• 한국산업융합학회 논문집
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• 제26권4_2호
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• pp.715-724
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• 2023

Solar energy forecasting is essential for (1) power system planning, management, and operation, requiring accurate predictions. It is crucial for (2) ensuring a continuous and sustainable power supply to customers and (3) optimizing the operation and control of renewable energy systems and the electricity market. Recently, research has been focusing on developing solar energy forecasting models that can provide daily plans for power usage and production and be verified in the electricity market. In these prediction models, various data, including solar energy generation and climate data, are chosen to be utilized in the forecasting process. The most commonly used climate data (such as temperature, relative humidity, precipitation, solar radiation, and wind speed) significantly influence the fluctuations in solar energy generation based on weather conditions. Therefore, this paper proposes a hybrid forecasting model by combining the strengths of the Prophet model and the GRU model, which exhibits excellent predictive performance. The forecasting periods for solar energy generation are tested in short-term (2 days, 7 days) and medium-term (15 days, 30 days) scenarios. The experimental results demonstrate that the proposed approach outperforms the conventional Prophet model by more than twice in terms of Root Mean Square Error (RMSE) and surpasses the modified GRU model by more than 1.5 times, showcasing superior performance.

• Communications for Statistical Applications and Methods
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• 제28권5호
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• pp.521-536
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• 2021

As life expectancies increase continuously over the world, the accuracy of forecasting mortality is more and more important to maintain social systems in the aging era. Currently, the most popular model used is the Lee-Carter model but various studies have been conducted to improve this model with one of them being 6-parametric factor model (6-PFM) which is introduced in this paper. To this new model, long short-term memory (LSTM) and regularized LSTM are applied in addition to vector autoregression (VAR), which is a traditional time-series method. Forecasting accuracies of several models, including the LC model, 4-PFM, 5-PFM, and 3 6-PFM's, are compared by using the U.S. and Korea life-tables. The results show that 6-PFM forecasts better than the other models (LC model, 4-PFM, and 5-PFM). Among the three 6-PFMs studied, regularized LSTM performs better than the other two methods for most of the tests.

• 전기학회논문지
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• 제62권4호
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• pp.482-488
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• 2013

Load forecasting is essential to the economical and the stable power system operations. In general, the forecasting days can be classified into weekdays, weekends, special days and special light-load periods in short-term load forecast. Special light-load periods are the consecutive holidays such as Lunar New Years holidays, Korean Thanksgiving holidays and summer special light-load period. For the weekdays and the weekends forecast, the conventional methods based on the statistics are mainly used and show excellent results for the most part. The forecast algorithms for special days yield good results also but its forecast error is relatively high than the results of the weekdays and the weekends forecast methods. For summer special light-load period, none of the previous studies have been performed ever before so if the conventional methods are applied to this period, forecasting errors of the conventional methods are considerably high. Therefore, short-term load forecast for summer special light-load period have mainly relied on the experience of power system operation experts. In this study, the trends of load profiles during summer special light-load period are classified into three patterns and new forecast algorithms for each pattern are suggested. The proposed method was tested with the last ten years' summer special light-load periods. The simulation results show the excellent average forecast error near 2%.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2001년도 춘계학술대회 논문집 전력기술부문
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• pp.230-232
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• 2001

This paper presents a model for short-term load forecasting using multiple time-series. We made one-hour ahead load forecasting without classifying load data according to daily load patterns(e.g. weekday. weekend and holiday) To verify its effectiveness. the results are compared with those of neuro-fuzzy forecasting model(5). The results show that the proposed model has more accurate estimate in forecasting.

• Journal of Electrical Engineering and Technology
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• 제5권3호
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• pp.363-370
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• 2010

Load forecasting has always been essential to the operation and planning of power systems in deregulated electricity markets. Various methods have been proposed for load forecasting, and the neural network is one of the most widely accepted and used techniques. However, to obtain more accurate results, more information is needed as input variables, resulting in huge computational costs in the learning process. In this paper, to reduce training time in multi-layer perceptron-based short-term load forecasting, a graphics processing unit (GPU)-based computing method is introduced. The proposed approach is tested using the Korea electricity market historical demand data set. Results show that GPU-based computing greatly reduces computational costs.

