Economic Operability Assessment of Leaching Process at Kwinana Nickel Refinery. Process operability is concerned with systematic analysis and improvement of process performance in the face of variable operating conditions. This project will develop a rigorous methodology for analysis of process operability with respect to short-term and transient disturbances. The proposed technique will be applied to the Kwinana Nickel Refinery Leach section, in order to reduce the plant variability and increas ....Economic Operability Assessment of Leaching Process at Kwinana Nickel Refinery. Process operability is concerned with systematic analysis and improvement of process performance in the face of variable operating conditions. This project will develop a rigorous methodology for analysis of process operability with respect to short-term and transient disturbances. The proposed technique will be applied to the Kwinana Nickel Refinery Leach section, in order to reduce the plant variability and increase nickel throughput and plant availability. This can be considered as significant move by a process industry to embrace advanced theoretical developments and will act as a benchmark to promote future links between Australian industry and academia.Read moreRead less
Extraction of gold from thiosulfate leach liquors using selective magnetic ion exchange (MIEX) resins. Cyanide processes used for gold leaching can cause severe environmental problems. This proposal studies the use of thiosulfate as an alternative, concentrating on the design and synthesis of new functionalised magnetic ion-exchange resins, which will act as selective adsorbents for the gold thiosulfate complex and thereby facilitate the implementation of this efficient, low environmental impact ....Extraction of gold from thiosulfate leach liquors using selective magnetic ion exchange (MIEX) resins. Cyanide processes used for gold leaching can cause severe environmental problems. This proposal studies the use of thiosulfate as an alternative, concentrating on the design and synthesis of new functionalised magnetic ion-exchange resins, which will act as selective adsorbents for the gold thiosulfate complex and thereby facilitate the implementation of this efficient, low environmental impact process. Since the leaching is typically applied to ores rich in copper, resins for the recovery of copper will also be designed. Laboratory proving trials will be conducted and successful candidates will be considered for future commercialisation of a Resin-in-Pulp leaching and recovery process.Read moreRead less
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
A multiscale-multifunctional approach to advanced diagnosis and operator performance in complex process systems. Major process system failures and subsequent poor diagnosis continues to produce significant company disruption, environmental damage, injury and possible loss of life. The benefits of this work will be reduced impacts and risks. This work will provide a new integrated approach with structured tools and diagnostic designs for process industries. It should have direct impacts on compan ....A multiscale-multifunctional approach to advanced diagnosis and operator performance in complex process systems. Major process system failures and subsequent poor diagnosis continues to produce significant company disruption, environmental damage, injury and possible loss of life. The benefits of this work will be reduced impacts and risks. This work will provide a new integrated approach with structured tools and diagnostic designs for process industries. It should have direct impacts on company performance through improved diagnosis, more timely response and hence reduced likelihood of major accidents. It will help to improve overall risk management practice in the process industries with less impact on people, property and environment, thus improving operational performance. Local communities will be direct beneficiaries of these reduced risks.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 SMART FIRE RISK ADVISORY SYSTEM USING FIRE MODELLING AND KNOWLEDGE-BASED SYSTEMS TECHNOLOGIES. This project aims to develop a prototype fire risk advisory system for fire prevention and protection. Intelligent knowledge-based systems technologies will be tailored to provide a standardised approach for fire risk analysis by using collective expertise of fire engineers and fire modelling. This project will lead to a significant advancement to the development of intelligent systems tec ....DEVELOPING A SMART FIRE RISK ADVISORY SYSTEM USING FIRE MODELLING AND KNOWLEDGE-BASED SYSTEMS TECHNOLOGIES. This project aims to develop a prototype fire risk advisory system for fire prevention and protection. Intelligent knowledge-based systems technologies will be tailored to provide a standardised approach for fire risk analysis by using collective expertise of fire engineers and fire modelling. This project will lead to a significant advancement to the development of intelligent systems techniques for industrial applications and provide a better fire risk analysis tool for fire protection and preventions with the benefit of reduced risk for buildings.
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