• Title/Summary/Keyword: Forecasting method

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Empirical Study for the Technological Forecasting using Delphi Method

  • Kim, Yon-Hyong
    • Communications for Statistical Applications and Methods
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    • v.9 no.2
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    • pp.425-434
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    • 2002
  • In this paper, we evaluated the technological forecasting based on questionnaires of experts working in internet-banking industry. We prepared questionnaires on the 13 items. We examined specialties of respondents, relative importance of research contents, expected time of realization, likelihood of conviction on the expected time of realization, and their opinions on the levels of domestic's research and development comparing with advanced standards on each item. And we made various analysis based on data collected from Delphi method.

Reliability Computation of Neuro-Fuzzy Model Based Short Term Electrical Load Forecasting (뉴로-퍼지 모델 기반 단기 전력 수요 예측시스템의 신뢰도 계산)

  • Shim, Hyun-Jeong;Wang, Bo-Hyeun
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.54 no.10
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    • pp.467-474
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    • 2005
  • This paper presents a systematic method to compute a reliability measure for a short term electrical load forecasting system using neuro-fuzzy models. It has been realized that the reliability computation is essential for a load forecasting system to be applied practically. The proposed method employs a local reliability measure in order to exploit the local representation characteristic of the neuro-fuzzy models. It, hence, estimates the reliability of each fuzzy rule learned. The design procedure of the proposed short term load forecasting system is as follows: (1) construct initial structures of neuro-fuzzy models, (2) store them in the initial structure bank, (3) train the neuro-fuzzy model using an appropriate initial structure, and (4) compute load prediction and its reliability. In order to demonstrate the viability of the proposed method, we develop an one hour ahead load forecasting system by using the real load data collected during 1996 and 1997 at KEPCO. Simulation results suggest that the proposed scheme extends the applicability of the load forecasting system with the reliably computed reliability measure.

A Comparative Study on the Forecasting Accuracy of Econometric Models :Domestic Total Freight Volume in South Korea (계량경제모형간 국내 총화물물동량 예측정확도 비교 연구)

  • Chung, Sung Hwan;Kang, Kyung Woo
    • Journal of Korean Society of Transportation
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    • v.33 no.1
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    • pp.61-69
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    • 2015
  • This study compares the forecasting accuracy of five econometric models on domestic total freight volume in South Korea. Applied five models are as follows: Ordinary Least Square model, Partial Adjustment model, Reduced Autoregressive Distributed Lag model, Vector Autoregressive model, Time Varying Parameter model. Estimating models and forecasting are carried out based on annual data of domestic freight volume and an index of industrial production during 1970~2011. 1-year, 3-year, and 5-year ahead forecasting performance of five models was compared using the recursive forecasting method. Additionally, two forecasting periods were set to compare forecasting accuracy according to the size of future volatility. As a result, the Time Varying Parameter model showed the best accuracy for forecasting periods having fluctuations, whereas the Vector Autoregressive model showed better performance for forecasting periods with gradual changes.

Kwangiu City Long Term Distribution Planning Process using the Land use Forecasting Method (토지용도에 따른 부하접촉을 이용한 광주시 장단기 최적화 배전계획)

  • Kang, Cheul-Won;Kim, Hyo-Sang;Park, Chang-Ho;Kim, Joon-Oh
    • Proceedings of the KIEE Conference
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    • 2000.07a
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    • pp.495-497
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    • 2000
  • The KEPCO is developing the load forecasting sysetm using land use simulation method and distribution planning system. Distribution planning needs the data of presents loads, forecasted loads sub-statin, and distribution lines. Using the data, determine the sub-station and feeder lines according to the load forecasting data. This paper presents the method of formulation processfor the long term load forecasting and optimal distribution planning and optimal distribution planning. And describes the case study of long term distribution planning of Kwangju city accord to the newly applied method.

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Short-term Electric Load Forecasting Based on Wavelet Transform and GMDH

  • Koo, Bon-Gil;Lee, Heung-Seok;Park, Juneho
    • Journal of Electrical Engineering and Technology
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    • v.10 no.3
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    • pp.832-837
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    • 2015
  • The group method of data handling (GMDH) algorithm has proven to be a powerful and effective way to extract rules or polynomials from an electric load pattern. However, because it is nonstationary, the load pattern needs to be decomposed using a discrete wavelet transform. In addition, if a load pattern has a complicated curve pattern, GMDH should use a higher polynomial, which requires complex computing and consumes a lot of time. This paper suggests a method for short-term electric load forecasting that uses a wavelet transform and a GMDH algorithm. Case studies with the proposed algorithm were carried out for one-day-ahead forecasting of hourly electric loads using data during the years 2008-2011. To prove the effectiveness of our proposed approach, the results were evaluated and compared with those obtained by Holt-Winters method and artificial neural network. Our suggested method resulted in better performance than either comparison group.

