The Management of Asymmetric Risk in a Modern Investment Portfolio. Due to compulsory superannuation legislation, the future lifestyle of all Australians is dependent upon the successful management of investment funds. A large component of funds management is risk management. This project will generate practical management tools to enable portfolio managers to significantly enhance their risk-management strategies. A direct link between risk management and performance drives funds managers to ....The Management of Asymmetric Risk in a Modern Investment Portfolio. Due to compulsory superannuation legislation, the future lifestyle of all Australians is dependent upon the successful management of investment funds. A large component of funds management is risk management. This project will generate practical management tools to enable portfolio managers to significantly enhance their risk-management strategies. A direct link between risk management and performance drives funds managers to carefully manage their risk exposure. Any developments that reduce the risk of a portfolio will ultimately enhance portfolio returns. Higher returns on superannuation investments will result in an improved future standard of living for all Australians.Read moreRead less
Development of a High Integrity Airborne Navigation Sensor for Aviation Communities using Terrestrial Based Infrastructure. The widespread adoption of GPS for aviation, which will allow safer and cheaper air-travel, is hindered by the lack of integrity (truth) information in the system. This research will develop new methodologies, based on low-cost MEMS sensors, to improve the integrity availability of the GPS when augmented with the Ground-based Regional GPS Augmentation System (GRAS). These m ....Development of a High Integrity Airborne Navigation Sensor for Aviation Communities using Terrestrial Based Infrastructure. The widespread adoption of GPS for aviation, which will allow safer and cheaper air-travel, is hindered by the lack of integrity (truth) information in the system. This research will develop new methodologies, based on low-cost MEMS sensors, to improve the integrity availability of the GPS when augmented with the Ground-based Regional GPS Augmentation System (GRAS). These methodologies will be used in the development of next generation airborne navigation sensors. The work builds on the world-leading position that Airservices Australia has made in the development of the GRAS, the navigation expertise of GPSat Systems and the GPS expertise of the QUT.Read moreRead less
Remote Delivery and Capture of Payloads using Aerial Deployed Tethers. The capability to rapidly transport payloads to and from remote locations is critical for search and rescue, disaster relief, remote communities, and military operations. Conventional technology is not well suited to this role, hence we propose to develop an intelligent system to manoeuvre a tether, towed from an aircraft, to pick-up or set-down a payload, with zero surface velocity. Because of the complex, nonlinear dynamics ....Remote Delivery and Capture of Payloads using Aerial Deployed Tethers. The capability to rapidly transport payloads to and from remote locations is critical for search and rescue, disaster relief, remote communities, and military operations. Conventional technology is not well suited to this role, hence we propose to develop an intelligent system to manoeuvre a tether, towed from an aircraft, to pick-up or set-down a payload, with zero surface velocity. Because of the complex, nonlinear dynamics of a cable-body system, advanced modelling and nonlinear optimal control will be applied in this task. The resulting world-first system will provide important economic opportunities and demonstrate Australian scientific capacity for novel developing intelligent systems.Read moreRead less
Investigation of Delay Propagation in Airline Schedules and the Impact on Network Reliability. This project will investigate the phenomenon of delay propagation in airline schedules and potential ways to mitigate the impact on network reliability. This project will improve our understanding of the complex behaviour of airline schedule systems in dealing with delay propagation and significantly enhance airlines' ability of controlling schedule delays. Australian airlines and passengers will benef ....Investigation of Delay Propagation in Airline Schedules and the Impact on Network Reliability. This project will investigate the phenomenon of delay propagation in airline schedules and potential ways to mitigate the impact on network reliability. This project will improve our understanding of the complex behaviour of airline schedule systems in dealing with delay propagation and significantly enhance airlines' ability of controlling schedule delays. Australian airlines and passengers will benefit from this project by improving schedule reliability, reducing schedule delays and delay costs, which are estimated at a hundred million dollars per year. This saving will also benefit passengers through lower fares. Developed scheduling methodologies are applicable to all other airlines.Read moreRead less