ARC Financial Integrity Research Network. The integrity of the financial system is constantly under stress because of the development of ever more complex financial instruments, structures and strategies, and the associated research technologies that continues to accelerate worldwide. FIRN's vision is to harness the considerable strengths of Australia's internationally renowned finance, accounting and economics researchers into a research agenda to address issues concerning the integrity of the ....ARC Financial Integrity Research Network. The integrity of the financial system is constantly under stress because of the development of ever more complex financial instruments, structures and strategies, and the associated research technologies that continues to accelerate worldwide. FIRN's vision is to harness the considerable strengths of Australia's internationally renowned finance, accounting and economics researchers into a research agenda to address issues concerning the integrity of the financial system. It will enable Australian research in this area to match the scale and impact of similar research in other major international financial centres, and play an essential role in placing Australia among the world's leaders in financial markets related research.Read moreRead less
Dehumidification and cooling driven by solar/waste heat using liquid desiccants. The provision of comfort cooling is responsible for a considerable and increasing portion of the world energy demand and electricity peak demand. To substitute electrically driven vapour compression machines with their high electrical energy consumption and especially high peak loads, the use of solar energy or waste heat for a cooling and dehumidification system driven by liquid desiccants is a promising opportunit ....Dehumidification and cooling driven by solar/waste heat using liquid desiccants. The provision of comfort cooling is responsible for a considerable and increasing portion of the world energy demand and electricity peak demand. To substitute electrically driven vapour compression machines with their high electrical energy consumption and especially high peak loads, the use of solar energy or waste heat for a cooling and dehumidification system driven by liquid desiccants is a promising opportunity. The project utilises the complementary strengths in the research groups to develop practical and economically feasible cooling/dehumidification systems for different types of buildings with different moisture removal and cooling requirements at different locations (Australia, Southern Europe).Read moreRead less
Multiscale Singularly Perturbed Control Systems. We propose to develop a unified averaging technique to analyse deterministic and stochastic multiscale singularly perturbed control systems. Such systems arise as mathematical models of real-world dynamical systems in which state variables can change their values with the rates of different orders of magnitude. The technique is based on the assumption that the system, which would describe the dynamics of the fast state variables if slow ones were ....Multiscale Singularly Perturbed Control Systems. We propose to develop a unified averaging technique to analyse deterministic and stochastic multiscale singularly perturbed control systems. Such systems arise as mathematical models of real-world dynamical systems in which state variables can change their values with the rates of different orders of magnitude. The technique is based on the assumption that the system, which would describe the dynamics of the fast state variables if slow ones were frozen, possesses certain ergodicity properties expressed in the existence of its limit occupational measures set. Conditions for the existence of such a set will be studied and its structure will be described.Read moreRead less
Unlocking the Grid: the future of the electricity distribution network. This project applies to the National Research Priority of an environmentally sustainable Australia. A critical challenge for the development of power systems will be to transform them from their current dependence on conventional centralised generation to a situation where more diversified, more volatile and less controllable generation sources contribute a significant percentage of the energy. Coupled with this is a change ....Unlocking the Grid: the future of the electricity distribution network. This project applies to the National Research Priority of an environmentally sustainable Australia. A critical challenge for the development of power systems will be to transform them from their current dependence on conventional centralised generation to a situation where more diversified, more volatile and less controllable generation sources contribute a significant percentage of the energy. Coupled with this is a change in demand patterns due to both demographic and socio-economic variables as well as climate change. Careful analysis is required in the design of the future grid architecture to ensure the security of supply.Read moreRead less
Occupational Measures Approach to Long Run Average and Singularly Perturbed Optimal Control Problems. Problems of optimal control of long-run average and singularly perturbed systems arise in many applications. The project will lead to the development of new linear programming based techniques for analyzing these problems (including problems intractable so far) and finding their numerical solutions. The new techniques will have a potential to be further developed into software that can benefit A ....Occupational Measures Approach to Long Run Average and Singularly Perturbed Optimal Control Problems. Problems of optimal control of long-run average and singularly perturbed systems arise in many applications. The project will lead to the development of new linear programming based techniques for analyzing these problems (including problems intractable so far) and finding their numerical solutions. The new techniques will have a potential to be further developed into software that can benefit Australian industries and technologies. The proposed topic is in the focus of interest of many eminent researchers around the world and the dissemination of our results will further improve Australia's standing in the international research community. Read moreRead less
Singular and Analytic Perturbations, Slow and Fast Time Scales in Control Theory and Viability Theory and their Applications. We propose an innovative approach to several important classes of mathematical problems, whose data depend analytically on small perturbation parameters. Time scale problems, and, in particular, the interaction of two types of evolution, slow and fast, arise in many scientific domains (biotechnology, physics, engineering, etc).We expect to develop new techniques for analy ....Singular and Analytic Perturbations, Slow and Fast Time Scales in Control Theory and Viability Theory and their Applications. We propose an innovative approach to several important classes of mathematical problems, whose data depend analytically on small perturbation parameters. Time scale problems, and, in particular, the interaction of two types of evolution, slow and fast, arise in many scientific domains (biotechnology, physics, engineering, etc).We expect to develop new techniques for analysis and asymptotic optimisation of singularly perturbed control systems and Markov decision processes. In particular, we plan to establish links between general nonlinear optimal control problems with time average criteria and linear programming problems in the space of limit occupational measures generated by the underlying control system.Read moreRead less
A Roadmap for Greening Existing Australian Housing. The project will minimise the impact of the Greenhouse Pollution Reduction Scheme and anticipated rises in water costs on the householders. It will assist the consumers and the building industry in evaluating the environmental and economic costs and benefits of specific retrofitting actions for building envelope and major fixed appliances (thermal insulation, glazing, air infiltration, hot water, heating/cooling, lighting, low water flow and wa ....A Roadmap for Greening Existing Australian Housing. The project will minimise the impact of the Greenhouse Pollution Reduction Scheme and anticipated rises in water costs on the householders. It will assist the consumers and the building industry in evaluating the environmental and economic costs and benefits of specific retrofitting actions for building envelope and major fixed appliances (thermal insulation, glazing, air infiltration, hot water, heating/cooling, lighting, low water flow and water reuse appliances, and solar photovoltaic systems). In addition to assisting a burgeoning renovation industry, the project will enable accurate assessment of the impacts of the Green Loans Program and guide future national and local energy and water reduction policies. Read moreRead less