• Title/Summary/Keyword: Variability Forecasting

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Quantifying the Bullwhip Effect in a Supply Chain Considering Seasonal Demand (공급사슬에서 계절적 수요를 고려한 채찍효과 측도의 개발)

  • Cho, Dong-Won;Lee, Young-Hae
    • Journal of Korean Institute of Industrial Engineers
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    • v.35 no.3
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    • pp.203-212
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    • 2009
  • The bullwhip effect refers to the phenomenon where demand variability is amplified when one moves upward a supply chain. In this paper, we exactly quantify the bullwhip effect for cases of seasonal demand processes in a two-echelon supply chain with a single retailer and a single supplier. In most of the previous research, some measures of performance for the bullwhip effect are developed for cases of non-seasonal demand processes. The retailer performs demand forecast with a multiplicative seasonal mixed model by using the minimum mean square error forecasting technique and employs a base stock policy. With the developed bullwhip effect measure, we investigate the impact of seasonal factor on the bullwhip effect. Then, we prove that seasonal factor plays an important role on the occurrence of the bullwhip effect.

An Investigation of Large-Scale Climate Indices with the influence on Temperature and Precipitation Variation in Korea (한반도 기온 및 강수량 변동에 영향을 미치는 광역규모 기후지수들에 대한 고찰)

  • Kim, Yeon-Hee;Kim, Maeng-Ki;Lee, Woo-Seop
    • Atmosphere
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    • v.18 no.2
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    • pp.83-95
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    • 2008
  • In this study we have investigated the preceding eighteen large-scale climate indices with a lead time from zero to twelve months that have an influence on the variability of temperature and precipitation in Korea in order to understand which climate indices are overall available as predictors for long-range forecasting. We also have studied the dynamic link between preceding large-scale climate indices and regional climate using singular value decomposition analysis (SVDA) and correlation analysis (CA). Based on the coupled mode between large-scale circulation and regional climate, and correlation pattern between the preceding large-scale climate indices and large-scale circulation, the level of significance on climate indices as a predictor for monthly mean temperature and precipitation was evaluated for 5 and 1% level.

Knowledge-Based Model for Forecasting Percentage Progress Costs

  • Kim, Sang-Yong
    • Journal of the Korea Institute of Building Construction
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    • v.12 no.5
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    • pp.518-527
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    • 2012
  • This study uses a hybrid estimation tool for effective cost data management of building projects, and develops a realistic cost estimation model. The method makes use of newly available information as the project progresses, and project cost and percentage progress are analyzed and used as inputs for the developed system. For model development, case-based reasoning (CBR) is proposed, as it enables complex nonlinear mapping. This study also investigates analytic hierarchy process (AHP) for weight generation and applies them to a real project case. Real case studies are used to demonstrate and validate the benefits of the proposed approach. By using this method, an evaluation of actual project performance can be developed that appropriately considers the natural variability of construction costs.

Stock Trading Model using Portfolio Optimization and Forecasting Stock Price Movement (포트폴리오 최적화와 주가예측을 이용한 투자 모형)

  • Park, Kanghee;Shin, Hyunjung
    • Journal of Korean Institute of Industrial Engineers
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    • v.39 no.6
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    • pp.535-545
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    • 2013
  • The goal of stock investment is earning high rate or return with stability. To accomplish this goal, using a portfolio that distributes stocks with high rate of return with less variability and a stock price prediction model with high accuracy is required. In this paper, three methods are suggested to require these conditions. First of all, in portfolio re-balance part, Max-Return and Min-Risk (MRMR) model is suggested to earn the largest rate of return with stability. Secondly, Entering/Leaving Rule (E/L) is suggested to upgrade portfolio when particular stock's rate of return is low. Finally, to use outstanding stock price prediction model, a model based on Semi-Supervised Learning (SSL) which was suggested in last research was applied. The suggested methods were validated and applied on stocks which are listed in KOSPI200 from January 2007 to August 2008.

