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

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Deep Learning Based Short-Term Electric Load Forecasting Models using One-Hot Encoding (원-핫 인코딩을 이용한 딥러닝 단기 전력수요 예측모델)

  • Kim, Kwang Ho;Chang, Byunghoon;Choi, Hwang Kyu
    • Journal of IKEEE
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    • v.23 no.3
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    • pp.852-857
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    • 2019
  • In order to manage the demand resources of project participants and to provide appropriate strategies in the virtual power plant's power trading platform for consumers or operators who want to participate in the distributed resource collective trading market, it is very important to forecast the next day's demand of individual participants and the overall system's electricity demand. This paper developed a power demand forecasting model for the next day. For the model, we used LSTM algorithm of deep learning technique in consideration of time series characteristics of power demand forecasting data, and new scheme is applied by applying one-hot encoding method to input/output values such as power demand. In the performance evaluation for comparing the general DNN with our LSTM forecasting model, both model showed 4.50 and 1.89 of root mean square error, respectively, and our LSTM model showed high prediction accuracy.

Short-Term Water Demand Forecasting Algorithm Using AR Model and MLP (AR모델과 MLP를 이용한 단기 물 수요 예측 알고리즘 개발)

  • Choi, Gee-Seon;Yu, Chool;Jin, Ryuk-Min;Yu, Seong-Keun;Chun, Myung-Geun
    • Journal of the Korean Institute of Intelligent Systems
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    • v.19 no.5
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    • pp.713-719
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    • 2009
  • In this paper, we develope a water demand forecasting algorithm using AR(Auto-regressive) and MLP(Multi-layer perceptron). To show effectiveness of the proposed method, we analyzed characteristics of time-series data collected in "A" purification plant at Jeon-Buk province during 2007-2008, and then performed the proposed method with various input factors selected through various analyses. As noted in experimental results, the performance of three types model such as multi-regressive, AR(Auto-regressive), and AR+MLP(Auto-regressive + Multi-layer perceptron) show 5.1%, 3.8%, and 3.6% with respect to MAPE(Mean Absolute Percentage Error), respectively. Thus, it is noted that the proposed method can be used to predict short-term water demand for the efficient operation of a water purification plant.

Development of Heat Demand Forecasting Model using Deep Learning (딥러닝을 이용한 열 수요예측 모델 개발)

  • Seo, Han-Seok;Shin, KwangSup
    • The Journal of Bigdata
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    • v.3 no.2
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    • pp.59-70
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    • 2018
  • In order to provide stable district heat supplying service to the certain limited residential area, it is the most important to forecast the short-term future demand more accurately and produce and supply heat in efficient way. However, it is very difficult to develop a universal heat demand forecasting model that can be applied to general situations because the factors affecting the heat consumption are very diverse and the consumption patterns are changed according to individual consumers and regional characteristics. In particular, considering all of the various variables that can affect heat demand does not help improve performance in terms of accuracy and versatility. Therefore, this study aims to develop a demand forecasting model using deep learning based on only limited information that can be acquired in real time. A demand forecasting model was developed by learning the artificial neural network of the Tensorflow using past data consisting only of the outdoor temperature of the area and date as input variables. The performance of the proposed model was evaluated by comparing the accuracy of demand predicted with the previous regression model. The proposed heat demand forecasting model in this research showed that it is possible to enhance the accuracy using only limited variables which can be secured in real time. For the demand forecasting in a certain region, the proposed model can be customized by adding some features which can reflect the regional characteristics.

Prediction for Energy Demand Using 1D-CNN and Bidirectional LSTM in Internet of Energy (에너지인터넷에서 1D-CNN과 양방향 LSTM을 이용한 에너지 수요예측)

  • Jung, Ho Cheul;Sun, Young Ghyu;Lee, Donggu;Kim, Soo Hyun;Hwang, Yu Min;Sim, Issac;Oh, Sang Keun;Song, Seung-Ho;Kim, Jin Young
    • Journal of IKEEE
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    • v.23 no.1
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    • pp.134-142
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    • 2019
  • As the development of internet of energy (IoE) technologies and spread of various electronic devices have diversified patterns of energy consumption, the reliability of demand prediction has decreased, causing problems in optimization of power generation and stabilization of power supply. In this study, we propose a deep learning method, 1-Dimention-Convolution and Bidirectional Long Short-Term Memory (1D-ConvBLSTM), that combines a convolution neural network (CNN) and a Bidirectional Long Short-Term Memory(BLSTM) for highly reliable demand forecasting by effectively extracting the energy consumption pattern. In experimental results, the demand is predicted with the proposed deep learning method for various number of learning iterations and feature maps, and it is verified that the test data is predicted with a small number of iterations.

Forecasting of Iron Ore Prices using Machine Learning (머신러닝을 이용한 철광석 가격 예측에 대한 연구)

  • Lee, Woo Chang;Kim, Yang Sok;Kim, Jung Min;Lee, Choong Kwon
    • Journal of Korea Society of Industrial Information Systems
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    • v.25 no.2
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    • pp.57-72
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    • 2020
  • The price of iron ore has continued to fluctuate with high demand and supply from many countries and companies. In this business environment, forecasting the price of iron ore has become important. This study developed the machine learning model forecasting the price of iron ore a one month after the trading events. The forecasting model used distributed lag model and deep learning models such as MLP (Multi-layer perceptron), RNN (Recurrent neural network) and LSTM (Long short-term memory). According to the results of comparing individual models through metrics, LSTM showed the lowest predictive error. Also, as a result of comparing the models using the ensemble technique, the distributed lag and LSTM ensemble model showed the lowest prediction.

