• Title/Summary/Keyword: Demand forecasting

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Electricity forecasting model using specific time zone (특정 시간대 전력수요예측 시계열모형)

  • Shin, YiRe;Yoon, Sanghoo
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.2
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    • pp.275-284
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    • 2016
  • Accurate electricity demand forecasts is essential in reducing energy spend and preventing imbalance of the power supply. In forcasting electricity demand, we considered double seasonal Holt-Winters model and TBATS model with sliding window. We selected a specific time zone as the reference line of daily electric demand because it is least likely to be influenced by external factors. The forecasting performance have been evaluated in terms of RMSE and MAPE criteria. We used the observations ranging January 4, 2009 to December 31 for testing data. For validation data, the records has been used between January 1, 2012 and December 29, 2012.

Demand Forecasting by the Mobile RFID Service Model (모바일 RFID 서비스 모델에 따른 수요예측)

  • Park, Yong-Jae;Lim, Kwang-Sun
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2007.06a
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    • pp.495-498
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    • 2007
  • Recently, as REID Tag and Reader has been attached to, and wireless internet has been added to a mobile phone, the commercialization of Mobile RFID Service to obtain necessary information on daily life and use various applications by using mobile communication infra is drawing nearer. A new returns by Mobile RFID Service can be expected, however, the exact demand forecasting for the Mobile RFID Service is essential to induce mass investment from related communication enterprises. This study tries to get a foothold in enlarging the investment from related communication enterprises through demand forecasting for the Mobile RFID Service and to be helpful to the decision on their investment by predicting the demand on the service various Mobile RFID Service Models.

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An Analysis on the Forecasting Demand and Supply of Regional Industrial Labor for Customized Nurturing Human Resource: Focused on Manufacturing Industry in Chung-Nam Province (맞춤형 인력양성을 위한 지역 산업인력 수급분석: 충남지역 제조업을 중심으로)

  • Jung, Hae Yong
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.7 no.2
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    • pp.147-159
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    • 2011
  • In this paper the demand and supply of labor are forecasted over the next 10 years for customized nurturing human resource focused on Manufacturing Industry in Chung-Nam Province. Despite that the industrial structure is rapidly changing, industrial labors are nurturing on the basis of past industrial structure. This research is conducted for reducing mismatched labors throughout forecasting human resources until 2020. As a practical approach, the BLS Methodology is partially utilized. And the previous researches and official statistics data are reviewed. In conclusion, this study presents that more human resources on Manufacturing Industry than other Industries will be needed in Chung-Nam province. In details, it shows that there will be required more Industrial labors for strategic industries for examples, Audio and Video related industry, and Car related industry which is propelling by overall local government. In additions, policy implications are developed by analyzing current status and forecasting the labor demand and supply in the Chung-Nam Manufacturing sector.

A Study on the Demand Forecasting and Efficient Operation of Jeju National Airport using seasonal ARIMA model (계절 ARIMA 모형을 이용한 제주공항 여객 수요예측 및 효율적 운영에 관한 연구)

  • Kim, Kyung-Bum;Hwang, Kyung-Soo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.13 no.8
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    • pp.3381-3388
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    • 2012
  • This research is to find out the method appropriate for the forecasting of passennger demand using seasonal ARIMA model and efficient operation in Jeju National Airport. Time series monthly data for the investigation were collected ranging from January 2003 to December 2011. A total of 108 observations were used for data analysis. Research findings showed that the multiplicative seasonal ARIMA(0.1.2)(0.1.1)12 model is appropriate model. The number of passengers in Jeju National Airport will continue to rise, it was expected to surpass 20 million people.

