• Journal of Korean Society of Industrial and Systems Engineering
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• v.38 no.1
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• pp.52-64
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• 2015

Korea ocean research stations manage the weather and environmental data collected from coastal and ocean areas to provide short-term and long-term ocean forecasts. The purpose of this paper is to analyze and quantify economic benefits of the ocean research stations with sensors to observe physical, chemical, and biological data. The construction and operation of an integrated ocean observation station is expected to reduce uncertainty about ocean and coastal areas and to improve the quality of ocean forecasts. The economic benefits are mainly come from improved search and rescue operations, ocean pollution management, yellow dust management, and improved productivity in ocean-related industries. In addition, an input-output analysis is performed to evaluate the economic impacts of ocean research stations nationwide. The analysis shows that the system can contribute to industries such as fishing, maritime and air cargo, medical and health care.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.7
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• pp.1144-1150
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• 2016

Short-term load forecasting is essential to the electricity pricing and stable power system operations. The conventional weekday 24-hour load forecasting algorithms consider the temperature model to forecast maximum load and minimum load. But 24-hour load pattern forecasting models do not consider temperature effects, because hourly temperature forecasts were not present until the latest date. Recently, 3 hour temperature forecast is announced, therefore hourly temperature forecasts can be produced by mathematical techniques such as various interpolation methods. In this paper, a new 24-hour load pattern forecasting method is proposed by using similar day search considering the hourly temperature. The proposed method searches similar day input data based on the anomalous weather features such as continuous temperature drop or rise, which can enhance 24-hour load pattern forecasting performance, because it uses the past days having similar hourly temperature features as input data. In order to verify the effectiveness of the proposed method, it was applied to the case study. The case study results show high accuracy of 24-hour load pattern forecasting.

• Proceedings of the Korea Inteligent Information System Society Conference
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• 2000.11a
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• pp.427-436
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• 2000

The prediction of stock price index is a very difficult problem because of the complexity of the stock market data it data. It has been studied by a number of researchers since they strong1y affect other economic and financial parameters. The movement of stock price index has a series of change points due to the strategies of institutional investors. This study presents a two-stage forecasting model of stock price index using change-point detection and artificial neural networks. The basic concept of this proposed model is to obtain Intervals divided by change points, to identify them as change-point groups, and to use them in stock price index forecasting. First, the proposed model tries to detect successive change points in stock price index. Then, the model forecasts the change-point group with the backpropagation neural network (BPN). Fina1ly, the model forecasts the output with BPN. This study then examines the predictability of the integrated neural network model for stock price index forecasting using change-point detection.

• Atmosphere
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• v.31 no.3
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• pp.251-265
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• 2021

This study examined the impact of assimilating the bending angle (BA) obtained via the global navigation satellite system radio occultation (GNSS RO) of the three new satellites (KOMPSAT-5, FY-3C, and FY-3D) on analyses and forecasts of a numerical weather prediction model. Numerical data assimilation experiments were performed using a three-dimensional variational data assimilation system in the Korean Integrated Model (KIM) at a 25-km horizontal resolution for August 2019. Three experiments were designed to select the height and quality control thresholds using the data. A comparison of the data with an analysis of the European Centre for Medium-Range Weather Forecasts (ECMWF) integrated forecast system showed a clear positive impact of BA assimilation in the Southern Hemisphere tropospheric temperature and stratospheric wind compared with that without the assimilation of the three new satellites. The impact of new data in the upper atmosphere was compared with observations using the infrared atmospheric sounding interferometer (IASI). Overall, high volume GNSS RO data helps reduce the RMSE quantitatively in analytical and predictive fields. The analysis and forecasting performance of the upper temperature and wind were improved in the Southern and Northern Hemispheres.

• Asia-Pacific Journal of Business
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• v.9 no.4
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• pp.137-155
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• 2018

It has been reported that there is a significant positive relationship between the unexpected earnings on the earnings announcement date and the cumulative abnormal returns following the earnings announcement date. This study investigates whether the results of prior studies are because the public announcement of shareholders' meeting date was selected as the event date instead of either the preliminary earnings disclosure date or the profit/loss change announcement date. The results of this study are as follows. First, post-earnings-announcement drift(PEAD) occurs when unexpected earnings were computed based on the prior period earnings and the public announcement of the shareholders' meeting date as the profit disclosure date. Second, when analyzing the PEAD with the unexpected earnings calculated using the financial analysts' forecasts, no PEAD has been found both on the date of the shareholders' meeting and the earlier date of the preliminary earnings disclosure, profit/loss change announcement, or the public announcement of the shareholders' meeting. Foster et al. (1984) analyze the PEAD using time series model and earnings forecasting model and suggest that the PEAD appears only in the time series model. In this study, too, in the case of using analysts' profit forecasts, the lack of the PEAD shows that the PEAD can be changed according to the method of measuring the unexpected earnings.

