• Journal of the Korean Operations Research and Management Science Society
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• v.38 no.1
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• pp.45-59
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• 2013

A long-term forecasting method for a new product in early stage of diffusion is proposed. The method includes a constrained non-linear least square estimation with the logistic diffusion model. The constraints would be critical market informations such as market potential, peak point, and take-off. Findings on 20 cases having almost full life cycle are that (i) combining any market information improves the forecasting accuracy, (ii) market potential is the most stable information, and (iii) peak point and take-off information have negative effect in case of overestimation.

• Journal of Korean Society of Water and Wastewater
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• v.28 no.4
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• pp.377-389
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• 2014

In recent years, Smart Water Grid (SWG) concept has globally emerged over the last decade and also gained significant recognition in South Korea. Especially, there has been growing interest in water demand forecast and this has led to various studies regarding energy saving and improvement of water supply reliability. In this regard, this study aims to develop a nonlinear ensemble model for hourly water demand forecasting which allow us to estimate uncertainties across different model classes. The concepts was demonstrated through application to observed from water plant (A) in the South Korea. Various statistics (e.g. the efficiency coefficient, the correlation coefficient, the root mean square error, and a maximum error rate) were evaluated to investigate model efficiency. The ensemble based model with an cross-validate prediction procedure showed better predictability for water demand forecasting at different temporal resolutions. In particular, the performance of the ensemble model on hourly water demand data showed promising results against other individual prediction schemes.

• Proceedings of the KIEE Conference
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• 2005.11b
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• pp.162-164
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• 2005

This paper presents an hour-ahead System Marginal Price (SMP) forecasting framework based on a neural network. Recently, the deregulation in power industries has impacted on the power system operational problems. The bidding strategy of market participants in energy market is highly dependent on the short-term price levels. Therefore, short-term SMP forecasting is a very important issue to market participants to maximize their profits. and to market operator who may wish to operate the electricity market in a stable sense. The proposed hybrid neural network is composed of tow parts. First part of this scheme is pattern classification to input data using Kohonen Self-Organizing Map (SOM) and the second part is SMP forecasting using back-propagation neural network that has three layers. This paper compares the forecasting results using classified input data and unclassified input data. The proposed technique is trained, validated and tested with historical date of Korea Power Exchange (KPX) in 2002.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.15 no.4
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• pp.1232-1245
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• 2021

In this study, prediction of product sales as they relate to changes in temperature is proposed. This model uses long short-term memory (LSTM), which has shown excellent performance for time series predictions. For verification of the proposed sales prediction model, the sales of short pants, flip-flop sandals, and winter outerwear are predicted based on changes in temperature and time series sales data for clothing products collected from 2015 to 2019 (a total of 1,865 days). The sales predictions using the proposed model show increases in the sale of shorts and flip-flops as the temperature rises (a pattern similar to actual sales), while the sale of winter outerwear increases as the temperature decreases.

• Water for future
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• v.14 no.2
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• pp.22-25
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• 1981

• Journal of Korea Water Resources Association
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• v.48 no.12
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• pp.995-1009
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• 2015

Weather radar rainfall data has been recognized for making valuable contributions to short-term flood forecasting and management over the past decades. There are several advantages to better monitoring rainfall in ungauged area compared to ground-based rain gauges with which spatial patterns of the rainfall are not effectively identified. Hence, this study aims to develop a new scheme to forecast spatio-temporal rainfall field. The proposed model was based on an advection scheme to track wind patterns and velocity. The results showd a promising forecasting skill with quantitative and qualitative measures. It was confirmed that the forecasted rainfall may be effectively used an input data for a distributed hydrological model.

• Proceedings of the Korea Water Resources Association Conference
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• 2021.06a
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• pp.136-136
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• 2021

In this study, a deep convolutional neural network (DCNN) model is proposed for short-term precipitation forecasting using weather radar-based images. The DCNN model is a combination of convolutional neural networks, autoencoder neural networks, and U-net architecture. The weather radar-based image data used here are retrieved from competition for rainfall forecasting in Korea (AI Contest for Rainfall Prediction of Hydroelectric Dam Using Public Data), organized by Dacon under the sponsorship of the Korean Water Resources Association in October 2020. This data is collected from rainy events during the rainy season (April - October) from 2010 to 2017. These images have undergone a preprocessing step to convert from weather radar data to grayscale image data before they are exploited for the competition. Accordingly, each of these gray images covers a spatial dimension of 120×120 pixels and has a corresponding temporal resolution of 10 minutes. Here, each pixel corresponds to a grid of size 4km×4km. The DCNN model is designed in this study to provide 10-minute predictive images in advance. Then, precipitation information can be obtained from these forecast images through empirical conversion formulas. Model performance is assessed by comparing the Score index, which is defined based on the ratio of MAE (mean absolute error) to CSI (critical success index) values. The competition results have demonstrated the impressive performance of the DCNN model, where the Score value is 0.530 compared to the best value from the competition of 0.500, ranking 16^th out of 463 participating teams. This study's findings exhibit the potential of applying the DCNN model to short-term rainfall prediction using weather radar-based images. As a result, this model can be applied to other areas with different spatiotemporal resolutions.

• Asia pacific journal of information systems
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• v.7 no.1
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• pp.67-83
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• 1997

The utility of learning techniques in investment analysis has been demonstrated in many areas, ranging from forecasting individual stocks to entire market indexes. To date, however, the application of artificial intelligence to financial forecasting has focused largely on short predictive horizons. Usually the forecast window is a single period ahead; if the input data involve daily observations, the forecast is for one day ahead; if monthly observations, then a month ahead; and so on. Thus far little work has been conducted on the efficacy of long-term prediction involving multiperiod forecasting. This paper examines the impact of alternative procedures for extended prediction using knowledge discovery techniques. One dimension in the study involves temporal granularity: a single jump from the present period to the end of the forecast window versus a web of short-term forecasts involving a sequence of single-period predictions. Another parameter relates to the numerosity of input variables: a technical approach involving only lagged observations of the target variable versus a fundamental approach involving multiple variables. The dual possibilities along each of the granularity and numerosity dimensions entail a total of 4 models. These models are first evaluated using neural networks, then compared against a multi-input jump model using case based reasoning. The computational models are examined in the context of forecasting the S&P 500 index.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.21 no.10
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• pp.126-133
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• 2007

This paper proposes information technology based data mining to forecast short term power demand. A time-series analyses have been applied to power demand forecasting, but this method needs not only heavy computational calculation but also large amount of coefficient data. Therefore, it is hard to analyze data in fast way. To overcome time consuming process, the author take advantage of universally easily available information technology based data-mining technique to analyze patterns of days and special days(holidays, etc.). This technique consists of two steps, one is constructing decision tree, the other is estimating and forecasting power flow using decision tree analysis. To validate the efficiency, the author compares the estimated demand with real demand from the Korea Power Exchange.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.19 no.7
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• pp.20-25
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• 2005

In this paper, the short-term load forecasting of transformers is performed by artificial neural networks. Input parameters of the proposed algorithm are peak loads of pole-transformer of previous days and their maximum and minimum temperatures. The proposed algorithm is tested for one of transformers in Seoul, Korea. Test results show that the proposed algorithm improves the accuracy of the load forecasting of transformer compared with the conventional algorithm. The reposed algorithm can help to prevent some damages by over-loads of transformers.