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
Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting frame ....Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting framework and to improve the comparability and transparency of financial information. A more robust framework would improve capital market efficiency, promote economic growth in Australia and support the goal of making Australia a world-leading financial market.Read moreRead less
Cooperative control of networked systems with constraints. This project aims to address the challenge of networked systems in deploying teams of robotic agents. Control of the networked system is extremely difficult due to real world constraints imposed on each agent. This project will focus on motion constraints, equipment/capability constraints, and spatial constraints. In addition to theoretical advances, the wider scientific community will benefit directly, because the control algorithms dev ....Cooperative control of networked systems with constraints. This project aims to address the challenge of networked systems in deploying teams of robotic agents. Control of the networked system is extremely difficult due to real world constraints imposed on each agent. This project will focus on motion constraints, equipment/capability constraints, and spatial constraints. In addition to theoretical advances, the wider scientific community will benefit directly, because the control algorithms developed are expected to allow straightforward deployment of robotic teams. There are myriad applications for cooperative robotic agents, ranging from surveillance, to environmental monitoring using underwater and aerial drone formations – with an array of benefits and impacts including economic, commercial and societal. The results are intended to ensure and cement Australia’s front-line position in the current technological revolution known as “Industry 4.0”.Read moreRead less
Heritage in the limelight: the magic lantern in Australia and the world. The project aims to discover and analyse the large number of glass magic lantern slides that remain under-used in our public collections. International scholarship has recently begun to show that lantern slide shows were a ubiquitous, globalised and formative cultural experience. The project aims to explore the international reach and diversity of this globalised modernist apparatus from the Australian perspective. It plans ....Heritage in the limelight: the magic lantern in Australia and the world. The project aims to discover and analyse the large number of glass magic lantern slides that remain under-used in our public collections. International scholarship has recently begun to show that lantern slide shows were a ubiquitous, globalised and formative cultural experience. The project aims to explore the international reach and diversity of this globalised modernist apparatus from the Australian perspective. It plans to understand how diverse audiences affectively experienced these powerful forms of early media, and to develop ways for today’s Australians to re-experience their magic, invigorating and expanding our cultural heritage.Read moreRead less
Automation and Income Inequality: Macroeconomic Policy Implications. The transition to wider use of robotics and artificial intelligence may eventually make our citizens better off, yet effects on domestic income and wealth inequality remain uncertain, depending strongly on general governance and macroeconomic policy regimes. This project would help clarify income inequality effects, both abroad and in Australia, through (i) new numerical theory from calibrated economic models at the global and ....Automation and Income Inequality: Macroeconomic Policy Implications. The transition to wider use of robotics and artificial intelligence may eventually make our citizens better off, yet effects on domestic income and wealth inequality remain uncertain, depending strongly on general governance and macroeconomic policy regimes. This project would help clarify income inequality effects, both abroad and in Australia, through (i) new numerical theory from calibrated economic models at the global and national levels; (ii) econometric testing of results from global and national data; (iii) the use of emerging insights to analyse economic policy responses and their global interaction as well as the implications for Australian economic policyRead moreRead less
New carbon phases synthesized under extreme conditions. This project aims to address one of the major fundamental puzzles in carbon science; how to experimentally synthesize new phases of carbon predicted by theory. This could be approached via a combination of high pressure and high-energy ion irradiation to transform novel nano-carbon precursors. The expected outcomes include new phases of carbon with unexplored properties, an understanding of the pathways for synthesis of carbon materials, an ....New carbon phases synthesized under extreme conditions. This project aims to address one of the major fundamental puzzles in carbon science; how to experimentally synthesize new phases of carbon predicted by theory. This could be approached via a combination of high pressure and high-energy ion irradiation to transform novel nano-carbon precursors. The expected outcomes include new phases of carbon with unexplored properties, an understanding of the pathways for synthesis of carbon materials, and new computational tools to understand nano-carbon materials under extreme conditions. This should provide benefits for industries seeking advanced materials for modern manufacturing.Read moreRead less
Exploiting shear to form new structures of carbon. This project aims to create new, technologically-interesting, materials by combining shear (sliding forces) with high pressure. The work will use both modelling and experiments to understand the pathways to form new materials such as a different form of diamond that is predicted to be harder than regular diamond. Such a material could be used in coatings for cutting tools or ultra-low-scratch surfaces. Expected outcomes include both an understan ....Exploiting shear to form new structures of carbon. This project aims to create new, technologically-interesting, materials by combining shear (sliding forces) with high pressure. The work will use both modelling and experiments to understand the pathways to form new materials such as a different form of diamond that is predicted to be harder than regular diamond. Such a material could be used in coatings for cutting tools or ultra-low-scratch surfaces. Expected outcomes include both an understanding of the importance of shear in the study of high-pressure science, and as a tool to manufacture new functional materials.Read moreRead less