• Journal of Navigation and Port Research
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• v.39 no.2
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• pp.115-123
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• 2015

This study focused on the alternative to estimate the demand of employment in Kenya logistics. First of all, it investigated the importance and necessity of search about the present circumstance of the country's industry. Next, it reviewed respectively the concept and limitation of several previous models for employment, including Bureau of Labor Statistics, USA; ROA, Netherlands; IER (Institute for Employment Research), UK; and IAB, Germany. In regard to the demand forecasting of employers in logistics, it could anticipate more realistically the future demand by the time-lag approach. According to the findings, if value of output record 733,080 KSH million in 2015 and 970,640 in 2020, compared to 655,222 in 2013, demand on wage employment in logistics industry would be reached up to 95,860 in 2015 and 104,329 in 2020, compared to about 89,600 in 2012. To conclude, this study showed the more rational numbers about the demand forecasting of employment than the previous researches and displayed the systematic approach to estimate industry manpower in logistics.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.24 no.12A
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• pp.2025-2033
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• 1999

In this paper, we forecast launching time of the commercial IMT-2000 service as feb. 2001, according to expert’s opinion, and most of they forecast rapid evolution. And, we propose two different models according to two cases for competition power of price for IMT-2000 service subscriber demand forecasting. In this paper, we combine the expert’s opinion method with the growth curve model for demand forecasting for new products in order to reduce error of the demand forecasting that haven’t past references. The estimation of needed coefficients for each growth curve model is based on experts’ subjective opinions.

• Journal of Distribution Science
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• v.10 no.11
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• pp.31-37
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• 2012

Purpose - This study was conducted under the assumption that brand A, a store of company Z of Pangyo, with a new store at Pangyo station is targeting the Bundang-gu area of the newly developed city of Seongnam. Research design, data, methodology - As a result of demand forecasting using geometric series models, an extrapolation of past trends provided the coefficient estimates, without utilizing regression analysis on a constant increase in children's wear, for which the population size and estimated parameter were required. Results - Demand forecasting on the basis of past trends indicates the likelihood that sales of discount stores in the Bundang area, where brand A currently has a presence, would fetch a higher estimated value than that of the average discount store in the country during 2015. If past trends persist, future sales of operational stores are likely to increase. Conclusions - In evaluating location using the simple weighting model, Seohyun Lotte Mart obtained a high rating amongst new stores in Pangyo, on the basis of accessibility, demand class, and existing stores. Therefore, when opening a new counter at a relevant store, a positive effect can be predicted.

• The Korean Journal of Applied Statistics
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• v.18 no.1
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• pp.137-146
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• 2005

Neural network is one of the most notable technique. It usually provides more powerful forecasting models than the traditional time series techniques. Employing the Ensemble technique in forecasting model, one should provide a initial distribution. Usually the uniform distribution is assumed so that the initialization is noninformative. However, it would be expected a sequential informative initialization based on data rather than the uniform initialization gives further reduction in forecasting error. In this note, a modified Ensemble algorithm using sequential initial probability is developed. The sequential distribution is designed to have much weight on the recent data.

• Journal of Korean Institute of Industrial Engineers
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• v.39 no.4
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• pp.247-252
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• 2013

Korea gas corporation (KOGAS) is responsible for the whole sale of natural gas in the domestic market. It is important to forecast the daily demand of city gas for supply and demand control, and delivery management. Since there is the autoregressive characteristic in the daily gas demand, we introduce a modified autoregressive model as the first step. The daily gas demand also has a close connection with the outdoor temperature. Accordingly, our second proposed model is a temperature-based model. Those two models, however, do not meet the requirement for forecasting performances. To produce acceptable forecasting performances, we develop a weighted average model which compounds the autoregressive model and the temperature model. To examine our proposed methods, the forecasting results are provided. We confirm that our method can forecast the daily city gas demand accurately with reasonable performances.

• Journal of Korea Water Resources Association
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• v.33 no.5
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• pp.537-550
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• 2000

In this study, Neural Networks models were used to forecast daily streamflow at Jindong station of the Nakdong River basin. Neural Networks models consist of CASE 1(5-5-1) and CASE 2(5-5-5-1). The criteria which separates two models is the number of hidden layers. Each model has Fletcher-Reeves Conjugate Gradient BackPropagation(FR-CGBP) and Scaled Conjugate Gradient BackPropagation(SCGBP) algorithms, which are better than original BackPropagation(BP) in convergence of global error and training tolerance. The data which are available for model training and validation were composed of wet, average, dry, wet+average, wet+dry, average+dry and wet+average+dry year respectively. During model training, the optimal connection weights and biases were determined using each data set and the daily streamflow was calculated at the same time. Except for wet+dry year, the results of training were good conditions by statistical analysis of forecast errors. And, model validation was carried out using the connection weights and biases which were calculated from model training. The results of validation were satisfactory like those of training. Daily streamflow forecasting using Neural Networks models were compared with those forecasted by Multiple Regression Analysis Mode(MRAM). Neural Networks models were displayed slightly better results than MRAM in this study. Thus, Neural Networks models have much advantage to provide a more sysmatic approach, reduce model parameters, and shorten the time spent in the model development.

