Risk Measures and Management in Finance and Actuarial Science Under Regime-Switching Models. New models for assessing and managing risk of financial products will place Australia at the forefront of risk management. The work will also sustain the competitive edge of Australia as one of the major financial centres in the Asia-Pacific region through enhancing both the theory and practice of financial risk management. The project outcome will also benefit to the country in other areas of risk, for ....Risk Measures and Management in Finance and Actuarial Science Under Regime-Switching Models. New models for assessing and managing risk of financial products will place Australia at the forefront of risk management. The work will also sustain the competitive edge of Australia as one of the major financial centres in the Asia-Pacific region through enhancing both the theory and practice of financial risk management. The project outcome will also benefit to the country in other areas of risk, for example, environment risk, climate change, and energy and security problems.Read moreRead less
Two-price quantitative finance. This project aims to establish a novel field, namely two-price quantitative finance, and explore its applications. The new field will integrate two major schools for modelling and explain the presence of two prices, the buying and selling prices, widely observed in the real-world markets, and the equilibrium approach from the fundamental law of one price. The outcomes would deepen our understanding of the fundamental relationship among liquidity, prices, risk and ....Two-price quantitative finance. This project aims to establish a novel field, namely two-price quantitative finance, and explore its applications. The new field will integrate two major schools for modelling and explain the presence of two prices, the buying and selling prices, widely observed in the real-world markets, and the equilibrium approach from the fundamental law of one price. The outcomes would deepen our understanding of the fundamental relationship among liquidity, prices, risk and the economy. This project expects to bring about long-term impact on quantitative finance and related applications through providing a deep understanding of, and a new perspective for, the design, risk and fairness of the finance, property and insurance markets.Read moreRead less
G-expectation and its applications to nonlinear risk management. This project will develop novel theories and methods for nonlinear risk management based on nonlinear expectations and Backward Stochastic Differential Equations. The expected outcomes of the project will place Australia in the forefront and the leading position of these fields.
Industrial Transformation Training Centres - Grant ID: IC140100003
Funder
Australian Research Council
Funding Amount
$2,389,935.00
Summary
The ARC Research Training Centre for Naval Design and Manufacturing. ARC Training Centre for Transforming Australia's Naval Manufacturing Industry. The aim of the Training Centre is to transform the Australian naval manufacturing industry by creating a new cohort of industry-focused, high-level and broadly skilled engineers and researchers. The resulting network of engineering researchers will enable the industry to more rapidly innovate and solve key problems concerning the efficient design, co ....The ARC Research Training Centre for Naval Design and Manufacturing. ARC Training Centre for Transforming Australia's Naval Manufacturing Industry. The aim of the Training Centre is to transform the Australian naval manufacturing industry by creating a new cohort of industry-focused, high-level and broadly skilled engineers and researchers. The resulting network of engineering researchers will enable the industry to more rapidly innovate and solve key problems concerning the efficient design, construction and sustainment of naval platforms. This industrial transformation will bring significant benefits to Australia as it commences a very ambitious shipbuilding program comprising the design and manufacture of new fleets of submarines, future frigates and patrol boats. The success of these major projects is reliant on developing this cohort of researchers to solve the key research questions.Read moreRead less
Controlling coastlines while generating power. The Project aims to produce strategies for protecting coasts from storms using farms of wave-energy machines, which also generate electricity. Increasing lengths of coast need protection as the climate changes, but conventional barriers create permanent environmental impacts and are a sunk cost usually borne by the taxpayer. The Project expects to derive a strategy for the setting of each machine in the farm, so that they collectively absorb or refl ....Controlling coastlines while generating power. The Project aims to produce strategies for protecting coasts from storms using farms of wave-energy machines, which also generate electricity. Increasing lengths of coast need protection as the climate changes, but conventional barriers create permanent environmental impacts and are a sunk cost usually borne by the taxpayer. The Project expects to derive a strategy for the setting of each machine in the farm, so that they collectively absorb or reflect damaging waves under severe conditions. Under normal conditions, enough wave energy to sustain environmental processes would pass through. Sales of electricity would help to pay back the capital cost. Outcomes would include reduced coastal-erosion costs and a low-intermittency energy supply.Read moreRead less
Structured barrier and penalty functions in infinite dimensional optimisation and analysis. Very large scale tightly-constrained optimisation problems are ubiquitous and include water management, traffic flow, and imaging at telescopes and hospitals. Massively parallel computers can solve such problems and provide physically realisable solution only if subtle design issues are mastered. Resolving such issues is the goal of this project.
