New statistical tools for mineral exploration targeting and validation. Exploration for new mineral resources depends on information gleaned from geological survey data. This project confronts important, unsolved statistical problems in the analysis of geological survey data which have direct impact on exploration targeting.
Entropic Analysis of Financial Risk and Uncertainty. The recent financial crisis has shown that the financial markets are not as stable as expected, and are at risk from a lack of knowledge about new financial products and their risks. This research provides a framework to better measure and forecast financial risks by applying a set of techniques known collectively as entropic analysis as a novel way to measure the amount of information that can be extracted from historical data. The research w ....Entropic Analysis of Financial Risk and Uncertainty. The recent financial crisis has shown that the financial markets are not as stable as expected, and are at risk from a lack of knowledge about new financial products and their risks. This research provides a framework to better measure and forecast financial risks by applying a set of techniques known collectively as entropic analysis as a novel way to measure the amount of information that can be extracted from historical data. The research will facilitate the design of policies and regulations by regulatory authorities that need to evaluate new financial products, their associated risks and their impacts on the financial markets.Read moreRead less
Statistical methodology for events on a network, with application to road safety. This project develops new methods to analyse road traffic accident rates, aiming to identify accident black spots and to develop an evidence base for future road design and road safety management. These methods can be applied to other types of events on a network of roads, railways, rivers, electrical wires, communication networks or airline routes.
Visual tracking of multiple objects: A stochastic geometrical approach. Reliable real-time visual multiple-object tracking techniques will open up new applications that enhance the quality of life such as driving safety, traffic monitoring, home security, security and surveillance of public facilities. These new applications have huge commercial potentials, and the technology developed from this project will provide the catalyst for vibrant new industries to grow. In addition, the expertise deve ....Visual tracking of multiple objects: A stochastic geometrical approach. Reliable real-time visual multiple-object tracking techniques will open up new applications that enhance the quality of life such as driving safety, traffic monitoring, home security, security and surveillance of public facilities. These new applications have huge commercial potentials, and the technology developed from this project will provide the catalyst for vibrant new industries to grow. In addition, the expertise developed from the project will provide a competitive edge for Australian industries in aerospace, oceanography, robotics, remote sensing, and biomedical engineering. Read moreRead less
Making Ethics Work: A New Model for Business and Professional Ethics. Sound ethical practice is fundamental to long-term business success and organizational well-being. In developing a new framework for applied ethics, this project will enhance understanding of the foundations of ethics in business, organizational and professional contexts, as well as enabling improved ethical practice in those domains. As such, it will assist in strengthening Australia's social and cultural fabric, in promoting ....Making Ethics Work: A New Model for Business and Professional Ethics. Sound ethical practice is fundamental to long-term business success and organizational well-being. In developing a new framework for applied ethics, this project will enhance understanding of the foundations of ethics in business, organizational and professional contexts, as well as enabling improved ethical practice in those domains. As such, it will assist in strengthening Australia's social and cultural fabric, in promoting the conditions that facilitate innovation and creativity, in developing leadership capacities and organisational structures, and in supporting Australian business and industry through promoting greater ethical awareness and expertise.Read moreRead less
Stochastic Analysis with a View to Applications in Financial Risk Processes. Recent decades have seen explosive growth in applications of probability theory and statistics to the modelling of risk in finance and insurance. An intensive theoretical investigation into passage time and other problems for Levy and other continuous time processes will be applied to financial risk analyses. Related investigations will involve perpetuities and stochastic volatility models for price series. Outcomes ....Stochastic Analysis with a View to Applications in Financial Risk Processes. Recent decades have seen explosive growth in applications of probability theory and statistics to the modelling of risk in finance and insurance. An intensive theoretical investigation into passage time and other problems for Levy and other continuous time processes will be applied to financial risk analyses. Related investigations will involve perpetuities and stochastic volatility models for price series. Outcomes will include the development of new theory in probability and statistics, the initiation and reinforcement of collaborative ties with major international research figures, and the fostering of contacts with the finance industry.Read moreRead less
Forensic management approach to rework mitigation and prevention in construction. Rework is the unnecessary effort of re-doing a process or activity. The direct costs of rework in construction have been reported to be as high as 25% of project costs. These rework costs would be higher if they included the intangible, but real costs of disruption caused by schedule delays, litigation, and dysfunctional contract relationships. To reduce rework in construction projects a forensic project managem ....Forensic management approach to rework mitigation and prevention in construction. Rework is the unnecessary effort of re-doing a process or activity. The direct costs of rework in construction have been reported to be as high as 25% of project costs. These rework costs would be higher if they included the intangible, but real costs of disruption caused by schedule delays, litigation, and dysfunctional contract relationships. To reduce rework in construction projects a forensic project management model that can be used to stimulate learning and process improvement will be developed, evaluated and validated. This will enable the design of strategies to reduce rework and improve the overall performance of projects.Read moreRead less
Youth in Australia: Education and Work. This project examines, in an integrated way, the education decisions, transition from school to work, and the early labour market experience of youth from 1975 to the present time. The recent emphasis on Australia as a Knowledge Nation and a New Economy indicates that study of education decisions is a high priority. Similarly, pathways from school to work and the cumulative disadvantage that many youth experience in the labour market are leading contempo ....Youth in Australia: Education and Work. This project examines, in an integrated way, the education decisions, transition from school to work, and the early labour market experience of youth from 1975 to the present time. The recent emphasis on Australia as a Knowledge Nation and a New Economy indicates that study of education decisions is a high priority. Similarly, pathways from school to work and the cumulative disadvantage that many youth experience in the labour market are leading contemporary economic and social issues. The project is expected to yield insights into the determinants of educational attainment, best pathways and the channels of influence on labour market success and failure that will be policy relevant and publishable in refereed journals.Read moreRead less
Presumed Guilty: An Economics Analysis of the Efficiency of Environmental Bonds for the WA Mining Sector. Environmental bonds have two important economic effects. First they give an incentive for mining firms to manage environmental damage and second they prevent excessive costs falling on the regulator in the case of bankruptcy. The aim of this project is to assess if this policy can be redesigned to increase its economic efficiency.
Wage Determination and the New Household Economics. By linking wage outcomes and occupational attainment to home time activities and the human capital and other characteristics of partners, this project should help establish the basis for the payoffs to schooling, the gender pay gap and the marriage wage premium in Australia. A focus on the household allocation of time, with a possible emphasis on child care, may emerge as an important consideration in discussion of the gender wage gap, and of ....Wage Determination and the New Household Economics. By linking wage outcomes and occupational attainment to home time activities and the human capital and other characteristics of partners, this project should help establish the basis for the payoffs to schooling, the gender pay gap and the marriage wage premium in Australia. A focus on the household allocation of time, with a possible emphasis on child care, may emerge as an important consideration in discussion of the gender wage gap, and of the glass ceiling effects shown in recent research and in the media to be an important feature of the Australian labour market.Read moreRead less