Condition-based maintenance optimisation for Australian sugar industry. The aim of this project is to develop innovative methodologies for the implementation of condition-based maintenance in the sugar milling industry. This is designed to optimise the allocation of limited maintenance resources and to significantly reduce the $350 million spent on maintenance in the industry each year. New methodologies will account for the seasonality of production and the complexity of allocating limited main ....Condition-based maintenance optimisation for Australian sugar industry. The aim of this project is to develop innovative methodologies for the implementation of condition-based maintenance in the sugar milling industry. This is designed to optimise the allocation of limited maintenance resources and to significantly reduce the $350 million spent on maintenance in the industry each year. New methodologies will account for the seasonality of production and the complexity of allocating limited maintenance resources across numerous equipment items and different production sites. The intended outcome of the project will improve the efficiency of maintenance and hence the global competitiveness of the Australian sugar industry.Read moreRead less
ARC Centre of Excellence for Mathematical and Statistical Frontiers of Big Data, Big Models, New Insights. In today's world, massive amounts of data in a variety of forms are collected daily from a multitude of sources. Many of the resulting data sets have the potential to make vital contributions to society, business and government, as well as impact on international developments, but are so large or complex that they are difficult to process and analyse using traditional tools. The aim of this ....ARC Centre of Excellence for Mathematical and Statistical Frontiers of Big Data, Big Models, New Insights. In today's world, massive amounts of data in a variety of forms are collected daily from a multitude of sources. Many of the resulting data sets have the potential to make vital contributions to society, business and government, as well as impact on international developments, but are so large or complex that they are difficult to process and analyse using traditional tools. The aim of this Centre is to create innovative mathematical and statistical models that can uncover the knowledge concealed within the size and complexity of these big data sets, with a focus on using the models to deliver insight into problems vital to the Centre's Collaborative Domains: Healthy People, Sustainable Environments and Prosperous Societies.Read moreRead less
Pathways to agri-food supply chains that co-benefit people and nature. This project aims to improve biodiversity outcomes of agricultural food production and consumption, and expects to generate new knowledge about impacts of interventions and shocks on the environment, human health and livelihoods in agri-food systems. This will be achieved using an interdisciplinary approach that accounts for uncertainties in links between farmers, suppliers, consumers and supply-chain outcomes. The expected o ....Pathways to agri-food supply chains that co-benefit people and nature. This project aims to improve biodiversity outcomes of agricultural food production and consumption, and expects to generate new knowledge about impacts of interventions and shocks on the environment, human health and livelihoods in agri-food systems. This will be achieved using an interdisciplinary approach that accounts for uncertainties in links between farmers, suppliers, consumers and supply-chain outcomes. The expected outcome is a value of information framework for identifying nature-friendly policies and actions with co-benefits for human well-being. Benefits include sustainability pathways with win-win outcomes for people and nature, and improved ways of meeting international commitments such as Sustainable Development Goals.Read moreRead less
An intelligent machine modelling assistant for combinatorial optimisation. This project aims to discover key fundamental technologies for automating assistance to non-expert users in the formulation of mathematical models. Through automating the modelling of combinatorial optimization problems, this research will generate new knowledge to address the fundamental challenges of automatic mathematical modelling. This intelligent assistant will enable synthesis of new mathematical models through th ....An intelligent machine modelling assistant for combinatorial optimisation. This project aims to discover key fundamental technologies for automating assistance to non-expert users in the formulation of mathematical models. Through automating the modelling of combinatorial optimization problems, this research will generate new knowledge to address the fundamental challenges of automatic mathematical modelling. This intelligent assistant will enable synthesis of new mathematical models through the utilisation of pioneering natural language processing components and novel custom-made machine-readable knowledge bases. The outcome of this research will broaden access to high-quality models by non-expert workforce and alleviate the shortage of expert mathematicians, bringing significant social and economic benefits.Read moreRead less
