• Title/Summary/Keyword: long-term forecast

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Predicting Oxynitrification layer using AI-based Varying Coefficient Regression model (AI 기반의 Varying Coefficient Regression 모델을 이용한 산질화층 예측)

  • Hye Jung Park;Joo Yong Shim;Kyong Jun An;Chang Ha Hwang;Je Hyun Han
    • Journal of the Korean Society for Heat Treatment
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    • v.36 no.6
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    • pp.374-381
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    • 2023
  • This study develops and evaluates a deep learning model for predicting oxide and nitride layers based on plasma process data. We introduce a novel deep learning-based Varying Coefficient Regressor (VCR) by adapting the VCR, which previously relied on an existing unique function. This model is employed to forecast the oxide and nitride layers within the plasma. Through comparative experiments, the proposed VCR-based model exhibits superior performance compared to Long Short-Term Memory, Random Forest, and other methods, showcasing its excellence in predicting time series data. This study indicates the potential for advancing prediction models through deep learning in the domain of plasma processing and highlights its application prospects in industrial settings.

The information system concept for thermal monitoring of a spent nuclear fuel storage container

  • Svitlana Alyokhina
    • Nuclear Engineering and Technology
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    • v.55 no.10
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    • pp.3898-3906
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    • 2023
  • The paper notes that the most common way of handling spent nuclear fuel (SNF) of power reactors is its temporary long-term dry storage. At the same time, the operation of the dry spent fuel storage facilities almost never use the modern capabilities of information systems in safety control and collecting information for the next studies under implementation of aging management programs. The author proposes a structure of an information system that can be implemented in a dry spent fuel storage facility with ventilated storage containers. To control the thermal component of spent fuel storage safety, a database structure has been developed, which contains 5 tables. An algorithm for monitoring the thermal state of spent fuel was created for the proposed information system, which is based on the comparison of measured and forecast values of the safety criterion, in which the level of heating the ventilation air temperature was chosen. Predictive values of the safety criterion are obtained on the basis of previously published studies. The proposed algorithm is an implementation of the information function of the system. The proposed information system can be used for effective thermal monitoring and collecting information for the next studies under the implementation of aging management programs for spent fuel storage equipment, permanent control of spent fuel storage safety, staff training, etc.

Stock Price Prediction and Portfolio Selection Using Artificial Intelligence

  • Sandeep Patalay;Madhusudhan Rao Bandlamudi
    • Asia pacific journal of information systems
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    • v.30 no.1
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    • pp.31-52
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    • 2020
  • Stock markets are popular investment avenues to people who plan to receive premium returns compared to other financial instruments, but they are highly volatile and risky due to the complex financial dynamics and poor understanding of the market forces involved in the price determination. A system that can forecast, predict the stock prices and automatically create a portfolio of top performing stocks is of great value to individual investors who do not have sufficient knowledge to understand the complex dynamics involved in evaluating and predicting stock prices. In this paper the authors propose a Stock prediction, Portfolio Generation and Selection model based on Machine learning algorithms, Artificial neural networks (ANNs) are used for stock price prediction, Mathematical and Statistical techniques are used for Portfolio generation and Un-Supervised Machine learning based on K-Means Clustering algorithms are used for Portfolio Evaluation and Selection which take in to account the Portfolio Return and Risk in to consideration. The model presented here is limited to predicting stock prices on a long term basis as the inputs to the model are based on fundamental attributes and intrinsic value of the stock. The results of this study are quite encouraging as the stock prediction models are able predict stock prices at least a financial quarter in advance with an accuracy of around 90 percent and the portfolio selection classifiers are giving returns in excess of average market returns.

Analysis of wind farm power prediction sensitivity for wind speed error using LSTM deep learning model (LSTM 딥러닝 신경망 모델을 이용한 풍력발전단지 풍속 오차에 따른 출력 예측 민감도 분석)

  • Minsang Kang;Eunkuk Son;Jinjae Lee;Seungjin Kang
    • Journal of Wind Energy
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    • v.15 no.2
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    • pp.10-22
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    • 2024
  • This research is a comprehensive analysis of wind power prediction sensitivity using a Long Short-Term Memory (LSTM) deep learning neural network model, accounting for the inherent uncertainties in wind speed estimation. Utilizing a year's worth of operational data from an operational wind farm, the study forecasts the power output of both individual wind turbines and the farm collectively. Predictions were made daily at intervals of 10 minutes and 1 hour over a span of three months. The model's forecast accuracy was evaluated by comparing the root mean square error (RMSE), normalized RMSE (NRMSE), and correlation coefficients with actual power output data. Moreover, the research investigated how inaccuracies in wind speed inputs affect the power prediction sensitivity of the model. By simulating wind speed errors within a normal distribution range of 1% to 15%, the study analyzed their influence on the accuracy of power predictions. This investigation provided insights into the required wind speed prediction error rate to achieve an 8% power prediction error threshold, meeting the incentive standards for forecasting systems in renewable energy generation.

