25,615 research outputs found
A decision support system for demand and capacity modelling of an accident and emergency department
© 2019 Operational Research Society.Accident and emergency (A&E) departments in England have been struggling against severe capacity constraints. In addition, A&E demands have been increasing year on year. In this study, our aim was to develop a decision support system combining discrete event simulation and comparative forecasting techniques for the better management of the Princess Alexandra Hospital in England. We used the national hospital episodes statistics data-set including period April, 2009 â January, 2013. Two demand conditions are considered: the expected demand condition is based on A&E demands estimated by comparing forecasting methods, and the unexpected demand is based on the closure of a nearby A&E department due to budgeting constraints. We developed a discrete event simulation model to measure a number of key performance metrics. This paper presents a crucial study which will enable service managers and directors of hospitals to foresee their activities in future and form a strategic plan well in advance.Peer reviewe
Does money matter in inflation forecasting?.
This paper provides the most fully comprehensive evidence to date on whether or not monetary aggregates are valuable for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money, including different methods of aggregation and different collections of included monetary assets. In our forecasting experiment we use two non-linear techniques, namely, recurrent neural networks and kernel recursive least squares regression - techniques that are new to macroeconomics. Recurrent neural networks operate with potentially unbounded input memory, while the kernel regression technique is a finite memory predictor. The two methodologies compete to find the best fitting US inflation forecasting models and are then compared to forecasts from a naive random walk model. The best models were non-linear autoregressive models based on kernel methods. Our findings do not provide much support for the usefulness of monetary aggregates in forecasting inflation
Achieving the Dispatchability of Distribution Feeders through Prosumers Data Driven Forecasting and Model Predictive Control of Electrochemical Storage
We propose and experimentally validate a control strategy to dispatch the
operation of a distribution feeder interfacing heterogeneous prosumers by using
a grid-connected battery energy storage system (BESS) as a controllable element
coupled with a minimally invasive monitoring infrastructure. It consists in a
two-stage procedure: day-ahead dispatch planning, where the feeder 5-minute
average power consumption trajectory for the next day of operation (called
\emph{dispatch plan}) is determined, and intra-day/real-time operation, where
the mismatch with respect to the \emph{dispatch plan} is corrected by applying
receding horizon model predictive control (MPC) to decide the BESS
charging/discharging profile while accounting for operational constraints. The
consumption forecast necessary to compute the \emph{dispatch plan} and the
battery model for the MPC algorithm are built by applying adaptive data driven
methodologies. The discussed control framework currently operates on a daily
basis to dispatch the operation of a 20~kV feeder of the EPFL university campus
using a 750~kW/500~kWh lithium titanate BESS.Comment: Submitted for publication, 201
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