• Title/Summary/Keyword: Short-term demand forecasting

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Development of Basin-wide runoff Analysis Model for Integrated Real-time Water Management (실시간 물 관리 운영을 위한 유역 유출 모의 모형 개발)

  • Hwang, Man-Ha;Maeng, Sung-Jin;Ko, Ick-Hwan;Park, Jeong-In;Ryoo, So-Ra
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 2003.10a
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    • pp.507-510
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    • 2003
  • The development of a basin-wide runoff analysis model is to analysis monthly and daily hydrologic runoff components including surface runoff, subsurface runoff, return flow, etc. at key operation station in the targeted basin. A short-term water demand forecasting technology will be developed taking into account the patterns of municipal, industrial and agricultural water uses. For the development and utilization of runoff analysis model, relevant basin information including historical precipitation and river water stage data, geophysical basin characteristics, and water intake and consumptions needs to be collected and stored into the hydrologic database of Integrated Real-time Water Information System. The well-known SSARR model was selected for the basis of continuous daily runoff model for forecasting short and long-term natural flows.

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Locational Marginal Price Forecasting Using Artificial Neural Network (역전파 신경회로망 기반의 단기시장가격 예측)

  • Song Byoung Sun;Lee Jeong Kyu;Park Jong Bae;Shin Joong Rin
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.698-700
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    • 2004
  • Electric power restructuring offers a major change to the vertically integrated utility monopoly. Deregulation has had a great impact on the electric power industry in various countries. Bidding competition is one of the main transaction approaches after deregulation. The energy trading levels between market participants is largely dependent on the short-term price forecasts. This paper presents the short-term System Marginal Price (SMP) forecasting implementation using backpropagation Neural Network in competitive electricity market. Demand and SMP that supplied from Korea Power Exchange (KPX) are used by a input data and then predict SMP. It needs to analysis the input data for accurate prediction.

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Supramax Bulk Carrier Market Forecasting with Technical Indicators and Neural Networks

  • Lim, Sang-Seop;Yun, Hee-Sung
    • Journal of Navigation and Port Research
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    • v.42 no.5
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    • pp.341-346
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    • 2018
  • Supramax bulk carriers cover a wide range of ocean transportation requirements, from major to minor bulk cargoes. Market forecasting for this segment has posed a challenge to researchers, due to complexity involved, on the demand side of the forecasting model. This paper addresses this issue by using technical indicators as input features, instead of complicated supply-demand variables. Artificial neural networks (ANN), one of the most popular machine-learning tools, were used to replace classical time-series models. Results revealed that ANN outperformed the benchmark binomial logistic regression model, and predicted direction of the spot market with more than 70% accuracy. Results obtained in this paper, can enable chartering desks to make better short-term chartering decisions.

Real-time Energy Demand Prediction Method Using Weather Forecasting Data and Solar Model (기상 예보 데이터와 일사 예측 모델식을 활용한 실시간 에너지 수요예측)

  • Kwak, Young-Hoon;Cheon, Se-Hwan;Jang, Cheol-Yong;Huh, Jung-Ho
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.25 no.6
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    • pp.310-316
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    • 2013
  • This study was designed to investigate a method for short-term, real-time energy demand prediction, to cope with changing loads for the effective operation and management of buildings. Through a case study, a novel methodology for real-time energy demand prediction with the use of weather forecasting data was suggested. To perform the input and output operations of weather data, and to calculate solar radiation and EnergyPlus, the BCVTB (Building Control Virtual Test Bed) was designed. Through the BCVTB, energy demand prediction for the next 24 hours was carried out, based on 4 real-time weather data and 2 solar radiation calculations. The weather parameters used in a model equation to calculate solar radiation were sourced from the weather data of the KMA (Korea Meteorological Administration). Depending on the local weather forecast data, the results showed their corresponding predicted values. Thus, this methodology was successfully applicable to anywhere that local weather forecast data is available.

Comparison of Power Consumption Prediction Scheme Based on Artificial Intelligence (인공지능 기반 전력량예측 기법의 비교)

  • Lee, Dong-Gu;Sun, Young-Ghyu;Kim, Soo-Hyun;Sim, Issac;Hwang, Yu-Min;Kim, Jin-Young
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.19 no.4
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    • pp.161-167
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    • 2019
  • Recently, demand forecasting techniques have been actively studied due to interest in stable power supply with surging power demand, and increase in spread of smart meters that enable real-time power measurement. In this study, we proceeded the deep learning prediction model experiments which learns actual measured power usage data of home and outputs the forecasting result. And we proceeded pre-processing with moving average method. The predicted value made by the model is evaluated with the actual measured data. Through this forecasting, it is possible to lower the power supply reserve ratio and reduce the waste of the unused power. In this paper, we conducted experiments on three types of networks: Multi Layer Perceptron (MLP), Recurrent Neural Network (RNN), and Long Short Term Memory (LSTM) and we evaluate the results of each scheme. Evaluation is conducted with following method: MSE(Mean Squared Error) method and MAE(Mean Absolute Error).

