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
Large Markov decision processes and combinatorial optimisation. Markov decision processes continue to gain in popularity for modelling a wide range of applications ranging from analysis of supply chains and queueing networks to cognitive science and control of autonomous vehicles. Nonetheless, they tend to become numerically intractable as the size of the model grows fast. Recent works use machine learning techniques to overcome this crucial issue, but with no convergence guarantee. This project ....Large Markov decision processes and combinatorial optimisation. Markov decision processes continue to gain in popularity for modelling a wide range of applications ranging from analysis of supply chains and queueing networks to cognitive science and control of autonomous vehicles. Nonetheless, they tend to become numerically intractable as the size of the model grows fast. Recent works use machine learning techniques to overcome this crucial issue, but with no convergence guarantee. This project aims to provide theoretically sound frameworks for solving large Markov decision processes, and exploit them to solve important combinatorial optimisation problems. This timely project can promote Australia's position in the development of such novel frameworks for many scientific and industrial applications.Read moreRead less
Generalised Degrees of Freedom and Probabilistic Regularisation. This project intends to develop novel statistical tools for more accurate prediction by taking account of model complexity and uncertainties associated with the fitting procedure. The project also plans to develop a novel shrinkage approach via new penalty functions to avoid over-fitting and asymptotic properties. The key applications may include genetic studies where the number of predictors is large and biological experiments whe ....Generalised Degrees of Freedom and Probabilistic Regularisation. This project intends to develop novel statistical tools for more accurate prediction by taking account of model complexity and uncertainties associated with the fitting procedure. The project also plans to develop a novel shrinkage approach via new penalty functions to avoid over-fitting and asymptotic properties. The key applications may include genetic studies where the number of predictors is large and biological experiments where multivariate and temporal data are often collected – for example economical breeding in animal and fish farming and more effectively detecting the genes of interest in genetic studies on human, animals and plants.Read moreRead less