New Theory and Algorithms for Nonsmooth Optimisation with Application to Integer Programming. Mathematical optimisation plays a key role in a wide variety of applications in business, industry, engineering and science. For example, airlines cannot fly and radiation treatment for cancer cannot be delivered without solving (a series of) optimisation problems. Some classes of optimisation problem are very well solved, with clear mathematical foundations, efficient algorithms, and reliable software ....New Theory and Algorithms for Nonsmooth Optimisation with Application to Integer Programming. Mathematical optimisation plays a key role in a wide variety of applications in business, industry, engineering and science. For example, airlines cannot fly and radiation treatment for cancer cannot be delivered without solving (a series of) optimisation problems. Some classes of optimisation problem are very well solved, with clear mathematical foundations, efficient algorithms, and reliable software implementations. Both nonsmooth and integer optimisation problems have a good mathematical basis, but there are "gaps"; existing methods cannot always solve real industrial problems. This project will deliver better methods, built on better theory, and so will yield better solutions for important applications.Read moreRead less
Improving train flows with connected driver advice systems. The project aims to develop new train control theory to determine the efficient movement of multiple trains, and to demonstrate a practical system for coordinating trains, on busy intercity rail corridors. Railways around the world are now deploying driver advice systems developed by the research team and the partner organisation, TTG Transportation Technology. The project is designed to enable these systems to coordinate the movements ....Improving train flows with connected driver advice systems. The project aims to develop new train control theory to determine the efficient movement of multiple trains, and to demonstrate a practical system for coordinating trains, on busy intercity rail corridors. Railways around the world are now deploying driver advice systems developed by the research team and the partner organisation, TTG Transportation Technology. The project is designed to enable these systems to coordinate the movements of many trains on a congested rail network to improve timekeeping, smooth the flow of traffic, increase capacity and reduce energy use.Read moreRead less
Understanding participant behaviour in wholesale electricity markets. Wholesale electricity spot markets now operate in many countries including Australia. The aim of this research project is to achieve a better understanding of the operation of electricity markets, through advancing our understanding of how the physical system, the industry structure, the market mechanism and the behaviour of the market participants jointly determine the overall system outcomes. A particular focus of the resear ....Understanding participant behaviour in wholesale electricity markets. Wholesale electricity spot markets now operate in many countries including Australia. The aim of this research project is to achieve a better understanding of the operation of electricity markets, through advancing our understanding of how the physical system, the industry structure, the market mechanism and the behaviour of the market participants jointly determine the overall system outcomes. A particular focus of the research is on competition within the market. We want to understand the ways in which market structure influences participant behaviour and, in particular, the circumstances that lead to non-competitive outcomes.Read moreRead less
Using Mathematics to Maximize the Efficiency of Shared Infrastructure in Australia's Coal Export Supply Chain. Port Waratah Coal Services operates the world's largest coal export terminal, servicing about 14 coal mining companies in the Hunter Valley, NSW. It is responsible for around $15 billion in annual export income for Australia. The coal supply chain is a complex operation, hampered by bottlenecks in critical shared infrastructure. Such limitations are estimated to cost Australia about $2 ....Using Mathematics to Maximize the Efficiency of Shared Infrastructure in Australia's Coal Export Supply Chain. Port Waratah Coal Services operates the world's largest coal export terminal, servicing about 14 coal mining companies in the Hunter Valley, NSW. It is responsible for around $15 billion in annual export income for Australia. The coal supply chain is a complex operation, hampered by bottlenecks in critical shared infrastructure. Such limitations are estimated to cost Australia about $2 billion pa in lost sales. This project will support the design of new infrastructure and processes to ensure an efficient supply chain. The new science resulting will benefit other coal operations in Australia, and potentially other bulk goods supply chains.Read moreRead less
Understanding the interactions between emissions trading and wholesale electricity markets. Australia faces some critical decisions with regard to its commitment to reducing emissions of greenhouse gases. There are a variety of emissions-related trading schemes that operate at a State level, and there are now proposals to introduce a National scheme. This research will help in the design of an emissions trading scheme through the use of sophisticated models of the behaviour of individual generat ....Understanding the interactions between emissions trading and wholesale electricity markets. Australia faces some critical decisions with regard to its commitment to reducing emissions of greenhouse gases. There are a variety of emissions-related trading schemes that operate at a State level, and there are now proposals to introduce a National scheme. This research will help in the design of an emissions trading scheme through the use of sophisticated models of the behaviour of individual generation companies operating in a complex market situation. Also this project will build the skill base of Australia in an area of increasing importance where a multi-disciplinary focus is critical.Read moreRead less
Competitive supplier bidding in supply chains. This project will use mathematical modelling to contribute to better management practice in dealing with procurement. With the increasing use of auctions and sophisticated bidding procedures it is essential to improve our understanding of this important area.
