• Title/Summary/Keyword: Forecasting Administration

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Estimation of Willingness To Pay for Health Forecasting Services (건강예보 서비스 제공에 대한 지불의사금액 추정)

  • Oh, Jin-A;Park, Jong-Kil;Oh, Min-Kyung
    • Journal of Environmental Science International
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    • v.20 no.3
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    • pp.395-404
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    • 2011
  • Weather forecasting is one of the key elements to improve health through the prevention and mitigation of health problems. Health forecasting is a potential resource creating enormous added value as it is effectively used for people. The purpose of this study is to estimate 'Willingness to Pay' for health forecasting. This survey was carried out to derive willingness to pay from 400 people who lived in Busan and Kyungnam Province and over 30 years of age during the period of July 1-31, 2009. The results showed that a 47.50% of people had intention to willingness to pay for health forecasting, and the pay was 7,184.21 won per year. Willing to pay goes higher depending on 'tax burden as to benefit of weather forecasting', 'importance of the weather forecasting in the aspect of health', 'satisfaction to the weather forecasting', and 'frequency of health weather index check'. This study followed the suggestion of the Korea Meteorological Administration generally and the values derived through surveys could be reliable. It can be concluded that a number of citizens who are willing to pay for health forecasting are high enough to meet the costs needed to provide health forecasting.

Bitcoin Price Forecasting Using Neural Decomposition and Deep Learning

  • Ramadhani, Adyan Marendra;Kim, Na Rang;Lee, Tai Hun;Ryu, Seung Eui
    • Journal of Korea Society of Industrial Information Systems
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    • v.23 no.4
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    • pp.81-92
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    • 2018
  • Bitcoin is a cryptographic digital currency and has been given a significant amount of attention in literature since it was first introduced by Satoshi Nakamoto in 2009. It has become an outstanding digital currency with a current market capitalization of approximately $60 billion. By 2019, it is expected to have over 5 million users. Nowadays, investing in Bitcoin is popular, and along with the advantages and disadvantages of Bitcoin, learning how to forecast is important for investors in their decision-making so that they are able to anticipate problems and earn a profit. However, most investors are reluctant to invest in bitcoin because it often fluctuates and is unpredictable, which may cost a lot of money. In this paper, we focus on solving the Bitcoin forecasting prediction problem based on deep learning structures and neural decomposition. First, we propose a deep learning-based framework for the bitcoin forecasting problem with deep feed forward neural network. Forecasting is a time-dependent data type; thus, to extract the information from the data requires decomposition as the feature extraction technique. Based on the results of the experiment, the use of neural decomposition and deep neural networks allows for accurate predictions of around 89%.

The generation of cloud drift winds and inter comparison with radiosonde data

  • Lee, Yong-Seob;Chung, Hyo-Sang;Ahn, Myeung-Hwan;Park, Eun-Jung
    • Proceedings of the KSRS Conference
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    • 1999.11a
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    • pp.135-139
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    • 1999
  • Wind velocity is one of the primary variables for describing atmospheric state from GMS-5. And its accurate depiction is essential for operational weather forecasting and for initialization of NWP(Numerical Weather Prediction) models. The aim of this research is to incorporate imagery from other available spectral channels and examine the error characteristics of winds derived from these images. Multi spectral imagery from GMS-5 was used for this purpose and applied to Korean region with together BoM(Bureau of Meteorology). The derivation of wind velocity estimates from low and high resolution visible, split window infrared, and water vapor images, resulted in improvements in the amount and quality of wind data available for forecasting.

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Current Status and Future Prospect of Plant Disease Forecasting System in Korea (우리 나라 식물병 발생예찰의 현황과 전망)

  • Kim, Choong-Hoe
    • Research in Plant Disease
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    • v.8 no.2
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    • pp.84-91
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    • 2002
  • Disease forecasting in Korea was first studied in the Department of Fundamental Research, in the Central Agricultural Technology Institute in Suwon in 1947, where the dispersal of air-borne conidia of blast and brown spot pathogens in rice was examined. Disease forecasting system in Korea is operated based on information obtained from 200 main forecasting plots scattered around country (rice 150, economic crops 50) and 1,403 supplementary observational plots (rice 1,050, others 353) maintained by Korean government. Total number of target crops and diseases in both forecasting plots amount to 30 crops and 104 diseases. Disease development in the forecasting plots is examined by two extension agents specialized in disease forecasting, working in the national Agricul-tural Technology Service Center(ATSC) founded in each city and prefecture. The data obtained by the extension agents are transferred to a central organization, Rural Development Administration (RDA) through an internet-web system for analysis in a nation-wide forecasting program, and forwarded far the Central Forecasting Council consisted of 12 members from administration, university, research institution, meteorology station, and mass media to discuss present situation of disease development and subsequent progress. The council issues a forecasting information message, as a result of analysis, that is announced in public via mass media to 245 agencies including ATSC, who informs to local administration, the related agencies and farmers for implementation of disease control activity. However, in future successful performance of plant disease forecasting system is thought to be securing of excellent extension agents specialized in disease forecasting, elevation of their forecasting ability through continuous trainings, and furnishing of prominent forecasting equipments. Researches in plant disease forecasting in Korea have been concentrated on rice blast, where much information is available, but are substan-tially limited in other diseases. Most of the forecasting researches failed to achieve the continuity of researches on specialized topic, ignoring steady improvement towards practical use. Since disease forecasting loses its value without practicality, more efforts are needed to improve the practicality of the forecasting method in both spatial and temporal aspects. Since significance of disease forecasting is directly related to economic profit, further fore-casting researches should be planned and propelled in relation to fungicide spray scheduling or decision-making of control activities.

