14,964 research outputs found

    Mathematical Models for Natural Gas Forecasting

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    It is vital for natural gas Local Distribution Companies (LDCs) to forecast their customers\u27 natural gas demand accurately. A significant error on a single very cold day can cost the customers of the LDC millions of dollars. This paper looks at the financial implication of forecasting natural gas, the nature of natural gas forecasting, the factors that impact natural gas consumption, and describes a survey of mathematical techniques and practices used to model natural gas demand. Many of the techniques used in this paper currently are implemented in a software GasDayTM, which is currently used by 24 LDCs throughout the United States, forecasting about 20% of the total U.S. residential, commercial, and industrial consumption. Results of GasDay\u27sTM forecasting performance also is presented

    Energy demand models for policy formulation : a comparative study of energy demand models

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    This paper critically reviews existing energy demand forecasting methodologies highlighting the methodological diversities and developments over the past four decades in order to investigate whether the existing energy demand models are appropriate for capturing the specific features of developing countries. The study finds that two types of approaches, econometric and end-use accounting, are used in the existing energy demand models. Although energy demand models have greatly evolved since the early 1970s, key issues such as the poor-rich and urban-rural divides, traditional energy resources, and differentiation between commercial and non-commercial energy commodities are often poorly reflected in these models. While the end-use energy accounting models with detailed sector representations produce more realistic projections compared with the econometric models, they still suffer from huge data deficiencies especially in developing countries. Development and maintenance of more detailed energy databases, further development of models to better reflect developing country context, and institutionalizing the modeling capacity in developing countries are the key requirements for energy demand modeling to deliver richer and more reliable input to policy formulation in developing countries.Energy Production and Transportation,Energy Demand,Environment and Energy Efficiency,Energy and Environment,Economic Theory&Research

    Simulation support for internet-based energy services

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    The rapidly developing Internet broadband network offers new opportunities for deploying a range of energy, environment and health-related services for people in their homes and workplaces. Several of these services can be enabled or enhanced through the application of building simulation. This paper describes the infrastructure for e-services under test within a European research project and shows the potential for simulation support for these services

    The impact of location on housing prices: applying the Artificial Neural Network Model as an analytical tool.

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    The location of a residential property in a city directly affects its market price. Each location represents different values in variables such as accessibility, neighbourhood, traffic, socio-economic level and proximity to green areas, among others. In addition, that location has an influence on the choice and on the offer price of each residential property. The development of artificial intelligence, allows us to use alternative tools to the traditional methods of econometric modelling. This has led us to conduct a study of the residential property market in the city of Valencia (Spain). In this study, we will attempt to explain the aspects that determine the demand for housing and the behaviour of prices in the urban space. We used an artificial neutral network as a price forecasting tool, since this system shows a considerable improvement in the accuracy of ratings over traditional models. With the help of this system, we attempted to quantify the impact on residential property prices of issues such as accessibility, level of service standards of public utilities, quality of urban planning, environmental surroundings and other locational aspects.
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