• Title/Summary/Keyword: Technology Forecast

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A Study of Damage District Forecast by Imaginary Tsunami Scenario (가상 지진해일 시나리오에 의한 피해지역 예측에 관한 연구)

  • Um, Dae-Yong
    • Journal of the Korean Association of Geographic Information Studies
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    • v.11 no.1
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    • pp.105-115
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    • 2008
  • In this study, we wished to forecast the damage district by tsunami's occurrence. For this, we analyzed tsunami that can happen in our country's neighborhood coast using past data, and established tsunami's scenario by imagination with analysis result. we created a 3D topographical model about study area and analyzed an inundation area by achieving simulation by scenario. Also, we produced an imaginary inundation map by overlaying the simulation results on digital map. This study result might be utilized as infra-technology for operation of tsunami's forecast/alarm system and establishment of disaster prevention policy.

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Analysis of LNG Perspectives for EERS (EERS시행을 위한 천연가스 에너지절감 추이분석)

  • Kim, Yong-Ha;Woo, Sung-Min;Park, Hwa-Young;Kim, Euy-Kyung;Yoo, Jeong-Hee
    • Journal of Energy Engineering
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    • v.23 no.3
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    • pp.7-12
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    • 2014
  • This paper suggest mandatory target predestinator of natural gas wholesale and retail provider will set appropriate target. To analysis natural gas energy saving trend forecast, reduce natural gas forecast and using technology and forecast analysis for equipment is draw based on result of developing tool that more detailed gas field. Also this paper calculate effect on energy saving through various scenarios, efficiency consideration of gas equipment and subsidy condition.

A New Approach to Short-term Price Forecast Strategy with an Artificial Neural Network Approach: Application to the Nord Pool

  • Kim, Mun-Kyeom
    • Journal of Electrical Engineering and Technology
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    • v.10 no.4
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    • pp.1480-1491
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    • 2015
  • In new deregulated electricity market, short-term price forecasting is key information for all market players. A better forecast of market-clearing price (MCP) helps market participants to strategically set up their bidding strategies for energy markets in the short-term. This paper presents a new prediction strategy to improve the need for more accurate short-term price forecasting tool at spot market using an artificial neural networks (ANNs). To build the forecasting ANN model, a three-layered feedforward neural network trained by the improved Levenberg-marquardt (LM) algorithm is used to forecast the locational marginal prices (LMPs). To accurately predict LMPs, actual power generation and load are considered as the input sets, and then the difference is used to predict price differences in the spot market. The proposed ANN model generalizes the relationship between the LMP in each area and the unconstrained MCP during the same period of time. The LMP calculation is iterated so that the capacity between the areas is maximized and the mechanism itself helps to relieve grid congestion. The addition of flow between the areas gives the LMPs a new equilibrium point, which is balanced when taking the transfer capacity into account, LMP forecasting is then possible. The proposed forecasting strategy is tested on the spot market of the Nord Pool. The validity, the efficiency, and effectiveness of the proposed approach are shown by comparing with time-series models

The Effect of Analysts' Earnings Forecasts Following Dividend Announcements on Stock Returns (배당공시이후 애널리스트 이익추정치 발표가 주가에 미치는영향)

  • Hong, Chun-Uk;Lee, Seong-Hyo;Kim, Kyung-Ihl
    • Journal of Convergence for Information Technology
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    • v.7 no.3
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    • pp.105-109
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    • 2017
  • This paper examines the effect of the analysts' earnings forecast revisions on stock price after the dividend announcement of the firms has been released. We show that the analysts' upward revisions on earnings forecasts are followed by the positive cumulative abnormal return. We also investigate the signalling effect and the confirmation effect with respect to the effect of the dividend announcement and the earnings forecast revisions on stock price. The test results show that the confirmation effect is stronger than the signalling effect. That is, the investors react only when the analysts' forecasts coincide with the preceding dividend announcement.

A Study on Forecast of Oyster Production using Time Series Models (시계열모형을 이용한 굴 생산량 예측 가능성에 관한 연구)

  • Nam, Jong-Oh;Noh, Seung-Guk
    • Ocean and Polar Research
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    • v.34 no.2
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    • pp.185-195
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    • 2012
  • This paper focused on forecasting a short-term production of oysters, which have been farmed in Korea, with distinct periodicity of production by year, and different production level by month. To forecast a short-term oyster production, this paper uses monthly data (260 observations) from January 1990 to August 2011, and also adopts several econometrics methods, such as Multiple Regression Analysis Model (MRAM), Seasonal Autoregressive Integrated Moving Average (SARIMA) Model, and Vector Error Correction Model (VECM). As a result, first, the amount of short-term oyster production forecasted by the multiple regression analysis model was 1,337 ton with prediction error of 246 ton. Secondly, the amount of oyster production of the SARIMA I and II models was forecasted as 12,423 ton and 12,442 ton with prediction error of 11,404 ton and 11,423 ton, respectively. Thirdly, the amount of oyster production based on the VECM was estimated as 10,425 ton with prediction errors of 9,406 ton. In conclusion, based on Theil inequality coefficient criterion, short-term prediction of oyster by the VECM exhibited a better fit than ones by the SARIMA I and II models and Multiple Regression Analysis Model.