Verification and Comparison of Forecast Skill between Global Seasonal Forecasting System Version 5 and Unified Model during 2014 (2014년 계절예측시스템과 중기예측모델의 예측성능 비교 및 검증)

  • Lee, Sang-Min;Kang, Hyun-Suk;Kim, Yeon-Hee;Byun, Young-Hwa;Cho, ChunHo
    • Atmosphere
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    • v.26 no.1
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    • pp.59-72
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    • 2016
  • The comparison of prediction errors in geopotential height, temperature, and precipitation forecasts is made quantitatively to evaluate medium-range forecast skills between Global Seasonal Forecasting System version 5 (GloSea5) and Unified Model (UM) in operation by Korea Meteorological Administration during 2014. In addition, the performances in prediction of sea surface temperature anomaly in NINO3.4 region, Madden and Julian Oscillation (MJO) index, and tropical storms in western north Pacific are evaluated. The result of evaluations appears that the forecast skill of UM with lower values of root-mean square error is generally superior to GloSea5 during forecast periods (0 to 12 days). The forecast error tends to increase rapidly in GloSea5 during the first half of the forecast period, and then it shows down so that the skill difference between UM and GloSea5 becomes negligible as the forecast time increases. Precipitation forecast of GloSea5 is not as bad as expected and the skill is comparable to that of UM during 10-day forecasts. Especially, in predictions of sea surface temperature in NINO3.4 region, MJO index, and tropical storms in western Pacific, GloSea5 shows similar or better performance than UM. Throughout comparison of forecast skills for main meteorological elements and weather extremes during medium-range, the effects of initial and model errors in atmosphere-ocean coupled model are verified and it is suggested that GloSea5 is useful system for not only seasonal forecasts but also short- and medium-range forecasts.

A study on the evaluation of and demand forecasting for real estate using simple additive weighting model: The case of clothing stores for babies and children in the Bundang area

  • Ryu, Tae-Chang;Lee, Sun-Young
    • Journal of Distribution Science
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    • v.10 no.11
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    • pp.31-37
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    • 2012
  • Purpose - This study was conducted under the assumption that brand A, a store of company Z of Pangyo, with a new store at Pangyo station is targeting the Bundang-gu area of the newly developed city of Seongnam. Research design, data, methodology - As a result of demand forecasting using geometric series models, an extrapolation of past trends provided the coefficient estimates, without utilizing regression analysis on a constant increase in children's wear, for which the population size and estimated parameter were required. Results - Demand forecasting on the basis of past trends indicates the likelihood that sales of discount stores in the Bundang area, where brand A currently has a presence, would fetch a higher estimated value than that of the average discount store in the country during 2015. If past trends persist, future sales of operational stores are likely to increase. Conclusions - In evaluating location using the simple weighting model, Seohyun Lotte Mart obtained a high rating amongst new stores in Pangyo, on the basis of accessibility, demand class, and existing stores. Therefore, when opening a new counter at a relevant store, a positive effect can be predicted.

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Global Flood Alert System (GFAS)

  • Umeda, Kazuo
    • Proceedings of the Korea Water Resources Association Conference
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    • 2006.05a
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    • pp.28-35
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    • 2006
  • Global Flood Alert System (GFAS) is an attempt to make the best use of satellite rainfall data in flood forecasting. The project of GFAS is promoted both by Ministry of Land, Infrastructure and Transport-Japan (MLIT) and Japan Aerospace Exploration Agency (JAXA), under which Infrastructure Development Institute-Japan (IDI) has been working on the development of Internet-based information system and just launched trial run of GFAS in April 2006 on International Flood Network (IFNet) website. The function of GFAS is to connect space agencies and hydrological services/river authorities in charge of flood forecasting and warning by providing global rainfall information in maps, text data e-mails and so on which is produced from binary global rainfall data downloaded from National Aeronautics and Space Administration (NASA) website. Although the effectiveness of satellite rainfall data in flood forecasting and warning has yet to be verified, satellite rainfall is expected to play an important role to strengthen existing flood forecasting systems by diversifying hydrological data source.

