• Title/Summary/Keyword: Probabilistic forecasting

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Improvement of Mid/Long-Term ESP Scheme Using Probabilistic Weather Forecasting (확률기상예보를 이용한 중장기 ESP기법 개선)

  • Kim, Joo-Cheol;Kim, Jeong-Kon;Lee, Sang-Jin
    • Journal of Korea Water Resources Association
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    • v.44 no.10
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    • pp.843-851
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    • 2011
  • In hydrology, it is appropriate to use probabilistic method for forecasting mid/long term streamflow due to the uncertainty of input data. Through this study, it is expanded mid/long term forecasting system more effectively adding priory process function based on PDF-ratio method to the RRFS-ESP system for Guem River Basin. For implementing this purpose, weight is estimated using probabilistic weather forecasting information from KMA. Based on these results, ESP probability is updated per scenario. Through the estimated result per method, the average forecast score using ESP method is higher than that of naive forecasting and it confirmed that ESP method results in appropriate score for RRFS-ESP system. It is also shown that the score of ESP method applying revised inflow scenario using probabilistic weather forecasting is higher than that of ESP method. As a results, it will be improved the accuracy of forecasting using probabilistic weather forecasting.

A probabilistic framework for drought forecasting using hidden Markov models aggregated with the RCP8.5 projection

  • Chen, Si;Kwon, Hyun-Han;Kim, Tae-Woong
    • Proceedings of the Korea Water Resources Association Conference
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    • 2016.05a
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    • pp.197-197
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    • 2016
  • Forecasting future drought events in a region plays a major role in water management and risk assessment of drought occurrences. The creeping characteristics of drought make it possible to mitigate drought's effects with accurate forecasting models. Drought forecasts are inevitably plagued by uncertainties, making it necessary to derive forecasts in a probabilistic framework. In this study, a new probabilistic scheme is proposed to forecast droughts, in which a discrete-time finite state-space hidden Markov model (HMM) is used aggregated with the Representative Concentration Pathway 8.5 (RCP) precipitation projection (HMM-RCP). The 3-month standardized precipitation index (SPI) is employed to assess the drought severity over the selected five stations in South Kore. A reversible jump Markov chain Monte Carlo algorithm is used for inference on the model parameters which includes several hidden states and the state specific parameters. We perform an RCP precipitation projection transformed SPI (RCP-SPI) weight-corrected post-processing for the HMM-based drought forecasting to derive a probabilistic forecast that considers uncertainties. Results showed that the HMM-RCP forecast mean values, as measured by forecasting skill scores, are much more accurate than those from conventional models and a climatology reference model at various lead times over the study sites. In addition, the probabilistic forecast verification technique, which includes the ranked probability skill score and the relative operating characteristic, is performed on the proposed model to check the performance. It is found that the HMM-RCP provides a probabilistic forecast with satisfactory evaluation for different drought severity categories, even with a long lead time. The overall results indicate that the proposed HMM-RCP shows a powerful skill for probabilistic drought forecasting.

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Probabilistic Forecasting of Seasonal Inflow to Reservoir (계절별 저수지 유입량의 확률예측)

  • Kang, Jaewon
    • Journal of Environmental Science International
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    • v.22 no.8
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    • pp.965-977
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    • 2013
  • Reliable long-term streamflow forecasting is invaluable for water resource planning and management which allocates water supply according to the demand of water users. It is necessary to get probabilistic forecasts to establish risk-based reservoir operation policies. Probabilistic forecasts may be useful for the users who assess and manage risks according to decision-making responding forecasting results. Probabilistic forecasting of seasonal inflow to Andong dam is performed and assessed using selected predictors from sea surface temperature and 500 hPa geopotential height data. Categorical probability forecast by Piechota's method and logistic regression analysis, and probability forecast by conditional probability density function are used to forecast seasonal inflow. Kernel density function is used in categorical probability forecast by Piechota's method and probability forecast by conditional probability density function. The results of categorical probability forecasts are assessed by Brier skill score. The assessment reveals that the categorical probability forecasts are better than the reference forecasts. The results of forecasts using conditional probability density function are assessed by qualitative approach and transformed categorical probability forecasts. The assessment of the forecasts which are transformed to categorical probability forecasts shows that the results of the forecasts by conditional probability density function are much better than those of the forecasts by Piechota's method and logistic regression analysis except for winter season data.