• Economic Analysis
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• v.27 no.4
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• pp.1-42
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• 2021

The outlook for Korea's consumer price inflation rate has a profound impact not only on the Bank of Korea's operation of the inflation target system but also on the overall economy, including the bond market and private consumption and investment. This study presents the prediction results of consumer price inflation in Korea for the next three years. To this end, first, model selection is performed based on the out-of-sample predictive power of autoregressive distributed lag (ADL) models, AR models, small-scale vector autoregressive (VAR) models, and large-scale VAR models. Since there are many potential predictors of inflation, a Bayesian variable selection technique was introduced for 12 macro variables, and a precise tuning process was performed to improve predictive power. In the case of the VAR model, the Minnesota prior distribution was applied to solve the dimensional curse problem. Looking at the results of long-term and short-term out-of-sample predictions for the last five years, the ADL model was generally superior to other competing models in both point and distribution prediction. As a result of forecasting through the combination of predictions from the above models, the inflation rate is expected to maintain the current level of around 2% until the second half of 2022, and is expected to drop to around 1% from the first half of 2023.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.12
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• pp.2202-2211
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• 2010

The wind power prediction system is composed of a meteorological forecasting module, calculation module of wind power output and HMI(Human Machine Interface) visualization system. The final information from this system is a short-term (6hr ahead) and mid-term (48hr ahead) wind power prediction value. The meteorological forecasting module for wind speed and direction forecasting is a combination of physical and statistical model. In this system, the WRF(Weather Research and Forecasting) model, which is a three-dimensional numerical weather model, is used as the physical model and the GFS(Global Forecasting System) models is used for initial condition forecasting. The 100m resolution terrain data is used to improve the accuracy of this system. In addition, optimization of the physical model carried out using historic weather data in Jeju. The mid-term prediction value from the physical model is used in the statistical method for a short-term prediction. The final power prediction is calculated using an optimal adjustment between the currently observed data and data predicted from the power curve model. The final wind power prediction value is provided to customs using a HMI visualization system. The aim of this study is to further improve the accuracy of this prediction system and develop a practical system for power system operation and the energy market in the Smart-Grid.

• Journal of Environmental Science International
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• v.27 no.8
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• pp.723-735
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• 2018

In this study, to investigate an optimal configuration method for the modeling system, we performed an optimization experiment by controlling the types of compilers and libraries, and the number of CPU cores because it was important to provide reliable model data very quickly for the national air quality forecast. We were made up the optimization experiment of twelve according to compilers (PGI and Intel), MPIs (mvapich-2.0, mvapich-2.2, and mpich-3.2) and NetCDF (NetCDF-3.6.3 and NetCDF-4.1.3) and performed wall clock time measurement for the WRF and CMAQ models based on the built computing resources. In the result of the experiment according to the compiler and library type, the performance of the WRF (30 min 30 s) and CMAQ (47 min 22 s) was best when the combination of Intel complier, mavapich-2.0, and NetCDF-3.6.3 was applied. Additionally, in a result of optimization by the number of CPU cores, the WRF model was best performed with 140 cores (five calculation servers), and the CMAQ model with 120 cores (five calculation servers). While the WRF model demonstrated obvious differences depending on the number of CPU cores rather than the types of compilers and libraries, CMAQ model demonstrated the biggest differences on the combination of compilers and libraries.

• Environmental and Resource Economics Review
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• v.28 no.4
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• pp.467-495
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• 2019

Uncertainty of renewable energy such as photovoltaic(PV) power is detrimental to the flexibility of the power system. Therefore, precise prediction of PV power generation is important to make the power system stable. The purpose of this study is to forecast PV power generation using meteorological data including particulate matter(PM). In this study, PV power generation is predicted by support vector machine using RBF kernel function based on machine learning. Comparing the forecasting performances by including or excluding PM variable in predictor variables, we find that the forecasting model considering PM is better. Forecasting models considering PM variable show error reduction of 1.43%, 3.60%, and 3.88% in forecasting power generation between 6am~8pm, between 12pm~2pm, and at 1pm, respectively. Especially, the accuracy of the forecasting model including PM variable is increased in daytime when PV power generation is high.