Solar Power Generation Prediction Algorithm Using the Generalized Additive Model (일반화 가법모형을 이용한 태양광 발전량 예측 알고리즘)

  • Yun, Sang-Hui;Hong, Seok-Hoon;Jeon, Jae-Sung;Lim, Su-Chang;Kim, Jong-Chan;Park, Chul-Young
    • Journal of Korea Multimedia Society
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    • v.25 no.11
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    • pp.1572-1581
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    • 2022
  • Energy conversion to renewable energy is being promoted to solve the recently serious environmental pollution problem. Solar energy is one of the promising natural renewable energy sources. Compared to other energy sources, it is receiving great attention because it has less ecological impact and is sustainable. It is important to predict power generation at a future time in order to maximize the output of solar energy and ensure the stability and variability of power. In this paper, solar power generation data and sensor data were used. Using the PCC(Pearson Correlation Coefficient) analysis method, factors with a large correlation with power generation were derived and applied to the GAM(Generalized Additive Model). And the prediction accuracy of the power generation prediction model was judged. It aims to derive efficient solar power generation in the future and improve power generation performance.

Production of Future Wind Resource Map under Climate Change over Korea (기후변화를 고려한 한반도 미래 풍력자원 지도 생산)

  • Kim, Jin Young;Kim, Do Yong
    • Journal of Korean Society for Geospatial Information Science
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    • v.25 no.1
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    • pp.3-8
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    • 2017
  • In this study future wind resource maps have been produced under climate change scenario using ensemble regional climate model weather research and forecasting(WRF) for the period from 2045 to 2054(mid 21st century). Then various spatiotemporal analysis has been conducted in terms of monthly and diurnal. As a result, monthly variation(monsoon circulation) was larger than diurnal variation(land-sea circulation) throughout the South Korea. Strong wind area with high wind power energy was varied on months and regions. During whole years, strong wind with high wind resource was pronounced at cold(warm) months in particular Gangwon mountainous and coastal areas(southwestern coastal area) driven by strong northwesterly(southwesterly). Projected strong and weak wind were presented in January and September, respectively. Diurnal variation were large over inland and mountainous area while coastal area were small. This new monthly and diurnal variation would be useful to high resource area analysis and long-term operation of wind power according to wind variability in future.

Assessment of Ocean Surface Current Forecasts from High Resolution Global Seasonal Forecast System version 5 (고해상도 기후예측시스템의 표층해류 예측성능 평가)

  • Lee, Hyomee;Chang, Pil-Hun;Kang, KiRyong;Kang, Hyun-Suk;Kim, Yoonjae
    • Ocean and Polar Research
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    • v.40 no.3
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    • pp.99-114
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    • 2018
  • In the present study, we assess the GloSea5 (Global Seasonal Forecasting System version 5) near-surface ocean current forecasts using globally observed surface drifter dataset. Annual mean surface current fields at 0-day forecast lead time are quite consistent with drifter-derived velocity fields, and low values of root mean square (RMS) errors distributes in global oceans, except for regions of high variability, such as the Antarctic Circumpolar Current, Kuroshio, and Gulf Stream. Moreover a comparison with the global high-resolution forecasting system, HYCOM (Hybrid Coordinate Ocean Model), signifies that GloSea5 performs well in terms of short-range surface-current forecasts. Predictions from 0-day to 4-week lead time are also validated for the global ocean and regions covering the main ocean basins. In general, the Indian Ocean and tropical regions yield relatively high RMS errors against all forecast lead times, whilst the Pacific and Atlantic Oceans show low values. RMS errors against forecast lead time ranging from 0-day to 4-week reveal the largest increase rate between 0-day and 1-week lead time in all regions. Correlation against forecast lead time also reveals similar results. In addition, a strong westward bias of about $0.2m\;s^{-1}$ is found along the Equator in the western Pacific on the initial forecast day, and it extends toward the Equator of the eastern Pacific as the lead time increases.

