Discovery Early Career Researcher Award - Grant ID: DE200101467
Funder
Australian Research Council
Funding Amount
$419,778.00
Summary
The geometric structure of spatial noise. Spatial noise is ubiquitous in nature and science: as interference in medical imaging, in oceanography, in the modelling of telecommunication networks etc. Despite this diversity of sources, spatial noise can be studied in a unified way by considering mathematical models that capture its essential features. This project aims to study spatial noise by analysing its geometric structure, for instance by considering the number of contour lines of the noise, ....The geometric structure of spatial noise. Spatial noise is ubiquitous in nature and science: as interference in medical imaging, in oceanography, in the modelling of telecommunication networks etc. Despite this diversity of sources, spatial noise can be studied in a unified way by considering mathematical models that capture its essential features. This project aims to study spatial noise by analysing its geometric structure, for instance by considering the number of contour lines of the noise, and the way these lines connect different regions of space. The project further aims to apply this analysis to construct statistical tests that can distinguish different classes of spatial noise, with potential applications across all of the disciplines mentioned above.Read moreRead less
Time consistency, risk-mitigation and partially observable systems. This project aims to find optimal decision rules that mitigate risk in a time consistent manner for partially observable systems. Many problems in conservation management and engineering systems are dependent on random environments and entail risk of failure. The challenge of consistently minimising such a risk while achieving satisfactory and sustainable resource consumption is considerable. This project aims to develop analyti ....Time consistency, risk-mitigation and partially observable systems. This project aims to find optimal decision rules that mitigate risk in a time consistent manner for partially observable systems. Many problems in conservation management and engineering systems are dependent on random environments and entail risk of failure. The challenge of consistently minimising such a risk while achieving satisfactory and sustainable resource consumption is considerable. This project aims to develop analytical and numerical methods for optimal control in such scenarios. These methods will have application to fishery management, communication networks, power systems and social resource allocation scenarios.Read moreRead less
Collision Avoidance in Shipping Lanes via Intelligent Sensor Data Fusion . This project aims to develop an online maritime traffic monitoring system for reliable collision/contact avoidance that exploits complementary data from high-resolution airborne sensors and surface vessel sensors. Our approach is based on optimal scheduling and fusion of the sensor data and possibly other sources of data to construct a comprehensive dynamic picture of maritime traffic, in real-time. Moreover, the proposed ....Collision Avoidance in Shipping Lanes via Intelligent Sensor Data Fusion . This project aims to develop an online maritime traffic monitoring system for reliable collision/contact avoidance that exploits complementary data from high-resolution airborne sensors and surface vessel sensors. Our approach is based on optimal scheduling and fusion of the sensor data and possibly other sources of data to construct a comprehensive dynamic picture of maritime traffic, in real-time. Moreover, the proposed methodology enables quantification of confidence in the predictions. This will provide ship owners, directly to their vessels and/or at the fleet management centres, information such as weather reports, reliable collision/no-collision warnings and avoidance strategies, on-the-fly. Read moreRead less
Fair pricing of superannuation guaranteed benefits with downturn risk. Australians have more than $2.7 trillion in superannuation assets, meaning that Australia is the fourth largest holder of pension fund assets worldwide. Hence the impact of market fluctuations on financial well-being of retirees can be detrimental, especially during market downturns associated with economic crises. The finance industry addresses this issue by complementing variable annuities with riders designed to protect th ....Fair pricing of superannuation guaranteed benefits with downturn risk. Australians have more than $2.7 trillion in superannuation assets, meaning that Australia is the fourth largest holder of pension fund assets worldwide. Hence the impact of market fluctuations on financial well-being of retirees can be detrimental, especially during market downturns associated with economic crises. The finance industry addresses this issue by complementing variable annuities with riders designed to protect the income stream of retirees. This project aims to develop a novel approach to fair pricing and optimal withdrawals and surrender policies for superannuation guaranteed benefit products through a comprehensive analysis of complex optimisation problems in stochastic models of financial markets with downturn risk.Read moreRead less
Advanced Bayesian Inversion Algorithms for Wave Propagation. This project aims to improve algorithms for detecting hidden items by developing new computational mathematical techniques capable of reconstructing the shape and location of objects using electromagnetic waves. This project expects to generate new knowledge in the areas of Bayesian Inversion and computational wave propagation. Expected outcomes of this project are algorithms that can be developed for use in nonintrusive radio wave sec ....Advanced Bayesian Inversion Algorithms for Wave Propagation. This project aims to improve algorithms for detecting hidden items by developing new computational mathematical techniques capable of reconstructing the shape and location of objects using electromagnetic waves. This project expects to generate new knowledge in the areas of Bayesian Inversion and computational wave propagation. Expected outcomes of this project are algorithms that can be developed for use in nonintrusive radio wave security scanners. This should provide benefits such as the capability to scan a crowd without a checkpoint, which will have the potential to improve security in public places.Read moreRead less
