Multiscale Modelling and Thermal Design Optimisation of Large-Scale Biomass Stockpiles for Use in Renewable Energy Products. By minimising the risk of spontaneous combustion this project will significantly contribute to the ability of the Australian sugar industry to store wet bagasse (sugar cane fibre residue) in large stockpiles. This will facilitate the year-round availability of biomass as a feedstock in renewable energy production. The mathematical models developed in this project deliver a ....Multiscale Modelling and Thermal Design Optimisation of Large-Scale Biomass Stockpiles for Use in Renewable Energy Products. By minimising the risk of spontaneous combustion this project will significantly contribute to the ability of the Australian sugar industry to store wet bagasse (sugar cane fibre residue) in large stockpiles. This will facilitate the year-round availability of biomass as a feedstock in renewable energy production. The mathematical models developed in this project deliver an enabling mechanism for facilitating the diversification of the sugar industry with the potential to produce significant financial returns for the industry. This research has the potential to initiate considerable and extremely positive, down-stream environmental impacts for Australia by enhancing feedstock production for ecologically sustainable power generation systems.Read moreRead less
Helping Central Banks Measure Unobserved Variables Using Real-time Forecasts. The project addresses structural measurement problems confronted routinely by central bankers. The techniques developed, and the estimates provided, will aid directly the Partner Organisations (the Reserve Bank of Australia, the Reserve Bank of New Zealand and Norges Bank) and other central banks in formulating monetary policy. The analysis will allow interest rates in Australia and elsewhere to be set with greater pre ....Helping Central Banks Measure Unobserved Variables Using Real-time Forecasts. The project addresses structural measurement problems confronted routinely by central bankers. The techniques developed, and the estimates provided, will aid directly the Partner Organisations (the Reserve Bank of Australia, the Reserve Bank of New Zealand and Norges Bank) and other central banks in formulating monetary policy. The analysis will allow interest rates in Australia and elsewhere to be set with greater precision. The techniques developed in this project will facilitate the understanding and communication of monetary policy within the central banks concerned, and enhance communication of monetary policy strategy to the public.Read moreRead less
Mathematical modelling of dye-sensitised titania solar cells: a route to improved efficiency in production. Dye-sensitised titania solar cells (DSCs) provide a technically and economically credible alternative to silicon photovotaic devices. Increasing the efficiency of commercially produced DSCs to 12% from the current production cell efficiency of 6%,will result in significantly lower delivered energy costs than the current alternative photovoltaic devices. This project will develop a mathemat ....Mathematical modelling of dye-sensitised titania solar cells: a route to improved efficiency in production. Dye-sensitised titania solar cells (DSCs) provide a technically and economically credible alternative to silicon photovotaic devices. Increasing the efficiency of commercially produced DSCs to 12% from the current production cell efficiency of 6%,will result in significantly lower delivered energy costs than the current alternative photovoltaic devices. This project will develop a mathematical model of a DSC as a first stage in the development of a decision support capability for the manufacture of more efficient DSC's. The model will extend existing models to incorporate full transport modelling and side-reactions in the electrolyte and will be validated by experimental work.Read moreRead less
FINANCIAL (IN)SECURITY IN LATER LIFE: WOMEN, WORK , SUPERANNUATION AND AUSTRALIA'S RETIREMENT INCOME SYSTEM. An ageing population is expected to contribute to significant demographic, social and labour market shifts, which, together with fiscal stresses, will affect the future mix of state and private retirement income provisions. However, gender-based issues associated with these changes remain under-researched. Using a life-course approach qualitative methodologies will be used to explore inte ....FINANCIAL (IN)SECURITY IN LATER LIFE: WOMEN, WORK , SUPERANNUATION AND AUSTRALIA'S RETIREMENT INCOME SYSTEM. An ageing population is expected to contribute to significant demographic, social and labour market shifts, which, together with fiscal stresses, will affect the future mix of state and private retirement income provisions. However, gender-based issues associated with these changes remain under-researched. Using a life-course approach qualitative methodologies will be used to explore inter-relationships between: women's workforce participation, education, marital status, fertility, financial literacy; retirement incomes;concessions, benefits; and women's economic security in later years. The research will make a significant contribution to the development and implementation of retirement income policy and the debate on gender equity in the labour market. Read moreRead less
New models and valuation methods for portfolio credit derivatives. Portfolio credit derivatives provide a mechanism to simultaneously transfer credit exposures to a large number of counterparties within a single transaction. However, no generally accepted valuation model for such credit portfolios is currently available. This project aims to develop new mathematically-based technologies to allow institutions such as Westpac (the Industry Partner) to optimally manage their credit exposures. The o ....New models and valuation methods for portfolio credit derivatives. Portfolio credit derivatives provide a mechanism to simultaneously transfer credit exposures to a large number of counterparties within a single transaction. However, no generally accepted valuation model for such credit portfolios is currently available. This project aims to develop new mathematically-based technologies to allow institutions such as Westpac (the Industry Partner) to optimally manage their credit exposures. The outcome will be a class of superior models and operational risk management tools that will ensure the value and risks of these transactions are properly understood and accurately quantified. These models will enhance both the knowledge base of the industry and academic scholarship.
