• Title/Summary/Keyword: Variability Forecasting

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A Study on the Application of the Price Prediction of Construction Materials through the Improvement of Data Refactor Techniques (Data Refactor 기법의 개선을 통한 건설원자재 가격 예측 적용성 연구)

  • Lee, Woo-Yang;Lee, Dong-Eun;Kim, Byung-Soo
    • Korean Journal of Construction Engineering and Management
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    • v.24 no.6
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    • pp.66-73
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    • 2023
  • The construction industry suffers losses due to failures in demand forecasting due to price fluctuations in construction raw materials, increased user costs due to project cost changes, and lack of forecasting system. Accordingly, it is necessary to improve the accuracy of construction raw material price forecasting. This study aims to predict the price of construction raw materials and verify applicability through the improvement of the Data Refactor technique. In order to improve the accuracy of price prediction of construction raw materials, the existing data refactor classification of low and high frequency and ARIMAX utilization method was improved to frequency-oriented and ARIMA method utilization, so that short-term (3 months in the future) six items such as construction raw materials lumber and cement were improved. ), mid-term (6 months in the future), and long-term (12 months in the future) price forecasts. As a result of the analysis, the predicted value based on the improved Data Refactor technique reduced the error and expanded the variability. Therefore, it is expected that the budget can be managed effectively by predicting the price of construction raw materials more accurately through the Data Refactor technique proposed in this study.

LNG Gas Demand Forecasting in Incheon Port based on Data: Comparing Time Series Analysis and Artificial Neural Network (데이터 기반 인천항 LNG 수요예측 모형 개발: 시계열분석 및 인공신경망 모형 비교연구)

  • Beom-Soo Kim;Kwang-Sup Shin
    • The Journal of Bigdata
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    • v.8 no.2
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    • pp.165-175
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    • 2023
  • LNG is a representative imported cargo at Incheon Port and has a relatively high contribution to the increase/decrease in overall cargo volume at Incheon Port. In addition, in the view point of nationwide, LNG is the one of the most important key resource to supply the gas and generate electricity. Thus, it is very essential to identify the factors that have impact on the demand fluctuation and build the appropriate forecasting model, which present the basic information to make balance between supply and demand of LNG and establish the plan for power generation. In this study, different to previous research based on macroscopic annual data, the weekly demand of LNG is converted from the cargo volume unloaded by LNG carriers. We have identified the periodicity and correlations among internal and external factors of demand variability. We have identified the input factors for predicting the LNG demand such as seasonality of weekly cargo volume, the peak power demand, and the reserved capacity of power supply. In addition, in order to predict LNG demand, considering the characteristics of the data, time series prediction with weekly LNG cargo volume as a dependent variable and prediction through an artificial neural network model were made, the suitability of the predictions was verified, and the optimal model was established through error comparison between performance and estimates.

Utilizing deep learning algorithm and high-resolution precipitation product to predict water level variability (고해상도 강우자료와 딥러닝 알고리즘을 활용한 수위 변동성 예측)

  • Han, Heechan;Kang, Narae;Yoon, Jungsoo;Hwang, Seokhwan
    • Journal of Korea Water Resources Association
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    • v.57 no.7
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    • pp.471-479
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    • 2024
  • Flood damage is becoming more serious due to the heavy rainfall caused by climate change. Physically based hydrological models have been utilized to predict stream water level variability and provide flood forecasting. Recently, hydrological simulations using machine learning and deep learning algorithms based on nonlinear relationships between hydrological data have been getting attention. In this study, the Long Short-Term Memory (LSTM) algorithm is used to predict the water level of the Seomjin River watershed. In addition, Climate Prediction Center morphing method (CMORPH)-based gridded precipitation data is applied as input data for the algorithm to overcome for the limitations of ground data. The water level prediction results of the LSTM algorithm coupling with the CMORPH data showed that the mean CC was 0.98, RMSE was 0.07 m, and NSE was 0.97. It is expected that deep learning and remote data can be used together to overcome for the shortcomings of ground observation data and to obtain reliable prediction results.