Construction of near optimal oscillatory regimes in singularly perturbed control systems via solutions of Hamilton-Jacobi-Bellman inequalities. Problems of optimal control of systems evolving in multiple time scales arise in a great variety of applications (from diet to environmental modelling). This project addresses the challenge of analytically and numerically constructing rapidly oscillating controls that would 'near optimally coordinate' the slow and fast dynamics.
Network-wide sewer odour and corrosion management by model predictive control. Network-wide sewer odour and corrosion management by model predictive control. This project aims to develop and demonstrate, through real-life field studies, a model predictive control approach that achieves cost-effective network-wide mitigation of hydrogen sulphide. The lack of suitable methodologies to support the control designs of chemical dosing units and sewage pumping stations makes network-wide sewer corrosio ....Network-wide sewer odour and corrosion management by model predictive control. Network-wide sewer odour and corrosion management by model predictive control. This project aims to develop and demonstrate, through real-life field studies, a model predictive control approach that achieves cost-effective network-wide mitigation of hydrogen sulphide. The lack of suitable methodologies to support the control designs of chemical dosing units and sewage pumping stations makes network-wide sewer corrosion and odour management a problem. Innovative control methodology will simultaneously manipulate chemical dosing unit(s) and selected sewage pumping station(s), based on real-time prediction of sewage flows and characteristics both at sources and across the network, to ensure optimal delivery of dosed chemicals to mitigate hydrogen sulphide.Read moreRead less
Linkage Infrastructure, Equipment And Facilities - Grant ID: LE170100066
Funder
Australian Research Council
Funding Amount
$350,000.00
Summary
Collaborative embodied movement design network. This project aims to create a national collaborative network of arts/technology researchers to study the creative potential of movement-based human computer interaction systems. Movement-based technologies such as augmented and virtual reality, haptic and robotic interfaces form the cutting edge of human computer interaction development. This project will develop new infrastructure to enable researchers to work together to improve these systems fro ....Collaborative embodied movement design network. This project aims to create a national collaborative network of arts/technology researchers to study the creative potential of movement-based human computer interaction systems. Movement-based technologies such as augmented and virtual reality, haptic and robotic interfaces form the cutting edge of human computer interaction development. This project will develop new infrastructure to enable researchers to work together to improve these systems from an embodied perspective. This is expected to benefit industry, commerce, education, health care and the arts.Read moreRead less
Perturbations in Complex Systems and Games. This project aims to: advance the perturbation theory of dynamic and stochastic games; further develop approximations of infinite dimensional linear programs by their finite dimensional counterparts, and by finding asymptotic limits of spaces of occupational measures, by solution of successive layers of fundamental equations; explain and quantify the "exceptionality" of instances of systems that are genuinely difficult to solve; and, capitalise on the ....Perturbations in Complex Systems and Games. This project aims to: advance the perturbation theory of dynamic and stochastic games; further develop approximations of infinite dimensional linear programs by their finite dimensional counterparts, and by finding asymptotic limits of spaces of occupational measures, by solution of successive layers of fundamental equations; explain and quantify the "exceptionality" of instances of systems that are genuinely difficult to solve; and, capitalise on the outstanding performance of our Snakes-and-Ladders Heuristic (SLH) for the solution of the Hamiltonian cycle problem to identify its "fixed complexity orbits" and generalise this notion to other NP-complete problems.Read moreRead less