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Internal capital markets, divisional rent-seeking and optimal incentives: theory and evidence. There exists a considerable gap between real-world economic organizations and the economic theory of the firm. This project provides formal theories of resource allocation within multidivisional corporations and the nature of optimal incentives, thereby contributing to fill this gap. The project is expected to produce highest-quality research publishable in top-tier journals. This will, among others, e ....Internal capital markets, divisional rent-seeking and optimal incentives: theory and evidence. There exists a considerable gap between real-world economic organizations and the economic theory of the firm. This project provides formal theories of resource allocation within multidivisional corporations and the nature of optimal incentives, thereby contributing to fill this gap. The project is expected to produce highest-quality research publishable in top-tier journals. This will, among others, enhance Australia's standing as a knowledge nation. Additional benefit comes from the possibility of longer term collaborative research between Monash University and the University of Bristol, and possible research collaboration between Australian and British economists that goes beyond the two institutions. Read moreRead less
Extending the scope of modular analysis for the validation of large systems. The increasing complexity of computer systems has severe implications for verification and validation, especially for critical systems (e.g. medical supervision, avionics mission systems). The standard approach is to build a formal model of the system and automatically analyse its behaviour. Such models can be captured in a modular, high-level description, but the number of states is usually so large as to preclude an ....Extending the scope of modular analysis for the validation of large systems. The increasing complexity of computer systems has severe implications for verification and validation, especially for critical systems (e.g. medical supervision, avionics mission systems). The standard approach is to build a formal model of the system and automatically analyse its behaviour. Such models can be captured in a modular, high-level description, but the number of states is usually so large as to preclude analysis. The modular analysis proposed in this project matches the analysis technique to the structure of the model. Preliminary results are promising and motivate the extension of the technique to a larger class of modular descriptions.Read moreRead less
Lifting the curse of dimensionality - bringing together the quasi Monte Carlo and sparse grid methods. This project is expected to lead to improved methods for handling high-dimensional problems (i.e. problems with many variables) that arise in finance, statistics, commerce, physics, and many other fields. In turn this could lead to significant economic benefit, especially to high-value service industries such as the finance industry. By strengthening international collaboration, it will also ....Lifting the curse of dimensionality - bringing together the quasi Monte Carlo and sparse grid methods. This project is expected to lead to improved methods for handling high-dimensional problems (i.e. problems with many variables) that arise in finance, statistics, commerce, physics, and many other fields. In turn this could lead to significant economic benefit, especially to high-value service industries such as the finance industry. By strengthening international collaboration, it will also help to maintain Australia's strong position in international research in the mathematical sciences.Read moreRead less
International Networks in Applied Bayesian Statistics: improving Australia''s knowledge through intelligent data analysis and modelling. National benefits of this project are fourfold: (i) new international networks between Australia, Southern Africa, France and USA in the priority area of mathematical sciences; (ii) state-of-the-art Bayesian statistical methods for integrating and analyzing non-standard data and diverse information sources, including expert opinion, in order to solve complex pr ....International Networks in Applied Bayesian Statistics: improving Australia''s knowledge through intelligent data analysis and modelling. National benefits of this project are fourfold: (i) new international networks between Australia, Southern Africa, France and USA in the priority area of mathematical sciences; (ii) state-of-the-art Bayesian statistical methods for integrating and analyzing non-standard data and diverse information sources, including expert opinion, in order to solve complex problems in environment, industry, health, defence; (iii) direct contribution to solution of global environmental problems, specifically water quality, threatened species and environmental risk; (iv) superior training of the next generation of the global community of researchers in applied statistics.Read moreRead less
Lie-type methods for totally disconnected groups. Groups are algebraic objects which convey symmetry, much as numbers convey size. For example, the rotations of a sphere form a group. This rotation group is one of a class known as the Lie groups that is well understood and has important applications. Totally disconnected groups arise as symmetries of network structures having nodes and a `neighbour' relation between nodes. The Australian investigator has discovered powerful methods for analysing ....Lie-type methods for totally disconnected groups. Groups are algebraic objects which convey symmetry, much as numbers convey size. For example, the rotations of a sphere form a group. This rotation group is one of a class known as the Lie groups that is well understood and has important applications. Totally disconnected groups arise as symmetries of network structures having nodes and a `neighbour' relation between nodes. The Australian investigator has discovered powerful methods for analysing totally disconnected groups which have parallels with Lie group techniques. This project will develop these parallels and establish links with international researchers on Lie groups.Read moreRead less
