The import market forecasting model of substitute energy vehicle with BPN and GM(1,1)

Shih-Wen Hsiao, Fu Yuan Chiu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Entering into a high energy consumption era, people start taking notice of the substitute energy vehicle. In this article, two import market forecasting models, BPN and GM (1, 1) for the growth of substitute energy vehicle in Taiwan are proposed. The four parameters used in the forecasting models include: the quantity of new registered passenger car, petrol prices, sales volume of domestics cars, and EUR to TWD exchange rate. The results show that these two models are applicable to the case, and the BPN model is suggested for the case with sufficient historical data, while the GM (1, 1) model is suggested for the case with insufficient historical data. The results will provide the automobile Factory with an effective consultation on matters pertaining to procurement and business operations.

Original languageEnglish
Title of host publicationProceedings of the 16th IASTED International Conference on Applied Simulation and Modelling, ASM 2007
Pages382-385
Number of pages4
Publication statusPublished - 2007 Dec 1
Event16th IASTED International Conference on Applied Simulation and Modelling, ASM 2007 - Palma de Mallorca, Spain
Duration: 2007 Aug 292007 Aug 31

Publication series

NameProceedings of the 16th IASTED International Conference on Applied Simulation and Modelling, ASM 2007

Other

Other16th IASTED International Conference on Applied Simulation and Modelling, ASM 2007
Country/TerritorySpain
CityPalma de Mallorca
Period07-08-2907-08-31

All Science Journal Classification (ASJC) codes

  • Modelling and Simulation

Fingerprint

Dive into the research topics of 'The import market forecasting model of substitute energy vehicle with BPN and GM(1,1)'. Together they form a unique fingerprint.

Cite this