• Title/Summary/Keyword: Production Forecasting

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Analyzing the Supply and Demand Structure of the Korean Flatfish Aquaculture Market : A System Dynamics Approach (시스템다이내믹스기법을 이용한 우리나라 양식넙치시장의 수급구조 분석)

  • Park, Byung-In
    • The Journal of Fisheries Business Administration
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    • v.39 no.1
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    • pp.17-42
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    • 2008
  • This study tried to build a structure model for the Korean flatfish aquaculture market by a system dynamics approach. A pool of several factors to influence the market structure was built. In addition, several reasonable factors related to the flatfish aquaculture market were selected to construct the causal loop diagram (CLD). Then the related stock/flow diagrams of the causal loop diagrams were constructed. This study had been forecasting a production price and supply, demand, and consumption volume for the flatfish market by a monthly basis, and then made some validation to the forecasting. Finally, four governmental policies such as import, storage, reduction of input, and demand control were tentatively evaluated by the created model. As a result, the facts that the demand control policy is most effective, and import and storage policies are moderately effective were found.

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A Study on Forecast of Oyster Production using Time Series Models (시계열모형을 이용한 굴 생산량 예측 가능성에 관한 연구)

  • Nam, Jong-Oh;Noh, Seung-Guk
    • Ocean and Polar Research
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    • v.34 no.2
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    • pp.185-195
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    • 2012
  • This paper focused on forecasting a short-term production of oysters, which have been farmed in Korea, with distinct periodicity of production by year, and different production level by month. To forecast a short-term oyster production, this paper uses monthly data (260 observations) from January 1990 to August 2011, and also adopts several econometrics methods, such as Multiple Regression Analysis Model (MRAM), Seasonal Autoregressive Integrated Moving Average (SARIMA) Model, and Vector Error Correction Model (VECM). As a result, first, the amount of short-term oyster production forecasted by the multiple regression analysis model was 1,337 ton with prediction error of 246 ton. Secondly, the amount of oyster production of the SARIMA I and II models was forecasted as 12,423 ton and 12,442 ton with prediction error of 11,404 ton and 11,423 ton, respectively. Thirdly, the amount of oyster production based on the VECM was estimated as 10,425 ton with prediction errors of 9,406 ton. In conclusion, based on Theil inequality coefficient criterion, short-term prediction of oyster by the VECM exhibited a better fit than ones by the SARIMA I and II models and Multiple Regression Analysis Model.

Development of the Forecasting Model for Parts in an Automobile (자동차 부품 수요의 예측 모형 개발)

  • Hong, Jung-Sik;Ahn, Jae-Kyung;Hong, Suk-Kee
    • Journal of Korean Institute of Industrial Engineers
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    • v.27 no.3
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    • pp.233-238
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    • 2001
  • This paper deals with demand forecasting of parts in an automobile model which has been extinct. It is important to estimate how much inventory of each part in the extinct model should be stocked because production lines of some parts may be replaced by new ones although there is still demands for the model. Furthermore, in some countries, there is a strong regulation that the automobile manufacturing company should provide customers with auto parts for several years whenever they are requested. The major characteristic of automobile parts demand forecasting is that there exists a close correlation between the number of running cars and the demand of each part. In this sense, the total demand of each part in a year is determined by two factors, the total number of running cars in that year and the failure rate of the part. The total number of running cars in year k can be estimated sequentially by the amount of shipped cars and proportion of discarded cars in years 1, 2,$\cdots$, i. However, it is very difficult to estimate the failure rate of each part because available inter-failure time data is not complete. The failure rate is, therefore, determined so as to minimize the mean squared error between the estimated demand and the observed demand of a part in years 1, 2,$\cdots$, i. In this paper, data obtained from a Korean automobile manufacturing company are used to illustrate our model.

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A Forecasting on the Market Size of Korean Solar Salt (한국 식용 천일염 시장규모 전망에 관한 연구)

  • Choi, Byung-Ok;Kim, Bae-Sung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.10
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    • pp.4812-4818
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    • 2013
  • This paper contains material of the supply-demand forecasting of solar salt for food in Korea. The solar salt was granted admission for food by the act of salt management in 2007. So, the yearly statistics of solar salt for food are not enough to forecast the supply-demand unsing econometrics. However, the related industry become interested in market size of the solar salt for food and the growth potential of the market. This study deal with the supply-demand forecasting of solar salt for food in light of industry of solar salt, consumption trends, export-import quantity, etc. This research results indicate that the production quantity will be 222-384 thousand MT, the export quantity will be 498-565 thousand MT, the export quantity will be 2.67-3.62 thousand MT, the consumption quantity will be 767-996 thousand MT.

