Two-price quantitative finance. This project aims to establish a novel field, namely two-price quantitative finance, and explore its applications. The new field will integrate two major schools for modelling and explain the presence of two prices, the buying and selling prices, widely observed in the real-world markets, and the equilibrium approach from the fundamental law of one price. The outcomes would deepen our understanding of the fundamental relationship among liquidity, prices, risk and ....Two-price quantitative finance. This project aims to establish a novel field, namely two-price quantitative finance, and explore its applications. The new field will integrate two major schools for modelling and explain the presence of two prices, the buying and selling prices, widely observed in the real-world markets, and the equilibrium approach from the fundamental law of one price. The outcomes would deepen our understanding of the fundamental relationship among liquidity, prices, risk and the economy. This project expects to bring about long-term impact on quantitative finance and related applications through providing a deep understanding of, and a new perspective for, the design, risk and fairness of the finance, property and insurance markets.Read moreRead less
Perturbations in Complex Systems and Games. This project aims to: advance the perturbation theory of dynamic and stochastic games; further develop approximations of infinite dimensional linear programs by their finite dimensional counterparts, and by finding asymptotic limits of spaces of occupational measures, by solution of successive layers of fundamental equations; explain and quantify the "exceptionality" of instances of systems that are genuinely difficult to solve; and, capitalise on the ....Perturbations in Complex Systems and Games. This project aims to: advance the perturbation theory of dynamic and stochastic games; further develop approximations of infinite dimensional linear programs by their finite dimensional counterparts, and by finding asymptotic limits of spaces of occupational measures, by solution of successive layers of fundamental equations; explain and quantify the "exceptionality" of instances of systems that are genuinely difficult to solve; and, capitalise on the outstanding performance of our Snakes-and-Ladders Heuristic (SLH) for the solution of the Hamiltonian cycle problem to identify its "fixed complexity orbits" and generalise this notion to other NP-complete problems.Read moreRead less
Co-design and dynamic mission optimisation of hypersonic flight vehicles. This project aims to deliver fundamental knowledge by integrating the modelling and control with the design of next generation hypersonic platforms. In an era where Australia's national security reliance on geographic isolation and support from allied forces are being challenged, the research outcomes of this project will play an important role in understanding the capabilities of hypersonic systems. The project will also ....Co-design and dynamic mission optimisation of hypersonic flight vehicles. This project aims to deliver fundamental knowledge by integrating the modelling and control with the design of next generation hypersonic platforms. In an era where Australia's national security reliance on geographic isolation and support from allied forces are being challenged, the research outcomes of this project will play an important role in understanding the capabilities of hypersonic systems. The project will also have significant spillover benefits into other complex system domains, where computational tools can be used to aid in design leading to high embedded-IP products for Australian industry. Furthermore, the proposal encompasses a strong research training aspect, with graduates exposed to leading edge industry and academia.Read moreRead less
Insect-inspired flapping wing robots: autonomous flight control systems. This project aims to design a novel control scheme for insect-inspired, flapping-wing, micro aerial vehicles. This type of micro aerial vehicle has complex, periodic, time-varying and inherently unstable dynamics, which are practically challenging to model and implement in hardware. This project will design energy-based automatic stabilization and task-dependent control, and develop the insect-inspired platform for testing ....Insect-inspired flapping wing robots: autonomous flight control systems. This project aims to design a novel control scheme for insect-inspired, flapping-wing, micro aerial vehicles. This type of micro aerial vehicle has complex, periodic, time-varying and inherently unstable dynamics, which are practically challenging to model and implement in hardware. This project will design energy-based automatic stabilization and task-dependent control, and develop the insect-inspired platform for testing nonlinear control strategies. The expected outcomes will include new system and control theories, concepts, principles and technologies in controller design that can provide reliable flight control for bio-inspired, flapping-wing systems.Read moreRead less
An advanced framework for multi-agent strategic interactions. Communication security protocols and computer algorithms are expressible in terms of strategic interactions between competing agents, which can be analyzed in a game theory setting. This project will exploit the recent advances in extending this game theory framework to multidimensional spaces, thereby strengthening the theoretical foundations. This will provide new insights into the working of algorithms, potentially improving futur ....An advanced framework for multi-agent strategic interactions. Communication security protocols and computer algorithms are expressible in terms of strategic interactions between competing agents, which can be analyzed in a game theory setting. This project will exploit the recent advances in extending this game theory framework to multidimensional spaces, thereby strengthening the theoretical foundations. This will provide new insights into the working of algorithms, potentially improving future secure key distribution. Multi-agent interactions in higher dimensional spaces are considered intractable using traditional matrix methods and this project will build on our exciting new breakthrough showing that such interactions are tractable using geometric multivectors.Read moreRead less
