• Journal of Korean Society of Industrial and Systems Engineering
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• v.30 no.2
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• pp.89-98
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• 2007

In this paper the economic value of weather forecasts is valuated for profit-oriented enterprise decision-making situations. Value is estimated in terms of monetary profits (or benefits) resulted from the forecast user's decision under the specific payoff structure, which is represented by a profit/loss ratio model combined with a decision function and a value score (VS). The forecast user determines a business-related decision based on the probabilistic forecast, the user's subjective reliability of the forecasts, and the payoff structure specific to the user's business environment. The VS curve for a meteorological forecast is specified by a function of the various profit/loss ratios, providing the scaled economic value relative to the value of a perfect forecast. The proposed valuation method based on the profit/loss ratio model and the VS is adapted for hypothetical sets of forecasts and verified for site-specific probability of precipitation forecast of 12 hour and 24 hour-lead time, which is generated from Korea meteorological administration (KMA). The application results show that forecast information with shorter lead time can provide the decision-makers with great benefits and there are ranges of profit/loss ratios in which high subjective reliability of the given forecast is preferred.

• The Bulletin of The Korean Astronomical Society
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• v.36 no.2
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• pp.90.1-90.1
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• 2011

We are developing empirical space weather (geomagnetic storms, solar proton events, and solar flares) forecast models based on solar information. These models have been set up with the concept of probabilistic forecast using historical events. Major findings can be summarized as follows. First, we present a concept of storm probability map depending on CME parameters (speed and location). Second, we suggested a new geoeffective CME parameter, earthward direction parameter, directly observable from coronagraph observations, and demonstrated its importance in terms of the forecast of geomagnetic storms. Third, the importance of solar magnetic field orientation for storm occurrence was examined. Fourth, the relationship among coronal hole-CIR-storm relationship has been investigated, Fifth, the CIR forecast based on coronal hole information is possible but the storm forecast is challenging. Sixth, a new solar proton event (flux, strength, and rise time) forecast method depending on flare parameters (flare strength, duration, and longitude) as well as CME parameter (speed, angular width, and longitude) has been suggested. Seventh, we are examining the rates and probability of solar flares depending on sunspot McIntosh classification and its area change (as a proxy of flux change). Our results show that flux emergence greatly enhances the flare probability, about two times for flare productive sunspot regions.

• Atmosphere
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• v.30 no.2
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• pp.141-154
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• 2020

Seasonal forecast is growing in demand, as it provides valuable information for decision making and potential to reduce impact on weather events. This study examines how operational climate prediction systems can be reliable, producing the probability forecast in seasonal scale. A reliability diagram was used, which is a tool for the reliability by comparing probabilities with the corresponding observed frequency. It is proposed for a method grading scales of 1-5 based on the reliability diagram to quantify the reliability. Probabilities are derived from ensemble members using hindcast data. The analysis is focused on skill for 2 m temperature and precipitation from climate prediction systems in KMA, UKMO, and ECMWF, NCEP and JMA. Five categorizations are found depending on variables, seasons and regions. The probability forecast for 2 m temperature can be relied on while that for precipitation is reliable only in few regions. The probabilistic skill in KMA and UKMO is comparable with ECMWF, and the reliabilities tend to increase as the ensemble size and hindcast period increasing.

• Journal of Information Technology Applications and Management
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• v.14 no.4
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• pp.139-158
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• 2007

Information sharing is key to effective supply chain management. In reality, however, it is impossible to get perfect information. Accordingly, only uncertain information can be accessed in business environment, and thus it is important to deal with the uncertainties of information in managing supply chains. This study adopts meteorological forecast as a typical uncertain information. The meteorological events may affect the demands for various weather-sensitive goods, such as beer, ices, clothes, electricity etc. In this study, a beer distribution game is modified by introducing meterological forecast information provided in a probabilistic format. The behavior patterns of the modified beer supply chains are investigated. for two conditions using the weather forecast with or without an information sharing. A value score is introduced to generalize the well-known performance measures employed in the study of supply chains, i.e.. inventory, backlog, and deviation of orders. The simulation result showed that meterological forecast information used in an information sharing environment was more effective than without information sharing, which emphasizes the synergy of uncertain information added to the information sharing environment.

• Journal of the Society of Naval Architects of Korea
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• v.57 no.5
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• pp.305-311
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• 2020

This study presents a probabilistic time series forecast of ship structural response using Bayesian inference combined with Volterra linear model. The structural response of a ship exposed to irregular wave excitation was represented by a linear Volterra model and unknown uncertainties were taken care by probability distribution of time series. To achieve the goal, Volterra series of first order was expanded to a linear combination of Laguerre functions and the probability distribution of Laguerre coefficients is estimated using the prepared data by treating Laguerre coefficients as random variables. In order to check the validity of the proposed methodology, it was applied to a linear oscillator model containing damping uncertainties, and also applied to model test data obtained by segmented hull model of 400,000 DWT VLOC as a practical problem.