Variational methods in partial differential equations. Research in partial differential equations is a very active area of modern mathematics linking nonlinear functional analysis, calculus of variations and differential geometry to applied sciences. This project will enable Australia-based researchers to participate in the forefront of mathematical research with leading international mathematicians by establishing new collaborations, strengthening on-going collaborations and providing internat ....Variational methods in partial differential equations. Research in partial differential equations is a very active area of modern mathematics linking nonlinear functional analysis, calculus of variations and differential geometry to applied sciences. This project will enable Australia-based researchers to participate in the forefront of mathematical research with leading international mathematicians by establishing new collaborations, strengthening on-going collaborations and providing international research experience for early career researchers. As a result, this proposal will enhance Australia's distinguished reputation in analysis and further link the UQ group with a number of mathematical institutes in USA and China.Read moreRead less
Totally disconnected groups, representations and discrete mathematics. This project involves participation in programs at the Institute of Advanced Studies in Princeton and the nearby Center for Discrete Mathematics and Theoretical Computer Science that are designed to initiate collaborations across distinct mathematical research areas. These programs will set future research directions and could lead to innovations in computer science. Discoveries I have made in one of the research areas mean ....Totally disconnected groups, representations and discrete mathematics. This project involves participation in programs at the Institute of Advanced Studies in Princeton and the nearby Center for Discrete Mathematics and Theoretical Computer Science that are designed to initiate collaborations across distinct mathematical research areas. These programs will set future research directions and could lead to innovations in computer science. Discoveries I have made in one of the research areas mean that I may be able to make substantial contributions to these programs. Early involvement in influential programs such as these means that Australia is well placed to take advantage of developments that result and also enhances the reputation of Australian mathematics.Read moreRead less
Linear programming approach to nonlinear deterministic and stochastic control problems: perturbations methods and numerical analysis. The proposed research will significantly advance knowledge by creating new analytical and numerical methods for tackling complex nonlinear control problems arising in many applications. The study's outputs will lead to a deeper understanding of fundamental issues in mathematical modelling. Collaboration with renowned researchers will further improve Australia's st ....Linear programming approach to nonlinear deterministic and stochastic control problems: perturbations methods and numerical analysis. The proposed research will significantly advance knowledge by creating new analytical and numerical methods for tackling complex nonlinear control problems arising in many applications. The study's outputs will lead to a deeper understanding of fundamental issues in mathematical modelling. Collaboration with renowned researchers will further improve Australia's standing in the international research community. Also their visits may further promote research both within and outside the host institution. In particular, lectures and seminars that they will deliver will be transmitted to Australian universities participating in the Access Grid Room Project.Read moreRead less
New frontiers in statistical mechanics. The chiral Potts model has been introduced in 1981 as a model for commensurate-incommensurate phase transitions in a layer of atoms or molecules adsorbed to a solid surface. If the adsorbed atoms all fit to holes between the surface atoms, the added layer is frozen, commensurate with the surface. If the added atoms are unable to fit holes, the added layer is no longer commensurate with the surface and could be in a floating state. A deeper understanding of ....New frontiers in statistical mechanics. The chiral Potts model has been introduced in 1981 as a model for commensurate-incommensurate phase transitions in a layer of atoms or molecules adsorbed to a solid surface. If the adsorbed atoms all fit to holes between the surface atoms, the added layer is frozen, commensurate with the surface. If the added atoms are unable to fit holes, the added layer is no longer commensurate with the surface and could be in a floating state. A deeper understanding of this and similar phenomena in layered systems has nanotechnological implications. This may affect the design of new small electronic devices or could apply to small biological systems and the development of new medicines. The project will surely lead to new applicable mathematics.Read moreRead less
A new erasure resilient technique for encoding internet packets. Efficient internet communication tolerates losing some packets sent across the web by sending a bit more information than is required. Any holes in the transmission can be repaired using the redundant data. We propose a new transmission protocol that is much simpler to encode and repairs broken messages faster. This new approach, based on sending data plus summed versions of itself, has generic applicability across all packet switc ....A new erasure resilient technique for encoding internet packets. Efficient internet communication tolerates losing some packets sent across the web by sending a bit more information than is required. Any holes in the transmission can be repaired using the redundant data. We propose a new transmission protocol that is much simpler to encode and repairs broken messages faster. This new approach, based on sending data plus summed versions of itself, has generic applicability across all packet switched information networks.Read moreRead less