• 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.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.29 no.4
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• pp.113-119
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• 2006

The importance of intellectual property is increasing in the knowledge and information era. An organization that embraces technology and strategy is faced with promising opportunities and managerial difficulties. Forecasting the performance of technology and the underlying costs to achieve such performance is even more difficult than before. Those organizations that employ technology as part of their strategic arsenal know that they are running serious risks, which clearly increases the uncertainty of organizational performance. Therefore forecasting the performance of technology is a difficult task since technology has been characterized by intangible and tacit factors and traded in a supplier's market. The decision makers usually face a complex system of interrelated components, such as resources, desired outcomes or objectives. This study intends to evaluate the contribution of technology in intangible assets by the Analytic Hierarchy Process.

• Journal of Information Technology Applications and Management
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• v.19 no.1
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• pp.1-12
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• 2012

Data mining is the process of searching and analyzing large quantities of data for finding out meaningful patterns and rules. Artificial Neural Network (ANN) is one of the tools of data mining which is becoming very popular in forecasting the future values. Some of the areas where it is used are banking, medicine, retailing and fraud detection. In finance, artificial neural network is used in various disciplines including stock market forecasting. In the stock market time series, due to high volatility, it is very important to choose a model which reads volatility and forecasts the future values considering volatility as one of the major attributes for forecasting. In this paper, an attempt is made to develop two models - one using feed forward back propagation Artificial Neural Network and the other using Autoregressive Conditional Heteroskedasticity (ARCH) technique for forecasting stock market returns. Various parameters which are considered for the design of optimal ANN model development are input and output data normalization, transfer function and neuron/s at input, hidden and output layers, number of hidden layers, values with respect to momentum, learning rate and error tolerance. Simulations have been done using prices of daily close of Sensex. Stock market returns are chosen as input data and output is the forecasted return. Simulations of the Model have been done using MATLAB$^{(R)}$ 6.1.0.450 and EViews 4.1. Convergence and performance of models have been evaluated on the basis of the simulation results. Performance evaluation is done on the basis of the errors calculated between the actual and predicted values.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2005.05a
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• pp.795-797
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• 2005

During the past few years, various traffic-flow forecasting models, i.e. an ARIMA, an ANN, and so on, have been developed to predict more accurate traffic flow. However, these models analyze historical data in an attempt to predict future value of a variable of interest. They make use of the following basic strategy. Past data are analyzed in order to identify a pattern that can be used to describe them. Then this pattern is extrapolated, or extended, into the future in order to make forecasts. This strategy rests on the assumption that the pattern that has been identified will continue into the future. So ARIMA or ANN models with its traditional architecture cannot be expected to give good predictions unless this assumption is valid; The statistical models in particular, the time series models are deficient in the sense that they merely extrapolate past patterns in the data without reflecting the expected irregular and infrequent future events Also forecasting power of a single model is limited to its accurate. In this paper, we compared with an ANN model and ARIMA model and tried to combine an ARIMA model and ANN model for obtaining a better forecasting performance. In addition to combining two models, we also introduced judgmental adjustment technique. Our approach can improve the forecasting power in traffic flow. To validate our model, we have compared the performance with other models. Finally we prove that the proposed model, i.e. ARIMA + ANN + Judgmental Adjustment, is superior to the other model.

• Journal of Navigation and Port Research
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• v.35 no.1
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• pp.83-91
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• 2011

The accuracy of forecasting is remarkably important to reduce total cost or to increase customer services, so it has been studied by many researchers. In this paper, the artificial neural network (ANN), one of the most popular nonlinear forecasting methods, is compared with autoregressive integrated moving average(ARIMA) model through performing a prediction of container traffic. It uses a hybrid methodology that combines both the linear ARIAM and the nonlinear ANN model to improve forecasting performance. Also, it compares the methodology with other models in performance for prediction. In designing network structure, this work specially applies the genetic algorithm which is known as the effectively optimal algorithm in the huge and complex sample space. It includes the time delayed neural network (TDNN) as well as multi-layer perceptron (MLP) which is the most popular neural network model. Experimental results indicate that both ANN and Hybrid models outperform ARIMA model.