A Study of the Effects of SST Deviations on Heavy Snowfall over the Yellow Sea (해수면 온도 변화가 서해상 강설에 미치는 영향 연구)

  • Jeong, Jaein;Park, Rokjin
    • Atmosphere
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    • v.23 no.2
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    • pp.161-169
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    • 2013
  • We examine the effects of the sea surface temperature (SST) distribution on heavy snowfall over the Yellow Sea using high-resolution SST products and WRF (Weather Research and Forecasting) model simulations in 30 December 2010. First, we evaluate the model by comparing the simulated and observed fresh snowfall over the Korean peninsula (Ho-Nam province). The comparison shows that the model reproduces the distributions and magnitudes of the observed snowfall. We then conduct sensitivity model simulations where SST perturbations by ${\pm}1.1^{\circ}C$ relative to baseline SST values (averaged SST for $5{\sim}15^{\circ}C$) are uniformly specified over the region of interest. Results show that ${\pm}1.1^{\circ}C$ SST perturbation simulations result in changes of air temperature by $+0.37/-0.38^{\circ}C$, and by ${\pm}0.31^{\circ}C$ hPa for sea level pressure, respectively, relative to the baseline simulation. Atmospheric responses to SST perturbations are found to be relatively linear. The changes in SST appear to perturb precipitation variability accounting for 10% of snow and graupel, and 18% of snowfall over the Yellow Sea and Ho- Nam province, respectively. We find that anomalies of air temperature, pressure, and hydrometeors due to SST perturbation propagate to the upper part of cloud top up to 500 hPa and show symmetric responses with respect to SST changes.

Artificial neural network algorithm comparison for exchange rate prediction

  • Shin, Noo Ri;Yun, Dai Yeol;Hwang, Chi-gon
    • International Journal of Internet, Broadcasting and Communication
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    • v.12 no.3
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    • pp.125-130
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    • 2020
  • At the end of 1997, the volatility of the exchange rate intensified as the nation's exchange rate system was converted into a free-floating exchange rate system. As a result, managing the exchange rate is becoming a very important task, and the need for forecasting the exchange rate is growing. The exchange rate prediction model using the existing exchange rate prediction method, statistical technique, cannot find a nonlinear pattern of the time series variable, and it is difficult to analyze the time series with the variability cluster phenomenon. And as the number of variables to be analyzed increases, the number of parameters to be estimated increases, and it is not easy to interpret the meaning of the estimated coefficients. Accordingly, the exchange rate prediction model using artificial neural network, rather than statistical technique, is presented. Using DNN, which is the basis of deep learning among artificial neural networks, and LSTM, a recurrent neural network model, the number of hidden layers, neurons, and activation function changes of each model found the optimal exchange rate prediction model. The study found that although there were model differences, LSTM models performed better than DNN models and performed best when the activation function was Tanh.

Rainfall Variations in the Nam River Dam Basin (남강댐 유역에 있어서 강우분포의 변화)

  • 박준일
    • Water for future
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    • v.28 no.1
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    • pp.91-106
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    • 1995
  • An investigation into the rainfall variability in time and space in the Nam River dam basin of Korea was made with use of the coefficient of variation and the correlation coefficient. The Nam River dam basin is a small mountainous watershed where the wind direction and orography are the dominant influences on the pattern and distribution of rainfall. It was found that the characteristics of rainfall distribution vary with elevation, position, wind direction. And in the three directions considered, it was found that there is the related formulation dependent on the distance between two stations. The resultrs of this study on the temporal and spatial characteristics of rainfall can be used in the design of raingauge networks, hydrological forecasting, and so on in the Nam River dam basin.

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Monthly rainfall forecast of Bangladesh using autoregressive integrated moving average method

  • Mahmud, Ishtiak;Bari, Sheikh Hefzul;Rahman, M. Tauhid Ur
    • Environmental Engineering Research
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    • v.22 no.2
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    • pp.162-168
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    • 2017
  • Rainfall is one of the most important phenomena of the natural system. In Bangladesh, agriculture largely depends on the intensity and variability of rainfall. Therefore, an early indication of possible rainfall can help to solve several problems related to agriculture, climate change and natural hazards like flood and drought. Rainfall forecasting could play a significant role in the planning and management of water resource systems also. In this study, univariate Seasonal Autoregressive Integrated Moving Average (SARIMA) model was used to forecast monthly rainfall for twelve months lead-time for thirty rainfall stations of Bangladesh. The best SARIMA model was chosen based on the RMSE and normalized BIC criteria. A validation check for each station was performed on residual series. Residuals were found white noise at almost all stations. Besides, lack of fit test and normalized BIC confirms all the models were fitted satisfactorily. The predicted results from the selected models were compared with the observed data to determine prediction precision. We found that selected models predicted monthly rainfall with a reasonable accuracy. Therefore, year-long rainfall can be forecasted using these models.

