Novel Mathematical Technologies for Financial Valuation and Risk. The finance industry is a key industry sector in Australia, with a highly qualified and well-paid work force. The profitability and stability of financial institutions rests in part on their ability to accurately and rapidly value innovative financial products and to quantify risk, yet many contemporary financial products are difficult to value quickly and accurately. This project will bring innovative mathematical technologies ....Novel Mathematical Technologies for Financial Valuation and Risk. The finance industry is a key industry sector in Australia, with a highly qualified and well-paid work force. The profitability and stability of financial institutions rests in part on their ability to accurately and rapidly value innovative financial products and to quantify risk, yet many contemporary financial products are difficult to value quickly and accurately. This project will bring innovative mathematical technologies to bear on complex financial problems. It has the potential to improve both the profitability and stability of Australian financial institutions, and to enhance their role regionally and internationally.Read moreRead less
Developing Light Weight Automotive Structures. In Australia, most automotive companies are now considering advanced high strength, formable steels for weight reduction. These steels are extremely complex with little published research in key areas of their application. The objective is to develop a detailed understanding of the forming and post forming properties of a range of these steels and from this to design and produce new lighter weight automotive structures. This work will include improv ....Developing Light Weight Automotive Structures. In Australia, most automotive companies are now considering advanced high strength, formable steels for weight reduction. These steels are extremely complex with little published research in key areas of their application. The objective is to develop a detailed understanding of the forming and post forming properties of a range of these steels and from this to design and produce new lighter weight automotive structures. This work will include improved finite element models to predict the shape as well as a detailed understanding of how to manufacture components from these steels at high production rates and the mechanical properties after manufacturing.
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A Robust Optimization Technique for Identifying Geomechanical Parameters Using In-situ Measurements. The aim of this project is to develop a robust optimisation technique for identifying geomechanical parameters for subsequent stability analysis of rock structures in particular open pits. The development involves a novel solution method based on current work in finite element method and large-scale optimisation with partial differential equation constraints. The outcomes of the project will prov ....A Robust Optimization Technique for Identifying Geomechanical Parameters Using In-situ Measurements. The aim of this project is to develop a robust optimisation technique for identifying geomechanical parameters for subsequent stability analysis of rock structures in particular open pits. The development involves a novel solution method based on current work in finite element method and large-scale optimisation with partial differential equation constraints. The outcomes of the project will provide a sophisticated numerical technique for geotechnical engineers/scientists to determine geomechanical parameters accurately from in-situ observation and displacement measurements, leading to the optimal design of rock structures in subsequent analysis.Read moreRead less
Developing a robust model for pricing inter-related volatility-based financial derivative contracts. Volatility-based financial contracts were developed in the late 1990s to provide an easy way for investors to gain exposure to the future level of volatility and thus provide a means by which they could speculate on its future levels and also hedge unpredictable volatility risk. This would potentially save them from losing vast quantities of money. However these products can only be efficient pr ....Developing a robust model for pricing inter-related volatility-based financial derivative contracts. Volatility-based financial contracts were developed in the late 1990s to provide an easy way for investors to gain exposure to the future level of volatility and thus provide a means by which they could speculate on its future levels and also hedge unpredictable volatility risk. This would potentially save them from losing vast quantities of money. However these products can only be efficient products for trading and risk management if they are priced correctly. This project will benefit investors by providing empirically viable models that will be able to be easily implemented to provide accurate and fast pricing solutions.Read moreRead less
The design and development of a novel high power-to-weight actuator. Powerful and compact actuators are becoming increasingly in demand due to the sophistication in a range of uses varying from aerospace to automotive accessories. The aim of this project is to develop an actuator with high performance and power-to-weight ratio, suitable for use in cutting-edge applications. In the first instance, the focus will be on developing an automotive mirror actuator in close collaboration with the indust ....The design and development of a novel high power-to-weight actuator. Powerful and compact actuators are becoming increasingly in demand due to the sophistication in a range of uses varying from aerospace to automotive accessories. The aim of this project is to develop an actuator with high performance and power-to-weight ratio, suitable for use in cutting-edge applications. In the first instance, the focus will be on developing an automotive mirror actuator in close collaboration with the industrial partner, but the generic research outcomes will be applicable to development of actuators for other purposes. The new generation actuators will contribute to Australian manufacturing exports to become internationally competitive.Read moreRead less