Short-term demand forecasting method at both direction power exchange which uses a data mining (데이터 마이닝을 이용한 양방향 전력거래상의 단기수요예측기법)

  • Kim Hyoung Joong;Lee Jong Soo;Shin Myong Chul;Choi Sang Yeoul
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.722-724
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    • 2004
  • Demand estimates in electric power systems have traditionally consisted of time-series analyses over long time periods. The resulting database consisted of huge amounts of data that were then analyzed to create the various coefficients used to forecast power demand. In this research, we take advantage of universally used analysis techniques analysis, but we also use easily available data-mining techniques to analyze patterns of days and special days(holidays, etc.). We then present a new method for estimating and forecasting power flow using decision tree analysis. And because analyzing the relationship between the estimate and power system ceiling Trices currently set by the Korea Power Exchange. We included power system ceiling prices in our estimate coefficients and estimate method.

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Short-term Peak Power Demand Forecasting using Model in Consideration of Weather Variable (기상 변수를 고려한 모델에 의한 단기 최대전력수요예측)

  • 고희석;이충식;최종규;지봉호
    • Journal of the Institute of Convergence Signal Processing
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    • v.2 no.3
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    • pp.73-78
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    • 2001
  • BP neural network model and multiple-regression model were composed for forecasting the special-days load. Special-days load was forecasted using that neural network model made use of pattern conversion ratio and multiple-regression made use of weekday-change ratio. This methods identified the suitable as that special-days load of short and long term was forecasted with the weekly average percentage error of 1∼2[%] in the weekly peak load forecasting model using pattern conversion ratio. But this methods were hard with special-days load forecasting of summertime. therefore it was forecasted with the multiple-regression models. This models were used to the weekday-change ratio, and the temperature-humidity and discomfort-index as explanatory variable. This methods identified the suitable as that compared forecasting result of weekday load with forecasting result of special-days load because months average percentage error was alike. And, the fit of the presented forecast models using statistical tests had been proved. Big difficult problem of peak load forecasting had been solved that because identified the fit of the methods of special-days load forecasting in the paper presented.

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A Study on the Air Travel Demand Forecasting using time series ARIMA-Intervention Model (ARIMA-Intervention 시계열모형을 활용한 제주 국내선 항공여객수요 추정)

  • Kim, Min-Su;Kim, Kee-Woong;Park, Sung-Sik
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.20 no.1
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    • pp.66-75
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    • 2012
  • The purpose of this study is to analyze the effect of intervention variables which may affect the air travel demand for Jeju domestic flights and to anticipate the air travel demand for Jeju domestic flights. The air travel demand forecasts for Jeju domestic flights are conducted through ARIMA-Intervention Model selecting five intervention variables such as 2002 World Cup games, SARS, novel swine-origin influenza A, Yeonpyeongdo bombardment and Japan big earthquake. The result revealed that the risk factor such as the threat of war that is a negative intervention incident and occurred in Korea has the negative impact on the air travel demand due to the response of risk aversion by users. However, when local natural disasters (earthquakes, etc) occurring in neighboring courtiers and global outbreak of an epidemic gave the negligible impact to Korea, negative intervention incident would have a positive impact on air travel demand as a response to find alternative due to rational expectation of air travel customers. Also we realize that a mega-event such as the 2002 Korea-Japan World Cup games reduced the air travel demand in a short-term period unlike the perception in which it will increase the air travel demand and travel demands in the corresponding area.

Monthly Hanwoo supply and forecasting models

  • Hyungwoo, Lee;Seonu, Ji;Tongjoo, Suh
    • Korean Journal of Agricultural Science
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    • v.48 no.4
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    • pp.797-806
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    • 2021
  • As the number of scaled-up ranches increased and agile responses to market changes became possible, decision-making by Hanwoo cattle farms also began to affect short-term shipments. Considering the changing environment of the Hanwoo supply market and the response speed of producers, it is necessary quickly to grasp the forecast ahead of time and to respond accordingly in an effort to stabilize supply and demand in the Hanwoo market. In this study, short-term forecasting model centered on the supply of Hanwoo was established. The analysis conducted here indicates that the slaughter of Hanwoo males increases by 0.248 as the number of beef cattle raised over 29 months of age in the previous month increases by one, and 0.764 Hanwoo females were slaughtered under average conditions for every Hanwoo male slaughtered. With regard to time, the slaughtering of Hanwoo was higher in January and August, which are months known for holiday food preparation activities for the New Year and Chuseok in Korea, respectively. Simulations indicated that errors were within 10% in all simulations performed through the Hanwoo supply model. Accordingly, it is considered that the estimation results from the supply model devised in this study are reliable and that the model has good structural stability.

Frequency Forecasting Model for Next Wireless Multimedia Services (멀티미디어 이동통신서비스를 위한 주파수 수요예측 모형)

  • Jang, Hee-Seon;Han, Sung-Su;Yeo, Jae-Hyun;Choi, Sung-Ho
    • IE interfaces
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    • v.18 no.3
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    • pp.333-342
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    • 2005
  • In this paper, we propose an efficient forecasting methodology of the mid and long-term frequency demand in Korea. The methodology consists of the following three steps: classification of basic service group, calculation of effective traffic, and frequency forecasting. Based on the previous studies, we classify the services into wide area mobile, short range radio, fixed wireless access and digital video broadcasting in the step of the classification of basic service group. For the calculation of effective traffic, we use the measures of erlang and bps. The step of the calculation of effective traffic classifies the user and basic application, and evaluates the effective traffic. Finally, in the step of frequency forecasting, different methodology will be proposed for each service group and its applications are presented.