Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of ....Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of the performance of global diversified investment funds; and c) prediction to provide early warning of the emergence of destabilising deflation or inflation. These three applications will lead to improved risk management practices and investment performance. Recursive algorithms will provide new statistical methods to study investment asset price movements and market volatility.
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Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in th ....Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in the service industries. It is not well recognised that in developed countries, including Australia, the financial service and related sectors account for more than 60 percent of economic activity and employment, so it is critical that more sophisticated statistical methods be established, and practical applications conducted, in order to advance the understanding of complexity management in the financial service and related sectors.Read moreRead less
The improvement of investment approaches by developing and applying bootstrap methods to innovative evolutionary kernel-based subset time-series modelling. With over $1 trillion of investors' monies in the hands of fund managers, the importance of efficient investment decisions across all industry sectors is self evident. Even if the modest target of systematically improving decision making by 1 or 2 % is set, the aggregate economic benefit achieved, given the compounding effects will be enormou ....The improvement of investment approaches by developing and applying bootstrap methods to innovative evolutionary kernel-based subset time-series modelling. With over $1 trillion of investors' monies in the hands of fund managers, the importance of efficient investment decisions across all industry sectors is self evident. Even if the modest target of systematically improving decision making by 1 or 2 % is set, the aggregate economic benefit achieved, given the compounding effects will be enormous. Any developed or developing country will profit from such advanced decision-making approaches. Therefore it is critical that more sophisticated statistical methods be established, and practical applications conducted, in order to advance the understanding of complexity management in the financial investment and other relevant sectors.Read moreRead less
Formally-Based Security Evaluation Procedures. Guaranteeing information security is of critical national importance, especially in the current political climate. Devices intended to safeguard Australia's electronic communications must be proven secure using leading-edge techniques. Currently, evaluation of such devices relies on informal procedures and the experience of individuals. This project will introduce more rigour into security evaluations by adapting techniques from the fields of saf ....Formally-Based Security Evaluation Procedures. Guaranteeing information security is of critical national importance, especially in the current political climate. Devices intended to safeguard Australia's electronic communications must be proven secure using leading-edge techniques. Currently, evaluation of such devices relies on informal procedures and the experience of individuals. This project will introduce more rigour into security evaluations by adapting techniques from the fields of safety analysis and formal methods. In particular, mathematical concepts will be introduced using notations suitable for use by security personnel with no prior formal methods experience. The outcomes of this project will enable more efficient and effective information security evaluations.Read moreRead less
Developing a Scalable Infrastructure for Embedded E-Security Incorporating Cryptography and Biometric Authentication. A fundamental flaw in existing embedded e-security technologies is their cryptography-plus-PIN-number infrastructure. This has generated security concerns that have proved a major obstacle to the growth of e-commerce, presently a relatively poor 2% of market share. We aim to design a new infrastructure that can solve this security problem by incorporating cryptography and biomet ....Developing a Scalable Infrastructure for Embedded E-Security Incorporating Cryptography and Biometric Authentication. A fundamental flaw in existing embedded e-security technologies is their cryptography-plus-PIN-number infrastructure. This has generated security concerns that have proved a major obstacle to the growth of e-commerce, presently a relatively poor 2% of market share. We aim to design a new infrastructure that can solve this security problem by incorporating cryptography and biometric authentication into a computing resource limited embedded e-security system. The outcomes of this project will be a set of new cryptosystems, new biometrics processing schemes and new onboard resource allocation schemes that will form the basis for the next generation of embedded systems.Read moreRead less
The Characterisation of Fires in Tunnels. A series of 22 fires ranging from 2 megawatt up to 20 megawatt intensity will be set under controlled conditions in unused tunnel facilities, in New South Wales. Instrumentation in the tunnel, donated by the State Rail Authority of New South Wales, will monitor the movement of particulates (smoke). This information is vital to tunnel design, and for passenger life safety. This information will be applicable to all tunnels worldwide.
