• Title/Summary/Keyword: Real-Time Forecasting System

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A Stochastic Nonlinear Analysis of Daily Runoff Discharge Using Artificial Intelligence Technique (인공지능기법을 이용한 일유출량의 추계학적 비선형해석)

  • 안승섭;김성원
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.39 no.6
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    • pp.54-66
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    • 1997
  • The objectives of this study is to introduce and apply neural network theory to real hydrologic systems for stochastic nonlinear predicting of daily runoff discharge in the river catchment. Back propagation algorithm of neural network model is applied for the estimation of daily stochastic runoff discharge using historical daily rainfall and observed runoff discharge. For the fitness and efficiency analysis of models, the statistical analysis is carried out between observed discharge and predicted discharge in the chosen runoff periods. As the result of statistical analysis, method 3 which has much processing elements of input layer is more prominent model than other models(method 1, method 2) in this study.Therefore, on the basis of this study, further research activities are needed for the development of neural network algorithm for the flood prediction including real-time forecasting and for the optimal operation system of dams and so forth.

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A Web-Based Information System for Irrigation Reservoir Operations (관개용 저수지 운영을 위한 Web 기반 정보시스템 개발)

  • 서춘석;박승우;강문성;강민구
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 1999.10c
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    • pp.81-86
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    • 1999
  • A Web-based information system from the Korea Agricultural Water Use Laboratory AWUL, has been developed to provide with regional water management information and guidance for the operations of irrigation reservoirs through the World Wide Web(WWW). Twenty-six reservoirs are selected as the reference reservoirs for regional water management , and the real-time operation guide may be issued the grwoing seasons. The information available from the system includes the wether forecasting , drought analyses, and reservoir operation data for those reference sites. For a specific reservoir, the manager may access the system to obtain the water requriement, irrigation secheduling , and reservoir operations that fit best to the irrigation district.

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Demand Forecasting Model for Bike Relocation of Sharing Stations (공유자전거 따릉이 재배치를 위한 실시간 수요예측 모델 연구)

  • Yoosin Kim
    • Journal of Internet Computing and Services
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    • v.24 no.5
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    • pp.107-120
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    • 2023
  • The public bicycle of Seoul, Ttareungyi, was launched at October 2015 to reduce traffic and carbon emissions in downtown Seoul and now, 2023 Oct, the cumulative number of user is upto 4 million and the number of bike is about 43,000 with about 2700 stations. However, super growth of Ttareungyi has caused the several problems, especially demand/supply mismatch, and thus the Seoul citizen has been complained about out of stock. In this point, this study conducted a real time demand forecasting model to prevent stock out bike at stations. To develop the model, the research team gathered the rental·return transaction data of 20,000 bikes in whole 1600 stations for 2019 year and then analyzed bike usage, user behavior, bike stations, and so on. The forecasting model using machine learning is developed to predict the amount of rental/return on each bike station every hour through daily learning with the recent 90 days data with the weather information. The model is validated with MAE and RMSE of bike stations, and tested as a prototype service on the Seoul Bike Management System(Mobile App) for the relocation team of Seoul City.

VKOSPI Forecasting and Option Trading Application Using SVM (SVM을 이용한 VKOSPI 일 중 변화 예측과 실제 옵션 매매에의 적용)

