Forensic management approach to rework mitigation and prevention in construction. Rework is the unnecessary effort of re-doing a process or activity. The direct costs of rework in construction have been reported to be as high as 25% of project costs. These rework costs would be higher if they included the intangible, but real costs of disruption caused by schedule delays, litigation, and dysfunctional contract relationships. To reduce rework in construction projects a forensic project managem ....Forensic management approach to rework mitigation and prevention in construction. Rework is the unnecessary effort of re-doing a process or activity. The direct costs of rework in construction have been reported to be as high as 25% of project costs. These rework costs would be higher if they included the intangible, but real costs of disruption caused by schedule delays, litigation, and dysfunctional contract relationships. To reduce rework in construction projects a forensic project management model that can be used to stimulate learning and process improvement will be developed, evaluated and validated. This will enable the design of strategies to reduce rework and improve the overall performance of projects.Read moreRead less
Modelling the structure of Australian wool auction prices. Australian wool auction ($3.5-4 billions per year) is an on-going process. The prices paid in this auction market are used by the Australian production and service sectors to identify the quality preferences the international retail markets and the intermediate processors. The proposed research will optimise the information that can be extracted and used by these sectors in the production and distribution of the raw wool clip. A two- ....Modelling the structure of Australian wool auction prices. Australian wool auction ($3.5-4 billions per year) is an on-going process. The prices paid in this auction market are used by the Australian production and service sectors to identify the quality preferences the international retail markets and the intermediate processors. The proposed research will optimise the information that can be extracted and used by these sectors in the production and distribution of the raw wool clip. A two-stages algorithm in tree-based regression will be developed. The project will provide a challenge environment to train a Ph.D. student in agriculture modelling and optimisation.Read moreRead less
Risk and Reliability in Stochastic Optimisation and Equilibrium. This project seeks to develop theory and methodology in optimisation which take advantage of recent progress in understanding and treating risk in decision making. Problems of optimisation in the face of uncertainty must confront the risk inherent in having to make reliable decisions before knowing the outcomes of crucial random variables on which costs and constraints may depend. Recent theoretical developments, featuring ‘measure ....Risk and Reliability in Stochastic Optimisation and Equilibrium. This project seeks to develop theory and methodology in optimisation which take advantage of recent progress in understanding and treating risk in decision making. Problems of optimisation in the face of uncertainty must confront the risk inherent in having to make reliable decisions before knowing the outcomes of crucial random variables on which costs and constraints may depend. Recent theoretical developments, featuring ‘measures of risk’ beyond just-expected values and quantiles offer hope of major new advances. This project aims to achieve such advances not only in optimisation but also in models of equilibrium that likewise have to deal with uncertainty. Extending current theory and methodology to such multi-stage stochastic models is a challenge. Besides taking up this challenge for its own sake, a major goal of this research will be to use the results in solution algorithms.Read moreRead less
Designing an Intelligent Process Operation Management System. The complexity and sophistication of current generation of industrial processes, and the growing need for autonomous agents that control physical systems, motivate the need for the development of an intelligent process operation management system. In this project, the innovative integration of theories from different scientific fields (computer systems, process engineering, systems and control engineering) provides an excellent platfo ....Designing an Intelligent Process Operation Management System. The complexity and sophistication of current generation of industrial processes, and the growing need for autonomous agents that control physical systems, motivate the need for the development of an intelligent process operation management system. In this project, the innovative integration of theories from different scientific fields (computer systems, process engineering, systems and control engineering) provides an excellent platform for development of a smart data management tool, to oversee the major operational tasks within the plant and help the operators and engineers to make more informed decisions. Direct application of the techniques developed in this study to a pilot case study, could be used as a benchmark to show the potential benefits that can be gained through smart information use and data management.Read moreRead less
A framework for prioritising investment in natural resource management. If public funds applied to natural resource management are to achieve the highest level benefit, then the potential projects have to be prioritized. This is difficult when the expected benefits are both incommensurate (e.g. protection of roads v. areas of biodiversity) and uncertain. This project will evaluate alternative decision support methods for making such choices, with a particular focus on salinity management in We ....A framework for prioritising investment in natural resource management. If public funds applied to natural resource management are to achieve the highest level benefit, then the potential projects have to be prioritized. This is difficult when the expected benefits are both incommensurate (e.g. protection of roads v. areas of biodiversity) and uncertain. This project will evaluate alternative decision support methods for making such choices, with a particular focus on salinity management in Western Australia, although it is anticipated that the lessons learned could be applied to other NRM policies. The outcome will be a contribution to aid participatory decision making.Read moreRead less