A Bayesian Approach to Distributed Estimation for Multi-Object Systems. This project aims to develop new signal processing techniques that facilitate autonomous technologies for environmental perception, with the ability to efficiently process large data volumes from multiple sensing modalities. Rapid advances in sensors and networks have led to a digital data deluge, from which extracting useful information presents new technological challenges and opportunities. To address this development, th ....A Bayesian Approach to Distributed Estimation for Multi-Object Systems. This project aims to develop new signal processing techniques that facilitate autonomous technologies for environmental perception, with the ability to efficiently process large data volumes from multiple sensing modalities. Rapid advances in sensors and networks have led to a digital data deluge, from which extracting useful information presents new technological challenges and opportunities. To address this development, this project seeks to develop new distributed solutions for statistical estimation, which are specifically designed for dynamic systems with multiple object states, and are inherently scalable and robust. The potential benefits include new technologies for smart cities, autonomous infrastructure, and digital productivity.Read moreRead less
Creating new stochastic models to understand the evolution of gene families. This project aims to extend stochastic modelling techniques in order to develop mathematically rigorous and biologically relevant models for the evolution of gene families. The project expects to model evolutionary processes such as gene retention, duplication and loss, and the generation of new gene functions. The duplication and subsequent re-purposing of genes is thought to be a key mechanism for generating evolution ....Creating new stochastic models to understand the evolution of gene families. This project aims to extend stochastic modelling techniques in order to develop mathematically rigorous and biologically relevant models for the evolution of gene families. The project expects to model evolutionary processes such as gene retention, duplication and loss, and the generation of new gene functions. The duplication and subsequent re-purposing of genes is thought to be a key mechanism for generating evolutionary novelty. By applying these models to genome data, the project expects to be able to quantify the importance of these different evolutionary mechanisms. The project will strengthen collaborative links between researchers in stochastic modelling and molecular evolutionary biology.Read moreRead less
Can green investors drive the transition to a low emissions economy? The project aims to develop a game-theoretical approach to model the impact of climate change on financial markets by studying the interactions between the government, companies and investors. Expected outcomes include novel solution concepts for stochastic games with heterogeneous beliefs, asymmetric information, and model uncertainty, as well as optimal investment and production strategies under climate driven economic transi ....Can green investors drive the transition to a low emissions economy? The project aims to develop a game-theoretical approach to model the impact of climate change on financial markets by studying the interactions between the government, companies and investors. Expected outcomes include novel solution concepts for stochastic games with heterogeneous beliefs, asymmetric information, and model uncertainty, as well as optimal investment and production strategies under climate driven economic transitions. Results will be used to validate and improve the recently launched Australian based climate transition index. The project should yield significant benefits for the financial industry and investors by providing novel insights into financial risks during the transition to a low emissions economy.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE200100896
Funder
Australian Research Council
Funding Amount
$427,008.00
Summary
How to beat model uncertainty with more information. Experience of the 2008 financial crisis exposed a weakness in our over-reliance on mathematical models. The main aim of this project is to develop mathematical tools to investigate the role of information in reducing model uncertainty. The project will undertake pressing research in robust finance, which is now one of the most active and dynamic topics in financial mathematics. It expects to quantify the value of information under uncertainty ....How to beat model uncertainty with more information. Experience of the 2008 financial crisis exposed a weakness in our over-reliance on mathematical models. The main aim of this project is to develop mathematical tools to investigate the role of information in reducing model uncertainty. The project will undertake pressing research in robust finance, which is now one of the most active and dynamic topics in financial mathematics. It expects to quantify the value of information under uncertainty in mathematical modelling. It will generate new knowledge in probability theory and stochastic processes providing a significant mathematical contribution in its own right.Read moreRead less
Advanced mathematical models and methods for a randomly-varying world. This project aims to develop advanced stochastic models and novel techniques, to analytically obtain performance measures and to efficiently simulate the time evolution. This project also plans to apply new models and methods to address important problems in ecology and epidemiology. The outputs of this project will advance knowledge in mathematics as well as in the intended application areas, including ultimately in improved ....Advanced mathematical models and methods for a randomly-varying world. This project aims to develop advanced stochastic models and novel techniques, to analytically obtain performance measures and to efficiently simulate the time evolution. This project also plans to apply new models and methods to address important problems in ecology and epidemiology. The outputs of this project will advance knowledge in mathematics as well as in the intended application areas, including ultimately in improved understanding, modelling, and tracking of the spread of diseases.Read moreRead less