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Frequency Forecasting Model for Next Wireless Multimedia Services (멀티미디어 이동통신서비스를 위한 주파수 수요예측 모형)

  • Jang, Hee-Seon;Han, Sung-Su;Yeo, Jae-Hyun;Choi, Sung-Ho
    • IE interfaces
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    • v.18 no.3
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    • pp.333-342
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    • 2005
  • In this paper, we propose an efficient forecasting methodology of the mid and long-term frequency demand in Korea. The methodology consists of the following three steps: classification of basic service group, calculation of effective traffic, and frequency forecasting. Based on the previous studies, we classify the services into wide area mobile, short range radio, fixed wireless access and digital video broadcasting in the step of the classification of basic service group. For the calculation of effective traffic, we use the measures of erlang and bps. The step of the calculation of effective traffic classifies the user and basic application, and evaluates the effective traffic. Finally, in the step of frequency forecasting, different methodology will be proposed for each service group and its applications are presented.

Performance Analysis of Simulation of Asian Dust Observed in 2010 by the all-Season Dust Forecasting Model, UM-ADAM2 (사계절 황사단기예측모델 UM-ADAM2의 2010년 황사 예측성능 분석)

  • Lee, Eun-Hee;Kim, Seungbum;Ha, Jong-Chul;Chun, Youngsin
    • Atmosphere
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    • v.22 no.2
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    • pp.245-257
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    • 2012
  • The Asian dust (Hwangsa) forecasting model, Asian Dust Aerosol Model (ADAM) has been modified by using satelliate monitoring of surface vegetation, which enables to simulate dusts occuring not only in springtime but also for all-year-round period. Coupled with the Unified Model (UM), the operational weather forecasting model at KMA, UM-ADAM2 was implemented for operational dust forecasting since 2010, with an aid of development of Meteorology-Chemistry Interface Processor (MCIP) for usage UM. The performance analysis of the ADAM2 forecast was conducted with $PM_{10}$ concentrations observed at monitoring sites in the source regions in China and the downstream regions of Korea from March to December in 2010. It was found that the UM-ADAM2 model was able to simulate quite well Hwangsa events observed in spring and wintertime over Korea. In the downstream region of Korea, the starting and ending times of dust events were well-simulated, although the surface $PM_{10}$ concentration was slightly underestimated for some dust events. The general negative bias less than $35{\mu}g\;m^{3}$ in $PM_{10}$ is found and it is likely to be due to other fine aerosol species which is not considered in ADAM2. It is found that the correlation between observed and forecasted $PM_{10}$ concentration increases as forecasting time approaches, showing stably high correlation about 0.7 within 36 hr in forecasting time. This suggests the possibility that there is potential for the UM-ADAM2 model to be used as an operational Asian dust forecast model.

Korean Ocean Forecasting System: Present and Future (한국의 해양예측, 오늘과 내일)

  • Kim, Young Ho;Choi, Byoung-Ju;Lee, Jun-Soo;Byun, Do-Seong;Kang, Kiryong;Kim, Young-Gyu;Cho, Yang-Ki
    • The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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    • v.18 no.2
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    • pp.89-103
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    • 2013
  • National demands for the ocean forecasting system have been increased to support economic activity and national safety including search and rescue, maritime defense, fisheries, port management, leisure activities and marine transportation. Further, the ocean forecasting has been regarded as one of the key components to improve the weather and climate forecasting. Due to the national demands as well as improvement of the technology, the ocean forecasting systems have been established among advanced countries since late 1990. Global Ocean Data Assimilation Experiment (GODAE) significantly contributed to the achievement and world-wide spreading of ocean forecasting systems. Four stages of GODAE were summarized. Goal, vision, development history and research on ocean forecasting system of the advanced countries such as USA, France, UK, Italy, Norway, Australia, Japan, China, who operationally use the systems, were examined and compared. Strategies of the successfully established ocean forecasting systems can be summarized as follows: First, concentration of the national ability is required to establish successful operational ocean forecasting system. Second, newly developed technologies were shared with other countries and they achieved mutual and cooperative development through the international program. Third, each participating organization has devoted to its own task according to its role. In Korean society, demands on the ocean forecasting system have been also extended. Present status on development of the ocean forecasting system and long-term plan of KMA (Korea Meteorological Administration), KHOA (Korea Hydrographic and Oceanographic Administration), NFRDI (National Fisheries Research & Development Institute), ADD (Agency for Defense Development) were surveyed. From the history of the pre-established systems in other countries, the cooperation among the relevant Korean organizations is essential to establish the accurate and successful ocean forecasting system, and they can form a consortium. Through the cooperation, we can (1) set up high-quality ocean forecasting models and systems, (2) efficiently invest and distribute financial resources without duplicate investment, (3) overcome lack of manpower for the development. At present stage, it is strongly requested to concentrate national resources on developing a large-scale operational Korea Ocean Forecasting System which can produce open boundary and initial conditions for local ocean and climate forecasting models. Once the system is established, each organization can modify the system for its own specialized purpose. In addition, we can contribute to the international ocean prediction community.