  • Ra, Yun Seon;Choi, Heung Sik;Kim, Sun Woong
    • Journal of Intelligence and Information Systems
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    • v.22 no.4
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    • pp.177-192
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    • 2016
  • Machine learning is a field of artificial intelligence. It refers to an area of computer science related to providing machines the ability to perform their own data analysis, decision making and forecasting. For example, one of the representative machine learning models is artificial neural network, which is a statistical learning algorithm inspired by the neural network structure of biology. In addition, there are other machine learning models such as decision tree model, naive bayes model and SVM(support vector machine) model. Among the machine learning models, we use SVM model in this study because it is mainly used for classification and regression analysis that fits well to our study. The core principle of SVM is to find a reasonable hyperplane that distinguishes different group in the data space. Given information about the data in any two groups, the SVM model judges to which group the new data belongs based on the hyperplane obtained from the given data set. Thus, the more the amount of meaningful data, the better the machine learning ability. In recent years, many financial experts have focused on machine learning, seeing the possibility of combining with machine learning and the financial field where vast amounts of financial data exist. Machine learning techniques have been proved to be powerful in describing the non-stationary and chaotic stock price dynamics. A lot of researches have been successfully conducted on forecasting of stock prices using machine learning algorithms. Recently, financial companies have begun to provide Robo-Advisor service, a compound word of Robot and Advisor, which can perform various financial tasks through advanced algorithms using rapidly changing huge amount of data. Robo-Adviser's main task is to advise the investors about the investor's personal investment propensity and to provide the service to manage the portfolio automatically. In this study, we propose a method of forecasting the Korean volatility index, VKOSPI, using the SVM model, which is one of the machine learning methods, and applying it to real option trading to increase the trading performance. VKOSPI is a measure of the future volatility of the KOSPI 200 index based on KOSPI 200 index option prices. VKOSPI is similar to the VIX index, which is based on S&P 500 option price in the United States. The Korea Exchange(KRX) calculates and announce the real-time VKOSPI index. VKOSPI is the same as the usual volatility and affects the option prices. The direction of VKOSPI and option prices show positive relation regardless of the option type (call and put options with various striking prices). If the volatility increases, all of the call and put option premium increases because the probability of the option's exercise possibility increases. The investor can know the rising value of the option price with respect to the volatility rising value in real time through Vega, a Black-Scholes's measurement index of an option's sensitivity to changes in the volatility. Therefore, accurate forecasting of VKOSPI movements is one of the important factors that can generate profit in option trading. In this study, we verified through real option data that the accurate forecast of VKOSPI is able to make a big profit in real option trading. To the best of our knowledge, there have been no studies on the idea of predicting the direction of VKOSPI based on machine learning and introducing the idea of applying it to actual option trading. In this study predicted daily VKOSPI changes through SVM model and then made intraday option strangle position, which gives profit as option prices reduce, only when VKOSPI is expected to decline during daytime. We analyzed the results and tested whether it is applicable to real option trading based on SVM's prediction. The results showed the prediction accuracy of VKOSPI was 57.83% on average, and the number of position entry times was 43.2 times, which is less than half of the benchmark (100 times). A small number of trading is an indicator of trading efficiency. In addition, the experiment proved that the trading performance was significantly higher than the benchmark.

A Study on the Verification of water level criteria for forecasting system of reservoir failure (저수지 붕괴예보 시스템의 수위기준 검증 연구)

  • Lee, Baeg;Choi, Byounghan
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.23 no.3
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    • pp.51-55
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    • 2019
  • The loss of safety for reservoirs brought about by climate change and facility aging leads to reservoir failures, which results in the loss of lives and property damage in downstream areas. Therefore, it is necessary to provide a Reservoir Failure Forecasting System for downstream residents to detect the early signs of failure (with sensors) in real-time and perform safety management to prevent and minimize possible damage. For the verification of established water level management criteria, 10 water level data up to reservoir capacity was selected. Weight factor and trend line were applied to dramatic increase section of water level in the 1 year period data. The results shows that water level criteria based on three even parts shows less than 7% of standard deviation and it is appropriate to verify management criteria.

Development of Stochastic Real-Time Forecast System by Storage Function Method (저류함수법을 이용한 추계학적 실시간 홍수예측모형 개발)

  • Bae, Deok-Hyo
    • Journal of Korea Water Resources Association
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    • v.30 no.5
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    • pp.449-457
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    • 1997
  • This study attempts to develop a stochastic-dynamic real-time flow forecasting model for an event-orient watershed storage function model (SFM), which has been used as an official flood computation model in Korea, and to evaluate its performance for real-time flow forecast. The study area is the 747.5$\textrm{km}^2$ Hwecheon basin with outlet at Gaejin and the 8 single flow events during 1983-1986 are selected for comparison and verification of model parameter and model performance. The used model parameters in this study are the same values on field work. It is shown that results from the existing model highly depend on the events, but those from the developed model are stable and well predict the flows for the selected flood events. The coefficient of model efficiency between observed and predicted flows for the events was above 0.90. It is concluded that the developed model that can consider model and observation uncertainties during a flood event is feasible and produces reliable real-time flow forecasts on the area.

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Development of an Integrated Forecasting and Warning System for Abrupt Natural Disaster using rainfall prediction data and Ubiquitous Sensor Network(USN) (농촌지역 돌발재해 피해 경감을 위한 USN기반 통합예경보시스템 (ANSIM)의 개발)

