• Journal of IKEEE
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• v.22 no.3
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• pp.822-828
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• 2018

Recently, energy issues such as massive blackout due to increase in power consumption have been emerged, and it is necessary to improve the accuracy of prediction of power consumption as a solution for these problems. In this study, we investigate the difference between the actual power consumption and the predicted power consumption through the deep learning- based power consumption forecasting experiment, and the possibility of adjusting the power reserve ratio. In this paper, the prediction of the power consumption based on the deep learning can be used as a basis to reduce the power reserve ratio so as not to excessively produce extra power. The deep learning method used in this paper uses a learning model of long-short-term-memory (LSTM) structure that processes time series data. In the computer simulation, the generated power consumption data was learned, and the power consumption was predicted based on the learned model. We calculate the error between the actual and predicted power consumption amount, resulting in an error rate of 21.37%. Considering the recent power reserve ratio of 45.9%, it is possible to reduce the reserve ratio by 20% when applying the power consumption prediction algorithm proposed in this study.

• Journal of Korean Society of Transportation
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• v.17 no.1
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• pp.173-185
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• 1999

The purpose of this study is to develope a forecasting model to implement short-term Congestion Management Program (CMP) based on TDM strategies in Seoul. The CMP is composed of three elements: 1) setting a goal of short-term traffic management. 2) developing a model to forecast the impacts of TDM alternatives, and 3) finding TDM measures to achieve the goal To Predict the impacts of TDM alternatives, a model called SECOMM (SEoul COngestion Management Model) is developed. The model assumes that trip generation and distribution are not changing in a short term, and that only mode split and traffic assignment are affected by TDM. The model includes the parameter values calibrated by a discrete mode choice model, and roadway and transit networks with 1,020 zones. As a TDM measure implement, it affects mode choice behavior first and then the speeds of roadway network. The chanced speed again affects the mode choice behavior and the roadway speeds. These steps continue until the network is equilibrated. The study recommends that CMP be introduced in Seoul, and that road way conditions be monitored regularly to secure the prediction accuracy of SECOMM. Also, TDM should be the major Policy tools in removing short-term congestion problems in a big city.

• Journal of Korean Society of Transportation
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• v.27 no.6
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• pp.19-28
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• 2009

In case of land development projects constructed, to solve induced transportation volume needs analysis of traffic demand. Trip-generation of land development projects is exactly predicted by using traffic instigating-basic-unit in each facility of land developments. But in case of a phase of trip-distribution, because a range of destinations is very enormous and it needs enormous data to reflect all of its characters, whenever trip-distribution is predicted, the method which assumes the rate of trip-distribution is same both before completion of land development projects and after is often used. But because there is no exact criterion, the method suggested above is also affected by subjective opinion. Accordingly, this study look over using trip-distribution of specific areas's DB and suggests a size of zone to predict a distribution of land development projects exactly. Also production - constrained gravity model which uses the gap between a distribution of suggested ranges and induced land development project is suggested for more exact prediction of trip-distribution. Besides accuracy of prediction is scrutinized by using Mean Squared Error.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.353-358
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• 2001

Since the financial crisis broke out, liquidity has become the critical issue in housing construction industry. In order to secure liquidity, it is prerequisite to precisely forecast cash flow. However, construction companies have failed to come up with a systematic process to manage and forecast cash flow. Until now, companies have solely relied on the prediction of profits and losses, which is carried out as they review business feasibility. To obtain more accurate cash flow forecast model, practical pattern of payments should be taken into account. In this theory, basic model that analyzes practical housing payment collection pattern resulting from prepayments and arrears is described. This model is to complement conventional cash flow forecast scheme in the phase of business feasibility review. Analysis result on final losses in cash that occur as a result of prepayment and arrears is considered in this model. Additionally, in the estimation of construction cost in the phase of business feasibility review, real construction prices instead of official prices are applied to enhance accuracy of cash outflow forecast. The proportion of payment made by a bill and changes in payment date caused by rescheduling of a bill are also factored in to estimate cash outflow. This model would contribute to achieving accurate cash flow forecast that better reflect real situation and to enhancing efficiency in capital management by giving a clear picture with regard to the demand and supply timing of capital.

• Journal of the Korea Society of Computer and Information
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• v.25 no.5
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• pp.47-56
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• 2020

The stock index is used not only as an economic indicator for a country, but also as an indicator for investment judgment, which is why research into predicting the stock index is ongoing. The task of predicting the stock price index involves technical, basic, and psychological factors, and it is also necessary to consider complex factors for prediction accuracy. Therefore, it is necessary to study the model for predicting the stock price index by selecting and reflecting technical and auxiliary factors that affect the fluctuation of the stock price according to the stock price. Most of the existing studies related to this are forecasting studies that use news information or macroeconomic indicators that create market fluctuations, or reflect only a few combinations of indicators. In this paper, this we propose to present an effective combination of the news information sentiment analysis and various macroeconomic indicators in order to predict the US Dow Jones Index. After Crawling more than 93,000 business news from the New York Times for two years, the sentiment results analyzed using the latest natural language processing techniques BERT and NLTK, along with five macroeconomic indicators, gold prices, oil prices, and five foreign exchange rates affecting the US economy Combination was applied to the prediction algorithm LSTM, which is known to be the most suitable for combining numeric and text information. As a result of experimenting with various combinations, the combination of DJI, NLTK, BERT, OIL, GOLD, and EURUSD in the DJI index prediction yielded the smallest MSE value.

