• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.1
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• pp.50-58
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• 2018

Intermittent demand is a demand with a pattern in which zero demands occur frequently and non-zero demands occur sporadically. This type of demand mainly appears in spare parts with very low demand. Croston's method, which is an initiative intermittent demand forecasting method, estimates the average demand by separately estimating the size of non-zero demands and the interval between non-zero demands. Such smoothing type of forecasting methods can be suitable for mid-term or long-term demand forecasting because those provides the same demand forecasts during the forecasting horizon. However, the smoothing type of forecasting methods aims at short-term forecasting, so the estimated average forecast is a factor to decrease accuracy. In this paper, we propose a forecasting method to improve short-term accuracy by improving Croston's method for intermittent demand forecasting. The proposed forecasting method estimates both the non-zero demand size and the zero demands' interval separately, as in Croston's method, but the forecast at a future period adjusted by binomial weight according to occurrence probability. This serves to improve the accuracy of short-term forecasts. In this paper, we first prove the unbiasedness of the proposed method as an important attribute in forecasting. The performance of the proposed method is compared with those of five existing forecasting methods via eight evaluation criteria. The simulation results show that the proposed forecasting method is superior to other methods in terms of all evaluation criteria in short-term forecasting regardless of average size and dispersion parameter of demands. However, the larger the average demand size and dispersion are, that is, the closer to continuous demand, the less the performance gap with other forecasting methods.

• Journal of Intelligence and Information Systems
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• v.4 no.1
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• pp.133-147
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• 1998

Recently, many researchers have been involved in finding deterministic equations which can accurately predict future event, based on chaotic theory, or fractal theory. The theory says that some events which seem very random but internally deterministic can be accurately predicted by fractal equations. In contrast to the conventional methods, such as AR model, MA, model, or ARIMA model, the fractal equation attempts to discover a deterministic order inherent in time series data set. In discovering deterministic order, researchers have found that neural networks are much more effective than the conventional statistical models. Even though prediction accuracy of the network can be different depending on the topological structure and modification of the algorithms, many researchers asserted that the neural network systems outperforms other systems, because of non-linear behaviour of the network models, mechanisms of massive parallel processing, generalization capability based on adaptive learning. However, recent survey shows that prediction accuracy of the forecasting models can be determined by the model structure and data structures. In the experiments based on actual economic data sets, it was found that the prediction accuracy of the neural network model is similar to the performance level of the conventional forecasting model. Especially, for the data set which is deterministically chaotic, the AR model, a conventional statistical model, was not significantly different from the MLP model, a neural network model. This result shows that the forecasting model. This result shows that the forecasting model a, pp.opriate to a prediction task should be selected based on characteristics of the time series data set. Analysis of the characteristics of the data set was performed by fractal analysis, measurement of Hurst index, and measurement of Lyapunov exponents. As a conclusion, a significant difference was not found in forecasting future events for the time series data which is deterministically chaotic, between a conventional forecasting model and a typical neural network model.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.38 no.1
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• pp.73-80
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• 2018

In motorway traffic flow control, the conventional way based on real-time response has been changed into advanced way based on proactive response. Future traffic conditions over multiple time intervals are crucial input data for advanced motorway traffic flow control. It is necessary to overcome the uncertainty of the future state in order for forecasting multiple-period traffic volumes, as the number of uncertainty concurrently increase when the forecasting horizon expands. In this vein, multi-interval forecasting of traffic volumes requires a viable approach to conquer future uncertainties successfully. In this paper, a forecasting model is proposed which effectively addresses the uncertainties of future state based on the behaviors of temporal evolution of traffic volume states that intrinsically exits in the big past data. The model selects the past states from the big past data based on the state evolution of current traffic volumes, and then the selected past states are employed for estimating future states. The model was also designed to be suitable for data management systems in practice. Test results demonstrated that the model can effectively overcome the uncertainties over multiple time periods and can generate very reliable predictions in term of prediction accuracy. Hence, it is indicated that the model can be mounted and utilized on advanced data management systems.

• Water for future
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• v.3 no.2
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• pp.50-53
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• 1970

• Water for future
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• v.8 no.2
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• pp.41-48
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• 1975

• Water for future
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• v.19 no.1
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• pp.5-15
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• 1986

• Water for future
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• v.6 no.1
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• pp.76-86
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• 1973

• Water for future
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• v.7 no.1
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• pp.7-11
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• 1974

• Water for future
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• v.26 no.2
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• pp.99-105
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• 1993

A practical flood forecasting model(FFM) is suggested. The output of the model is the results which the initial condition of meteorological parameters and soil moisture are projected on the future. The physically based station model for rainfall forecasting(RF) and the storage function model for runoff prediction(RP) are adopted respectively. Input variables for FFM are air temperature, pressure, and dew-point temperature at the ground level and the flow at the rising limb(FRL). The constant parameters for FFM are average of optimum values which the past storm events have. Also loss rate of rainfall can predicted by FRL.

• Korean System Dynamics Review
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• v.9 no.1
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• pp.125-141
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• 2008

It is very difficult to predict future demand/supply, price for resources with acceptable accuracy using regression analysis. We try to use system dynamics to forecast the demand/supply and price for nickel. Nickel is very expensive mineral resource used for stainless production or other industrial production like battery, alloy making. Recent nickel price trend showed non-linear pattern and we anticipated the system dynamic method will catch this non-linear pattern better than the regression analysis. Our model has been calibrated for the past 6 year quarterly data (2002-2007) and tested for next 5 year quarterly data(2008-2012). The results were acceptable and showed higher accuracy than the results obtained from the regression analysis. And we ran the simulations for scenarios made by possible future changes in demand or supply related variables. This simulations implied some meaningful price change patterns.