• Title/Summary/Keyword: Demand forecasting

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Development of Water Demand Forecasting Simulator and Performance Evaluation (단기 물 수요예측 시뮬레이터 개발과 예측 알고리즘 성능평가)

  • Shin, Gang-Wook;Kim, Ju-Hwan;Yang, Jae-Rheen;Hong, Sung-Taek
    • Journal of Korean Society of Water and Wastewater
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    • v.25 no.4
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    • pp.581-589
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    • 2011
  • Generally, treated water or raw water is transported into storage reservoirs which are receiving facilities of local governments from multi-regional water supply systems. A water supply control and operation center is operated not only to manage the water facilities more economically and efficiently but also to mitigate the shortage of water resources due to the increase in water consumption. To achieve the goal, important information such as the flow-rate in the systems, water levels of storage reservoirs or tanks, and pump-operation schedule should be considered based on the resonable water demand forecasting. However, it is difficult to acquire the pattern of water demand used in local government, since the operating information is not shared between multi-regional and local water systems. The pattern of water demand is irregular and unpredictable. Also, additional changes such as an abrupt accident and frequent changes of electric power rates could occur. Consequently, it is not easy to forecast accurate water demands. Therefore, it is necessary to introduce a short-term water demands forecasting and to develop an application of the forecasting models. In this study, the forecasting simulator for water demand is developed based on mathematical and neural network methods as linear and non-linear models to implement the optimal water demands forecasting. It is shown that MLP(Multi-Layered Perceptron) and ANFIS(Adaptive Neuro-Fuzzy Inference System) can be applied to obtain better forecasting results in multi-regional water supply systems with a large scale and local water supply systems with small or medium scale than conventional methods, respectively.

A Development Study for Fashion Market Forecasting Models - Focusing on Univariate Time Series Models -

  • Lee, Yu-Soon;Lee, Yong-Joo;Kang, Hyun-Cheol
    • Journal of Fashion Business
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    • v.15 no.6
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    • pp.176-203
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    • 2011
  • In today's intensifying global competition, Korean fashion industry is relying on only qualitative data for feasibility study of future projects and developmental plan. This study was conducted in order to support establishment of a scientific and rational management system that reflects market demand. First, fashion market size was limited to the total amount of expenditure for fashion clothing products directly purchased by Koreans for wear during 6 months in spring and summer and 6 months in autumn and winter. Fashion market forecasting model was developed using statistical forecasting method proposed by previous research. Specifically, time series model was selected, which is a verified statistical forecasting method that can predict future demand when data from the past is available. The time series for empirical analysis was fashion market sizes for 8 segmented markets at 22 time points, obtained twice each year by the author from 1998 to 2008. Targets of the demand forecasting model were 21 research models: total of 7 markets (excluding outerwear market which is sensitive to seasonal index), including 6 segmented markets (men's formal wear, women's formal wear, casual wear, sportswear, underwear, and children's wear) and the total market, and these markets were divided in time into the first half, the second half, and the whole year. To develop demand forecasting model, time series of the 21 research targets were used to develop univariate time series models using 9 types of exponential smoothing methods. The forecasting models predicted the demands in most fashion markets to grow, but demand for women's formal wear market was forecasted to decrease. Decrease in demand for women's formal wear market has been pronounced since 2002 when casualization of fashion market intensified, and this trend was analyzed to continue affecting the demand in the future.

Heat Demand Forecasting for Local District Heating (지역 난방을 위한 열 수요예측)

  • Song, Ki-Burm;Park, Jin-Soo;Kim, Yun-Bae;Jung, Chul-Woo;Park, Chan-Min
    • IE interfaces
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    • v.24 no.4
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    • pp.373-378
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    • 2011
  • High level of accuracy in forecasting heat demand of each district is required for operating and managing the district heating efficiently. Heat demand has a close connection with the demands of the previous days and the temperature, general demand forecasting methods may be used forecast. However, there are some exceptional situations to apply general methods such as the exceptional low demand in weekends or vacation period. We introduce a new method to forecast the heat demand to overcome these situations, using the linearities between the demand and some other factors. Our method uses the temperature and the past 7 days' demands as the factors which determine the future demand. The model consists of daily and hourly models which are multiple linear regression models. Appling these two models to historical data, we confirmed that our method can forecast the heat demand correctly with reasonable errors.