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Improving the wool product. Using mathematical modelling to improve the efficiency of wool scouring. Our aim is to improve the quality of scoured wool by improving the efficiency of wool scouring. Wool scouring is the process of washing greasy wool once it has been removed from the sheep's back. After being rinsed to remove sweat and salt the wool is passed through a scour bowl consisting of settling tanks from which dirty water is periodically expelled. Mathematical modelling will optimise us ....Improving the wool product. Using mathematical modelling to improve the efficiency of wool scouring. Our aim is to improve the quality of scoured wool by improving the efficiency of wool scouring. Wool scouring is the process of washing greasy wool once it has been removed from the sheep's back. After being rinsed to remove sweat and salt the wool is passed through a scour bowl consisting of settling tanks from which dirty water is periodically expelled. Mathematical modelling will optimise use of the scour bowl, reduce consumption of water, increase the recovery of wool grease and improve the quality and cleanliness of the wool.Read moreRead less
ASEAN+3 Free Trade Agreement and Its Impact on Australia-Vietnam Trade. The ASEAN+3 (China, Japan and Korea) free trade agreement endorsed by ASEAN Leaders in 2001 poses a serious trade diversion threat to Australia's goods and services trade to ASEAN and North Asia (reaching $33.9b and $85.0b respectively in 2001, see DFAT 2003). No research on this has been done or reported. The project, with Vietnam Institute for Trade collaboration, uses new analytical and empirical approaches to investigate ....ASEAN+3 Free Trade Agreement and Its Impact on Australia-Vietnam Trade. The ASEAN+3 (China, Japan and Korea) free trade agreement endorsed by ASEAN Leaders in 2001 poses a serious trade diversion threat to Australia's goods and services trade to ASEAN and North Asia (reaching $33.9b and $85.0b respectively in 2001, see DFAT 2003). No research on this has been done or reported. The project, with Vietnam Institute for Trade collaboration, uses new analytical and empirical approaches to investigate this FTA and its implications to Australia's trade to a major ASEAN country, namely Vietnam, where 2002 trade reached $2.8b and Australia's global companies (eg. ANZ, Telstra, RMIT) currently have large operation.Read moreRead less
Towards a superannuation system fit for the future. Towards a superannuation system fit for the future. This project aims to develop a stochastic superannuation model and propose alternative post retirement solutions, using data-led understanding of savings habits. Funding for the increasing cost of the growing older population will, if not modelled, forecast and managed adequately, swamp all other welfare and state funded costs. To manage older age costs adequately, governments need to encourag ....Towards a superannuation system fit for the future. Towards a superannuation system fit for the future. This project aims to develop a stochastic superannuation model and propose alternative post retirement solutions, using data-led understanding of savings habits. Funding for the increasing cost of the growing older population will, if not modelled, forecast and managed adequately, swamp all other welfare and state funded costs. To manage older age costs adequately, governments need to encourage people to save and provide ways people can save—but need to better understand how people save money for their old age. This research is expected to enable the “superannuation change“ necessary for the superannuation system to remain sustainable and fund retirees to live well.Read moreRead less
Practical Identity-Based Cryptography: Efficient and Secure Elliptic Curve Pairings. Bilinear pairings on elliptic curves are a new cryptographic tool and allow novel and improved applications in information security. For example, they have been proposed as a substitute of existing public key infrastructures, an essential element in electronic commerce and a secure Internet. The research will lead to an increase in fundamental knowledge in the area of practical implementation and secure applic ....Practical Identity-Based Cryptography: Efficient and Secure Elliptic Curve Pairings. Bilinear pairings on elliptic curves are a new cryptographic tool and allow novel and improved applications in information security. For example, they have been proposed as a substitute of existing public key infrastructures, an essential element in electronic commerce and a secure Internet. The research will lead to an increase in fundamental knowledge in the area of practical implementation and secure applications of pairings. The results will benefit all users of electronic communications who require security for their information. This includes the financial industries, government, commerce and domestic users. It will also support many new product opportunities aligned with Motorola's business markets.Read moreRead less
Metal injection moulding of aluminium. The aim of this project is to develop a metal injection moulding (MIM) system for aluminium by employing point defect engineering to enhance the solid state sintering of aluminium. This study will also incorporate an econometric analysis of the potential for specific aluminium MIM parts. Using this novel, multidisciplinary approach, the market definition and the technology development will occur concurrently. The outcome will be an aluminium MIM system and ....Metal injection moulding of aluminium. The aim of this project is to develop a metal injection moulding (MIM) system for aluminium by employing point defect engineering to enhance the solid state sintering of aluminium. This study will also incorporate an econometric analysis of the potential for specific aluminium MIM parts. Using this novel, multidisciplinary approach, the market definition and the technology development will occur concurrently. The outcome will be an aluminium MIM system and a new business opportunity for a Queensland manufacturing company in a market that is growing at 10-25% per year and is expected to exceed $US1 billion in 2003.Read moreRead less