• Journal of the Korean Solar Energy Society
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• v.39 no.5
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• pp.29-40
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• 2019

In response to the rapid climate change, in order to save energy in the field of buildings, the country is planning not only zero energy buildings but also zero energy cities. In the Urban Development Project, the Energy Use Plan Report is prepared and submitted by predicting the amount of energy demand at the planning stage. However, due to the activation of zero-energy buildings and the increase in the supply of new and renewable energy facilities, the energy consumption behavior of buildings in the city is changing from the previous ones. In this study, to estimate urban energy demand of Zero Energy City, building energy demand forecasts based on "Passive plans for use of energy based primary energy consumption", "Actual building energy usage data from Korea Appraisal Board" and "data from Certification of Building Energy Efficiency Rating" as well as demand forecast according to existing "Consultation about Energy Use Plan Code" were calculated and then applied to Multifunctional Administrative City 5-1 zone to compare urban total energy demand forecasts.

• Journal of the Korean Society of Industry Convergence
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• v.24 no.3
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• pp.323-331
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• 2021

With global warming and pollution problems, accurate forecasting of the harmful gases would be an essential alarm in our life. In this paper, we forecast the emission of the five gases(SOx, NO₂, NH₃, H₂S, CH₄) using the time series model of ARIMA, the learning algorithms of Random forest, and LSTM. We find that the gas emission data depends on the short-term memory and behaves like a random walk. As a result, we compare the RMSE, MAE, and MAPE as the measure of the prediction performance under the same conditions given to three models. We find that ARIMA forecasts the gas emissions more precisely than the other two learning-based methods. Besides, the ARIMA model is more suitable for the real-time forecasts of gas emissions because it is faster for modeling than the two learning algorithms.

• Asia-Pacific Journal of Business
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• v.14 no.4
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• pp.343-356
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• 2023

Purpose - This study attempted to predict short-term transportation demand using trains and getting off at Gangchon Station. Through this, we present numerical data necessary for future tourist inflow policies in the Gangchon area of Chuncheon and present related implications. Design/methodology/approach - This study collected and analyzed transportation demand data from Gangchon Station using the Gyeongchun Line and ITX-Cheongchun Train from January 2014 to August 2023. Winters exponential smoothing model and ARIMA model were used to reflect the trend and seasonality of the raw data. Findings - First, transportation demand using trains to get off at Gangchon Station in Chuncheon City is expected to show a continuous increase from 2020 until the forecast period is 2024. Second, the number of passengers getting off at Gangchon Station was found to be highest in May and October. Research implications or Originality - As transportation networks are improving nationwide and people's leisure culture is changing, the number of tourists visiting the Gangchon area in Chuncheon City is continuously decreasing. Therefore, in this study, a time series model was used to predict short-term transportation demand alighting at Gangchon Station. In order to calculate more accurate forecasts, we compared models to find an appropriate model and presented forecasts.

• Atmosphere
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• v.34 no.3
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• pp.325-336
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• 2024

Radiosonde is an important in-situ profiling instrument that measures atmospheric temperature, moisture, and wind structure from the surface to the middle stratosphere. The operational radiosonde measurements are carried out more than twice (at 0000 UTC and 1200 UTC) daily at approximately 1,300 World Meteorological Organization (WMO) stations and play a pivotal role in daily weather forecasts. It also contributes to the monitoring of atmospheric structure by providing the key physical information like temperature and pressure, forming the backbone of atmospheric (re)analyses and numerical weather forecasts. Additionally, high-resolution radiosonde profiles are used for calibration and evaluation of satellite products. Despite these advantages, radiosonde measurements are mostly limited to operational uses due to the high initial cost of ground instrument setup required for data transmission and reception. This study outlines a cost-effective (roughly one-tenth of the operational cost) method for establishing the ground station and the necessary radiosonde measurement procedures, offering guidance for individual researchers or university-level instructors.

• Korean Journal of Agricultural and Forest Meteorology
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• v.15 no.2
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• pp.76-84
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• 2013

An adequate downscaling of the official forecasts of Korea Meteorological Administration (KMA) is a prerequisite to improving the value and utility of agrometeorological information in rural areas, where complex terrain and small farms constitute major features of the landscape. In this study, we suggest a simple correction scheme for scaling down the KMA temperature forecasts from mesoscale (5 km by 5 km) to the local scale (30 m by 30 m) across a rural catchment, especially under temperature inversion conditions. The study area is a rural catchment of $50km^2$ area with complex terrain and located on a southern slope of Mountain Jiri National Park. Temperature forecasts for 0600 LST on 62 days with temperature inversion were selected from the fall 2011-spring 2012 KMA data archive. A geospatial correction scheme which can simulate both cold air drainage and the so-called 'thermal belt' was used to derive the site-specific temperature deviation across the study area at a 30 m by 30 m resolution from the original 5 km by 5 km forecast grids. The observed temperature data at 12 validation sites within the study area showed a substantial reduction in forecast error: from ${\pm}2^{\circ}C$ to ${\pm}1^{\circ}C$ in the mean error range and from $1.9^{\circ}C$ to $1.6^{\circ}C$ in the root mean square error. Improvement was most remarkable at low lying locations showing frequent cold pooling events. Temperature prediction error was less than $2^{\circ}C$ for more than 80% of the observed inversion cases and less than $1^{\circ}C$ for half of the cases. Temperature forecasts corrected by this scheme may accelerate implementation of the freeze and frost early warning service for major fruits growing regions in Korea.