• Title/Summary/Keyword: supply and demand forecasting

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Electricity forecasting model using specific time zone (특정 시간대 전력수요예측 시계열모형)

  • Shin, YiRe;Yoon, Sanghoo
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.2
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    • pp.275-284
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    • 2016
  • Accurate electricity demand forecasts is essential in reducing energy spend and preventing imbalance of the power supply. In forcasting electricity demand, we considered double seasonal Holt-Winters model and TBATS model with sliding window. We selected a specific time zone as the reference line of daily electric demand because it is least likely to be influenced by external factors. The forecasting performance have been evaluated in terms of RMSE and MAPE criteria. We used the observations ranging January 4, 2009 to December 31 for testing data. For validation data, the records has been used between January 1, 2012 and December 29, 2012.

Development of a System Dynamics Model for Forecasting the Automobile Market (시스템다이내믹스 기법을 활용한 차급별 월간 자동차 수요 예측 모델 개발)

  • 곽상만;김기찬;안수웅;장원혁;홍정석
    • Korean System Dynamics Review
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    • v.3 no.1
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    • pp.79-104
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    • 2002
  • A system dynamics project is going on for forecasting automobile market in Korea. The project is made up of three stages, and the first stage has been wrapped up. As the first attempt, most efforts have been focused on the sound foundation rather than the exact forecast. The model consists of three sectors; the supply sector, the demand sector, and the population sector. The supply sector is a simple stock and flow diagrams representing the supply capacities of all automobile types. The major effort is made on the demand sector and the population sector. The demands are divided into three categories; replacement demands, new demands, and additional demands. The model applies “one car per person" concept, and assumes there will be no additional demands for a while. The replacement demands are calculated based on a simple stock and flow diagram. The new demands are calculated via Bass models; each bass model represents a diffusion for each age group. The population is divided into 101 age groups (age 0 to age 100). The model has been calibrated with past 10 year data (1990 - 1999), and tested for the next two years (2000-2001). The results ware acceptable, although a fine tuning is required. Now the second stage is going on, and most of efforts are made how to incorporate the economic and cultural factors.

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A Study of Measuring Forecasting Accuracy Under Rromotion System (인위적인 수요창출 하에서 서비스부품의 수요예측의 정확도)

  • Rhee, Young
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.33 no.3
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    • pp.10-21
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    • 2010
  • Promotion system can be used as strategical management weapon to enhance the sales power. Planned order system has some similarities with promotion system to create purchasing power and to supply the service parts with low price on purpose. The only difference is whether it is prearranged event or not. The effectiveness of forecasting has increased with normal state of ordering process. However, the accuracy of forecasting has diminished with irregular state of ordering, such as demand occurrences by unexpected climate change or intended planned order by the company. A planned order system is examined through the process of computing the effectiveness on the basis of forecasting in this paper. And it is suggested that how to increase the accuracy of forecasting capability under the planned order system.

Economic Evaluation of Delayed Product Differentiation: Literature Review (제품 차별화 지연생산의 경제적 타당성: 문헌연구)

  • Lee, Ho-Chang
    • IE interfaces
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    • v.17 no.1
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    • pp.56-70
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    • 2004
  • Expanding product variety and high customer service provision place an enormous burden on demand forecasting and the matching of supply with demand in a supply chain. Postponement of product differentiation has been found to be powerful means to improve supply chain performance in the presence of increasing product variety. Delaying the point of product differentiation implies that the process would not commit the work-in-process into a particular finished product until a later point. This paper reviews the recent analytical models that quantify the value of delayed product differentiation. We conclude the literature review by summarizing and synthesizing the economic evaluation of the postponement and outline directions for future research.

Machine Learning-based hydrogen charging station energy demand prediction model (머신러닝 기반 수소 충전소 에너지 수요 예측 모델)

  • MinWoo Hwang;Yerim Ha;Sanguk Park
    • Journal of Internet Computing and Services
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    • v.24 no.2
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    • pp.47-56
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    • 2023
  • Hydrogen energy is an eco-friendly energy that produces heat and electricity with high energy efficiency and does not emit harmful substances such as greenhouse gases and fine dust. In particular, smart hydrogen energy is an economical, sustainable, and safe future smart hydrogen energy service, which means a service that stably operates based on 'data' by digitally integrating hydrogen energy infrastructure. In this paper, in order to implement a data-based hydrogen charging station demand forecasting model, three hydrogen charging stations (Chuncheon, Sokcho, Pyeongchang) installed in Gangwon-do were selected, supply and demand data of hydrogen charging stations were secured, and 7 machine learning and deep learning algorithms were used. was selected to learn a model with a total of 27 types of input data (weather data + demand for hydrogen charging stations), and the model was evaluated with root mean square error (RMSE). Through this, this paper proposes a machine learning-based hydrogen charging station energy demand prediction model for optimal hydrogen energy supply and demand.