A Development of Construction Industry Production Index(CIPI) with Temperature Effects (기온효과를 고려한 건설업생산지수 예측모델 개발)

  • Kim, Seok-Jong;Kim, Hyun-Woo;Chin, Kyung-Ho;Jang, Han-Ik
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.103-112
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    • 2013
  • After 1990s, the influence of construction industry has been decreased on national economy and construction business condition has been changed on economic recession and boom repeatedly. Larger fluctuation of business condition makes a forecast of it to be more difficult. Uncertainty in business prediction results in damages on construction companies and stakeholders. Therefore, study on forecasting a construction business is very important. This study suggests the Construction Industry Production Index(CIPI) to predict a construction business in consider of temperature effects. The results show that construction business is much influenced by temperature effects certainly and GDP. With the CBFM, this study examines CIPI for 2013 with two scenarios: 1)with GDP growth rate of 3.5% 2)with GDP growth rate of 2.4%. Thus, CIPI would be used as the economic state index to display the construction business conditions. Also, CIPI will be utilized as basic methodology in the impact of climate change in the construction industry.

Quantitative Flood Forecasting Using Remotely-Sensed Data and Neural Networks

  • Kim, Gwangseob
    • Proceedings of the Korea Water Resources Association Conference
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    • 2002.05a
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    • pp.43-50
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    • 2002
  • Accurate quantitative forecasting of rainfall for basins with a short response time is essential to predict streamflow and flash floods. Previously, neural networks were used to develop a Quantitative Precipitation Forecasting (QPF) model that highly improved forecasting skill at specific locations in Pennsylvania, using both Numerical Weather Prediction (NWP) output and rainfall and radiosonde data. The objective of this study was to improve an existing artificial neural network model and incorporate the evolving structure and frequency of intense weather systems in the mid-Atlantic region of the United States for improved flood forecasting. Besides using radiosonde and rainfall data, the model also used the satellite-derived characteristics of storm systems such as tropical cyclones, mesoscale convective complex systems and convective cloud clusters as input. The convective classification and tracking system (CCATS) was used to identify and quantify storm properties such as life time, area, eccentricity, and track. As in standard expert prediction systems, the fundamental structure of the neural network model was learned from the hydroclimatology of the relationships between weather system, rainfall production and streamflow response in the study area. The new Quantitative Flood Forecasting (QFF) model was applied to predict streamflow peaks with lead-times of 18 and 24 hours over a five year period in 4 watersheds on the leeward side of the Appalachian mountains in the mid-Atlantic region. Threat scores consistently above .6 and close to 0.8 ∼ 0.9 were obtained fur 18 hour lead-time forecasts, and skill scores of at least 4% and up to 6% were attained for the 24 hour lead-time forecasts. This work demonstrates that multisensor data cast into an expert information system such as neural networks, if built upon scientific understanding of regional hydrometeorology, can lead to significant gains in the forecast skill of extreme rainfall and associated floods. In particular, this study validates our hypothesis that accurate and extended flood forecast lead-times can be attained by taking into consideration the synoptic evolution of atmospheric conditions extracted from the analysis of large-area remotely sensed imagery While physically-based numerical weather prediction and river routing models cannot accurately depict complex natural non-linear processes, and thus have difficulty in simulating extreme events such as heavy rainfall and floods, data-driven approaches should be viewed as a strong alternative in operational hydrology. This is especially more pertinent at a time when the diversity of sensors in satellites and ground-based operational weather monitoring systems provide large volumes of data on a real-time basis.

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A Technical Guide to Operational Regional Ocean Forecasting Systems in the Korea Hydrographic and Oceanographic Agency (I): Continuous Operation Strategy, Downloading External Data, and Error Notification (국립해양조사원 해양예측시스템 소개 (I): 현업 운영 전략, 외부 해양·기상 자료 내려 받기 및 오류 알림 기능)

  • BYUN, DO-SEONG;SEO, GWANG-HO;PARK, SE-YOUNG;JEONG, KWANG-YEONG;LEE, JOO YOUNG;CHOI, WON-JIN;SHIN, JAE-AM;CHOI, BYOUNG-JU
    • The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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    • v.22 no.3
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    • pp.103-117
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    • 2017
  • This note provides technical guide on three issues associated with establishing and automatically running regional ocean forecasting systems: (1) a strategy for continuous production of hourly-interval three-day ocean forecast data, (2) the daily download of ocean and atmospheric forecasting data (i.e., HYCOM and NOAA/NCEP GFS data), which are provided by outside institutions and used as initial condition, surface forcing, and boundary data for regional ocean models, and (3) error notifications to numerical model managers through the Short Message Service (SMS). Guidance on dealing with these three issues is illustrated via solutions implemented by the Korea Hydrographic and Oceanographic Agency, since in embarking on this project we found that this procedural information was not readily available elsewhere. This technical guide is based on our experiences and lessons learned during the process of establishing and operating regional ocean forecasting systems for the East Sea and the Yellow and East China Seas over the 5 year period of 2012-2016. The fundamental approach and techniques outlined in this guide are of use to anyone wanting to establish an automatic regional and coastal ocean forecasting system.