Hydraulic Model for Real Time Forecasting of Inundation Risk (실시간 범람위험도 예측을 위한 수리학적 모형의 개발)

  • Han, Geon-Yeon;Son, In-Ho;Lee, Jae-Yeong
    • Journal of Korea Water Resources Association
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    • v.33 no.3
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    • pp.331-340
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    • 2000
  • This study aims to develop a methodology of real time forecasting of mundation risk based on DAMBRK model and Kalman filter. The model is based on implicit, nonlinear finite difference approximatIons of the one-dimensional dynamic wave equations. The stochastic estimator uses on extended Kalman filter to provide optimal updating estimates. These are accomplished by combining the predictions of the determurustic model with real time observauons modified by the Kalman filter gain ractor. Inundation risks are also estimated by applying Monte Carlo simulation to consider the variability in cross section geometry and Manning's roughness coefficient. The model calibrated by applying to the floods ot South Han River on September, 1990 and August, 1995. The Kalman tilter model indicates that significant improvement compared to deteriministic analysis in flood routing predictions in the river. Overtopping risk of levee is also presented by comparing levee height with simulated flood level. level.

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Prediction Skill for East Asian Summer Monsoon Indices in a KMA Global Seasonal Forecasting System (GloSea5) (기상청 기후예측시스템(GloSea5)의 여름철 동아시아 몬순 지수 예측 성능 평가)

  • Lee, So-Jeong;Hyun, Yu-Kyung;Lee, Sang-Min;Hwang, Seung-On;Lee, Johan;Boo, Kyung-On
    • Atmosphere
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    • v.30 no.3
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    • pp.293-309
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    • 2020
  • There are lots of indices that define the intensity of East Asian summer monsoon (EASM) in climate systems. This paper assesses the prediction skill for EASM indices in a Global Seasonal Forecasting System (GloSea5) that is currently operating at KMA. Total 5 different types of EASM indices (WNPMI, EAMI, WYI, GUOI, and SAHI) are selected to investigate how well GloSea5 reproduces them using hindcasts with 12 ensemble members with 1~3 lead months. Each index from GloSea5 is compared to that from ERA-Interim. Hindcast results for the period 1991~2010 show the highest prediction skill for WNPMI which is defined as the difference between the zonal winds at 850 hPa over East China Sea and South China Sea. WYI, defined as the difference between the zonal winds of upper and lower level over the Indian Ocean far from East Asia, is comparatively well captured by GloSea5. Though the prediction skill for EAMI which is defined by using meridional winds over areas of East Asia and Korea directly affected by EASM is comparatively low, it seems that EAMI is useful for predicting the variability of precipitation by EASM over East Asia. The regressed atmospheric fields with EASM index and the correlation with precipitation also show that GloSea5 best predicts the synoptic environment of East Asia for WNPMI among 5 EASM indices. Note that the result in this study is limited to interpret only for GloSea5 since the prediction skill for EASM index depends greatly on climate forecast model systems.

Seasonal Forecasting of Tropical Storms using GloSea5 Hindcast (기후예측시스템(GloSea5) 열대성저기압 계절예측 특성)

  • Lee, Sang-Min;Lee, Jo-Han;Ko, A-Reum;Hyun, Yu-Kyung;Kim, YoonJae
    • Atmosphere
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    • v.30 no.3
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    • pp.209-220
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    • 2020
  • Seasonal predictability and variability of tropical storms (TCs) simulated in the Global Seasonal Forecast System version 5 (GloSea5) of the Korea Meteorological Administration (KMA) is assessed in Northern Hemisphere in 1996~2009. In the KMA, the GloSea5-Global Atmosphere version 3.0 (GloSea5-GA3) that was previously operated was switched to the GloSea5-Global Coupled version 2.0 (GloSea5-GC2) with data assimilation system since May 2016. In this study, frequency, track, duration, and strength of the TCs in the North Indian Ocean, Western Pacific, Eastern Pacific, and North Atlantic regions derived from the GloSea5-GC2 and GloSea5-GA3 are examined against the best track data during the research period. In general, the GloSea5 shows a good skill for the prediction of seasonally averaged number of the TCs in the Eastern and Western Pacific regions, but underestimation of those in the North Atlantic region. Both the GloSea5-GA3 and GC2 are not able to predict the recurvature of the TCs in the North Western Pacific Ocean (NWPO), which implies that there is no skill for the prediction of landfalls in the Korean peninsula. The GloSea5-GC2 has higher skills for predictability and variability of the TCs than the GloSea5-GA3, although continuous improvements in the operational system for seasonal forecast are still necessary to simulate TCs more realistically in the future.