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
Discovery Early Career Researcher Award - Grant ID: DE210101344
Funder
Australian Research Council
Funding Amount
$364,981.00
Summary
Advancing genomic-driven infectious diseases modelling. Emerging infectious diseases and antimicrobial resistance are among the greatest threats to Australian health and agriculture, and current surveillance tools may fail to detect and mitigate infectious disease outbreaks in real time. This project will develop advanced phylodynamic methods (i.e., mathematical models of infectious disease transmission and pathogen evolution) to enable real-time surveillance of infectious disease outbreaks as t ....Advancing genomic-driven infectious diseases modelling. Emerging infectious diseases and antimicrobial resistance are among the greatest threats to Australian health and agriculture, and current surveillance tools may fail to detect and mitigate infectious disease outbreaks in real time. This project will develop advanced phylodynamic methods (i.e., mathematical models of infectious disease transmission and pathogen evolution) to enable real-time surveillance of infectious disease outbreaks as they emerge and monitor levels of drug resistance.Read moreRead less
Cooperative control of networked systems with constraints. This project aims to address the challenge of networked systems in deploying teams of robotic agents. Control of the networked system is extremely difficult due to real world constraints imposed on each agent. This project will focus on motion constraints, equipment/capability constraints, and spatial constraints. In addition to theoretical advances, the wider scientific community will benefit directly, because the control algorithms dev ....Cooperative control of networked systems with constraints. This project aims to address the challenge of networked systems in deploying teams of robotic agents. Control of the networked system is extremely difficult due to real world constraints imposed on each agent. This project will focus on motion constraints, equipment/capability constraints, and spatial constraints. In addition to theoretical advances, the wider scientific community will benefit directly, because the control algorithms developed are expected to allow straightforward deployment of robotic teams. There are myriad applications for cooperative robotic agents, ranging from surveillance, to environmental monitoring using underwater and aerial drone formations – with an array of benefits and impacts including economic, commercial and societal. The results are intended to ensure and cement Australia’s front-line position in the current technological revolution known as “Industry 4.0”.Read moreRead less
Real-time scheduling of trains to control peak electricity demand. This project aims to develop new scheduling and control methods that will enable railways to reduce their demand for electricity during peak demand periods, without undue disruption to the timetable.
These new methods and systems will integrate with—and expand the capabilities of—an Australian train control system that is used by railways around the world. This will enable better management of electricity within a region and be ....Real-time scheduling of trains to control peak electricity demand. This project aims to develop new scheduling and control methods that will enable railways to reduce their demand for electricity during peak demand periods, without undue disruption to the timetable.
These new methods and systems will integrate with—and expand the capabilities of—an Australian train control system that is used by railways around the world. This will enable better management of electricity within a region and better use of renewable energy sources, with significant cost savings for railways and the wider community.Read moreRead less
Regularisation methods of inverse problems: theory and computation. This project aims to investigate regularisation methods for inverse problems which are ill-posed in the sense that their solutions depend discontinuously on the data. When only noisy data is available, regularisation methods define stable approximate solutions by replacing the original inverse problem with a family of well-posed neighbouring problems monitored by a so-called regularisation parameter. The project expects to devel ....Regularisation methods of inverse problems: theory and computation. This project aims to investigate regularisation methods for inverse problems which are ill-posed in the sense that their solutions depend discontinuously on the data. When only noisy data is available, regularisation methods define stable approximate solutions by replacing the original inverse problem with a family of well-posed neighbouring problems monitored by a so-called regularisation parameter. The project expects to develop purely data-driven rules to choose the regularisation parameter and show how they work in theory, and in practice. It will also develop convex framework, acceleration strategies as well as preconditioning and splitting ideas to design efficient regularisation solvers.Read moreRead less
Design of Real-time Optimisation Methods with Guaranteed Performance. The project aim is the development of a framework for the advancement of optimisation algorithms operating in real-time applications. This project expects to generate new knowledge in the area of systems theory and optimisation, and its application to time-varying problems. Expected outcomes of this project should lead to a new theoretical and practical framework that aims to ameliorate the shortcomings of the existing approac ....Design of Real-time Optimisation Methods with Guaranteed Performance. The project aim is the development of a framework for the advancement of optimisation algorithms operating in real-time applications. This project expects to generate new knowledge in the area of systems theory and optimisation, and its application to time-varying problems. Expected outcomes of this project should lead to a new theoretical and practical framework that aims to ameliorate the shortcomings of the existing approaches that struggle to rapidly respond to new information. This should provide significant benefits. Specifically, this project aims to facilitate a technological leap that generates smaller, faster, and more powerful embedded systems such as broadband services, mobile phones, medical imagining, radar and avionics.Read moreRead less