An Approach for Improvement of Goodness of Fit on the Estimation of Paddy Rice Yield Using Satellite(MODIS) Images (MODIS 영상을 이용한 논벼 생산량 추정모형의 적합도 개선을 위한 연구)

  • Kim, Bae-Sung;Kim, Jae-Hwan;Ko, Seong-Bo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.11
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    • pp.5417-5422
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    • 2013
  • This research was performed in order to improve the goodness of fit of paddy rice production forecasting using MODIS images and to find out appropriate explanatory variables in the forecasting model. The aim of this paper is to review the use of satellite images for the survey of paddy rice production in Korea. Many developed countries, including the United States, Australia, and Japan, have been using satellite images to produce agricultural statistics such as crop production, cultivated acreage, etc. The survey accuracy of crop production by using satellite images, however, is not satisfied in practical use. In this paper, we reviewed several methods to increase the survey accuracy of rice production statistics, gained from satellite images. Rice was selected for this study because its cultivated area and production amount could be more easily identified than other crops by using satellite images. The MODIS images were used because they involved more appropriate images to estimate and analyze rice production. This study estimated yield functions by using the NDVIs, gained from paddy rice yields and annual average isothermal lines, and the meteorological variables such as sunshine hours, rainfall, and temperature during ripening stage. As a result of yield function estimation, the goodness of fit(R-squared) for the models was shown from 0.768 to 0.891. In this study, it is noteworthy academically and practically that vegetation index(NDVIs) identified by annual average isothermal lines and meteorological variables are very useful for estimating yield functions.

Simulation Modeling for Production Scheduling under Make-To-Order Production Environment : Focusing on the Flat Glass Production Environment (주문생산 방식의 생산계획 수립을 위한 시뮬레이션 모델 설계 : 판유리 제조 공정을 중심으로)

  • Choi, Yong-Hee;Hwang, Seung-June
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.1
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    • pp.64-73
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    • 2019
  • The manufacturing companies under Make-To-Order (MTO) production environment face highly variable requirements of the customers. It makes them difficult to establish preemptive production strategy through inventory management and demand forecasting. Therefore, the ability to establish an optimal production schedule that incorporates the various requirements of the customers is emphasized as the key success factor. In this study, we suggest a process of designing the simulation model for establishing production schedule and apply this model to the case of a flat glass processing company. The flat glass manufacturing industry is under MTO production environment. Academic research of flat glass industry is focused on minimizing the waste in the cutting process. In addition, in the practical view, the flat glass manufacturing companies tend to establish the production schedule based on the intuition of production manager and it results in failure of meeting the due date. Based on these findings, the case study aims to present the process of drawing up a production schedule through simulation modeling. The actual data of Korean flat glass processing company were used to make a monthly production schedule. To do this, five scenarios based on dispatching rules are considered and each scenario is evaluated by three key performance indicators for delivery compliance. We used B2MML (Business To Manufacturing Markup Language) schema for integrating manufacturing systems and simulations are carried out by using SIMIO simulation software. The results provide the basis for determining a suitable production schedule from the production manager's perspective.

Prediction Model on Delivery Time in Display FAB Using Survival Analysis (생존분석을 이용한 디스플레이 FAB의 반송시간 예측모형)

  • Han, Paul;Baek, Jun Geol
    • Journal of Korean Institute of Industrial Engineers
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    • v.40 no.3
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    • pp.283-290
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    • 2014
  • In the flat panel display industry, to meet production target quantities and the deadline of production, the scheduler and dispatching systems are major production management systems which control the order of facility production and the distribution of WIP (Work In Process). Especially the delivery time is a key factor of the dispatching system for the time when a lot can be supplied to the facility. In this paper, we use survival analysis methods to identify main factors of the delivery time and to build the delivery time forecasting model. To select important explanatory variables, the cox proportional hazard model is used to. To make a prediction model, the accelerated failure time (AFT) model was used. Performance comparisons were conducted with two other models, which are the technical statistics model based on transfer history and the linear regression model using same explanatory variables with AFT model. As a result, the mean square error (MSE) criteria, the AFT model decreased by 33.8% compared to the statistics prediction model, decreased by 5.3% compared to the linear regression model. This survival analysis approach is applicable to implementing the delivery time estimator in display manufacturing. And it can contribute to improve the productivity and reliability of production management system.