• Title/Summary/Keyword: Forecasting accuracy

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Long-term Load Forecasting considering economic indicator (경제지표를 고려한 장기전력부하예측 기법)

  • Choi, Sang-Bong;Kim, Dae-Kyeong;Jeong, Seong-Hwan;Bae, Jeong-Hyo;Ha, Tae-Hwan;Lee, Hyun-Goo;Lee, Kang-Sae
    • Proceedings of the KIEE Conference
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    • 1998.07c
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    • pp.1163-1165
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    • 1998
  • This paper presents a method of the regional long-term load forecasting considering economic indicator with the assuption that energy demands proportionally increases with the economic indicators. For the accurate load forecasting, it is very important to scrutinize the correlation among the regional electric power demands, economic indicator and other characteristics because load forecasting results may vary depending on many different factors such as electric power demands, gross products, social trend and so on. Three steps are microscopically and macroscopically used for the regional long-term load forecasting in order to increase the accuracy and practically of the results.

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Improvement of the Load Forecasting Accuracy by Reflecting the Operation Rates of Industries on the Consecutive Holidays (특수일 조업률 반영을 통한 전력수요예측 정확도 향상)

  • Lim, Nam-Sik;Lee, Sang-Joong
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.7
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    • pp.1115-1120
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    • 2016
  • This paper presents the daily load forecasting for special days considering the rate of operation of industrial consumers. The authors analyzed the power consumption pattern for both the special and ordinary days according to the contract power classification of industrial consumers, and selected 400~600 specific consumers for which the rates of operation during special days are needed. Load forecasting for 2014 special days considering the rate of operation of industrial consumers showed a noticeable improvement on forecasting error of daily peak demand, which proved the effectiveness of the survey for the rates of operation during special days of industrial consumers.

A New Metric for Evaluation of Forecasting Methods : Weighted Absolute and Cumulative Forecast Error (수요 예측 평가를 위한 가중절대누적오차지표의 개발)

  • Choi, Dea-Il;Ok, Chang-Soo
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.3
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    • pp.159-168
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    • 2015
  • Aggregate Production Planning determines levels of production, human resources, inventory to maximize company's profits and fulfill customer's demands based on demand forecasts. Since performance of aggregate production planning heavily depends on accuracy of given forecasting demands, choosing an accurate forecasting method should be antecedent for achieving a good aggregate production planning. Generally, typical forecasting error metrics such as MSE (Mean Squared Error), MAD (Mean Absolute Deviation), MAPE (Mean Absolute Percentage Error), and CFE (Cumulated Forecast Error) are utilized to choose a proper forecasting method for an aggregate production planning. However, these metrics are designed only to measure a difference between real and forecast demands and they are not able to consider any results such as increasing cost or decreasing profit caused by forecasting error. Consequently, the traditional metrics fail to give enough explanation to select a good forecasting method in aggregate production planning. To overcome this limitation of typical metrics for forecasting method this study suggests a new metric, WACFE (Weighted Absolute and Cumulative Forecast Error), to evaluate forecasting methods. Basically, the WACFE is designed to consider not only forecasting errors but also costs which the errors might cause in for Aggregate Production Planning. The WACFE is a product sum of cumulative forecasting error and weight factors for backorder and inventory costs. We demonstrate the effectiveness of the proposed metric by conducting intensive experiments with demand data sets from M3-competition. Finally, we showed that the WACFE provides a higher correlation with the total cost than other metrics and, consequently, is a better performance in selection of forecasting methods for aggregate production planning.

A study on the Conceptual Design for the Real-time wind Power Prediction System in Jeju (제주 실시간 풍력발전 출력 예측시스템 개발을 위한 개념설계 연구)

