Development of a Risk Assessment and Cost-Effectiveness Model for Optimising Geotechnical Roadway Assets. Roadway performance is strongly a function of the topography and foundation conditions through which the roadway passes, dictating the need for cuttings and fills, and approaches to handle problematic foundation conditions. The project aims to develop a risk management model to minimise the geotechnical risks and costs involved in roadway construction and maintenance, and maximise design li ....Development of a Risk Assessment and Cost-Effectiveness Model for Optimising Geotechnical Roadway Assets. Roadway performance is strongly a function of the topography and foundation conditions through which the roadway passes, dictating the need for cuttings and fills, and approaches to handle problematic foundation conditions. The project aims to develop a risk management model to minimise the geotechnical risks and costs involved in roadway construction and maintenance, and maximise design life. In Queensland, the value of roadway geotechnical assets is about $ 7.5 billion, with $ 0.5 billion spent annually adding to and maintaining these assets. The expected outcome of the project is maximising the life of geotechnical roadway assets for the funds available.Read moreRead less
Mining venture risk: novel econometric methods to integrate joint financial and geological uncertainty into dynamic risk forecasting measures. The mining industry is nationally important: it contributed $33,927M to Australia's GDP in 2002-3. This project's outcomes - sophisticated statistical and econometric tools - will significantly improve capability for forecasting overall risk to mining projects requiring vast upfront, irreversible investments, and contribute to its efficiency and internati ....Mining venture risk: novel econometric methods to integrate joint financial and geological uncertainty into dynamic risk forecasting measures. The mining industry is nationally important: it contributed $33,927M to Australia's GDP in 2002-3. This project's outcomes - sophisticated statistical and econometric tools - will significantly improve capability for forecasting overall risk to mining projects requiring vast upfront, irreversible investments, and contribute to its efficiency and international competitiveness. Innovative methods driven by data from complex financial and geological systems will integrate price volatility risk and orebody uncertainty in a real options framework, providing holistic, rigorous measurement of mining venture risk. Xstrata Queensland Ltd will strongly support and participate in research training of an identified candidate to deliver discoveries to the wider industry.Read moreRead less