• Atmosphere
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• v.25 no.1
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• pp.1-18
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• 2015

The most objective way to overcome the limitation of numerical weather prediction model is to represent the uncertainty of prediction by introducing probabilistic forecast. The uncertainty of the numerical weather prediction system developed due to the parameterization of unresolved scale motions and the energy losses from the sub-scale physical processes. In this study, we focused on the growth of model errors. We performed ensemble forecast to represent model uncertainty. By employing the multi-physics scheme (PHYS) and the stochastic kinetic energy backscatter scheme (SKEBS) in simulating typhoon Rusa (2002), we assessed the performance level of the two schemes. The both schemes produced better results than the control run did in the ensemble mean forecast of the track. The results using PHYS improved by 28% and those based on SKEBS did by 7%. Both of the ensemble mean errors of the both schemes increased rapidly at the forecast time 84 hrs. The both ensemble spreads increased gradually during integration. The results based on SKEBS represented model errors very well during the forecast time of 96 hrs. After the period, it produced an under-dispersive pattern. The simulation based on PHYS overestimated the ensemble mean error during integration and represented the real situation well at the forecast time of 120 hrs. The displacement speed of the typhoon based on PHYS was closest to the best track, especially after landfall. In the sensitivity tests of the model uncertainty of SKEBS, ensemble mean forecast was sensitive to the physics parameterization. By adjusting the forcing parameter of SKEBS, the default experiment improved in the ensemble spread, ensemble mean errors, and moving speed.

• Journal of Korea Water Resources Association
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• v.38 no.6 s.155
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• pp.471-483
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• 2005

A monthly Ensemble Streamflow Prediction (ESP) system was developed by applying a daily rainfall-runoff model known as the Streamflow Synthesis and Reservoir Regulation (SSARR) model to the Han, Nakdong, and Seomjin River basins in Korea. This study first assesses the accuracy of the averaged monthly runoffs simulated by SSARR for the 3 basins and proposes some improvements. The study found that the SSARR modeling of the Han and Nakdong River basins tended to significantly underestimate the actual runoff levels and the modeling of the Seomjin River basinshowed a large error variance. However, by implementing optimal linear correction (OLC), the accuracy of the SSARR model was considerably improved in predicting averaged monthly runoffs of the Han and Nakdong River basins. This improvement was not seen in the modeling of the Seomjin River basin. In addition, the ESP system was applied to forecast probabilistic runoff forecasts one month in advance for the 3 river basins from 1998 to 2003. Considerably improvement was also achieved with OLC in probabilistic forecasting accuracy for the Han and Nakdong River basins, but not in that of the Seomjin River basin.

• The Journal of the Korea Contents Association
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• v.13 no.11
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• pp.382-395
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• 2013

The providers of meteorological information want to know the level of satisfaction of forecast users with their services. To provide better service, meteorological communities of each nation are administering a survey on satisfaction of forecast users. However, most researchers provided these users with simple questionnaires and the respondents had to choose one answer among different satisfaction levels. So, the results of this kind of survey have low explanation power and are difficult to use in developing strategy of forecast service. In this study, instead of cost-loss concept, we applied satisfaction-dissatisfaction concept to the $2{\times}2$ contingency table, which is a useful tool to evaluate value of forecast, and estimated satisfaction value of 24h precipitation forecasts in Shanghai, China and Seoul, Korea. Moreover, not only the individual satisfaction value of forecast but the user group's satisfaction value was evaluated. As for the result, it is effective to enhance forecast accuracy to improve the satisfaction value of deterministic forecast user group, but in the case of probabilistic forecast, it is important to know the level of dissatisfaction of user group and distribution of probability threshold of forecast users. These results can help meteorological communities to search for a solution which can provide better satisfaction value to forecast users.

• Journal of Korea Water Resources Association
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• v.44 no.10
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• pp.843-851
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• 2011

In hydrology, it is appropriate to use probabilistic method for forecasting mid/long term streamflow due to the uncertainty of input data. Through this study, it is expanded mid/long term forecasting system more effectively adding priory process function based on PDF-ratio method to the RRFS-ESP system for Guem River Basin. For implementing this purpose, weight is estimated using probabilistic weather forecasting information from KMA. Based on these results, ESP probability is updated per scenario. Through the estimated result per method, the average forecast score using ESP method is higher than that of naive forecasting and it confirmed that ESP method results in appropriate score for RRFS-ESP system. It is also shown that the score of ESP method applying revised inflow scenario using probabilistic weather forecasting is higher than that of ESP method. As a results, it will be improved the accuracy of forecasting using probabilistic weather forecasting.

• Korean Journal of Construction Engineering and Management
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• v.8 no.3
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• pp.76-86
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• 2007

Construction development work invents profit as those finalize object, and a make or break success of project depends on correct analysis and forecast business feasibility at project early. Business feasibility study would be decision-making under precarious situation because is connoting uncertainty that is future. estimate at present visual point essentially. Under uncertainty, a decision-making method is based on probability theory of statistics, but business feasibility study had applied with not feasibility study by probabilistic decision method but it by determinism derision method so far. Therefore in this study doing decision-making by a probability theory method for successful project at early business feasibility study, it present a probabilistic study method that use simulation that can supply a little more correct and reliable data to decision-maker As result, a probabilistic study method is more suitable than deterministic study method as technique for a financial feasibility study of construction development work. Making good use of this probabilistic study method at important business or careful decision-making, because efficient Judgment that is based accuracy and authoritativeness may become available.