Analysis of the Public Service Pension System Using Pension Projection Model: Focused on General Civil Servants (연금 추계 모형을 이용한 공무원연금제도 분석-일반직 공무원을 중심으로)

  • Bongjoon Kim;Bohyun Yoon
    • Asia-Pacific Journal of Business
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    • v.15 no.3
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    • pp.449-468
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    • 2024
  • Purpose - The purpose of this study was to analyze the civil servant pension system in Korea, focusing on general administrative officials. Design/methodology/approach - This study developed a pension projection model that reflects the latest reforms and applied it to forecast the income replacement ratio and benefit ratios. Based on these projections, the study examined financial trends and proposed necessary reforms to ensure sustainability, such as adjusting the pension age. Findings - First, the benefit ratio decreases with later birth cohorts, showing that the reforms have reduced benefit gaps across generations. Second, while fairness within the same generation shows little difference between ranks, differences in income levels still result in significant disparities in pension amounts. Lastly, the pension deficit is expected to increase until 2029, after which it will gradually decrease, though further reforms are needed to ensure long-term financial sustainability. Research implications or Originality - This study is the first to comprehensively assess the fairness and sustainability of the civil servant pension system in Korea, considering both inter- and intra-generational equity. The findings provide valuable insights for policymakers aiming to ensure the system's sustainability as well as maintaining fairness across different cohorts and income levels.

A Case Study on Crime Prediction using Time Series Models (시계열 모형을 이용한 범죄예측 사례연구)

  • Joo, Il-Yeob
    • Korean Security Journal
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    • no.30
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    • pp.139-169
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    • 2012
  • The purpose of this study is to contribute to establishing the scientific policing policies through deriving the time series models that can forecast the occurrence of major crimes such as murder, robbery, burglary, rape, violence and identifying the occurrence of major crimes using the models. In order to achieve this purpose, there were performed the statistical methods such as Generation of Time Series Model(C) for identifying the forecasting models of time series, Generation of Time Series Model(C) and Sequential Chart of Time Series(N) for identifying the accuracy of the forecasting models of time series on the monthly incidence of major crimes from 2002 to 2010 using IBM PASW(SPSS) 19.0. The following is the result of the study. First, murder, robbery, rape, theft and violence crime's forecasting models of time series are Simple Season, Winters Multiplicative, ARIMA(0,1,1)(0,1,1), ARIMA(1,1,0 )(0,1,1) and Simple Season. Second, it is possible to forecast the short-term's occurrence of major crimes such as murder, robbery, burglary, rape, violence using the forecasting models of time series. Based on the result of this study, we have to suggest various forecasting models of time series continuously, and have to concern the long-term forecasting models of time series which is based on the quarterly, yearly incidence of major crimes.

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Development of Model for Optimal Concession Period in PPPs Considering Traffic Risk (교통량 위험을 고려한 도로 민간투자사업 적정 관리운영기간 산정 모형 개발)

  • KU, Sukmo;LEE, Seungjae
    • Journal of Korean Society of Transportation
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    • v.34 no.5
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    • pp.421-436
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    • 2016
  • Public-Private-Partnerships tend to be committed high project development cost and recover the cost through future revenue during the operation period. In general, long-term concession can bring on more revenue to private investors, but short-term concession less revenue due to the short recovering opportunities. The concession period is usually determined by government in advance or by the private sectors's proposal although it is a very crucial factor for the PPPs. Accurate traffic forecasting should be most important in planing and evaluating the operation period in that the forecasted traffic determines the project revenue with user fees in PPPs. In this regards, governments and the private investors are required to consider the traffic forecast risk when determining concession period. This study proposed a model for the optimal concession period in the PPPs transportation projects. Monte Carlo simulation was performed to find out the optimal concession period while traffic forecast uncertainty is considered as a project risk under the expected return of the private sector. The simulation results showed that the optimal concession periods are 17 years and 21 years at 5.5% and 7% discount level, respectively. This study result can be applied for the private investors and/or any other concerned decision makers for PPPs projects to set up a more resonable concession period.