An Improved Photovoltaic System Output Prediction Model under Limited Weather Information

  • Park, Sung-Won;Son, Sung-Yong;Kim, Changseob;LEE, Kwang Y.;Hwang, Hye-Mi
    • Journal of Electrical Engineering and Technology
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    • v.13 no.5
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    • pp.1874-1885
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    • 2018
  • The customer side operation is getting more complex in a smart grid environment because of the adoption of renewable resources. In performing energy management planning or scheduling, it is essential to forecast non-controllable resources accurately and robustly. The PV system is one of the common renewable energy resources in customer side. Its output depends on weather and physical characteristics of the PV system. Thus, weather information is essential to predict the amount of PV system output. However, weather forecast usually does not include enough solar irradiation information. In this study, a PV system power output prediction model (PPM) under limited weather information is proposed. In the proposed model, meteorological radiation model (MRM) is used to improve cloud cover radiation model (CRM) to consider the seasonal effect of the target region. The results of the proposed model are compared to the result of the conventional CRM prediction method on the PV generation obtained from a field test site. With the PPM, root mean square error (RMSE), and mean absolute error (MAE) are improved by 23.43% and 33.76%, respectively, compared to CRM for all days; while in clear days, they are improved by 53.36% and 62.90%, respectively.

A Multiple Variable Regression-based Approaches to Long-term Electricity Demand Forecasting

  • Ngoc, Lan Dong Thi;Van, Khai Phan;Trang, Ngo-Thi-Thu;Choi, Gyoo Seok;Nguyen, Ha-Nam
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.59-65
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    • 2021
  • Electricity contributes to the development of the economy. Therefore, forecasting electricity demand plays an important role in the development of the electricity industry in particular and the economy in general. This study aims to provide a precise model for long-term electricity demand forecast in the residential sector by using three independent variables include: Population, Electricity price, Average annual income per capita; and the dependent variable is yearly electricity consumption. Based on the support of Multiple variable regression, the proposed method established a model with variables that relate to the forecast by ignoring variables that do not affect lead to forecasting errors. The proposed forecasting model was validated using historical data from Vietnam in the period 2013 and 2020. To illustrate the application of the proposed methodology, we presents a five-year demand forecast for the residential sector in Vietnam. When demand forecasts are performed using the predicted variables, the R square value measures model fit is up to 99.6% and overall accuracy (MAPE) of around 0.92% is obtained over the period 2018-2020. The proposed model indicates the population's impact on total national electricity demand.

Envisaging Macroeconomics Antecedent Effect on Stock Market Return in India

  • Sivarethinamohan, R;ASAAD, Zeravan Abdulmuhsen;MARANE, Bayar Mohamed Rasheed;Sujatha, S
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.311-324
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    • 2021
  • Investors have increasingly become interested in macroeconomic antecedents in order to better understand the investment environment and estimate the scope of profitable investment in equity markets. This study endeavors to examine the interdependency between the macroeconomic antecedents (international oil price (COP), Domestic gold price (GP), Rupee-dollar exchange rates (ER), Real interest rates (RIR), consumer price indices (CPI)), and the BSE Sensex and Nifty 50 index return. The data is converted into a natural logarithm for keeping it normal as well as for reducing the problem of heteroscedasticity. Monthly time series data from January 1992 to July 2019 is extracted from the Reserve Bank of India database with the application of financial Econometrics. Breusch-Godfrey serial correlation LM test for removal of autocorrelation, Breusch-Pagan-Godfrey test for removal of heteroscedasticity, Cointegration test and VECM test for testing cointegration between macroeconomic factors and market returns,] are employed to fit regression model. The Indian market returns are stable and positive but show intense volatility. When the series is stationary after the first difference, heteroskedasticity and serial correlation are not present. Different forecast accuracy measures point out macroeconomics can forecast future market returns of the Indian stock market. The step-by-step econometric tests show the long-run affiliation among macroeconomic antecedents.

A Study on Effective Management Method of the Flood Forecast System using PDA (PDA를 활용한 홍수예보시스템의 효율적 관리방안에 대한 연구)

  • Jung, Seung-Back;Yang, Seung-In
    • The KIPS Transactions:PartA
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    • v.17A no.4
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    • pp.197-202
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    • 2010
  • The recorder at observatory can save the measured data from water gauge and rain gauge at an interval of five minutes. And then, the RTU (Remote Terminal Unit) in observatory sends the measured data in the recorder to the TM (Telemetering) in FCO (Flood Control Office) at an interval of ten minutes using VHF or satellite communication. But the transmitted data is not the stored data at the recorder, it is just data that is measured at an interval of ten minutes. In the FCO, the transmitted data is analyzed in order to forecast the flood. And also one of the most important things is the maintenance of an observatory. In this paper, an effective management system for the flood forecast is proposed. It uses the CDMA and the Blutooth technology on PDA. The proposed system is very portable, and also easily able to send the data stored at the recorder in observatory to TM in FCO without RTU. And it allows us to view remotely the data of other observatories by downloading from the FCO. Hence the system can do efficiently the maintenance of observatory without wasting manpower and time.

Forecasting of Traffic Accident Occurrence Pattern Using LSTM (LSTM을 이용한 교통사고 발생 패턴 예측)

  • Roh, You Jin;Bae, Sang Hoon
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.20 no.3
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    • pp.59-73
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    • 2021
  • There are many lives lost due traffic accidents, and which have not decreased despite advances in technology. In order to prevent traffic accidents, it is necessary to accurately forecast how they will change in the future. Until now, traffic accident-frequency forecasting has not been a major research field, but has been analyzed microscopically by traditional methods, mainly based on statistics over a previous period of time. Despite the recent introduction of AI to the traffic accident field, the focus is mainly on forecasting traffic flow. This study converts into time series data the records from 1,339,587 traffic accidents that occurred in Korea from 2014 to 2019, and uses the AI algorithm to forecast the frequency of traffic accidents based on driver's age and time of day. In addition, the forecast values and the actual values were compared and verified based on changes in the traffic environment due to COVID-19. In the future, these research results are expected to lead to improvements in policies that prevent traffic accidents.