• Environmental and Resource Economics Review
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• v.26 no.4
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• pp.519-547
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• 2017

This paper explores whether it is better to forecast city gas demand in Korea using national level data directly or, alternatively, construct forecasts from regional demand models and then aggregate these regional forecasts. In the regional model, we consider gas demand for Seoul metropolitan and the other local areas. Our forecast evaluation exercise for 2013-2016 shows the regional forecast model generally outperforms the national forecasting model. This result comes from the fact that the dynamic properties of each region's gas demands can be better taken into account in the regional demand model. More specifically, the share of residential gas demand in the Seoul metropolitan area is above 50%, and subsequently this demand is heavily influenced by temperature fluctuations. Conversely, the dominant portion of regional gas demand is due to industrial gas consumption. Moreover, electricity is regarded as a substitute for city gas in the residential sector, and industrial gas competes with certain oil products. Our empirical results show that a regional demand forecast model can be an effective alternative to the demand model based on nation-wide gas consumption and that regional information about gas demand is also useful for analyzing sectoral gas consumption.

• Journal of Korea Water Resources Association
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• v.46 no.6
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• pp.655-666
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• 2013

Lately, intensity and frequency of natural disasters such as flood are increasing because of abnormal climate. Casualties and property damages due to large-scale floods such as Typhoon Rusa in 2002 and Typhoon Maemi in 2003 rapidly increased, and these show the limits of the existing disaster prevention measures and flood forecasting systems regarding irregular climate changes. In order to efficiently respond to extraordinary flood, it is important to provide effective countermeasures through an inundation model that can accurately simulate flood inundation patterns. However, the existing flood inundation analysis model has problems such as excessive take of analysis time and accuracy of the analyzed results. Therefore, this study conducted a flood inundation analysis by using the Gerris flow solver that uses quadtree grid, targeting the Baeksan Levee in the Nakdong River Basin that collapsed because of a concentrated torrential rainfall in August, 2002. Through comparisons with the FLUMEN model that uses unstructured grid among the existing flood inundation models and the actual flooded areas, it determined the applicability and efficiency of the quadtree grid-based flood inundation model of the Gerris flow solver.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.34 no.6
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• pp.1873-1879
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• 2014

There are various methodologies to forecast the travel time using real-time data but the K-nearest neighborhood (KNN) method in general is regarded as the most one in forecasting when there are enough historical data. The objective of this study is to evaluate applicability of KNN method. In this study, real-time and historical data of toll collection system (TCS) traffic flow and the dedicated short range communication (DSRC) link travel time, and the historical path travel time data are used as input data for KNN approach. The proposed method investigates the path travel time which is the nearest to TCS traffic flow and DSRC link travel time from real-time and historical data, then it calculates the predicted path travel time using weight average method. The results show that accuracy increased when weighted value of DSRC link travel time increases. Moreover the trend of forecasted and real travel times are similar. In addition, the error in forecasted travel time could be further reduced when more historical data could be available in the future database.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.2
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• pp.667-677
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• 2013

The introduction of a new transit facility affects mode share of travel alternatives. The multinomial logit model, which has been the most commonly used for estimating mode share, has difficulty in reflecting heterogeneity of travelers' choices, and it has a limitation on grasping their characteristics of mode choice. The limitation may lead to over- or under-estimation of the new transit facility and bring about significant social costs. This paper aims to find a methodology to overcome the problem of preference homogeneity. It also applies market segmentation structure of separating the whole population into direct and indirect beneficiary to consider their preference heterogeneity. A mode choice model is estimated on data from Jeju Province and statistically tested. The results show that mode transfer rate of direct beneficiaries that inhabit in downtown areas increases as the new transit facility provides more advanced services with higher costs. The results and the model suggested in this study can contribute to improving the accuracy of demand forecasting of new transit facilities by reflecting heterogeneity of mode-transfer patterns.

• The Journal of Society for e-Business Studies
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• v.19 no.4
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• pp.73-99
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• 2014

Recently, big data have been studied ways to use in various fields. Big data refers to huge amounts of data that could not be addressed by conventional methods. Big data has attracted attention for improving accuracy of decision-making, forecasting in the near future, and creation of new business. In this study, it is an object to develop the utilization plan for big data in the field of technology commercialization. For this reason, we conducted study like case studies, literature review and focus group interview. We have derived the big data utilization plan based on this in the technology commercialization field. It, the data utilization plan, combines with the technology commercialization process of Jolly and it has five sub processes (Imagining, Incubating, Demonstrating, Promoting, Sustaining). In this paper, there is a significance that has emphasized the possibility for big data utilization in the technology commercialization. However, there is a limit to the general interpretation for our study. And we hope to contribute to the expansion of areas of technology commercialization information analysis through this research.