  • Lee, Young-Mi;Yoo, Myoung-Suk;Choi, Hong-Seok;Kim, Yong-Jun;Seo, Young-Jun
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.59 no.12
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    • pp.2202-2211
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    • 2010
  • The wind power prediction system is composed of a meteorological forecasting module, calculation module of wind power output and HMI(Human Machine Interface) visualization system. The final information from this system is a short-term (6hr ahead) and mid-term (48hr ahead) wind power prediction value. The meteorological forecasting module for wind speed and direction forecasting is a combination of physical and statistical model. In this system, the WRF(Weather Research and Forecasting) model, which is a three-dimensional numerical weather model, is used as the physical model and the GFS(Global Forecasting System) models is used for initial condition forecasting. The 100m resolution terrain data is used to improve the accuracy of this system. In addition, optimization of the physical model carried out using historic weather data in Jeju. The mid-term prediction value from the physical model is used in the statistical method for a short-term prediction. The final power prediction is calculated using an optimal adjustment between the currently observed data and data predicted from the power curve model. The final wind power prediction value is provided to customs using a HMI visualization system. The aim of this study is to further improve the accuracy of this prediction system and develop a practical system for power system operation and the energy market in the Smart-Grid.

Study of Stochastic Techniques for Runoff Forecasting Accuracy in Gongju basin (추계학적 기법을 통한 공주지점 유출예측 연구)

  • Ahn, Jung Min;Hur, Young Teck;Hwang, Man Ha;Cheon, Geun Ho
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.1B
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    • pp.21-27
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    • 2011
  • When execute runoff forecasting, can not remove perfectly uncertainty of forecasting results. But, reduce uncertainty by various techniques analysis. This study applied various forecasting techniques for runoff prediction's accuracy elevation in Gongju basin. statics techniques is ESP, Period Average & Moving average, Exponential Smoothing, Winters, Auto regressive moving average process. Authoritativeness estimation with results of runoff forecasting by each techniques used MAE (Mean Absolute Error), RMSE (Root Mean Squared Error), RRMSE (Relative Root Mean Squared Error), Mean Absolute Percentage Error (MAPE), TIC (Theil Inequality Coefficient). Result that use MAE, RMSE, RRMSE, MAPE, TIC and confirm improvement effect of runoff forecasting, ESP techniques than the others displayed the best result.

Comparative Analysis of Forecasting Accuracy and Model Performance for Development of Coastal Wave Forecasting System Based on Unstructured Grid (비정형격자 기반 국지연안 파랑예측시스템 구축을 위한 예측정확도 및 모델성능 비교분석)

  • Min, Roh;Sang Myeong, Oh;Pil-Hun, Chang;Hyun-Suk, Kang;Hyung Suk, Kim
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.34 no.6
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    • pp.188-197
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    • 2022
  • We develop a coastal wave forecasting system by using the unstructured grid based on sea wind data of Global Data Assimilation and Prediction System. The verification is performed to examine the performance and accuracy of the wave model. Since the conventional grid has limited wave forecasting on complex coastlines and bathymetry, the unstructured grid system is applied for precise numerical simulation, and applicability for operational support is evaluated. Both grid systems show similar prediction trends in offshore and coastal areas, and the difference in prediction errors according to the grid system is not large. In addition, the applicability of the operational wave forecasting system is confirmed by dramatically reducing the model execution time of the unstructured grid under the same conditions.

Development of flood forecasting system on city·mountains·small river area in Korea and assessment of forecast accuracy (전국 도시·산지·소하천 돌발홍수예측 시스템 개발 및 정확도 평가)

  • Hwang, Seokhwan;Yoon, Jungsoo;Kang, Narae;Lee, Dong-Ryul
    • Journal of Korea Water Resources Association
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    • v.53 no.3
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    • pp.225-236
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    • 2020
  • It is not easy to provide sufficient lead time for flood forecast in urban and small mountain basins using on-ground rain gauges, because the time concentration in those basins is too short. In urban and small mountain basins with a short lag-time between precipitation and following flood events, it is more important to secure forecast lead times by predicting rainfall amounts. The Han River Flood Control Office (HRFCO) in South Korea produces short-term rainfall forecasts using the Mcgill Algorithm for Precipitation-nowcast by Lagrangian Extrapolation (MAPLE) algorithm that converts radar reflectance of rainfall events. The Flash Flood Research Center (FFRC) in the Korea Institute of Civil Engineering and Building Technology (KICT) installed a flash flood forecasting system using the short-term rainfall forecast data produced by the HRFCO and has provided flash flood information in a local lvel with 1-hour lead time since 2019. In this study, we addressed the flash flood forecasting system based on the radar rainfall and the assessed the accuracy of the forecasting system for the recorded flood events occurred in 2019. A total of 31 flood disaster cases were used to evaluate the accuracy and the forecast accuracy was 90.3% based on the probability of detection.