Demand Forecasting for Developing Drug Inventory Control Model in a University Hospital (한 종합병원 약품 재고관리를 위한 수요예측(需要豫測))

  • Sohn, Myong-Sei
    • Journal of Preventive Medicine and Public Health
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    • v.16 no.1
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    • pp.113-120
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    • 1983
  • The main objective of this case study is to develop demand forecasting model for durg inventory control in a university hospital. This study is based on the pertinent records during the period of January 1975 to August 1981 in the pharmacy and stock departments of the hospital. Through the analysis of the above records the author made some major findings as follows: 1. In A.B.C. classification, the biggest demand (A class) consists of 9 items which include 6 items of antibiotics. 2. Demand forecasting level of an index or discrepancy in A class drug compared with real demand for 6 months is average 30.4% by X-11 Arima method and 84.6% by Winter's method respectively. 3. After the correcting ty the number of bed, demand forecasting of drug compared with real demand for 6 months is average 23.1% by X-11 Arima method and 46.6% by Winter's method respectively.

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The Development of Short-term Load Forecasting System Using Ordinary Database (범용 Database를 이용한 단기전력수요예측 시스템 개발)

  • Kim Byoung Su;Ha Seong Kwan;Song Kyung Bin;Park Jeong Do
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.683-685
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    • 2004
  • This paper introduces a basic design for the short-term load forecasting system using a commercial data base. The proposed system uses a hybrid load forecasting method using fuzzy linear regression for forecasting of weekends and Monday and general exponential smoothing for forecasting of weekdays. The temperature sensitive is used to improve the accuracy of the load forecasting during the summer season. MS-SQL Sever has been used a commercial data base for the proposed system and the database is operated by ADO(ActiveX Data Objects) and RDO(Remote Data Object). Database has been constructed by altering the historical load data for the past 38 years. The weather iDormation is included in the database. The developed short-term load forecasting system is developed as a user friendly system based on GUI(Graphical User interface) using MFC(Microsoft Foundation Class). Test results show that the developed system efficiently performs short-term load forecasting.

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Suggesting Forecasting Methods for Dietitians at University Foodservice Operations

  • Ryu Ki-Sang
    • Nutritional Sciences
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    • v.9 no.3
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    • pp.201-211
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    • 2006
  • The purpose of this study was to provide dietitians with the guidance in forecasting meal counts for a university/college foodservice facility. The forecasting methods to be analyzed were the following: naive model 1, 2, and 3; moving average, double moving average, simple exponential smoothing, double exponential smoothing, Holt's, and Winters' methods, and simple linear regression. The accuracy of the forecasting methods was measured using mean squared error and Theil's U-statistic. This study showed how to project meal counts using 10 forecasting methods for dietitians. The results of this study showed that WES was the most accurate forecasting method, followed by $na\ddot{i}ve$ 2 and naive 3 models. However, naive model 2 and 3 were recommended for using by dietitians in university/college dining facilities because of the accuracy and ease of use. In addition, the 2000 spring semester data were better than the 2000 fall semester data to forecast 2001spring semester data.

Load Forecasting for Holidays Using a Fuzzy Least Squares Linear Regression Algorithm (퍼지 최소 자승 선형회귀분석 알고리즘을 이용한 특수일 전력수요예측)

  • Song Kyung-Bin;Ku Bon-Suk;Baek Young-Sik
    • The Transactions of the Korean Institute of Electrical Engineers D
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    • v.52 no.4
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    • pp.233-237
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    • 2003
  • An accurate load forecasting is essential for economics and stability power system operation. Due to high relationship between the electric power load and the electric power price, the participants of the competitive power market are very interested in load forecasting. The percentage errors of load forecasting for holidays is relatively large. In order to improve the accuarcy of load forecasting for holidays, this paper proposed load forecasting method for holidays using a fuzzy least squares linear regression algorithm. The proposed algorithm is tested for load forecasting for holidays in 1996, 1997, and 2000. The test results show that the proposed algorithm is better than the algorithm using fuzzy linear regression.

A Study on the Load Forecasting Methods of Peak Electricity Demand Controller (최대수요전력 관리 장치의 부하 예측에 관한 연구)

  • Kong, In-Yeup
    • IEMEK Journal of Embedded Systems and Applications
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    • v.9 no.3
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    • pp.137-143
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    • 2014
  • 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, load forecasting of the unit of seconds using the Exponential Smoothing Methods, ARIMA model, Kalman Filter is proposed. Also simulation of load forecasting of the unit of the seconds methods and existing forecasting methods is performed and analyzed the accuracy. As a result of simulation, the accuracy of load forecasting methods in seconds is higher.