Controlling coastlines while generating power. The Project aims to produce strategies for protecting coasts from storms using farms of wave-energy machines, which also generate electricity. Increasing lengths of coast need protection as the climate changes, but conventional barriers create permanent environmental impacts and are a sunk cost usually borne by the taxpayer. The Project expects to derive a strategy for the setting of each machine in the farm, so that they collectively absorb or refl ....Controlling coastlines while generating power. The Project aims to produce strategies for protecting coasts from storms using farms of wave-energy machines, which also generate electricity. Increasing lengths of coast need protection as the climate changes, but conventional barriers create permanent environmental impacts and are a sunk cost usually borne by the taxpayer. The Project expects to derive a strategy for the setting of each machine in the farm, so that they collectively absorb or reflect damaging waves under severe conditions. Under normal conditions, enough wave energy to sustain environmental processes would pass through. Sales of electricity would help to pay back the capital cost. Outcomes would include reduced coastal-erosion costs and a low-intermittency energy supply.Read moreRead less
Addressing significant product safety knowledge gaps for older Australians . This project addresses significant gaps in contemporary knowledge of consumer product safety risks for older persons, with 25 years since the last Australian product safety research found older persons are at high risk of product-related injury/death. Products have evolved substantially and aged care models have changed in that time. This project generates contemporary knowledge of unsafe products causing injuries/death ....Addressing significant product safety knowledge gaps for older Australians . This project addresses significant gaps in contemporary knowledge of consumer product safety risks for older persons, with 25 years since the last Australian product safety research found older persons are at high risk of product-related injury/death. Products have evolved substantially and aged care models have changed in that time. This project generates contemporary knowledge of unsafe products causing injuries/deaths, risk factors/behaviours, and human rights issues. Outcomes benefiting the Australian community are improved prediction/characterisation of product safety issues for older Australians informing safer product design and use, targetted regulatory responses, ageing-in-place strategies, and creating safer home environments.Read moreRead less
Symmetry and geometric partial differential equations. This project aims to develop tools to assist the study of partial differential equations, which are fundamental to our understanding of the physical world. Symmetries of the Laplace equation are fundamental in both finding and interpreting its solutions and can be traced to the conformal symmetries of the underlying space. Only for the most symmetric of spaces, Euclidean space and the sphere, is this correspondence well understood. Using pow ....Symmetry and geometric partial differential equations. This project aims to develop tools to assist the study of partial differential equations, which are fundamental to our understanding of the physical world. Symmetries of the Laplace equation are fundamental in both finding and interpreting its solutions and can be traced to the conformal symmetries of the underlying space. Only for the most symmetric of spaces, Euclidean space and the sphere, is this correspondence well understood. Using powerful geometric tools from conformal geometry, the project will extend this to less symmetric spaces. The knowledge generated from this project will extend to more general geometric contexts providing a concrete setting for the study of the associated natural equations in curved spaces.Read moreRead less
Industrial Transformation Training Centres - Grant ID: IC190100017
Funder
Australian Research Council
Funding Amount
$3,703,664.00
Summary
ARC Training Centre for Integrated Operations for Complex Resources. This Training Centre aims to increase value in mining through clever applications of ‘lean processing’ and train the next generation of scientists and engineers in advanced sensors and data analytics in complex resources; knowledge priorities for the mining industry. Sensor information will be linked to the resource’s in-place knowledge to enable data analytics of all embedded knowledge. Processing can then be tuned to resource ....ARC Training Centre for Integrated Operations for Complex Resources. This Training Centre aims to increase value in mining through clever applications of ‘lean processing’ and train the next generation of scientists and engineers in advanced sensors and data analytics in complex resources; knowledge priorities for the mining industry. Sensor information will be linked to the resource’s in-place knowledge to enable data analytics of all embedded knowledge. Processing can then be tuned to resource attributes, maximising value ‘on the fly’. Benefits will include increasing certainty on product quality and maximising throughput and recovery. Outcomes will include new tools to rapidly model geological and geometallurgical uncertainty with sensor inputs, to track the resource to product and enhance interpretation.Read moreRead less
Equipping Australian teachers today to face AI tomorrow. Applications of Artificial Intelligence (AI) are set to transform society, including how people work and learn. Yet there is very little research about what Australian teachers need to know in order to prepare students to thrive in an AI-rich society and workforce. This study aims to construct a foundational understanding for teaching with and about AI. It will also show how to develop effective networks to empower teachers as active chang ....Equipping Australian teachers today to face AI tomorrow. Applications of Artificial Intelligence (AI) are set to transform society, including how people work and learn. Yet there is very little research about what Australian teachers need to know in order to prepare students to thrive in an AI-rich society and workforce. This study aims to construct a foundational understanding for teaching with and about AI. It will also show how to develop effective networks to empower teachers as active change agents. The expected outcomes will equip teachers with the knowledge and resources to lead the development of Australia’s future AI capability, including through enhanced classroom practices and more creative teacher networks.Read moreRead less