  • Bae, Seung-Jong;Bae, Won-Gil;Bae, Yeon-Joung;Kim, Seong-Pil;Kim, Soo-Jin;Seo, Il-Hwan;Seo, Seung-Won
    • Journal of Korean Society of Rural Planning
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    • v.21 no.3
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    • pp.171-179
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    • 2015
  • The objectives of this research have been focussed on 1) developing prediction techniques for the flash flood and landslide based on rainfall prediction data in agricultural area and 2) developing an integrated forecasting system for the abrupt disasters using USN based real-time disaster sensing techniques. This study contains following steps to achieve the objective; 1) selecting rainfall prediction data, 2) constructing prediction techniques for flash flood and landslide, 3) developing USN and communication network protocol for detecting the abrupt disaster suitable for rural area, & 4) developing mobile application and SMS based early warning service system for local resident and tourist. Local prediction model (LDAPS, UM1.5km) supported by Korean meteorological administration was used for the rainfall prediction by considering spatial and temporal resolution. NRCS TR-20 and infinite slope stability analysis model were used to predict flash flood and landslide. There are limitations in terms of communication distance and cost using Zigbee and CDMA which have been used for existing disaster sensors. Rural suitable sensor-network module for water level and tilting gauge and gateway based on proprietary RF network were developed by consideration of low-cost, low-power, and long-distance for communication suitable for rural condition. SMS & mobile application forecasting & alarming system for local resident and tourist was set up for minimizing damage on the critical regions for abrupt disaster. The developed H/W & S/W for integrated abrupt disaster forecasting & alarming system was verified by field application.

A Study On Power Data Analysis And Risk Situation Prediction Using Smart Plug (스마트 플러그를 이용한 전력 데이터 분석 및 위험 상황 예측에 관한 연구)

  • Jung, Se Hoon;Kim, June Young;Park, Jun;Jang, Seung Min;Sim, Chun Bo
    • Journal of Korea Multimedia Society
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    • v.23 no.7
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    • pp.870-882
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    • 2020
  • It is that failure of equipment at the factory site causes personal injury and property damage. We are required a real-time monitoring and risk forecasting techniques to prevent for equipment failure. In this paper, we proposed a 3-phase smart plug and real-time monitoring system that can be used in factories, and collected environmental information and power information using a smart plug to analyze the data. In order to analyze the correlation between the risk situation and the collected data, we predicted the risk situation using Linear Regression, SVM, and ANN algorithms. As a result, the SVM and ANN algorithms obtained high predictive accuracy and developed a mobile app that could use it to check the risk forecast results.

Chemical Accidents Response Information System(CARIS) for the Response of Atmospheric Dispersion Accidents in association with Hazardous Chemicals (유해화학물질 관련 대기오염사고 대응을 위한 화학물질사고대응정보시스템 (CARIS))

  • Kim, Cheol-Hee;Park, C.J.;Park, J.H.;Im, C.S.;Kim, M.S.;Park, C.H.;Chun, K.S.;Na, J.G.
    • Journal of Environmental Impact Assessment
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    • v.12 no.1
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    • pp.23-34
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    • 2003
  • The emergency response modeling system CARIS has been developed at CCSM (Center for Chemical Safety Management), NIER (National Institute of Environmental Research) to track and predict dispersion of hazardous chemicals for the environmental decision support in case of accidents at chemical or petroleum companies in Korea. The main objective of CARIS is to support making decision by rapidly providing the key information on the efficient emergency response of hazardous chemical accidents for effective approaches to risk management. In particular, the integrated modeling system in CARIS consisting of a real-time numerical weather forecasting model and air pollution dispersion model is supplemented for the diffusion forecasts of hazardous chemicals, covering a wide range of scales and applications for atmospheric information. In this paper, we introduced the overview of components of CARIS and described the operational modeling system and its configurations of coupling/integration in CARIS. Some examples of the operational modeling system is presented and discussed for the real-time risk assessments of hazardous chemicals.

A Design of ATP Model Related eCRM (eCRM을 연계한 ATP 모델 구현에 관한 연구)

  • Yang Kwang-Mo;Park Jae-Hyun;Kang Kyong-Sik
    • Proceedings of the Society of Korea Industrial and System Engineering Conference
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    • 2002.05a
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    • pp.485-490
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    • 2002
  • Demands of customers are being changed and varied. And in this circumstance, it become a main issue of management that the company should produce and sell products according to the customer demands. With these trends, each company has been concentrating effects on generalization of product development technique and distinction of service for customer. To fulfill these demands of customer, they need a concept of eCRM(Web based Customer Relationship Management), and go from soiling products and services, or gathering customer requests, up to the phase of solving customer's problem by real time or previous action. With the help of internet, the frequency and speed of the problem solving has improved greatly. In the Supply chain, The ATP(Available to Promise) function doesn't only give customers to conformation of delivery. It can be used by the core function with ATP rule that can reconcile supplies and demands on the supply chain. Therefore We can be acquire the conformation about on the due date of supplier by using the ATP function of management about real and concurrent access on the supply chain, also decide the affect about product availability due to forecasting or customer's orders through the ATP. In this paper, It consolidates the necessity on a ATP and analyzes data which is concerned of ATP. Under the these environments, defines the ATP rule that can improve the customer value and data flow related the eCRM and builds on a algorithm.

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