A Study on Forecasting Demand and Supply of Marine Officer for Korean Ocean-Going Merchant Vessels (외항 상선 해기사 인력 수요 및 공급 예측에 관한 연구)

  • Sang-hoon Shin;Yong-John Shin
    • Journal of Navigation and Port Research
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    • v.48 no.1
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    • pp.7-16
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    • 2024
  • Although the number of ocean-going merchant ships is increasing, the number of Korean marine officers is decreasing. This manpower shortage problem is becoming more serious. This study objectively measured factors determining the demand and supply of ocean-going merchant ship officers and forecasted the exact manpower demand and supply. Demand was predicted by applying the number of ship officers required for each ship size to the number of ships forecasted. The supply was predicted by segmenting by position and age using the Markov model, reflecting increase/decrease factors such as promotion, turnover, retirement, and new entry by year. The demand for ocean-going merchant ship officers will increase from 11,638 in 2023 to 13,879 in 2030 while the supply will decrease from7,006 in 2023 to 6,426 in 2030, with the shortage expected to exceed 10,000 in 2040. This study can be used as a reference to solve the problem of manpower shortage for ocean-going merchant ship officers by improving the accuracy of predictions through objective data, scientific analysis methods, and logical reasoning.

A Study on the Improvement of the Method to Evaluate the Status of Parking Supply and Demand (주차장 수급실태 평가 방법의 개선에 관한 연구)

  • Shin, Hyoung O;Yoon, Jae Yong;Choi, Jin Seon;Lee, Eui Eun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.39 no.2
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    • pp.351-359
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    • 2019
  • In order to improve the problem of parking which is getting worse day by day, the municipality carries out a survey on the actual situation of the parking lot supply and demand periodically according to the related law. However, in the existing evaluation method, the parking demand that occurs under the condition that the demand is suppressed by the parking supply and regulation due to the limit of the survey method is investigated. In addition, the analysis is conducted only for the present year, and prediction and analysis of future parking problems are limited. Therefore, we propose a method to evaluate the status of parking supply and demand, which is differentiated to improve the problem of the existing evaluation method. As a result, comparing the existing method with the improved method, it can be seen that the improved evaluation method can be useful for establishing the long-term parking policy for the improvement of parking problems.

Secure power demand forecasting using regression analysis on Intel SGX (회귀 분석을 이용한 Intel SGX 상의 안전한 전력 수요 예측)

  • Yoon, Yejin;Im, Jong-Hyuk;Lee, Mun-Kyu
    • The Journal of Korean Institute of Next Generation Computing
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    • v.13 no.4
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    • pp.7-18
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    • 2017
  • Electrical energy is one of the most important energy sources in modern society. Therefore, it is very important to control the supply and demand of electric power. However, the power consumption data needed to predict power demand may include the information about the private behavior of an individual, the analysis of which may raise privacy issues. In this paper, we propose a secure power demand forecasting method where regression analyses on power consumption data are conducted in a trusted execution environment provided by Intel SGX, keeping the power usage pattern of users private. We performed experiments using various regression equations and selected an equation which has the least error rate. We show that the average error rate of the proposed method is lower than those of the previous forecasting methods with privacy protection functionality.

Comparison of Power Consumption Prediction Scheme Based on Artificial Intelligence (인공지능 기반 전력량예측 기법의 비교)

  • Lee, Dong-Gu;Sun, Young-Ghyu;Kim, Soo-Hyun;Sim, Issac;Hwang, Yu-Min;Kim, Jin-Young
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.19 no.4
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    • pp.161-167
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    • 2019
  • Recently, demand forecasting techniques have been actively studied due to interest in stable power supply with surging power demand, and increase in spread of smart meters that enable real-time power measurement. In this study, we proceeded the deep learning prediction model experiments which learns actual measured power usage data of home and outputs the forecasting result. And we proceeded pre-processing with moving average method. The predicted value made by the model is evaluated with the actual measured data. Through this forecasting, it is possible to lower the power supply reserve ratio and reduce the waste of the unused power. In this paper, we conducted experiments on three types of networks: Multi Layer Perceptron (MLP), Recurrent Neural Network (RNN), and Long Short Term Memory (LSTM) and we evaluate the results of each scheme. Evaluation is conducted with following method: MSE(Mean Squared Error) method and MAE(Mean Absolute Error).

A Study on Demand Selection in Supply Chain Distribution Planning under Service Level Constraints (서비스 수준 제약하의 공급망 분배계획을 위한 수요선택 방안에 관한 연구)

  • Park, Gi-Tae;Kim, Sung-Shick;Kwon, Ick-Hyun
    • Journal of the Korea Society for Simulation
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    • v.15 no.3
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    • pp.39-47
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    • 2006
  • In most of supply chain planning practices, the estimated demands, which are forecasted for each individual period in a forecasting window, are regarded as deterministic. But, in reality, the forecasted demands for the periods of a given horizon are stochastically distributed. Instead of using a safety stock, this study considers a direct control of service level by choosing the demand used in planning from the distributed forecasted demand values for the corresponding period. Using the demand quantile and echelon stock concept, we propose a simple but efficient heuristic algorithm for multi-echelon serial systems under service level constraints. Through a comprehensive simulation study, the proposed algorithm was shown to be very accurate compared with the optimal solutions.

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