Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of ....Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of the performance of global diversified investment funds; and c) prediction to provide early warning of the emergence of destabilising deflation or inflation. These three applications will lead to improved risk management practices and investment performance. Recursive algorithms will provide new statistical methods to study investment asset price movements and market volatility.
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Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in th ....Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in the service industries. It is not well recognised that in developed countries, including Australia, the financial service and related sectors account for more than 60 percent of economic activity and employment, so it is critical that more sophisticated statistical methods be established, and practical applications conducted, in order to advance the understanding of complexity management in the financial service and related sectors.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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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
Western Australia severe weather prediction: optimising forecasts using new data sources and improved high-resolution models. WA suffers unusually high exposure to severe tropical and extra-tropical weather, from its size and geographical location. This project will develop enhanced data assimilation and modelling techniques, using emerging high-resolution satellite and other data to improve the timeliness, accuracy and reliability of weather forecasts for WA. Outcomes include: improved forecas ....Western Australia severe weather prediction: optimising forecasts using new data sources and improved high-resolution models. WA suffers unusually high exposure to severe tropical and extra-tropical weather, from its size and geographical location. This project will develop enhanced data assimilation and modelling techniques, using emerging high-resolution satellite and other data to improve the timeliness, accuracy and reliability of weather forecasts for WA. Outcomes include: improved forecast systems for predicting severe weather affecting WA (and consequently Australia), and ensemble forecast systems that provide valuable probabilistic information, such as confidence limits in the forecasts. Better forecasts issued earlier for severe weather events will allow appropriate planning and management measures, thereby reducing their present high social and economic cost.Read moreRead less
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
A New Approach to Air Traffic Management to Deliver Significantly Reduced Environmental Impact and System-wide Efficiencies. Aviation is often cited as a major contributor to harmful emissions in the upper atmosphere. The primary outcome of this project is the development of tools that will enable aviation industry stakeholders to optimise the deployment of 4-Dimensional User Preferred Trajectories across Australian airspace. It is expected that this will result in significant environmental bene ....A New Approach to Air Traffic Management to Deliver Significantly Reduced Environmental Impact and System-wide Efficiencies. Aviation is often cited as a major contributor to harmful emissions in the upper atmosphere. The primary outcome of this project is the development of tools that will enable aviation industry stakeholders to optimise the deployment of 4-Dimensional User Preferred Trajectories across Australian airspace. It is expected that this will result in significant environmental benefit, through reductions in fuel burn for each flight, and increases in system effectiveness. The project will enable better analysis of Australian aviation environmental effect, whilst at the same time allowing the aviation industry to continue to contribute to Australia's sustainable economic growth. Read moreRead less
Reconstructing land tenure maps of Australia in 3D. Existing land tenure maps of above and below ground, such as apartment ownership, tunnels, and mining, are maintained using 2D drawings. However, the drawings are not structured and valuable for detailed and advanced visualisation, analytics, and simulation, which are essential for testing potential interventions and policy development. This project aims to develop a data validation framework for transforming current drawings and reconstructing ....Reconstructing land tenure maps of Australia in 3D. Existing land tenure maps of above and below ground, such as apartment ownership, tunnels, and mining, are maintained using 2D drawings. However, the drawings are not structured and valuable for detailed and advanced visualisation, analytics, and simulation, which are essential for testing potential interventions and policy development. This project aims to develop a data validation framework for transforming current drawings and reconstructing them into 3D models. The outcomes include validation principles, formal mathematical terms, and computational algorithms. Benefits include a cost-effective onshore alternative to offshore 3D reconstruction practices, efficient land development and infrastructure planning, and fewer property disputes.Read moreRead less
Developing Sophisticated e-Business Automation. This project will provide theoretical foundations and a practical platform for developing advanced e-business automation technology. As such, it will significantly enhance Australia's leading role in the cutting edge research on e-business automation. By applying the new methodology and technology, Australian IT industries will be able to develop highly efficient e-market application systems, which will be financially beneficial to most organizatio ....Developing Sophisticated e-Business Automation. This project will provide theoretical foundations and a practical platform for developing advanced e-business automation technology. As such, it will significantly enhance Australia's leading role in the cutting edge research on e-business automation. By applying the new methodology and technology, Australian IT industries will be able to develop highly efficient e-market application systems, which will be financially beneficial to most organizations as Australia business and institutions are moving towards a more electronically oriented future. With a strong research team and collaborative research training environment, this project will further promote Australia's international reputation as a leader in Computing and IT research.Read moreRead less
STRUCTURAL ANALYSIS OF SILICON ON SAPPHIRE THIN FILMS GROWN USING SOLID-PHASE EPITAXIAL TECHNIQUES. Devices based on silicon-on-sapphire processing are potentially faster and are prepared with fewer processing steps than those based on conventional silicon processing technology. However, silicon-on-sapphire films prepared by traditional methods are unsatisfactory due to the high densities of defects they contain. The development of solid phase epitaxial processing has lead to significant increas ....STRUCTURAL ANALYSIS OF SILICON ON SAPPHIRE THIN FILMS GROWN USING SOLID-PHASE EPITAXIAL TECHNIQUES. Devices based on silicon-on-sapphire processing are potentially faster and are prepared with fewer processing steps than those based on conventional silicon processing technology. However, silicon-on-sapphire films prepared by traditional methods are unsatisfactory due to the high densities of defects they contain. The development of solid phase epitaxial processing has lead to significant increases in performance. This project will characterize the structures of films grown by this new process, and relate them to both the processing conditions and device performance. A greater understanding of the relationship between processing, structure and properties will assist the commercial development of these devices.Read moreRead less