Development of a Compartment Fire Behaviour Training (CFBT) Database. In recent years, incidents of fire flashover have caused considerable destruction to property and the loss of life. Fire prediction and understanding is an area of significance to both the Australian public and the firefighting profession. The NSW Fire Brigade has recently introduced Compartment Fire Behaviour Training (CFBT). To extend this scheme, a database of configurations will be developed using computational modelling, ....Development of a Compartment Fire Behaviour Training (CFBT) Database. In recent years, incidents of fire flashover have caused considerable destruction to property and the loss of life. Fire prediction and understanding is an area of significance to both the Australian public and the firefighting profession. The NSW Fire Brigade has recently introduced Compartment Fire Behaviour Training (CFBT). To extend this scheme, a database of configurations will be developed using computational modelling, allowing firefighters the ability to experience virtually different situations. Detailed experimental studies will be conducted to validate the numerical model. This database will have use and significance beyond Australia and successful implementation promises reductions in the loss of life and property.Read moreRead less
Experimental and numerical study of sprinklers for improved fire safety. Fire sprinklers are a common method for extinguishing fires. Current lack of detailed knowledge about sprinklers can lead to conservative design and excessive cost, often limiting the installation of these proven life-saving devices. This project sees the involvement of Arup Pty Ltd and the NSW Fire Brigade in examining the behaviour of sprinklers using a custom-designed test-rig, laser based measurement and a numerical mod ....Experimental and numerical study of sprinklers for improved fire safety. Fire sprinklers are a common method for extinguishing fires. Current lack of detailed knowledge about sprinklers can lead to conservative design and excessive cost, often limiting the installation of these proven life-saving devices. This project sees the involvement of Arup Pty Ltd and the NSW Fire Brigade in examining the behaviour of sprinklers using a custom-designed test-rig, laser based measurement and a numerical model. This will result in improved confidence in sprinkler specification and installation and the project will have use and significance beyond Australia. Successful implementation promises reductions in the loss of life and property as well as financial savings.Read moreRead less
Australia's Nuclear Choices. Australia's nuclear choices will be made in the context of a challenging and fluid international strategic environment characterised in Australia's immediate region by heightened global concerns regarding such transnational dilemmas as terrorism, energy security and nuclear proliferation. This project, through exploring the nature, evolution and consequences of contemporary strategic, military and civil nuclear developments impacting on the international non-prolifer ....Australia's Nuclear Choices. Australia's nuclear choices will be made in the context of a challenging and fluid international strategic environment characterised in Australia's immediate region by heightened global concerns regarding such transnational dilemmas as terrorism, energy security and nuclear proliferation. This project, through exploring the nature, evolution and consequences of contemporary strategic, military and civil nuclear developments impacting on the international non-proliferation regime will enable Australian policy-makers to better calibrate the costs and benefits of potential policy changes across these strategic, regime and market realms of Australia's nuclear interests.Read moreRead less
Foundation remediation using resin injection. The aim of this research project is to explore the application of injected expanded polyurethane resins as a new option for the re-levelling and stabilisation of deflected foundations on reactive clay soils. It will identify the physical and behavioural characteristics of resin-injected reactive clay foundations, in the context of both shallow and deep injection, and will identify any limitations to the applicability of the approach. Based on detaile ....Foundation remediation using resin injection. The aim of this research project is to explore the application of injected expanded polyurethane resins as a new option for the re-levelling and stabilisation of deflected foundations on reactive clay soils. It will identify the physical and behavioural characteristics of resin-injected reactive clay foundations, in the context of both shallow and deep injection, and will identify any limitations to the applicability of the approach. Based on detailed laboratory and field testing, and advanced numerical modelling, the outcome will be the ability to confidently assess various foundation remediation strategies in reactive clay soils, and provide much needed design guidance to the geotechnical profession and building industry.Read moreRead less