Bushfire analytics: optimisation of fuel reduction. Bushfires are an integral part of the Australian ecosystem. However, their severity has been worsening rapidly over the past decade. This project aims to develop a principled and scalable methodology for optimising fuel treatment planning to reduce the potential for severe bushfires. This project expects to generate new knowledge in bushfire fuel management using a groundbreaking combination of mathematical modelling techniques and state-of-the ....Bushfire analytics: optimisation of fuel reduction. Bushfires are an integral part of the Australian ecosystem. However, their severity has been worsening rapidly over the past decade. This project aims to develop a principled and scalable methodology for optimising fuel treatment planning to reduce the potential for severe bushfires. This project expects to generate new knowledge in bushfire fuel management using a groundbreaking combination of mathematical modelling techniques and state-of-the-art optimisation methods. The expected outcomes should provide significant benefits to our nation's ability to respond and adapt to the impacts of environmental change on biological systems and urban and rural communities.Read moreRead less
Weather, climate & geological risks: derivative pricing & risk management. This project aims to create new mathematical models and approaches for the fair valuation and hedging of financial derivatives, tackling funding for climate change adaptation and catastrophic disaster risk management. Businesses use derivatives to strategically mitigate financial losses from adverse climate conditions and geological hazards. Expected outcomes are improved models for weather variables and hazard risk asses ....Weather, climate & geological risks: derivative pricing & risk management. This project aims to create new mathematical models and approaches for the fair valuation and hedging of financial derivatives, tackling funding for climate change adaptation and catastrophic disaster risk management. Businesses use derivatives to strategically mitigate financial losses from adverse climate conditions and geological hazards. Expected outcomes are improved models for weather variables and hazard risk assessment; richer methodology from the fusion of mathematical techniques, data analysis and earth sciences perspectives; and quantitative solutions to pressing societal concerns. Significant benefits also include highly qualified personnel training and international collaboration on common multidisciplinary research priorities.Read moreRead less