Quantitative and qualitative aspects of Asian and Australian options. While Asian options are highly popular and traded over the counter all over the world, they are traded on an institutional basis in only very few countries. Australia is one of them. Variable purchase options (VPO's), where the payoff is determined by the quotient of a stock and its average price, are traded on the Australian stock exchange since 1992. They build an important component of the Australian derivatives market and ....Quantitative and qualitative aspects of Asian and Australian options. While Asian options are highly popular and traded over the counter all over the world, they are traded on an institutional basis in only very few countries. Australia is one of them. Variable purchase options (VPO's), where the payoff is determined by the quotient of a stock and its average price, are traded on the Australian stock exchange since 1992. They build an important component of the Australian derivatives market and are particularly interesting for foreign investors, who are not able to find this sort of financial product on their domestic markets. A better understanding of these products is necessary to maximize the benefits for Australia's financial markets and economy. Read moreRead less
Stable on-demand optimization for workforce and fleet logistics management. This project aims to conceive, develop and deploy innovative methodologies for stable on-demand workforce management and fleet logistics based on advanced decision-support systems. The outcome of this project will provide a new cloud-based real-time Optimisation Software-as-a-Service (OSaaS) platform that allows businesses to improve their productivity while reducing operating costs and their environmental footprint. Thi ....Stable on-demand optimization for workforce and fleet logistics management. This project aims to conceive, develop and deploy innovative methodologies for stable on-demand workforce management and fleet logistics based on advanced decision-support systems. The outcome of this project will provide a new cloud-based real-time Optimisation Software-as-a-Service (OSaaS) platform that allows businesses to improve their productivity while reducing operating costs and their environmental footprint. This is expected to support the manufacturing, retail, delivery and mobile fleets industries.Read moreRead less
Decomposition and Duality: New Approaches to Integer and Stochastic Integer Programming. Because of their rich modelling capabilities, integer programs are widely used in industry for decision making and planning. However their solution algorithms do not have the maturity of their cousins in convex optimisation, where the theory of strong duality is ubiquitous. Efficient methods for convex optimisation under uncertainty do not apply to the integer case, which is highly non-convex. Furthermore, i ....Decomposition and Duality: New Approaches to Integer and Stochastic Integer Programming. Because of their rich modelling capabilities, integer programs are widely used in industry for decision making and planning. However their solution algorithms do not have the maturity of their cousins in convex optimisation, where the theory of strong duality is ubiquitous. Efficient methods for convex optimisation under uncertainty do not apply to the integer case, which is highly non-convex. Furthermore, integer models usually assume the data is known with certainty, which is often not the case in the real world. This project will develop new theory and algorithms to enhance the analysis of integer models, including those that incorporating uncertainty, while also enabling the use of parallel computing paradigms. Read moreRead less
Mathematics and computing for integrated stockyard-centric management of mining supply chains. Blended mineral products, such as coal and iron ore, make a strong contribution to Australia's economy. Blending occurs in stockpiles, so to realise product value, stockyard and supply chain operational plans must align with blend targets. This project will provide new mathematical and computational planning tools to maximise this value.
New theory and methods for robust global optimisation: modern decision-making under uncertain conditions. The project will produce enhanced optimisation methodologies for solving a wide range of industrial and scientific problems that are affected by data uncertainty and are currently too complex to be solved. The work has the potential to improve the quality and the performance of various Australian industries and many areas of scientific research.
Switching Dynamics Approach for Distributed Global Optimisation . This project aims to create a breakthrough switching dynamics approach and new technology to speed up finding optimal solutions. It will develop a distributed switching dynamics based optimisation scheme for global optimisation problems in industrial big-data environments where timely decision making is required. It will result in a practical technology for industry optimisation problems such as economic energy dispatch in smart g ....Switching Dynamics Approach for Distributed Global Optimisation . This project aims to create a breakthrough switching dynamics approach and new technology to speed up finding optimal solutions. It will develop a distributed switching dynamics based optimisation scheme for global optimisation problems in industrial big-data environments where timely decision making is required. It will result in a practical technology for industry optimisation problems such as economic energy dispatch in smart grids and optimal charging and discharging tasks in a large network of electric vehicles, helping Australian power industry improve efficiency and security, as well as training the next generation scientists and engineers for Australia in this emerging field.Read moreRead less