• Journal of Environmental Science International
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• v.26 no.10
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• pp.1167-1180
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• 2017

Numerical Weather Prediction (NWP) models such as the Weather Research and Forecasting (WRF) model are essential for forecasting one-day-ahead solar irradiance. In order to evaluate the performance of the WRF in forecasting solar irradiance over the Korean Peninsula, we compared WRF prediction data from 2008 to 2010 corresponding to weather observation data (OBS) from the Korean Meteorological Administration (KMA). The WRF model showed poor performance at polluted regions such as Seoul and Suwon where the relative Root Mean Square Error (rRMSE) is over 30%. Predictions by the WRF model alone had a large amount of potential error because of the lack of actual aerosol radiative feedbacks. For the purpose of reducing this error induced by atmospheric particles, i.e., aerosols, the WRF model was coupled with the Community Multiscale Air Quality (CMAQ) model. The coupled system makes it possible to estimate the radiative feedbacks of aerosols on the solar irradiance. As a result, the solar irradiance estimated by the coupled system showed a strong dependence on both the aerosol spatial distributions and the associated optical properties. In the NF (No Feedback) case, which refers to the WRF-only stimulated system without aerosol feedbacks, the GHI was overestimated by $50-200W\;m^{-2}$ compared with OBS derived values at each site. In the YF (Yes Feedback) case, in contrast, which refers to the WRF-CMAQ two-way coupled system, the rRMSE was significantly improved by 3.1-3.7% at Suwon and Seoul where the Particulate Matter (PM) concentrations, specifically, those related to the $PM_{10}$ size fraction, were over $100{\mu}g\;m^{-3}$. Thus, the coupled system showed promise for acquiring more accurate solar irradiance forecasts.

• ETRI Journal
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• v.37 no.2
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• pp.283-294
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• 2015

A model that precisely forecasts how much wind power is generated is critical for making decisions on power generation and infrastructure updates. Existing studies have estimated wind power from wind speed using forecasting models such as ANFIS, SMO, k-NN, and ANN. This study applies a projected clustering technique to identify wind power patterns of wind turbines; profiles the resulting characteristics; and defines hourly and daily power patterns using wind power data collected over a year-long period. A wind power pattern prediction stage uses a time interval feature that is essential for producing representative patterns through a projected clustering technique along with the existing temperature and wind direction from the classifier input. During this stage, this feature is applied to the wind speed, which is the most significant input of a forecasting model. As the test results show, nine hourly power patterns and seven daily power patterns are produced with respect to the Korean wind turbines used in this study. As a result of forecasting the hourly and daily power patterns using the temperature, wind direction, and time interval features for the wind speed, the ANFIS and SMO models show an excellent performance.

• The Korean Journal of Applied Statistics
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• v.31 no.1
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• pp.139-153
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• 2018

This paper investigates solar power forecasting based on several time series models. First, we consider weather variables that influence forecasting procedures as well as compare forecasting accuracies between time series models such as ARIMAX, Holt-Winters and Artificial Neural Network (ANN) models. The results show that ten models forecasting 24hour data have better performance than single models for 24 hours.

• 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.

• Journal of Navigation and Port Research
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• v.28 no.6
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• pp.509-515
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• 2004

The aim of this paper is to forecast passenger numbers and freight volumes in 2005 and it is proposed optimal tonnage of passenger ship. The forecasting of passenger numbers and freight volumes is important problem in order to determine optimal tonnage of passenger ship, port plan and development. In this paper, the forecasting of passenger numbers and freight volumes are performed by the method of neural network using back-propagation learning algorithm. And this paper compares the forecasting performance of neural networks with moving average method and exponential smooth method As the result of analysis. The forecasting of passenger numbers and freight volumes is that the neural networks performed better than moving average method and exponential smoothing method on the basis of MSE(mean square error) and MAE(mean absolute error).