Road Maintenance Planning with Traffic Demand Forecasting (장래교통수요예측을 고려한 도로 유지관리 방안)

  • Kim, Jeongmin;Choi, Seunghyun;Do, Myungsik;Han, Daeseok
    • International Journal of Highway Engineering
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    • v.18 no.3
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    • pp.47-57
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    • 2016
  • PURPOSES : This study aims to examine the differences between the existing traffic demand forecasting method and the traffic demand forecasting method considering future regional development plans and new road construction and expansion plans using a four-step traffic demand forecast for a more objective and sophisticated national highway maintenance. This study ultimately aims to present future pavement deterioration and budget forecasting planning based on the examination. METHODS : This study used the latest data offered by the Korea Transport Data Base (KTDB) as the basic data for demand forecast. The analysis scope was set using the Daejeon Metropolitan City's O/D and network data. This study used a traffic demand program called TransCad, and performed a traffic assignment by vehicle type through the application of a user equilibrium-based multi-class assignment technique. This study forecasted future traffic demand by verifying whether or not a realistic traffic pattern was expressed similarly by undertaking a calibration process. This study performed a life cycle cost analysis based on traffic using the forecasted future demand or existing past pattern, or by assuming the constant traffic demand. The maintenance criteria were decided according to equivalent single axle loads (ESAL). The maintenance period in the concerned section was calculated in this study. This study also computed the maintenance costs using a construction method by applying the maintenance criteria considering the ESAL. The road user costs were calculated by using the user cost calculation logic applied to the Korean Pavement Management System, which is the existing study outcome. RESULTS : This study ascertained that the increase and decrease of traffic occurred in the concerned section according to the future development plans. Furthermore, there were differences from demand forecasting that did not consider the development plans. Realistic and accurate demand forecasting supported an optimized decision making that efficiently assigns maintenance costs, and can be used as very important basic information for maintenance decision making. CONCLUSIONS : Therefore, decision making for a more efficient and sophisticated road management than the method assuming future traffic can be expected to be the same as the existing pattern or steady traffic demand. The reflection of a reliable forecasting of the future traffic demand to life cycle cost analysis (LCCA) can be a very vital factor because many studies are generally performed without considering the future traffic demand or with an analysis through setting a scenario upon LCCA within a pavement management system.

Load Forecasting and ESS Scheduling Considering the Load Pattern of Building (부하 패턴을 고려한 건물의 전력수요예측 및 ESS 운용)

  • Hwang, Hye-Mi;Park, Jong-Bae;Lee, Sung-Hee;Roh, Jae Hyung;Park, Yong-Gi
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.9
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    • pp.1486-1492
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    • 2016
  • This study presents the electrical load forecasting and error correction method using a real building load pattern, and the way to manage the energy storage system with forecasting results for economical load operation. To make a unique pattern of target load, we performed the Hierarchical clustering that is one of the data mining techniques, defined load pattern(group) and forecasted the demand load according to the clustering result of electrical load through the previous study. In this paper, we propose the new reference demand for improving a predictive accuracy of load demand forecasting. In addition we study an error correction method for response of load events in demand load forecasting, and verify the effects of proposed correction method through EMS scheduling simulation with load forecasting correction.

Evaluation of short-term water demand forecasting using ensemble model (앙상블 모형을 이용한 단기 용수사용량 예측의 적용성 평가)

  • So, Byung-Jin;Kwon, Hyun-Han;Gu, Ja-Young;Na, Bong-Kil;Kim, Byung-Seop
    • Journal of Korean Society of Water and Wastewater
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    • v.28 no.4
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    • pp.377-389
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    • 2014
  • In recent years, Smart Water Grid (SWG) concept has globally emerged over the last decade and also gained significant recognition in South Korea. Especially, there has been growing interest in water demand forecast and this has led to various studies regarding energy saving and improvement of water supply reliability. In this regard, this study aims to develop a nonlinear ensemble model for hourly water demand forecasting which allow us to estimate uncertainties across different model classes. The concepts was demonstrated through application to observed from water plant (A) in the South Korea. Various statistics (e.g. the efficiency coefficient, the correlation coefficient, the root mean square error, and a maximum error rate) were evaluated to investigate model efficiency. The ensemble based model with an cross-validate prediction procedure showed better predictability for water demand forecasting at different temporal resolutions. In particular, the performance of the ensemble model on hourly water demand data showed promising results against other individual prediction schemes.

