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
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
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
Evaluating consumer product regulatory responses to improve child safety. This project aims to quantify the level of similarity between consumer product regulatory practices and child injuries, and compare national approaches. Consumer product safety regulation operates in a global and ‘virtual’ market. Online purchasing, limited border protection and distance between suppliers and consumers make monitoring and enforcing product safety more difficult for regulators, putting consumers at risk. A ....Evaluating consumer product regulatory responses to improve child safety. This project aims to quantify the level of similarity between consumer product regulatory practices and child injuries, and compare national approaches. Consumer product safety regulation operates in a global and ‘virtual’ market. Online purchasing, limited border protection and distance between suppliers and consumers make monitoring and enforcing product safety more difficult for regulators, putting consumers at risk. A rapid responsive product safety system that operates across sectors and borders is an international priority. This project expects to close gaps in consumer regulatory practice and safety policy.Read moreRead less
Industrial Transformation Training Centres - Grant ID: IC220100003
Funder
Australian Research Council
Funding Amount
$4,930,205.00
Summary
ARC Training Centre for Biofilm Research and Innovation . The ARC Training Centre for Biofilm Research and Innovation aims to transform biofouling management strategies for maritime platforms by building on local and international expertise to mentor and train the next generation of interdisciplinary scientists and engineers. Anticipating evolving regulatory stringency, this project expects to establish a dynamic environment for industry partners, students and scientists to collaborate and devel ....ARC Training Centre for Biofilm Research and Innovation . The ARC Training Centre for Biofilm Research and Innovation aims to transform biofouling management strategies for maritime platforms by building on local and international expertise to mentor and train the next generation of interdisciplinary scientists and engineers. Anticipating evolving regulatory stringency, this project expects to establish a dynamic environment for industry partners, students and scientists to collaborate and develop biofilm management strategies. Expected outcomes include new and enhanced collaborations that advance and translate knowledge to better manage biofouling. The significant benefits will include a generation of industry-focused researchers critical for growing Australia’s Defence industry.Read moreRead less
Action selection in insects: how a microbrain knows what to do. Identifying what to do demands integrating sensory information with our current physiological state and memory of past experience to select the best possible action. This is the action selection problem. Our project aims to discover how tiny insect brains solve this fundamental problem. The project combines neural recordings from animals exploring virtual reality, behavioural analyses and computational modelling. The expected outco ....Action selection in insects: how a microbrain knows what to do. Identifying what to do demands integrating sensory information with our current physiological state and memory of past experience to select the best possible action. This is the action selection problem. Our project aims to discover how tiny insect brains solve this fundamental problem. The project combines neural recordings from animals exploring virtual reality, behavioural analyses and computational modelling. The expected outcome is a new understanding of the brain as an effective behavioural control system. This will benefit systems and comparative neuroscience. Our findings may also inspire solutions for robotic systems that must operate autonomously in remote and challenging environments such as disaster relief or exploration.Read moreRead less
Transforming Cultural & Natural Resource Management workforce capabilities. This project aims to implement a transformative program of transdisciplinary cultural and natural resource management and workforce development research in Northern Australia’s Arnhem Plateau region. This project expects to create new knowledge in the areas of cultural knowledges, wildfire, feral animal, invasive plants, mine-site rehabilitation, and climate change, as well as Indigenous training effectiveness. Expected ....Transforming Cultural & Natural Resource Management workforce capabilities. This project aims to implement a transformative program of transdisciplinary cultural and natural resource management and workforce development research in Northern Australia’s Arnhem Plateau region. This project expects to create new knowledge in the areas of cultural knowledges, wildfire, feral animal, invasive plants, mine-site rehabilitation, and climate change, as well as Indigenous training effectiveness. Expected outcomes of the project include practical learnings for application in broader Indigenous community/First Nations capability and supportive policy development contexts. The expected benefits are a long-term platform for enhancing cultural and environmental landscape management and sustainable employment opportunities.Read moreRead less
What Can You Trust in the Large and Noisy Web? This project will develop innovative techniques to efficiently and effectively distill truthful information from the inherently unreliable and large-scale Web environment, where misinformation has been widely regarded as a grand challenge for the next decade. The results of this project will not only maintain Australia’s leadership in this frontier research area, but also support many important applications that safeguard Australian people and econo ....What Can You Trust in the Large and Noisy Web? This project will develop innovative techniques to efficiently and effectively distill truthful information from the inherently unreliable and large-scale Web environment, where misinformation has been widely regarded as a grand challenge for the next decade. The results of this project will not only maintain Australia’s leadership in this frontier research area, but also support many important applications that safeguard Australian people and economy such as emergency and disaster management and online healthcare. This project also serves as an excellent vehicle for the education and training of Australia’s next generation of scholars and engineers.Read moreRead less
Designing the next generation of geosynthetic liner systems . The project aims to improve the effectiveness of geosynthetic liner systems to contain emerging contaminants such as per-and poly-fluoroalkyl substances (PFASs) for better protection of Australian groundwater resources. The project expects to experimentally validate theory to improve predictive models for performance of geosynthetic liner systems. Expected outcomes include new and updated design guidelines for effective environmental ....Designing the next generation of geosynthetic liner systems . The project aims to improve the effectiveness of geosynthetic liner systems to contain emerging contaminants such as per-and poly-fluoroalkyl substances (PFASs) for better protection of Australian groundwater resources. The project expects to experimentally validate theory to improve predictive models for performance of geosynthetic liner systems. Expected outcomes include new and updated design guidelines for effective environmental protection against PFASs and establishment of new approaches for predicting functional containment lifetimes of liner systems. These outcomes are expected to benefit the waste and remediation industries by influencing next-generation design regulations to ensure long-term environmental protection from PFAS.Read moreRead less