• Title/Summary/Keyword: Demand forecasting

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A Study on Forecasting Spare Parts Demand based on Data-Mining (데이터 마이닝 기반의 수리부속 수요예측 연구)

  • Kim, Jaedong;Lee, Hanjun
    • Journal of Internet Computing and Services
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    • v.18 no.1
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    • pp.121-129
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    • 2017
  • Demand forecasting is one of the most critical tasks in defense logistics, because the failure of the task can bring about a huge waste of budget. Up to date, ROK-MND(Republic of Korea - Ministry of National Defense) has analyzed past component consumption data with time-series techniques to predict each component's demand. However, the accuracy of the prediction still needs to be improved. In our study, we attempted to find consumption pattern using data mining techniques. We gathered an 18,476 component consumption data first, and then derived diverse features to utilize them in identification of demanding patterns in the consumption data. The results show that our approach improves demand forecasting with higher accuracy.

Cluster Analysis of Daily Electricity Demand with t-SNE

  • Min, Yunhong
    • Journal of the Korea Society of Computer and Information
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    • v.23 no.5
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    • pp.9-14
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    • 2018
  • For an efficient management of electricity market and power systems, accurate forecasts for electricity demand are essential. Since there are many factors, either known or unknown, determining the realized loads, it is difficult to forecast the demands with the past time series only. In this paper we perform a cluster analysis on electricity demand data collected from Jan. 2000 to Dec. 2017. Our purpose of clustering on electricity demand data is that each cluster is expected to consist of data whose latent variables are same or similar values. Then, if properly clustered, it is possible to develop an accurate forecasting model for each cluster separately. To validate the feasibility of this approach for building better forecasting models, we clustered data with t-SNE. To apply t-SNE to time series data effectively, we adopt the dynamic time warping as a similarity measure. From the result of experiments, we found that several clusters are well observed and each cluster can be interpreted as a mix of well-known factors such as trends, seasonality and holiday effects and other unknown factors. These findings can motivate the approaches which build forecasting models with respect to each cluster independently.

Traffic Demand Forecasting Method for LCCA of Pavement Section (도로포장의 생애주기비용 분석을 위한 장기 교통수요 추정)

  • Do, Myungsik;Kim, Yoonsik;Lee, Sang Hyuk;Han, Daeseok
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.5
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    • pp.2057-2067
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    • 2013
  • Traffic demand forecasting for pavement management in the present can be estimated using the past trends or subjective judgement of experts instead of objective methods. Also future road plans and local development plans of a target region, for example new road constructions and detour plans cannot be considered for the estimate of future traffic demands. This study, which is the fundamental research for developing objective and accurate decision-making support system of maintenance management for the national highway, proposed the methodology to predict future traffic demands according to 4-step traffic forecasting method using EMME in order to examine significance of future traffic demands affecting pavement deterioration trends and compare existing traffic demand forecasting methods. For the case study, this study conducted the comparison of traffic demand forecasting methods targeting Daejeon Regional Construction and Management Administration. Therefore, this study figured out that the differences of traffic demands and the level of agent costs as well as user costs between existing traffic demand forecasting methods and proposed traffic demand forecasting method with considering future road plans and local development plan.

Development of Short-Term Load Forecasting Algorithm Using Hourly Temperature (시간대별 기온을 이용한 전력수요예측 알고리즘 개발)

  • Song, Kyung-Bin
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.63 no.4
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    • pp.451-454
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    • 2014
  • Short-term load forecasting(STLF) for electric power demand is essential for stable power system operation and efficient power market operation. We improved STLF method by using hourly temperature as an input data. In order to using hourly temperature to STLF algorithm, we calculated temperature-electric power demand sensitivity through past actual data and combined this sensitivity to exponential smoothing method which is one of the STLF method. The proposed method is verified by case study for a week. The result of case study shows that the average percentage errors of the proposed load forecasting method are improved comparing with errors of the previous methods.

Short-term Water Demand Forecasting Algorithm Based on Kalman Filtering with Data Mining (데이터 마이닝과 칼만필터링에 기반한 단기 물 수요예측 알고리즘)

  • Choi, Gee-Seon;Shin, Gang-Wook;Lim, Sang-Heui;Chun, Myung-Geun
    • Journal of Institute of Control, Robotics and Systems
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    • v.15 no.10
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    • pp.1056-1061
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    • 2009
  • This paper proposes a short-term water demand forecasting algorithm based on kalman filtering with data mining for sustainable water supply and effective energy saving. The proposed algorithm utilizes a mining method of water supply data and a decision tree method with special days like Chuseok. And the parameters of MLAR (Multi Linear Auto Regression) model are estimated by Kalman filtering algorithm. Thus, we can achieve the practicality of the proposed forecasting algorithm through the good results applied to actual operation data.