• 한국농공학회지
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• 제45권2호
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• pp.45-57
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• 2003

An artificial neural network model was developed to analyze and forecast Short-term river runoff from the Naju watershed, in Korea. Error back propagation neural networks (EBPN) of hourly rainfall and runoff data were found to have a high performance In forecasting runoff. The number of hidden nodes were optimized using total error and Bayesian information criterion. Model forecasts are very accurate (i.e., relative error is less than 3% and $R^2$is greater than 0.99) for calibration and verification data sets. Increasing the time horizon for application data sets, thus mating the model suitable for flood forecasting. decreases the accuracy of the model. The resulting optimal EBPN models for forecasting hourly runoff consists of ten rainfall and four runoff data(ANN0410 model) and ten rainfall and ten runoff data(ANN1010 model). Performances of the ANN0410 and ANN1010 models remain satisfactory up to 6 hours (i.e., $R^2$is greater than 0.92).

• 제어로봇시스템학회:학술대회논문집
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• 제어로봇시스템학회 2005년도 ICCAS
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• pp.271-274
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• 2005

Under competitive power markets, various long-term and short-term contracts based on spot price are used by producers and consumers. So an accurate forecasting for spot price allow market participants to develop bidding strategies in order to maximize their benefit. Artificial Neural Network is a powerful method in forecasting problem. In this paper we used Radial Basis Function(RBF) network to forecast spot price. To learn ANN, in addition to price history, we used some other effective inputs such as load level, fuel price, generation and transmission facilities situation. Results indicate that this forecasting method is accurate and useful.

• International Journal of Computer Science & Network Security
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• 제21권2호
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• pp.77-87
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• 2021

In this study, a novel improved second order Radial Basis Function Neural Network based method with excellent scheduling capabilities is used for the dynamic prediction of short and long-term energy required applications. The effectiveness and the reliability of the algorithm are evaluated using training operations with New England-ISO database. The dynamic prediction algorithm is implemented in Matlab and the computation of mean absolute error and mean absolute percent error, and training time for the forecasted load, are determined. The results show the impact of temperature and other input parameters on the accuracy of solar Photovoltaic load forecasting. The mean absolute percent error is found to be between 1% to 3% and the training time is evaluated from 3s to 10s. The results are also compared with the previous studies, which show that this new method predicts short and long-term load better than sigmoidal neural network and bagged regression trees. The forecasted energy is found to be the nearest to the correct values as given by England ISO database, which shows that the method can be used reliably for short and long-term load forecasting of any electrical system.

• 산업경영시스템학회지
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• 제39권1호
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• pp.25-30
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• 2016

It is critical to forecast the maximum daily and monthly demand for power with as little error as possible for our industry and national economy. In general, long-term forecasting of power demand has been studied from both the consumer's perspective and an econometrics model in the form of a generalized linear model with predictors. Time series techniques are used for short-term forecasting with no predictors as predictors must be predicted prior to forecasting response variables and containing estimation errors during this process is inevitable. In previous researches, seasonal exponential smoothing method, SARMA (Seasonal Auto Regressive Moving Average) with consideration to weekly pattern Neuron-Fuzzy model, SVR (Support Vector Regression) model with predictors explored through machine learning, and K-means clustering technique in the various approaches have been applied to short-term power supply forecasting. In this paper, SARMA and intervention model are fitted to forecast the maximum power load daily, weekly, and monthly by using the empirical data from 2011 through 2013. $ARMA(2,\;1,\;2)(1,\;1,\;1)_7$ and $ARMA(0,\;1,\;1)(1,\;1,\;0)_{12}$ are fitted respectively to the daily and monthly power demand, but the weekly power demand is not fitted by AREA because of unit root series. In our fitted intervention model, the factors of long holidays, summer and winter are significant in the form of indicator function. The SARMA with MAPE (Mean Absolute Percentage Error) of 2.45% and intervention model with MAPE of 2.44% are more efficient than the present seasonal exponential smoothing with MAPE of about 4%. Although the dynamic repression model with the predictors of humidity, temperature, and seasonal dummies was applied to foretaste the daily power demand, it lead to a high MAPE of 3.5% even though it has estimation error of predictors.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2008년도 추계학술대회 논문집 전력기술부문
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• pp.83-85
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• 2008

The authors develop and compare the performance of short-term forecasting models on electricity market prices in Korea. The models are based on time-series methods. The outcome shows that the EGARCH model has the best results in the out-of-sample forecasts.