to improve the problem of the decline of predict rate of heat demand on a particular date, such as a public holiday for the conventional heat demand forecasting system. The proposed model was the Four Season Mixed Heat Demand Prediction Neural Network Model, which showed an increase in the forecast rate of heat demand, especially for each type of forecast date (weekday/weekend/holiday). The proposed model was selected through the following process. A model with an even error for each type of forecast date in a particular season is selected to form the entire forecast model. To avoid shortening learning time and excessive learning, after each of the four different models that were structurally simplified were learning and a model that showed optimal prediction error was selected through various combinations. The output of the model is the hourly 24-hour heat demand at the forecast date and the total is the daily total heat demand. These forecasts enable efficient heat supply planning and allow the selection and utilization of output values according to their purpose. For daily heat demand forecasts for the proposed model, the overall MAPE improved from 5.3~6.1% for individual models to 5.2% and the forecast for holiday heat demand greatly improved from 4.9~7.9% to 2.9%. The data in this study utilized 34 months of heat demand data from a specific apartment complex provided by the Korea District Heating Corp. (January 2015 to October 2017).

• Environmental and Resource Economics Review
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• v.26 no.4
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• pp.519-547
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• 2017

This paper explores whether it is better to forecast city gas demand in Korea using national level data directly or, alternatively, construct forecasts from regional demand models and then aggregate these regional forecasts. In the regional model, we consider gas demand for Seoul metropolitan and the other local areas. Our forecast evaluation exercise for 2013-2016 shows the regional forecast model generally outperforms the national forecasting model. This result comes from the fact that the dynamic properties of each region's gas demands can be better taken into account in the regional demand model. More specifically, the share of residential gas demand in the Seoul metropolitan area is above 50%, and subsequently this demand is heavily influenced by temperature fluctuations. Conversely, the dominant portion of regional gas demand is due to industrial gas consumption. Moreover, electricity is regarded as a substitute for city gas in the residential sector, and industrial gas competes with certain oil products. Our empirical results show that a regional demand forecast model can be an effective alternative to the demand model based on nation-wide gas consumption and that regional information about gas demand is also useful for analyzing sectoral gas consumption.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.11
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• pp.1495-1504
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• 2013

Renewable energy integration and increased system complexities make system operator maintain supply and demand balance harder than before. To keep the grid frequency in a stable range, an appropriate spinning reserve margin should be procured with consideration of ever-changing system situation, such as demand, wind power output and generator failure. This paper propose a novel concept of dynamic reserve, which arrange different spinning reserve margin depending on time. To investigate the effectiveness of the proposed dynamic reserve, we developed a new short-term reliability criterion that estimates the probability of a spinning reserve shortage events, thus indicating grid frequency stability. Uncertainties of demand forecast error, wind generation forecast error and generator failure have been modeled in probabilistic terms, and the proposed spinning reserve has been applied to generation scheduling. This approach has been tested on the modified IEEE 118-bus system with a wind farm. The results show that the required spinning reserve margin changes depending on the system situation of demand, wind generation and generator failure. Moreover the proposed approach could be utilized even in case of system configuration change, such as wind generation extension.