Evaluating the long-term costs and benefits of community-based initiatives. The ultimate benefit from the research is a more efficient allocation of public funds to provide public services, i.e. an increase in the gain derived from the government budget. The relative advantages of alternative methods of delivering government services are subject to significant uncertainty, which means that policy decisions are often poorly informed. Improvements in the accuracy of predicting the costs and benefi ....Evaluating the long-term costs and benefits of community-based initiatives. The ultimate benefit from the research is a more efficient allocation of public funds to provide public services, i.e. an increase in the gain derived from the government budget. The relative advantages of alternative methods of delivering government services are subject to significant uncertainty, which means that policy decisions are often poorly informed. Improvements in the accuracy of predicting the costs and benefits of complex community-based initiatives will help policymakers identify the set of initiatives that provide the best outcomes for the community they serve, as well as informing the optimal specification of the individual initiatives.Read moreRead less
Quantifying the role of the Southern Ocean for anthropogenic CO2 uptake. Carbon dioxide (CO2) is the most important greenhouse gas contributing to global warming and climate change. Climate change is likely to have dramatic economic and environmental consequences for Australia. Knowledge and understanding of the complex carbon cycle is fundamental for predicting future atmospheric CO2 levels and managing climate change. The aim of the work proposed here is to quantify and improve our understan ....Quantifying the role of the Southern Ocean for anthropogenic CO2 uptake. Carbon dioxide (CO2) is the most important greenhouse gas contributing to global warming and climate change. Climate change is likely to have dramatic economic and environmental consequences for Australia. Knowledge and understanding of the complex carbon cycle is fundamental for predicting future atmospheric CO2 levels and managing climate change. The aim of the work proposed here is to quantify and improve our understanding of the oceans role in controlling atmospheric CO2 levels. This will be done by combining modeling and observational expertise among UNSW and CSIRO (Marine Research) researchers. Our work will be the first to assess the extent of which the Southern Ocean (and Australian waters) acts as a carbon sink. This will reduce modeling uncertainties in predicting future atmospheric CO2 levels and will also be valuable to the federal government in future international negotiations on climate change.Read moreRead less
Quantitative and qualitative aspects of Asian and Australian options. While Asian options are highly popular and traded over the counter all over the world, they are traded on an institutional basis in only very few countries. Australia is one of them. Variable purchase options (VPO's), where the payoff is determined by the quotient of a stock and its average price, are traded on the Australian stock exchange since 1992. They build an important component of the Australian derivatives market and ....Quantitative and qualitative aspects of Asian and Australian options. While Asian options are highly popular and traded over the counter all over the world, they are traded on an institutional basis in only very few countries. Australia is one of them. Variable purchase options (VPO's), where the payoff is determined by the quotient of a stock and its average price, are traded on the Australian stock exchange since 1992. They build an important component of the Australian derivatives market and are particularly interesting for foreign investors, who are not able to find this sort of financial product on their domestic markets. A better understanding of these products is necessary to maximize the benefits for Australia's financial markets and economy. Read moreRead less
Integrating Mobility on Demand in urban transport infrastructures. Australia’s major cities are substantially challenged for public transport services due to the dispersed and low population densities, and thus, roads are at or beyond their capacity. Smarter demand-responsive public transport services are therefore needed. This project studies the viability of such a service under a variety of scenarios.