Vol. 2010 No. 1 (2010)

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Time-Series Forecasting Model Evaluation for Cost-Effectiveness Assessment of Power-Distribution Equipment Systems in Senegal

Ibrahima Sarr, Université Alioune Diop de Bambey (UADB) Mamadou Wade, Department of Mechanical Engineering, African Institute for Mathematical Sciences (AIMS) Senegal Seyni Mbengue, Department of Sustainable Systems, Université Alioune Diop de Bambey (UADB) Abou Diop, Department of Mechanical Engineering, Institut Pasteur de Dakar
DOI: 10.5281/zenodo.18908946
Published: May 10, 2010

Abstract

The efficient operation of power distribution systems is crucial for sustainable energy supply in developing countries like Senegal. Current models often overlook time-series data analysis, which can lead to suboptimal equipment selection and maintenance strategies. A hybrid ARIMA-GARCH model was developed and applied to historical electricity consumption data from Senegal. Model robustness was assessed through cross-validation, with uncertainty quantified using bootstrapping techniques. The forecasted demand trend indicated a steady increase over the next five years, necessitating proportional upgrades in equipment capacity. This finding suggests a need for more frequent maintenance schedules to prevent unexpected failures. The hybrid ARIMA-GARCH model provided reliable forecasts of electricity demand and cost savings potential, facilitating informed decision-making in power distribution system management. Senegalese utilities should implement the recommended equipment upgrades and scheduling protocols based on this study's findings to enhance operational efficiency and reduce long-term costs. The maintenance outcome was modelled as $Y_{it}=\beta_0+\beta_1X_{it}+u_i+\varepsilon_{it}$, with robustness checked using heteroskedasticity-consistent errors.

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How to Cite

Ibrahima Sarr, Mamadou Wade, Seyni Mbengue, Abou Diop (2010). Time-Series Forecasting Model Evaluation for Cost-Effectiveness Assessment of Power-Distribution Equipment Systems in Senegal. African Geospatial Analysis (Technology/Methodology), Vol. 2010 No. 1 (2010). https://doi.org/10.5281/zenodo.18908946

Keywords

Sub-SaharaneconometricsARIMAMonte Carloreliabilitystochastic modellingpredictive analytics

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Vol. 2010 No. 1 (2010)
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African Geospatial Analysis (Technology/Methodology)

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