Leave-one-out Bayesian model averaging for probabilistic ensemble forecasting

  • Kim, Yongdai;Kim, Woosung;Ohn, Ilsang;Kim, Young-Oh
    • Communications for Statistical Applications and Methods
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    • v.24 no.1
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    • pp.67-80
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    • 2017
  • Over the last few decades, ensemble forecasts based on global climate models have become an important part of climate forecast due to the ability to reduce uncertainty in prediction. Moreover in ensemble forecast, assessing the prediction uncertainty is as important as estimating the optimal weights, and this is achieved through a probabilistic forecast which is based on the predictive distribution of future climate. The Bayesian model averaging has received much attention as a tool of probabilistic forecasting due to its simplicity and superior prediction. In this paper, we propose a new Bayesian model averaging method for probabilistic ensemble forecasting. The proposed method combines a deterministic ensemble forecast based on a multivariate regression approach with Bayesian model averaging. We demonstrate that the proposed method is better in prediction than the standard Bayesian model averaging approach by analyzing monthly average precipitations and temperatures for ten cities in Korea.

Study on a Probabilistic Load Forecasting Formula and Its Algorithm (전력부하의 확률가정적 최적예상식의 유도 및 전산프로그래밍에 관한 연구)

  • Myoung Sam Ko
    • 전기의세계
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    • v.22 no.2
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    • pp.28-32
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    • 1973
  • System modeling is applied in developing a probabilistic linear estimator for the load of an electric power system for the purpose of short term load forecasting. The model assumer that the load in given by the suns of a periodic discrete time serier with a period of 24 hour and a residual term such that the output of a discrete time dynamical linear system driven by a white random process and a deterministic input. And also we have established the main forecasting algorithms, which are essemtally the Kalman filter-predictor equations.

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Bayesian networks-based probabilistic forecasting of hydrological drought considering drought propagation (가뭄의 전이 현상을 고려한 수문학적 가뭄에 대한 베이지안 네트워크 기반 확률 예측)

  • Shin, Ji Yae;Kwon, Hyun-Han;Lee, Joo-Heon;Kim, Tae-Woong
    • Journal of Korea Water Resources Association
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    • v.50 no.11
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    • pp.769-779
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    • 2017
  • As the occurrence of drought is recently on the rise, the reliable drought forecasting is required for developing the drought mitigation and proactive management of water resources. This study developed a probabilistic hydrological drought forecasting method using the Bayesian Networks and drought propagation relationship to estimate future drought with the forecast uncertainty, named as the Propagated Bayesian Networks Drought Forecasting (PBNDF) model. The proposed PBNDF model was composed with 4 nodes of past, current, multi-model ensemble (MME) forecasted information and the drought propagation relationship. Using Palmer Hydrological Drought Index (PHDI), the PBNDF model was applied to forecast the hydrological drought condition at 10 gauging stations in Nakdong River basin. The receiver operating characteristics (ROC) curve analysis was applied to measure the forecast skill of the forecast mean values. The root mean squared error (RMSE) and skill score (SS) were employed to compare the forecast performance with previously developed forecast models (persistence forecast, Bayesian network drought forecast). We found that the forecast skill of PBNDF model showed better performance with low RMSE and high SS of 0.1~0.15. The overall results mean the PBNDF model had good potential in probabilistic drought forecasting.

