• Title/Summary/Keyword: Demand forecasting

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A Study on Development Strategies of the Korean Fisheries Outlook Project based on AHP (AHP 기법을 이용한 우리나라 수산업관측사업의 추진방향에 관한 연구)

  • Nam, Jong-Oh;Nho, Seung-Guk
    • The Journal of Fisheries Business Administration
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    • v.41 no.1
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    • pp.25-52
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    • 2010
  • The purpose of this paper is to suggest major strategies and necessary new projects for the medium- and long-term development of the Korean Fisheries Outlook Project. To suggest the Korean Fisheries Outlook Center with the above purpose, this paper employs Analytic Hierarchy Process analysis based on surveys obtained by special groups related with the KFOP. The survey is broadly composed of two goals; the medium- and long-term development directions and setting up of new furtherance projects. Each goal has upper and lower strategies respectively. The first goal, the medium- and long-term development directions, has four factors as upper strategies. The upper strategies are composed of accuracy, efficiency, timeliness, and political effectiveness of the fisheries outlook information. In addition, each upper strategy has three lower strategies respectively. For example, accuracy of the fisheries outlook information includes strength of data collection function, strength of satellite photography function, and strength of data analysis function. The second goal, setting up of new furtherance projects, has three factors as upper strategies. The upper strategies consist of accuracy promotion of outlook information using high-technique, field expansion of outlook species, and strength of analyzing function on oversea fisheries information. Each upper strategy has three lower strategies respectively. For instant, accuracy promotion of outlook information using high-technique has strength of information analysis function covered from production to consumption, strength of satellite information function, and structure of forecasting model on demand and supply by outlook species. The above upper and lower strategies were analytically drawn out through insightful interviews with special groups such as officials of the government, presidents of the producer and distributor groups, and researchers of the Korea Maritime Institute and other research institutes. As a result of AHP analysis, first, priorities of upper strategies with the medium- and long-term development directions are analyzed as accuracy, timeliness, political effectiveness, and efficiency in order. Also, priorities of all lower strategies reflecting priorities of upper strategies are examined as includes strength of data collection function on the fisheries outlook information, delivery of rapid information on outlook products for all people interested, strength of data analysis function on fisheries outlook information, strength of consumption outlook function on fish products, and strength of early warning system for domestic fish products in order. Second, priorities of upper strategies with the setting up of new furtherance projects are analyzed as accuracy promotion of outlook information using high-technique, field expansion of outlook species, and strength of analysis function on oversea fisheries information in order. In addition, priorities of all lower strategies reflecting priorities of upper strategies are examined as building up of forecasting model on demand and supply by outlook species, strength of information analysis function covering all steps from production to consumption, expansion of consumption outlook for consumers, strength of movement analysis function of oversea farming industry, and outlook expansion of farming species.

Efficiency Evaluation of Mobile Emission Reduction Countermeasures Using Data Envelopment Analysis Approach (자료포락분석(DEA) 기법을 활용한 도로이동오염원 저감대책의 효율성 분석)

  • Park, Kwan Hwee;Lee, Kyu Jin;Choi, Keechoo
    • Journal of Korean Society of Transportation
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    • v.32 no.2
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    • pp.93-105
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    • 2014
  • This study evaluated the relative efficiency of mobile emission reduction countermeasures through a Data Envelopment Analysis (DEA) approach and determined the priority of countermeasures based on the efficiency. Ten countermeasures currently applied for reducing greenhouse gases and air pollution materials were selected to make a scenario for evaluation. The reduction volumes of four air pollution materials(CO, HC, NOX, PM) and three greenhouse gases($CO_2$, $CH_4$, $N_2O$) for the year 2027, which is the last target year, were calculated by utilizing both a travel demand forecasting model and variable composite emission factors with respect to future travel patterns. To estimate the relative effectiveness of reduction countermeasures, this study performed a super-efficiency analysis among the Data Envelopment Analysis models. It was found that expanding the participation in self car-free day program was the most superior reduction measurement with 1.879 efficiency points, followed by expansion of exclusive bus lanes and promotion of CNG hybrid bus diffusion. The results of this study do not represent the absolute data for prioritizing reduction countermeasures for mobile greenhouse gases and air pollution materials. However, in terms of presenting the direction for establishing reduction countermeasures, this study may contribute to policy selection for mobile emission reduction measures and the establishment of systematic mid- and long-term reduction measures.

A Study on the Key Factors Affecting Travel Time Budget for Elderly Pedestrians (고령자 통행시간예산의 영향요인 규명에 관한 연구)

  • Choi, Sung-taek;Kim, Su-jae;Jang, Jin-young;Lee, Hyang-sook;Choo, Sang-ho
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.14 no.4
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    • pp.62-72
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    • 2015
  • Nowadays the issue of aging society has received considerable critical attention, especially in transportation planning and demand forecasting. This study identified the factors related to travel time budget for elderly by purpose using seemingly unrelated regression model (SUR model). The SUR model is suitable when error terms of each equation are assumed to be correlated across the equations in terms of travel time budget which is constant in 2 hours per day commonly. The results showed that elderly's travel time budget was affected by individual, household, urban facility and transportation service. The leisure travel comprised a large proportion of total travel time and had a positive relationship with elderly, sports, religious facilities. Moreover, the elderly who had low income or unemployed person had low frequency of social activity such as leisure, shopping and business. This study can provide a comprehensive implications of forecasting the future travel demand and analyzing the travel behavior.

