Load forecasting is an important component for power system energy management system. Precise load forecasting helps the electric utility to make unit commitment decisions, reduce spinning reserve capacity and schedule device maintenance plan properly and it also reduces the generation cost and increases reliability of power systems. In this work, a fuzzy logic approach for short term load fore...

This paper presents an application of Artificial Neural Network (ANN) to forecast actual cost of a project based on the earned value management system (EVMS). For this purpose, some projects randomly selected based on the standard data set , and it is produced necessary progress data such as actual cost ,actual percent complete , baseline cost and percent complete for five periods of project. T...

There are certain performance parameters like packet delay, delay variation (jitter) and loss, which are decision factors for online quality of service (QoS) traffic routing. Although considerable efforts have been placed on the Internet to assure QoS, the dominant TCP/IP like the best-effort communications policy does not provide sufficient guarantee without abrupt change in the protocols. Est...

Plant and system operators are looking for reliable products meeting high technical requirements while providing maximum economic benefit throughout the life cycle. Calculating life cycle costs different operating conditions have to be considered to provide reliable decision making assistance. If data for a direct probability measurement may not be available, expert knowledge needs to be consid...

— In power systems the next day’s power generation must be scheduled every day, day ahead short-term load forecasting (STLF) is a necessary daily task for power dispatch. Its accuracy affects the economic operation and reliability of the system greatly. Under prediction of STLF leads to insufficient reserve capacity preparation and in turn, increases the operating cost by using expensive peakin...

Purpose: Intermittent demand appears sporadically, with some time periods not even displaying any demand at all. Even so, such patterns constitute considerable proportions of the total stock in many industrial settings. Forecasting intermittent demand is a rather difficult task but of critical importance for corresponding cost savings. The current study examines the empirical outcomes of three ...

It is often claimed that managers do not read serious research papers in journals. If true, this neglect would seem to pose a problem because journals are the dominant source of knowledge in management science. By examining results from the forecasting principles project, which was designed to summarize all useful knowledge in forecasting, we found that journals have provided 89 percent of the ...