Development of Long-Term Electricity Demand Forecasting Model using Sliding Period Learning and Characteristics of Major Districts (주요 지역별 특성과 이동 기간 학습 기법을 활용한 장기 전력수요 예측 모형 개발)

  • Gong, InTaek;Jeong, Dabeen;Bak, Sang-A;Song, Sanghwa;Shin, KwangSup
    • The Journal of Bigdata
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    • v.4 no.1
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    • pp.63-72
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    • 2019
  • For power energy, optimal generation and distribution plans based on accurate demand forecasts are necessary because it is not recoverable after they have been delivered to users through power generation and transmission processes. Failure to predict power demand can cause various social and economic problems, such as a massive power outage in September 2011. In previous studies on forecasting power demand, ARIMA, neural network models, and other methods were developed. However, limitations such as the use of the national average ambient air temperature and the application of uniform criteria to distinguish seasonality are causing distortion of data or performance degradation of the predictive model. In order to improve the performance of the power demand prediction model, we divided Korea into five major regions, and the power demand prediction model of the linear regression model and the neural network model were developed, reflecting seasonal characteristics through regional characteristics and migration period learning techniques. With the proposed approach, it seems possible to forecast the future demand in short term as well as in long term. Also, it is possible to consider various events and exceptional cases during a certain period.

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Forecasting of Rental Demand for Public Bicycles Using a Deep Learning Model (딥러닝 모형을 활용한 공공자전거 대여량 예측에 관한 연구)

  • Cho, Keun-min;Lee, Sang-Soo;Nam, Doohee
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.19 no.3
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    • pp.28-37
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    • 2020
  • This study developed a deep learning model that predicts rental demand for public bicycles. For this, public bicycle rental data, weather data, and subway usage data were collected. After building an exponential smoothing model, ARIMA model and LSTM-based deep learning model, forecasting errors were compared and evaluated using MSE and MAE evaluation indicators. Based on the analysis results, MSE 348.74 and MAE 14.15 were calculated using the exponential smoothing model. The ARIMA model produced MSE 170.10 and MAE 9.30 values. In addition, MSE 120.22 and MAE 6.76 values were calculated using the deep learning model. Compared to the value of the exponential smoothing model, the MSE of the ARIMA model decreased by 51% and the MAE by 34%. In addition, the MSE of the deep learning model decreased by 66% and the MAE by 52%, which was found to have the least error in the deep learning model. These results show that the prediction error in public bicycle rental demand forecasting can be greatly reduced by applying the deep learning model.

Data mining analysis for short-term water demand forecasting (물 수요예측을 위한 데이터 마이닝 기법 분석)

  • Shin, Gang-Wook;Hong, Sung-Taek
    • Proceedings of the KIEE Conference
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    • 2009.07a
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    • pp.1771_1772
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    • 2009
  • 본 연구에서는 안정적인 물 공급과 에너지의 효율적 사용을 위한 단기 물 수요예측에 대하여 데이터 마이닝 기법의 적용성을 검토하고자 한다. 물 공급이 이루어진 요일과 특이일에 대한 시계열 분석을 통한 단기 물 수요예측과 데이터 마이닝 기법을 적용한 결과를 상호 비교하여 데이터 마이닝 기법의 적용성을 제시하고자 한다. 이를 통하여 단기 물 수요예측알고리즘의 실용화 가능성을 높일 뿐만 아니라 실시간 예측을 위한 기초 데이터 마이닝 체계를 구축하고자 한다.

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Short-term load forscasting using general exponential smoonthing (지수평활을 이용한 단기부하 예측)

  • Koh, Hee-Soog;Lee, Chung-Sig;Chong, Hyong-Hwan;Lee, Tae-Gi
    • Proceedings of the KIEE Conference
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    • 1993.07a
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    • pp.29-32
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    • 1993
  • A technique computing short-term load foadcasting is essential for monitoring and controlling power system operation. This paper shows the use of general exponential smoothing to develop an adaptive forecasting system based on observed value of hourly demand. Forecasts of hourly load with lead times of one to twenty-four hours are computed at hourly intervals throughout the week. Standard error for lead times of one to twenty-four hour range from three to four percent average load. Studies are planned to investigate the use of weather influence to increase forecast accuracy.

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Prediction Oil and Gas Throughput Using Deep Learning

  • Sangseop Lim
    • Journal of the Korea Society of Computer and Information
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    • v.28 no.5
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    • pp.155-161
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    • 2023
  • 97.5% of our country's exports and 87.2% of imports are transported by sea, making ports an important component of the Korean economy. To efficiently operate these ports, it is necessary to improve the short-term prediction of port water volume through scientific research methods. Previous research has mainly focused on long-term prediction for large-scale infrastructure investment and has largely concentrated on container port water volume. In this study, short-term predictions for petroleum and liquefied gas cargo water volume were performed for Ulsan Port, one of the representative petroleum ports in Korea, and the prediction performance was confirmed using the deep learning model LSTM (Long Short Term Memory). The results of this study are expected to provide evidence for improving the efficiency of port operations by increasing the accuracy of demand predictions for petroleum and liquefied gas cargo water volume. Additionally, the possibility of using LSTM for predicting not only container port water volume but also petroleum and liquefied gas cargo water volume was confirmed, and it is expected to be applicable to future generalized studies through further research.