A Study on Forecasting the Rural Rental Housing Demand (농촌 임대주택 수요분석 연구)

  • Lee, Chang-Woo;Yun, Kap-Sik
    • Journal of the Korean Institute of Rural Architecture
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    • v.19 no.3
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    • pp.33-41
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    • 2017
  • Recently, it is recognized that the increase of return farmers is an important task to revitalize rural areas. There is a growing need to improve the housing environment in rural areas by expanding rental housing supply in order to increase return farmers. The purpose of the study is to forecast the rural rental housing demand based on the questionnaire survey and to suggest the rural rental housing supply in the public sector. The rural rental housing demand consists of demand for rural residents and demand for return farmers. The survey was conducted for rural residents and potential return farmers. The rural rental housing demand was analyzed by using prospect of rural residents and return farmers in the future and the rate of intention to move into rural rental house derived from the survey. In this study, rural rental housing demand which does not take into consideration the rent level and rural rental house demand considering it are presented respectively.

A Study on the Air Travel Demand Forecasting using time series ARIMA-Intervention Model (ARIMA-Intervention 시계열모형을 활용한 제주 국내선 항공여객수요 추정)

  • Kim, Min-Su;Kim, Kee-Woong;Park, Sung-Sik
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.20 no.1
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    • pp.66-75
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    • 2012
  • The purpose of this study is to analyze the effect of intervention variables which may affect the air travel demand for Jeju domestic flights and to anticipate the air travel demand for Jeju domestic flights. The air travel demand forecasts for Jeju domestic flights are conducted through ARIMA-Intervention Model selecting five intervention variables such as 2002 World Cup games, SARS, novel swine-origin influenza A, Yeonpyeongdo bombardment and Japan big earthquake. The result revealed that the risk factor such as the threat of war that is a negative intervention incident and occurred in Korea has the negative impact on the air travel demand due to the response of risk aversion by users. However, when local natural disasters (earthquakes, etc) occurring in neighboring courtiers and global outbreak of an epidemic gave the negligible impact to Korea, negative intervention incident would have a positive impact on air travel demand as a response to find alternative due to rational expectation of air travel customers. Also we realize that a mega-event such as the 2002 Korea-Japan World Cup games reduced the air travel demand in a short-term period unlike the perception in which it will increase the air travel demand and travel demands in the corresponding area.

An Intelligent Decision Support System for Demand Forecasting. (수요예측을 위한 지능형 의사결정지원시스템 구축)

  • 염창선
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.23 no.59
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    • pp.43-51
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    • 2000
  • Many organizations are currently adjusting the statistical forecasts with qualitative factors. However, so for a few forecasting system with adjustment process have been developed. They have difficulties in managing knowledge and estimating the quantity of adjustment. In this study, the forecasting support system adopting the frame based knowledge representation and containing the decision making scheme for adjustment is proposed to overcome these difficulties. According to the experiments, the proposed system improves the forecasting performance on gasoline case.

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A Study on the Short-Term Demand Forecasing System of the Construction Materials for Concrete (콘크리트용 건설자재의 단기수요 예측모형에 관한 연구)

  • 최민수;김무한
    • Proceedings of the Korea Concrete Institute Conference
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    • 1991.10a
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    • pp.146-151
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    • 1991
  • In recent years a reasonable supply and demand plan of construction materials which is based upon an accurate forecast has been greatly required to prevent construction works from delaying and slapdash. To meet an above requirement, a short-term forecasting system of construction materials, in this paper, is established, which is approached in engineering aspect and emerged from conventional forecasting systems. The major considerations in setting up this system are the distributed lag of consrection business indicators and seasonal variations in consumption of constuction materials.

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Load demand forecasting of remote inhabited small islands using EGARCH-M model (EGARCH-M 모형을 이용한 소규모 도서지역의 전력수요예측)

  • Jo, In-Seung;Rhee, Chang-Ho;Chae, Seung-Yong
    • Proceedings of the KIEE Conference
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    • 2003.11a
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    • pp.491-493
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    • 2003
  • Load foretasting model used generally such as times series and econometric regression model often doesn't reflect the load characteristics of small remote islands. Therefore, in this paper load demand forecast is peformed using EGARCH-M non-linear forecasting model.

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