Implementation of a strategic framework for investment for Natural Resource Management: evaluation and development. If public funds applied to natural resource management are to achieve the highest level benefit, then the potential projects have to be prioritized. This is difficult when the expected benefits are both incommensurate (e.g. protection of roads v. areas of biodiversity) and uncertain. This project will evaluate alternative decision support methods for making such choices, with a par ....Implementation of a strategic framework for investment for Natural Resource Management: evaluation and development. If public funds applied to natural resource management are to achieve the highest level benefit, then the potential projects have to be prioritized. This is difficult when the expected benefits are both incommensurate (e.g. protection of roads v. areas of biodiversity) and uncertain. This project will evaluate alternative decision support methods for making such choices, with a particular focus on salinity management in Western Australia, although it is anticipated that the lessons learned could be applied to other NRM policies. The outcome will be a contribution to aid participatory decision making.Read moreRead less
Special Research Initiatives - Grant ID: SR0354727
Funder
Australian Research Council
Funding Amount
$20,000.00
Summary
Mathematics for Government, Industry and Community -- The *Magic* Network. The *Magic* network will promote the use of mathematics by government, industry and community to analyse real problems and implement practical solutions. It will connect the most promising young Australian mathematicians to experienced researchers with strong research teams linked directly to the broader community. Our program will demand research excellence, emphasise a sustainable society, support outstanding young mat ....Mathematics for Government, Industry and Community -- The *Magic* Network. The *Magic* network will promote the use of mathematics by government, industry and community to analyse real problems and implement practical solutions. It will connect the most promising young Australian mathematicians to experienced researchers with strong research teams linked directly to the broader community. Our program will demand research excellence, emphasise a sustainable society, support outstanding young mathematicians and create opportunities for promising postgraduate students. We will offer scholarships for professional development and fund research visits and exchanges. *Magic* will provide tangible incentives for young Australian mathematicians and a new generation of researchers and research leaders.Read moreRead less
The Future of Australian Mineral Exports. Australia is among the world's largest exporters of steelmaking raw materials, specifically iron ore, coking coal and manganese. This project will develop an integrated econometric model of the global steel industry to forecast future trends in global steel production and the associated demand for raw materials. The results of this research will not only assist Australian mineral exporters in achieving better outcomes in annual pricing negotiations by im ....The Future of Australian Mineral Exports. Australia is among the world's largest exporters of steelmaking raw materials, specifically iron ore, coking coal and manganese. This project will develop an integrated econometric model of the global steel industry to forecast future trends in global steel production and the associated demand for raw materials. The results of this research will not only assist Australian mineral exporters in achieving better outcomes in annual pricing negotiations by improving market knowledge, but also help focus their longer term marketing strategies. The extensive global mine database to be assembled as part of the network flow component of this model will also allow Australian mineral exporters to assess their competitive position relative to foreign producers.Read moreRead less
HYBRID METHODS FOR SOLVING LARGE-SCALE OPTIMISATION PROBLEMS. Mathematical modelling and optimisation plays a crucial role in the advancement of modern business, science and technology. A significant benefit of this project is the development of a range of powerful computational tools for improving the productivity of Australian industry, including: agriculture; communications; defence; manufacturing; mining and petroleum; transport and logistics. These tools will be built upon advances in the f ....HYBRID METHODS FOR SOLVING LARGE-SCALE OPTIMISATION PROBLEMS. Mathematical modelling and optimisation plays a crucial role in the advancement of modern business, science and technology. A significant benefit of this project is the development of a range of powerful computational tools for improving the productivity of Australian industry, including: agriculture; communications; defence; manufacturing; mining and petroleum; transport and logistics. These tools will be built upon advances in the fundamental theory developed by the research team. The resulting high quality publications and associated algorithms will greatly enhance Australia's international scientific reputation and provide Australian industry with new cutting-edge optimisation technology.Read moreRead less
Robust methods for hard optimization problems. Highly advanced industrial and information-based societies depend on complex systems that underpin their infrastructure and technologies. Mathematical modelling and optimization techniques are most frequently deployed for the development and refinement of these systems. This project focuses on an important class of difficult optimization problems that arise in many applications. A significant benefit of this project is the development of a number of ....Robust methods for hard optimization problems. Highly advanced industrial and information-based societies depend on complex systems that underpin their infrastructure and technologies. Mathematical modelling and optimization techniques are most frequently deployed for the development and refinement of these systems. This project focuses on an important class of difficult optimization problems that arise in many applications. A significant benefit of this project is the development of a number of robust methods for these hard optimization problems. These methods will be built upon advances in the fundamental theory developed by the research team. The resulting high quality publications and associated algorithms will greatly enhance Australia's international scientific reputation.Read moreRead less