Forecasting Demand for Food & Beverage by Using Univariate Time Series Models: - Whit a focus on hotel H in Seoul - (단변량 시계열모형을 이용한 식음료 수요예측에 관한 연구 - 서울소재 특1급 H호텔 사례를 중심으로 -)

  • 김석출;최수근
    • Culinary science and hospitality research
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    • v.5 no.1
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    • pp.89-101
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    • 1999
  • This study attempts to identify the most accurate quantitative forecasting technique for measuring the future level of demand for food & beverage in super deluxe hotel in Seoul, which will subsequently lead to determining the optimal level of purchasing food & beverage. This study, in detail, examines the food purchasing system of H hotel, reviews three rigorous univariate time series models and identify the most accurate forecasting technique. The monthly data ranging from January 1990 to December 1997 (96 observations) were used for the empirical analysis and the 1998 data were left for the comparison with the ex post forecast results. In order to measure the accuracy, MAPE, MAD and RMSE were used as criteria. In this study, Box-Jenkins model was turned out to be the most accurate technique for forecasting hotel food & beverage demand among selected models generating 3.8% forecast error in average.

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Students' Actual Use and Satisfaction of Meteorological Information and Demands on Health Forecasting at a University (일 대학 학생들의 기상정보 이용실태와 만족도 및 건강정보 요구도)

  • Oh, Jin-A;Park, Jong-Kil
    • The Journal of Korean Academic Society of Nursing Education
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    • v.15 no.2
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    • pp.251-259
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    • 2009
  • Purpose: Climate change affects human health and calls for a health forecasting service. The purpose of this study was to explore the students' actual use and their satisfaction with meteorological information and the demands on health forecasting at a university in South Kyungsang Province. Method: This study used a descriptive design through structured self-report questionnaires including frequency, contents, purpose, perception, satisfaction of meterological information and need and demand of health forecasting. Data were collected from June 1 to 5, 2009 and analyzed using the SPSS 17.0 program. Descriptive statistics, t-test, ANOVA, $\chi^2$ test and Person's correlation coefficient were used to analyze the data. Result: The majority of the students watched the daily weather information to decide about daily work, outdoor activity or habitually. The mean score of need for health forecasting was $3.44{\pm}.81$, and the demand for health forecasting was $2.93{\pm}1.05$. Significant differences were found in the need for health forecasting according to sex, major, and environmental disease. In addition, the higher the satisfaction of health forecasting, the higher the demand for it. Conclusion: I suggest improving the meteorological information system technically and developing a health forecasting service resulting in a healthier and more comfortable life.

Weekly maximum power demand forecasting using model in consideration of temperature estimation (기온예상치를 고려한 모델에 의한 주간최대전력수요예측)

  • 고희석;이충식;김종달;최종규
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.45 no.4
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    • pp.511-516
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    • 1996
  • In this paper, weekly maximum power demand forecasting method in consideration of temperature estimation using a time series model was presented. The method removing weekly, seasonal variations on the load and irregularities variation due to unknown factor was presented. The forecasting model that represent the relations between load and temperature which get a numeral expected temperature based on the past 30 years(1961~1990) temperature was constructed. Effect of holiday was removed by using a weekday change ratio, and irregularities variation was removed by using an autoregressive model. The results of load forecasting show the ability of the method in forecasting with good accuracy without suffering from the effect of seasons and holidays. Percentage error load forecasting of all seasons except summer was obtained below 2 percentage. (author). refs., figs., tabs.

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Forecasting Daily Demand of Domestic City Gas with Selective Sampling (선별적 샘플링을 이용한 국내 도시가스 일별 수요예측 절차 개발)

  • Lee, Geun-Cheol;Han, Jung-Hee
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.10
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    • pp.6860-6868
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    • 2015
  • In this study, we consider a problem of forecasting daily city gas demand of Korea. Forecasting daily gas demand is a daily routine for gas provider, and gas demand needs to be forecasted accurately in order to guarantee secure gas supply. In this study, we analyze the time series of city gas demand in several ways. Data analysis shows that primary factors affecting the city gas demand include the demand of previous day, temperature, day of week, and so on. Incorporating these factors, we developed a multiple linear regression model. Also, we devised a sampling procedure that selectively collects the past data considering the characteristics of the city gas demand. Test results on real data exhibit that the MAPE (Mean Absolute Percentage Error) obtained by the proposed method is about 2.22%, which amounts to 7% of the relative improvement ratio when compared with the existing method in the literature.

Deep Learning Based Short-Term Electric Load Forecasting Models using One-Hot Encoding (원-핫 인코딩을 이용한 딥러닝 단기 전력수요 예측모델)

  • Kim, Kwang Ho;Chang, Byunghoon;Choi, Hwang Kyu
    • Journal of IKEEE
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    • v.23 no.3
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    • pp.852-857
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    • 2019
  • In order to manage the demand resources of project participants and to provide appropriate strategies in the virtual power plant's power trading platform for consumers or operators who want to participate in the distributed resource collective trading market, it is very important to forecast the next day's demand of individual participants and the overall system's electricity demand. This paper developed a power demand forecasting model for the next day. For the model, we used LSTM algorithm of deep learning technique in consideration of time series characteristics of power demand forecasting data, and new scheme is applied by applying one-hot encoding method to input/output values such as power demand. In the performance evaluation for comparing the general DNN with our LSTM forecasting model, both model showed 4.50 and 1.89 of root mean square error, respectively, and our LSTM model showed high prediction accuracy.