Discovery Early Career Researcher Award - Grant ID: DE240101190

Funder

Australian Research Council

Funding Amount

$451,000.00

Summary

Innovating and Validating Scalable Monte Carlo Methods. This project aims to develop innovative scalable Monte Carlo methods for statistical analysis in the presence of big data or complex mathematical models. Existing approaches to scalable Monte Carlo are only approximate, and their inaccuracies are difficult to quantify. This can have a detrimental impact on data-based decision making. The expected outcomes of this project are scalable Monte Carlo methods that are more accurate, fast and capa .... Innovating and Validating Scalable Monte Carlo Methods. This project aims to develop innovative scalable Monte Carlo methods for statistical analysis in the presence of big data or complex mathematical models. Existing approaches to scalable Monte Carlo are only approximate, and their inaccuracies are difficult to quantify. This can have a detrimental impact on data-based decision making. The expected outcomes of this project are scalable Monte Carlo methods that are more accurate, fast and capable of quantifying inaccuracies. Scientists and decision-makers will benefit from the ability to obtain timely, reliable insights for challenging applications.
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