A Multiple Variable Regression-based Approaches to Long-term Electricity Demand Forecasting

  • Ngoc, Lan Dong Thi;Van, Khai Phan;Trang, Ngo-Thi-Thu;Choi, Gyoo Seok;Nguyen, Ha-Nam
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.59-65
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    • 2021
  • Electricity contributes to the development of the economy. Therefore, forecasting electricity demand plays an important role in the development of the electricity industry in particular and the economy in general. This study aims to provide a precise model for long-term electricity demand forecast in the residential sector by using three independent variables include: Population, Electricity price, Average annual income per capita; and the dependent variable is yearly electricity consumption. Based on the support of Multiple variable regression, the proposed method established a model with variables that relate to the forecast by ignoring variables that do not affect lead to forecasting errors. The proposed forecasting model was validated using historical data from Vietnam in the period 2013 and 2020. To illustrate the application of the proposed methodology, we presents a five-year demand forecast for the residential sector in Vietnam. When demand forecasts are performed using the predicted variables, the R square value measures model fit is up to 99.6% and overall accuracy (MAPE) of around 0.92% is obtained over the period 2018-2020. The proposed model indicates the population's impact on total national electricity demand.

Forecasting of Domestic Beef Demand Using Exponential Smoothing Model (지수평활모형을 이용한 국내 소고기 수요예측)

  • Kim, Woo-Seok;Um, Ji-Bum
    • Korean Journal of Organic Agriculture
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    • v.30 no.2
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    • pp.231-239
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    • 2022
  • The purpose of this study is to provide meaningful information for various stakeholders' decision-making process through forecasting of domestic beef demand. Three different exponential smoothing models were evaluated, and a double exponential smoothing model was used to forecast domestic beef demand based on time-series data, As a result of the forecast, domestic beef consumption is expected to increase by 37,000 to 40,000 tons per year from 2020 to 2025.

Method of Demand Forecasting for Demand Controller (최대수요전력 관리 장치의 최대수요전력 예측 방법에 관한 연구)

  • Kwon, Yong-Hun;Kim, Ho-Jin;Kong, In-Yeup
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2012.05a
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    • pp.833-836
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    • 2012
  • Demand Controller is a load control device that monitor the current power consumption and calculate the forecast power to not exceed the power set by consumer. Accurate demand forecasting is important because of controlling the load use the way that sound a warning and then blocking the load when if forecasted demand exceed the power set by consumer. When if consumer with fluctuating power consumption use the existing forecasting method, management of demand control has the disadvantage of not stable. In this paper, examine the existing forecasting method and the exponential smoothing method, and then propose the forecasting method using Kalman Filter algorithm.

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Long-Term Maximum Power Demand Forecasting in Consideration of Dry Bulb Temperature (건구온파를 오인한 장기최대전력수요예측에 관한 연구)

  • 고희석;정재길
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.34 no.10
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    • pp.389-398
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    • 1985
  • Recently maximum power demand of our country has become to be under the great in fluence of electric cooling and air conditioning demand which are sensitive to weather conditions. This paper presents the technique and algorithm to forecast the long-term maximum power demand considering the characteristics of electric power and weather variable. By introducing a weather load model for forecasting long-term maximum power demand with the recent statistic data of power demand, annual maximum power demand is separated into two parts such as the base load component, affected little by weather, and the weather sensitive load component by means of multi-regression analysis method. And we derive the growth trend regression equations of above two components and their individual coefficients, the maximum power demand of each forecasting year can be forecasted with the sum of above two components. In this case we use the coincident dry bulb temperature as the weather variable at the occurence of one-day maximum power demand. As the growth trend regression equation we choose an exponential trend curve for the base load component, and real quadratic curve for the weather sensitive load component. The validity of the forecasting technique and algorithm proposed in this paper is proved by the case study for the present Korean power system.

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