Evapotranspiration Estimation Study Based on Coupled Water-energy Balance Theory in River Basin

  • Xue, Lijun;Kim, JooCheol;Li, Hongyan;Jung, Kwansue
    • Proceedings of the Korea Water Resources Association Conference
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    • 2018.05a
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    • pp.146-146
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    • 2018
  • Basin evapotranspiration is the result of water balance and energy balance, which is affected by climate and underlying surface characteristics, the process is complex, and spatial and temporal variability is large, the evapotranspiration estimation of river basin is an important but difficult problem in the field of hydrology, over the years, many scholars devoted to the basin actual evapotranspiration estimation and achieved excellent results. We discuss Budyko coupled water-energy balance theory and evaporation paradox, then use the Fu's equation to estimate actual evapotranspiration yearly in different areas with different dryness. The result shows that Fu's equation has high precision for estimating evapotranspiration yearly in our selected study area, and the estimation result has higher precision in the area with high dryness. Then, we propose an improved formula which can be used to estimate actual evapotranspiration monthly. Furthermore, we found that the parameter in the formula reflects general conditions of underlying surface and it is affected by several factors, at last, we tried to propose the calculation formula. The study indicates that Fu's equation provides a reliable method for evapotranspiration estimation in dry regions as well as semi-humid and semi-arid regions, which has great significance for forecasting river basin water resources and inquiring into ecological water requirement.

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Performance Analysis of Electricity Demand Forecasting by Detail Level of Building Energy Models Based on the Measured Submetering Electricity Data (서브미터링 전력데이터 기반 건물에너지모델의 입력수준별 전력수요 예측 성능분석)

  • Shin, Sang-Yong;Seo, Dong-Hyun
    • Journal of Korean Institute of Architectural Sustainable Environment and Building Systems
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    • v.12 no.6
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    • pp.627-640
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    • 2018
  • Submetering electricity consumption data enables more detail input of end use components, such as lighting, plug, HVAC, and occupancy in building energy modeling. However, such an modeling efforts and results are rarely tried and published in terms of the estimation accuracy of electricity demand. In this research, actual submetering data obtained from a university building is analyzed and provided for building energy modeling practice. As alternative modeling cases, conventional modeling method (Case-1), using reference schedule per building usage, and main metering data based modeling method (Case-2) are established. Detail efforts are added to derive prototypical schedules from the metered data by introducing variability index. The simulation results revealed that Case-1 showed the largest error as we can expect. And Case-2 showed comparative error relative to Case-3 in terms of total electricity estimation. But Case-2 showed about two times larger error in CV (RMSE) in lighting energy demand due to lack of End Use consumption information.

Analysis on the Characteristics of PM10 Variation over South Korea from 2010 to 2014 using WRF-CMAQ: Focusing on the Analysis of Meteorological Factors (기상-대기질 모델을 활용한 2010~2014년 우리나라 PM10 변동 특성 분석: 기상 요인을 중심으로)

  • Nam, Ki-Pyo;Lee, Dae-Gyun;Park, Ji-Hoon
    • Journal of Environmental Impact Assessment
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    • v.27 no.5
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    • pp.509-520
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    • 2018
  • The impact of meteorological condition on surface $PM_{10}$ concentrations in South Korea was quantitatively simulated from 2010 to 2014 using WRF (ver.3.8.1) and CMAQ (5.0.2) model. The result showed that seasonal standard deviations of PM10 induced by change of weather conditions were $4.8{\mu}g/m^3$, $1.7{\mu}g/m^3$, $1.7{\mu}g/m^3$, $4.2{\mu}g/m^3$ for spring, summer, autumn and winter compared to 2010, respectively, with the annual mean standard deviation of about $2.6{\mu}g/m^3$. The results of 18 regions in South Korea showed standard deviation of more than $1{\mu}g/m^3$ in all regions and more than $2{\mu}g/m^3$ in Seoul, Northern Gyeonggi, Southern Southern Gyeonggi, Western Gangwon and Northern Chungcheong in South Korea.