Advanced matrix-analytic methods with applications. Over the last twenty-five years, matrix-analytic methods have proved to be very successful in formulating and analysing certain classes of stochastic models. Motivated by applications, this project will investigate more advanced matrix-analytic methods than have hitherto been studied.
Sustainable fiscal federalism and reform of the GST distribution system. The primary source of funds for Australian States and Territories is GST revenue distributed by the Commonwealth using an equalisation formula that has proved to be politically unsustainable and in recent times manifestly inadequate to provide the revenue needed in response to crises and natural disasters. A tipping point has been reached and reform is urgently needed. Drawing on international experience with GST distributi ....Sustainable fiscal federalism and reform of the GST distribution system. The primary source of funds for Australian States and Territories is GST revenue distributed by the Commonwealth using an equalisation formula that has proved to be politically unsustainable and in recent times manifestly inadequate to provide the revenue needed in response to crises and natural disasters. A tipping point has been reached and reform is urgently needed. Drawing on international experience with GST distributions specifically and fiscal federalism more generally, the project aims to develop a reform blueprint for a sustainable and equitable fiscal federalism regime in Australia that best aligns with Australia’s current and long-term fiscal needs.Read moreRead less
Using data mining methods to remove uncertainties in sensor data streams. This project will develop key techniques for removing uncertainties in sensor data streams and thus improve the monitoring quality of sensor networks. The expected outcomes will benefit Australia by enabling improved, lower-cost monitoring of natural resources and management of stock raising.
A more intelligent knowledge-based system apprentice. Our previous techniques already had an impact on Australian industry, with five Australian companies marketing such technology, and for three of these it is a central technology. We expect an early uptake of the enhancements we propose by these companies, greatly increasing their international competitiveness against other rule technologies. Three of these companies are very recent, so we would expect other company uptake of the new enhance ....A more intelligent knowledge-based system apprentice. Our previous techniques already had an impact on Australian industry, with five Australian companies marketing such technology, and for three of these it is a central technology. We expect an early uptake of the enhancements we propose by these companies, greatly increasing their international competitiveness against other rule technologies. Three of these companies are very recent, so we would expect other company uptake of the new enhanced technology. In turn Australian companies using the technology will improve their competitiveness in an increasingly knowledge-based economy by being able to more rapidly and easily deploy knowledge-based systems. Our previous techniques have already had a significant impact in medical practice.Read moreRead less
Managing infectious disease through partial wildlife social networks. This project aims to investigate the dynamics of the spread of infectious disease in wildlife, derived from incomplete information about contact networks. Infectious diseases in wildlife are difficult to track and control, because it is not feasible to monitor each individual in a population and know the contact network for a population. The project will create ways to best utilise incomplete observational data of contact netw ....Managing infectious disease through partial wildlife social networks. This project aims to investigate the dynamics of the spread of infectious disease in wildlife, derived from incomplete information about contact networks. Infectious diseases in wildlife are difficult to track and control, because it is not feasible to monitor each individual in a population and know the contact network for a population. The project will create ways to best utilise incomplete observational data of contact networks to develop robust predictions of disease spread and population fate, and to reliably predict the outcomes of management interventions. These robust prediction methods will provide better insights for conservation of Australian wildlife.Read moreRead less
Change Detection in Causal Relationships and Measurement of Systemic Risk. Empirical measures of interconnectedness between financial institutions based on tests of Granger causality are currently used in detecting systemic risk. However, researchers need to define periods of calm and stress exogenously in order to implement these tests appropriately. This project aims to develop a new procedure to identify changes in causal relationships and the timing of these changes. The new approach has the ....Change Detection in Causal Relationships and Measurement of Systemic Risk. Empirical measures of interconnectedness between financial institutions based on tests of Granger causality are currently used in detecting systemic risk. However, researchers need to define periods of calm and stress exogenously in order to implement these tests appropriately. This project aims to develop a new procedure to identify changes in causal relationships and the timing of these changes. The new approach has the potential to be a significant improvement in the real-time identification of emerging turmoil in financial markets and provide an improved method for the detection of systemic risk. The new test procedure will be implemented using data for financial and non-financial institutions across Europe, the US and Australia.Read moreRead less
How do Changes in Institutional Memory Affect Public Policy Processes? . This project will analyse how changes in institutional memory inside government impact on the effectiveness of public policy processes. Institutional memory changes as ministers, public servants and public agencies come and go, but we don’t know what effect these changes have over the quality of public policy. This project will therefore analyse how changes to institutional memory have influenced public services and polici ....How do Changes in Institutional Memory Affect Public Policy Processes? . This project will analyse how changes in institutional memory inside government impact on the effectiveness of public policy processes. Institutional memory changes as ministers, public servants and public agencies come and go, but we don’t know what effect these changes have over the quality of public policy. This project will therefore analyse how changes to institutional memory have influenced public services and policies in Australia and the UK. Expected outcomes include best practice recommendations for government - about how to address memory loss to improve public policy - and novel academic findings about how institutional memory influences the character of public service delivery, lesson-learning and long-term reform.Read moreRead less
Optimising Control of Hydroelectric Turbines Subject to Basslink Instability. With the introduction of Basslink, an underwater DC power cable across the Bass Strait, Tasmania will be connected to the national Electricity Market. Basslink will also provide an opportunity to utilise the significant water energy potential found throughout Tasmania. This project will examine the impact and disturbances due to the connection of Basslink with Tasmanian hydro power systems and develop control strategi ....Optimising Control of Hydroelectric Turbines Subject to Basslink Instability. With the introduction of Basslink, an underwater DC power cable across the Bass Strait, Tasmania will be connected to the national Electricity Market. Basslink will also provide an opportunity to utilise the significant water energy potential found throughout Tasmania. This project will examine the impact and disturbances due to the connection of Basslink with Tasmanian hydro power systems and develop control strategies for effective operation and control of hydro turbines with Basslink. Particular attention will be paid to the quality and reliability of electricity supply in Tasmania.Read moreRead less
Viscous Effects in Free-Surface Flows. Australia has a proud record of achievement in the field of free-surface fluid mechanics. This project will build and extend these research achievements. It will provide new information about how fluid layers overturn and mix, which is an important process in oceanography. It will examine the sloshing behaviour of fluid in moving storage tanks, which is important in fuel transport and building design. The project will develop new mathematical methods fo ....Viscous Effects in Free-Surface Flows. Australia has a proud record of achievement in the field of free-surface fluid mechanics. This project will build and extend these research achievements. It will provide new information about how fluid layers overturn and mix, which is an important process in oceanography. It will examine the sloshing behaviour of fluid in moving storage tanks, which is important in fuel transport and building design. The project will develop new mathematical methods for solving these problems accurately, and will contribute to the next generation of research mathematicians in Australia. Read moreRead less
Detecting financial contagion using high frequency data. Financial crises spread extraordinarily quickly. However, existing tools for measuring this spread use relatively low frequency data. This project develops tools for measuring and detecting periods of stress and the effects of financial contagion in financial markets, using high frequency data based on recorded transaction prices.