An analysis of effects of seasonal weather forecasting on dam reservoir inflow prediction (장기 기상전망이 댐 저수지 유입량 전망에 미치는 영향 분석)

  • Kim, Seon-Ho;Nam, Woo-Sung;Bae, Deg-Hyo
    • Journal of Korea Water Resources Association
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    • v.52 no.7
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    • pp.451-461
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    • 2019
  • The dam reservoir inflow prediction is utilized to ensure for water supply and prevent future droughts. In this study, we predicted the dam reservoir inflow and analyzed how seasonal weather forecasting affected the accuracy of the inflow for even multi-purpose dams. The hindcast and forecast of GloSea5 from KMA were used as input for rainfall-runoff models. TANK, ABCD, K-DRUM and PRMS models which have individual characteristics were applied to simulate inflow prediction. The dam reservoir inflow prediction was assessed for the periods of 1996~2009 and 2015~2016 for the hindcast and forecast respectively. The results of assessment showed that the inflow prediction was underestimated by comparing with the observed inflow. If rainfall-runoff models were calibrated appropriately, the characteristics of the models were not vital for accuracy of the inflow prediction. However the accuracy of seasonal weather forecasting, especially precipitation data is highly connected to the accuracy of the dam inflow prediction. It is recommended to consider underestimation of the inflow prediction when it is used for operations. Futhermore, for accuracy enhancement of the predicted dam inflow, it is more effective to focus on improving a seasonal weather forecasting rather than a rainfall-runoff model.

Reliability and Applicability of Weather Forecasts for Irrigation Scheduling (관개계획을 위한 일기예보의 신뢰성과 활용성)

  • 이남호
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.41 no.6
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    • pp.25-32
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    • 1999
  • The purpose of this study is to analyse the accuracy of weather forecasts of temperature, precipitation probability , and sky condition and to evaluate the applicability of weather forecasts for the estimation of potential evapotranspiration for irrigation scheduling. Five weather station s were selected to compare forecasted and measured climatcal data. The error between forecasted and measured temperature was calculated and discussed. The accuracy of temperature forecast using relative frequency of the error was calculated . The temperature forecasting showed considerably high accuracy. Average sunshine hours for forecasted sky conditions were calculated and showed reasonable quality. From the reliability graphs, the forecasting precipation probabililty was reliable. Potential evapotranspirations were calculated and compared using forecast and measured temperatures. The weather forecast is considered usable for irrigation scheculing.

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DEVELOPMENT OF A REAL-TIME FLOOD FORECASTING SYSTEM BY HYDRAULIC FLOOD ROUTING

  • Lee, Joo-Heon;Lee, Do-Hun;Jeong, Sang-Man;Lee, Eun-Tae
    • Water Engineering Research
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    • v.2 no.2
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    • pp.113-121
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    • 2001
  • The objective of this study is to develop a prediction mode for a flood forecasting system in the downstream of the Nakdong river basin. Ranging from the gauging station at Jindong to the Nakdong estuary barrage, the hydraulic flood routing model(DWOPER) based on the Saint Venant equation was calibrated by comparing the calculated river stage with the observed river stages using four different flood events recorded. The upstream boundary condition was specified by the measured river stage data at Jindong station and the downstream boundary condition was given according to the tide level data observed at he Nakdong estuary barrage. The lateral inflow from tributaries were estimated by the rainfall-runoff model. In the calibration process, the optimum roughness coefficients for proper functions of channel reach and discharge were determined by minimizing the sum of the differences between the observed and the computed stage. In addition, the forecasting lead time on the basis of each gauging station was determined by a numerical simulation technique. Also, we suggested a model structure for a real-time flood forecasting system and tested it on the basis of past flood events. The testing results of the developed system showed close agreement between the forecasted and observed stages. Therefore, it is expected that the flood forecasting system we developed can improve the accuracy of flood forecasting on the Nakdong river.

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