Digitally networked dynamical systems: Performance and robustness analysis. The project aim is to advance mathematical and computational tools for analyzing collections of dynamical systems that interact with each other by the digital exchange of information. The significance of this aim stems from the emergence and growing complexity and scale of such cyber-physical networks in diverse domains, including agriculture, manufacturing, transport, and infrastructure management. The expected outcomes ....Digitally networked dynamical systems: Performance and robustness analysis. The project aim is to advance mathematical and computational tools for analyzing collections of dynamical systems that interact with each other by the digital exchange of information. The significance of this aim stems from the emergence and growing complexity and scale of such cyber-physical networks in diverse domains, including agriculture, manufacturing, transport, and infrastructure management. The expected outcomes will broaden the scope for exploring achievable performance in the design and deployment of systems that leverage networked interaction for operational gains. Beyond the technical advances, benefits will include sustaining Australia's strong reputation in systems engineering research and researcher training in this area.Read moreRead less
Uncertainty in the social cost of carbon dioxide: control theoretic methods. This project aims to redevelop the most commonly used social cost of carbon dioxide (SC-CO2) modeling framework using the best available scientific data and state-of-the-art uncertainty quantification techniques, providing government and industry decision-makers with a robust tool to tackle a carbon-constrained future. This project will deliver improved, robust estimates of the SC-CO2, a proxy for a price on carbon emis ....Uncertainty in the social cost of carbon dioxide: control theoretic methods. This project aims to redevelop the most commonly used social cost of carbon dioxide (SC-CO2) modeling framework using the best available scientific data and state-of-the-art uncertainty quantification techniques, providing government and industry decision-makers with a robust tool to tackle a carbon-constrained future. This project will deliver improved, robust estimates of the SC-CO2, a proxy for a price on carbon emissions that is used by governments, businesses, and financial bodies. This will enable Australia to play a leading and proactive role in the international pursuit of significant and sustained reductions in greenhouse gas emissions.Read moreRead less
Multiscale models in immuno-epidemiology. The spread of a pathogen (for example, a virus or bacteria) through a population is a multi-scale phenomena, influenced by factors acting at both the population and within-host scales. At the population scale, transmission is influenced by how infectious an infected host is. Infectiousness in turn depends on the balance between pathogen replication within the host and immune/drug control mechanisms. This project aims to develop new mathematical framework ....Multiscale models in immuno-epidemiology. The spread of a pathogen (for example, a virus or bacteria) through a population is a multi-scale phenomena, influenced by factors acting at both the population and within-host scales. At the population scale, transmission is influenced by how infectious an infected host is. Infectiousness in turn depends on the balance between pathogen replication within the host and immune/drug control mechanisms. This project aims to develop new mathematical frameworks for simultaneously modelling these two scales. This will provide a platform for the rigorous study of complex biological interactions - such as the emergence and combat of drug-resistance - that shape society's ability to control infectious diseases in human, animal and plant systems.Read moreRead less
Optimisation of piezoelectric metamaterials: Towards robotic stress sensors. This project aims to design new piezoelectric material microstructures that can enhance the measurement of complex local stress states within robotic limbs. The project expects to generate new knowledge of the achievable properties of multi-poled piezoelectric materials and develop computational tools for the analysis and structural optimisation of such materials. The designed microstructures may revolutionise piezoelec ....Optimisation of piezoelectric metamaterials: Towards robotic stress sensors. This project aims to design new piezoelectric material microstructures that can enhance the measurement of complex local stress states within robotic limbs. The project expects to generate new knowledge of the achievable properties of multi-poled piezoelectric materials and develop computational tools for the analysis and structural optimisation of such materials. The designed microstructures may revolutionise piezoelectric sensor technology. Expected outcomes include manufactured proof-of-concept sensors that enable measurement of local stress fields. This should provide significant benefits, such as improved future robot capability and reliability, and research training for next-generation Australian computational mathematicians. Read moreRead less