Spatiotemporal Errors and Limitations of LDAPS-based Precipitation Forecast Data Used in Coastal Numerical Models (연안해양 수치모델에 활용되는 LDAPS 강우예측 자료의 시공간 오차와 한계점 연구)

  • Sung Eun Park;Junmo Jo;Kee Young Kwon;Kyunghoi Kim
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.30 no.5
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    • pp.407-414
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    • 2024
  • This study analyzed the spatiotemporal errors and limitations of LDAPS-based rainfall forecast data used in coastal ocean numerical models and verified their reliability by comparing them with the rainfall data for 2020 from three rain gauges located around Jinhae Bay, South Korea. The results indicated that although LDAPS-based rainfall data generally reproduced long-term trends, they exhibited significant discrepancies in short-term variations. The quantitative error in annual rainfall was 197.5 mm, which increased to 285.4 mm for summer, indicating that the difference in the cumulative rainfall prediction increases for seasons with high rainfall variability. Furthermore, the rainfall-time predictions exhibited a temporal delay of approximately 8 h, suggesting that temporal errors in the LDAPS-based rainfall data could significantly reduce the accuracy of coastal environment predictions. The indiscriminate use of these data, which fail to accurately reflect coastal rainfall, could lead to serious issues in predicting coastal environmental changes caused by pollutants or extreme rainfall events. Therefore, to appropriately use LDAPS-based rainfall data, it is necessary to improve their accuracy through comprehensive verifications and further refinements.

Long-term forecasting reference evapotranspiration using statistically predicted temperature information (통계적 기온예측정보를 활용한 기준증발산량 장기예측)

  • Kim, Chul-Gyum;Lee, Jeongwoo;Lee, Jeong Eun;Kim, Hyeonjun
    • Journal of Korea Water Resources Association
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    • v.54 no.12
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    • pp.1243-1254
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    • 2021
  • For water resources operation or agricultural water management, it is important to accurately predict evapotranspiration for a long-term future over a seasonal or monthly basis. In this study, reference evapotranspiration forecast (up to 12 months in advance) was performed using statistically predicted monthly temperatures and temperature-based Hamon method for the Han River basin. First, the daily maximum and minimum temperature data for 15 meterological stations in the basin were derived by spatial-temporal downscaling the monthly temperature forecasts. The results of goodness-of-fit test for the downscaled temperature data at each site showed that the percent bias (PBIAS) ranged from 1.3 to 6.9%, the ratio of the root mean square error to the standard deviation of the observations (RSR) ranged from 0.22 to 0.27, the Nash-Sutcliffe efficiency (NSE) ranged from 0.93 to 0.95, and the Pearson correlation coefficient (r) ranged from 0.97 to 0.98 for the monthly average daily maximum temperature. And for the monthly average daily minimum temperature, PBIAS was 7.8 to 44.7%, RSR was 0.21 to 0.25, NSE was 0.94 to 0.96, and r was 0.98 to 0.99. The difference by site was not large, and the downscaled results were similar to the observations. In the results of comparing the forecasted reference evapotranspiration calculated using the downscaled data with the observed values for the entire region, PBIAS was 2.2 to 5.4%, RSR was 0.21 to 0.28, NSE was 0.92 to 0.96, and r was 0.96 to 0.98, indicating a very high fit. Due to the characteristics of the statistical models and uncertainty in the downscaling process, the predicted reference evapotranspiration may slightly deviate from the observed value in some periods when temperatures completely different from the past are observed. However, considering that it is a forecast result for the future period, it will be sufficiently useful as information for the evaluation or operation of water resources in the future.

Short-term Peak Power Demand Forecasting using Model in Consideration of Weather Variable (기상 변수를 고려한 모델에 의한 단기 최대전력수요예측)

  • 고희석;이충식;최종규;지봉호
    • Journal of the Institute of Convergence Signal Processing
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    • v.2 no.3
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    • pp.73-78
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    • 2001
  • BP neural network model and multiple-regression model were composed for forecasting the special-days load. Special-days load was forecasted using that neural network model made use of pattern conversion ratio and multiple-regression made use of weekday-change ratio. This methods identified the suitable as that special-days load of short and long term was forecasted with the weekly average percentage error of 1∼2[%] in the weekly peak load forecasting model using pattern conversion ratio. But this methods were hard with special-days load forecasting of summertime. therefore it was forecasted with the multiple-regression models. This models were used to the weekday-change ratio, and the temperature-humidity and discomfort-index as explanatory variable. This methods identified the suitable as that compared forecasting result of weekday load with forecasting result of special-days load because months average percentage error was alike. And, the fit of the presented forecast models using statistical tests had been proved. Big difficult problem of peak load forecasting had been solved that because identified the fit of the methods of special-days load forecasting in the paper presented.

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