Development of Mode Choice Model for the Implementation of Next-generation High Speed Train(HEMU-430X) (차세대 고속열차 도입에 따른 수단분담모형 개발 및 적용방안)

  • LEE, Kwang Sub;CHUNG, Sung Bong;EOM, Jin Ki;NAMKUNG, Baek Kyu;KIM, Seok Won
    • Journal of Korean Society of Transportation
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    • v.33 no.5
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    • pp.461-469
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    • 2015
  • The next generation high-speed train, HEMU-430X, was developed and is now being tested. However, the existing mode choice models based on the guidelines for feasibility studies do not consider a high-speed train with a higher speed than KTX. This limitation might result in inaccurate demand forecasting. In this research, a stated preference survey was conducted in order to supplement the problem by considering the characteristics of HEMU-430X. Based on the survey results, this research developed two mode choice models, including a multinomial logit model and a nested logit model. For this purpose, the utility functions of travel time and travel costs were estimated using a Limdep 8.0 NLOGIT 3.0 package. After comparing the two models, it was concluded that the nested logit model is appropriate. The paper suggested a plan to implement the nested logit model and presented a policy implication.

The Development of Dynamic Forecasting Model for Short Term Power Demand using Radial Basis Function Network (Radial Basis 함수를 이용한 동적 - 단기 전력수요예측 모형의 개발)

  • Min, Joon-Young;Cho, Hyung-Ki
    • The Transactions of the Korea Information Processing Society
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    • v.4 no.7
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    • pp.1749-1758
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    • 1997
  • This paper suggests the development of dynamic forecasting model for short-term power demand based on Radial Basis Function Network and Pal's GLVQ algorithm. Radial Basis Function methods are often compared with the backpropagation training, feed-forward network, which is the most widely used neural network paradigm. The Radial Basis Function Network is a single hidden layer feed-forward neural network. Each node of the hidden layer has a parameter vector called center. This center is determined by clustering algorithm. Theatments of classical approached to clustering methods include theories by Hartigan(K-means algorithm), Kohonen(Self Organized Feature Maps %3A SOFM and Learning Vector Quantization %3A LVQ model), Carpenter and Grossberg(ART-2 model). In this model, the first approach organizes the load pattern into two clusters by Pal's GLVQ clustering algorithm. The reason of using GLVQ algorithm in this model is that GLVQ algorithm can classify the patterns better than other algorithms. And the second approach forecasts hourly load patterns by radial basis function network which has been constructed two hidden nodes. These nodes are determined from the cluster centers of the GLVQ in first step. This model was applied to forecast the hourly loads on Mar. $4^{th},\;Jun.\;4^{th},\;Jul.\;4^{th},\;Sep.\;4^{th},\;Nov.\;4^{th},$ 1995, after having trained the data for the days from Mar. $1^{th}\;to\;3^{th},\;from\;Jun.\;1^{th}\;to\;3^{th},\;from\;Jul.\;1^{th}\;to\;3^{th},\;from\;Sep.\;1^{th}\;to\;3^{th},\;and\;from\;Nov.\;1^{th}\;to\;3^{th},$ 1995, respectively. In the experiments, the average absolute errors of one-hour ahead forecasts on utility actual data are shown to be 1.3795%.

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An Analysis on the Effect of Policy Using Macro-economic Forecasting Model of Jeju (제주지역 거시경제 전망모형을 이용한 정책효과 분석)

  • Ko, Bong-Hyun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.5
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    • pp.458-465
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    • 2020
  • The purpose of this study is to analyze the effect of policy in Jeju, using a macro-economic forecasting model of Jeju. First, the model's reality explanatory power improved by updating its statistics to 2017 and expanding new policy variables and modules. Also, the industrial structure of the model was further subdivided and extended to be considered simultaneously in the demand side of Keynesian theory. Second, it was determined that the predictive power for the model of this study was better than that of the existing model. However, with some endogenous variables, it was possible to identify implications that should be developed and considered when the model is improved with additional data in the future. Third, when the second airport construction was considered, it was observed that its effect was an increase of 1.25 times for GRDP, 1.2 times for employment, 1.48 times for private consumption, and 2.06 times for investment. Also, the economic growth rate was estimated to be 1.6% point higher than when the second airport was not constructed. Finally, the results of this study are expected to be used for policy decision making of the Jeju Government.