Permeable Pavements with Concrete Surface Layers- Experimental and Theoretical Basis for Analysis and Design. Permeable pavements constitute unique and effective means to address important environmental issues and support green, sustainable growth. By capturing stormwater and allowing it to seep into the ground, porous pavements are instrumental in recharging groundwater, reducing stormwater runoff and preventing pollutants from entering the Australian river systems and sea-shores. Other advanta ....Permeable Pavements with Concrete Surface Layers- Experimental and Theoretical Basis for Analysis and Design. Permeable pavements constitute unique and effective means to address important environmental issues and support green, sustainable growth. By capturing stormwater and allowing it to seep into the ground, porous pavements are instrumental in recharging groundwater, reducing stormwater runoff and preventing pollutants from entering the Australian river systems and sea-shores. Other advantages for Australian communities that are associated with the construction of permeable pavement arise from their properties such as acoustic and thermal insulation due to the high void content of the material. Thus, permeable pavements improve on the living conditions in urban areas by reducing noise levels and preventing urban heat island effects.Read moreRead less
An Advanced Numerical Technique for Stability Analysis of Mining Excavations in Jointed/Faulted Rock Masses under High Stresses. The aim of this project is to develop a sophisticated mathematical model and computational technique for the stability analysis of mining excavations in jointed/faulted rock masses. The development involves a novel solution method based on current work in finite element method, boundary element method and large-scale optimisation with partial differential equation cons ....An Advanced Numerical Technique for Stability Analysis of Mining Excavations in Jointed/Faulted Rock Masses under High Stresses. The aim of this project is to develop a sophisticated mathematical model and computational technique for the stability analysis of mining excavations in jointed/faulted rock masses. The development involves a novel solution method based on current work in finite element method, boundary element method and large-scale optimisation with partial differential equation constraints. The work is extremely important to the mining industry in Australia, as the outcomes of the project will provide engineers with an innovative simulation technique to optimise mine design and to predict and control rock failure so as to reduce personnel injuries and death toll in mine sites.Read moreRead less
Computational methods in atomic collision theory. We will develop computational methods for solving interactions between particles on the atomic scale. Computational problems, of particular interest to the industry partner, are the treatment of large-scale ill-conditioned linear systems, and the extension of the Gaussian molecular structure package to collision physics. We have been world-leaders in the field of atomic collision theory for almost a decade, and now, utilising the latest software ....Computational methods in atomic collision theory. We will develop computational methods for solving interactions between particles on the atomic scale. Computational problems, of particular interest to the industry partner, are the treatment of large-scale ill-conditioned linear systems, and the extension of the Gaussian molecular structure package to collision physics. We have been world-leaders in the field of atomic collision theory for almost a decade, and now, utilising the latest software and hardware, will have the capacity to extend the numerical techniques to a vast range of collision systems of interest to science and industry, where visualisation and sheer computer power will play a major role in both
code development and production runs.Read moreRead less
Diffusion and transport of saltwater in coastal aquifers. Saltwater intrusion is a severe environmental problem in coastal regions of Australia, resulting in loss of agricultural land at an alarming rate. This project aims to develop a three-dimensional mathematical model for the simulation and prediction of saltwater intrusion into complex coastal aquifers based on recent advances in the theory of anomalous diffusion, stochastic modelling and numerical methods. The parameters of the model such ....Diffusion and transport of saltwater in coastal aquifers. Saltwater intrusion is a severe environmental problem in coastal regions of Australia, resulting in loss of agricultural land at an alarming rate. This project aims to develop a three-dimensional mathematical model for the simulation and prediction of saltwater intrusion into complex coastal aquifers based on recent advances in the theory of anomalous diffusion, stochastic modelling and numerical methods. The parameters of the model such as hydraulic conductivity and porosity will be estimated using multifractal techniques based on field data at the microscale. Once validated from measurements, the model will be used directly for resource management and planning.Read moreRead less
Robust Optimal Asset Liability Management via Stochastic Control Theory. The Australian federal and state governments are strongly exposed to the Australian and international investment markets, either directly or through entities such as the Future Fund, state-owned insurers and superannuation schemes. Additionally, the investment pool represented by individual Australian's superannuation savings managed by non-government organisations is significant. Robust and effective management of these ....Robust Optimal Asset Liability Management via Stochastic Control Theory. The Australian federal and state governments are strongly exposed to the Australian and international investment markets, either directly or through entities such as the Future Fund, state-owned insurers and superannuation schemes. Additionally, the investment pool represented by individual Australian's superannuation savings managed by non-government organisations is significant. Robust and effective management of these assets in order to meet future liabilities of these funds are essential to a stable Australian economy. This research has the potential to be a key component of reliable investment management, helping make Australia an important investment hub.Read moreRead less