A Basic Study on Estimation Model Development by Applying Probabilistic Forecasting Method for Determining Optimal Price of Residential Officetel (확률론적 추정 기법을 적용한 주거형 오피스텔의 최적 분양가 산정 모델 개발 기초연구)

  • Jang, Jun-Ho;Kim, Tae-Hui;Ha, Sung-Eun;Son, Ki-Young
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.11a
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    • pp.191-192
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    • 2017
  • In response to the economic depression, the demand for fixed rent income has increased according to the easing construction regulations. it caused indiscriminated investment to stakeholders. This leads to oversupply in the multi-family Housing market and increases unsold housing and vacancy rates except specific area such as Gangnam-gu.In order to solve this issue, although studies on the optimization price of apartment houses has been conducted, the study is insufficient regarding on residential officetel. Therefore, the objective is to suggest a basic study on optimal price estimation model development by using probabilistic forecasting method in planning phase. To achieve the objective, first, variables are defined such as expenses, financial costs, income, etc. Second, causal loop diagram is suggested. Third, basic optimization prices estimation model is developed. In the future, this study can be used as one of decision making tools in planning phase of officetel development projects.

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Forecasting Project Cost and Time using Fuzzy Set Theory and Contractors' Judgment

  • Alshibani, Adel
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.174-178
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    • 2015
  • This paper presents a new method for forecasting construction project cost and time at completion or at any intermediate time horizon of the project duration. The method is designed to overcome identified limitations of current applications of earned value method in forecasting project cost and time. The proposed method usesfuzzy set theory to model uncertainties associated with project performance and it integrates the earned value technique and the contractors' judgement. The fuzzy set theory is applied as an alternative approach to deterministic and probabilistic methods. Using fuzzy set theory allows contractors to: (1) perform risk analysis for different scenarios of project performance indices, and (2) perform different scenarios expressing vagueness and imprecision of forecasted project cost and time using a set of measures and indices. Unlike the current applications of Earned Value Method(EVM), The proposed method has a numberof interesting features: (1) integrating contractors' judgement in forecasting project performance; (2) enabling contractors to evaluate the risk associated with cost overrun in much simpler method comparing with that of simulation, and (3) accounting for uncertainties involved in the forecasting project cost.

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Assessment of predictability of categorical probabilistic long-term forecasts and its quantification for efficient water resources management (효율적인 수자원관리를 위한 범주형 확률장기예보의 예측력 평가 및 정량화)

  • Son, Chanyoung;Jeong, Yerim;Han, Soohee;Cho, Younghyun
    • Journal of Korea Water Resources Association
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    • v.50 no.8
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    • pp.563-577
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    • 2017
  • As the uncertainty of precipitation increases due to climate change, seasonal forecasting and the use of weather forecasts become essential for efficient water resources management. In this study, the categorical probabilistic long-term forecasts implemented by KMA (Korea Meteorological Administration) since June 2014 was evaluated using assessment indicators of Hit Rate, Reliability Diagram, and Relative Operating Curve (ROC) and a technique for obtaining quantitative precipitation estimates based on probabilistic forecasts was proposed. The probabilistic long-term forecasts showed its maximum predictability of 48% and the quantified precipitation estimates were closely matched with actual observations; maximum correlation coefficient (R) in predictability evaluation for 100% accurate and actual weather forecasts were 0.98 and 0.71, respectively. A precipitation quantification approach utilizing probabilistic forecasts proposed in this study is expected to enable water management considering the uncertainty of precipitation. This method is also expected to be a useful tool for supporting decision-making in the long-term planning for water resources management and reservoir operations.

The Development and Application of Policy Formulation Methodology Using Probabilistic System Dynamics (확률적 시스템 다이나믹스를 이용한 정책구조 수립 방법론과 그 응용)

  • 조형래;이진주
    • Journal of the Korean Operations Research and Management Science Society
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    • v.8 no.2
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    • pp.9-25
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    • 1983
  • A new approach to cross impact analysis using probabilistic system dynamics(PSD) is presented in this article. The previous models using PSD consist of system dynamics models as a basis which are interacting with cross impact analysis (CIA) sectors. In this model, the policy impact analysis part is separated from the CIA sectors and is constituted an independent subsectors of the model. The policy subsector is designed to separate the policy impact and provide feedback both to the system dynamics base model and cross impact analysis sectors. The new technique is applied to the forecasting, assessment and policy formulation of air pollution in Seoul metropolitan area in 2,000. The results show that the new tool consider policy effects more effectively than the previous PSD models.

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