Model Specification and Estimation Method for Traveler's Mode Choice Behavior in Pusan Metropolitan Area (부산광역권 교통수단선택모형의 정립과 모수추정에 관한 연구)

  • Kim, Ik-Ki;Kim, Kang-Soo;Kim, Hyoung-Chul
    • Journal of Korean Society of Transportation
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    • v.23 no.3 s.81
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    • pp.7-19
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    • 2005
  • Mode choice Analysis is essential analysis stage in transportation demand forecasting process. Therefore, methods for calibration and forecasting of mode choice model in aspect of practical view need to be discussed in depth. Since 1980s, choice models, especially Logit model, are spread widely and rapidly over academic area, research institutes and consulting firms in Korea like other developed countries in the world. However, the process of calibration and parameter estimation for practical application was not clearly explained in previous papers and reports. This study tried to explain clearly the calibration process of mode choice step by step and suggested a forecasting mode choice model that can be applicable in real policy analysis by using household survey data of Pusan metropolitan are. The study also suggested a way of estimating attributes which was not observed during the household survey commonly such as travel time and cost of unchosen alternative modes. The study summarized the statistical results of model specification for four different Logit models as a process to upgrade model capability of explanation for real traveler's choice behaviors. By using the analysis results, it also calculated the value of travel time and compared them with the values of other previous studies to test reliability of the estimated model.

Energy Scenarios and the Politics of Expertise in Korea (한국의 에너지 시나리오와 전문성의 정치)

  • Han, Jae-Kak;Lee, Young Hee
    • Journal of Science and Technology Studies
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    • v.12 no.1
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    • pp.107-144
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    • 2012
  • Recently concerns on the energy future are rising in Korea after nuclear disaster of Fukushima in Japan last year. However, even after Fukushima disaster Korean government keeps on insisting nuclear oriented energy policy. Contrary to it, some of civil society's organizations(CSOs) including environment groups and progressive political parties are making strong voices for phase-out nuclear. As a way of phase-out nuclear activity researcher groups based on CSOs have presented several alternative energy scenarios against the official government scenario so that contest between the two senarios seems not to be avoided. This article aims to analyse the politics of expertise around energy scenarios in Korea by highlighting differences between two scenarios of government and CSOs in terms of epistemological and methodological base, value orientation, institutional foundation, and the socio-political contexts of scenarios. Our research shows that government's energy scenario is based on scientific-positivist epistemology, firm belief in value neutrality and forecasting method, and is built by neo-classical economists at government-sponsored research institutes in accordance with the 'Business As Usual' approach. In contrast, alternative scenarios of CSOs can be said to be based on epistemological constructivism, value oriented attitudes and backcasting method, and be built by collaboration of researchers and activists with different academic and social backgrounds after Fukushima nuclear disaster.

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An Analysis on Determinants of the Capesize Freight Rate and Forecasting Models (케이프선 시장 운임의 결정요인 및 운임예측 모형 분석)

  • Lim, Sang-Seop;Yun, Hee-Sung
    • Journal of Navigation and Port Research
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    • v.42 no.6
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    • pp.539-545
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    • 2018
  • In recent years, research on shipping market forecasting with the employment of non-linear AI models has attracted significant interest. In previous studies, input variables were selected with reference to past papers or by relying on the intuitions of the researchers. This paper attempts to address this issue by applying the stepwise regression model and the random forest model to the Cape-size bulk carrier market. The Cape market was selected due to the simplicity of its supply and demand structure. The preliminary selection of the determinants resulted in 16 variables. In the next stage, 8 features from the stepwise regression model and 10 features from the random forest model were screened as important determinants. The chosen variables were used to test both models. Based on the analysis of the models, it was observed that the random forest model outperforms the stepwise regression model. This research is significant because it provides a scientific basis which can be used to find the determinants in shipping market forecasting, and utilize a machine-learning model in the process. The results of this research can be used to enhance the decisions of chartering desks by offering a guideline for market analysis.

Wind power forecasting based on time series and machine learning models (시계열 모형과 기계학습 모형을 이용한 풍력 발전량 예측 연구)

  • Park, Sujin;Lee, Jin-Young;Kim, Sahm
    • The Korean Journal of Applied Statistics
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    • v.34 no.5
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    • pp.723-734
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    • 2021
  • Wind energy is one of the rapidly developing renewable energies which is being developed and invested in response to climate change. As renewable energy policies and power plant installations are promoted, the supply of wind power in Korea is gradually expanding and attempts to accurately predict demand are expanding. In this paper, the ARIMA and ARIMAX models which are Time series techniques and the SVR, Random Forest and XGBoost models which are machine learning models were compared and analyzed to predict wind power generation in the Jeonnam and Gyeongbuk regions. Mean absolute error (MAE) and mean absolute percentage error (MAPE) were used as indicators to compare the predicted results of the model. After subtracting the hourly raw data from January 1, 2018 to October 24, 2020, the model was trained to predict wind power generation for 168 hours from October 25, 2020 to October 31, 2020. As a result of comparing the predictive power of the models, the Random Forest and XGBoost models showed the best performance in the order of Jeonnam and Gyeongbuk. In future research, we will try not only machine learning models but also forecasting wind power generation based on data mining techniques that have been actively researched recently.