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
Nonsmooth Optimization in Constrained Spline Interpolation. Traditional methods based on standard calculus may not work for optimization problems with constraints; however, such problems can be reformulated as nonsmooth problems that need special treatment. The project aims to approach several important problems in constrained spline interpolation and approximation, from the perspective of nonsmooth optimization. The research, which builds upon a recent breakthrough in the approach to the convex ....Nonsmooth Optimization in Constrained Spline Interpolation. Traditional methods based on standard calculus may not work for optimization problems with constraints; however, such problems can be reformulated as nonsmooth problems that need special treatment. The project aims to approach several important problems in constrained spline interpolation and approximation, from the perspective of nonsmooth optimization. The research, which builds upon a recent breakthrough in the approach to the convex best interpolation by the applicant and his collaborators, is expected to provide fundamental theory for Newton-type methods being used for these problems with a vast number of applications in data fitting and curve and surface design.Read moreRead less
Science, Litigation and the Public Accountability of Vertically Integrated Expertise. The impetus for this research derives from concerns with tort law reform; the loss of public trust in science and legal process when expertise is perceived to be biased; the opportunity cost of inappropriate regulation from misunderstood expertise in litigation; and issues of social justice when regulators and courts disregard plaintiffs' legitimate claims because of a refusal to consider various forms of exper ....Science, Litigation and the Public Accountability of Vertically Integrated Expertise. The impetus for this research derives from concerns with tort law reform; the loss of public trust in science and legal process when expertise is perceived to be biased; the opportunity cost of inappropriate regulation from misunderstood expertise in litigation; and issues of social justice when regulators and courts disregard plaintiffs' legitimate claims because of a refusal to consider various forms of expertise. By offering a conceptually fresh look at science/law relations, the project will enrich public understanding of the management of controversial scientific issues by the legal system, and assist in the clearer framing of law reform and science policy.Read moreRead less
Ethics and Formal Theories of Decision. The benefits of this project will include improved methods for making ethically-informed decisions in various practical situations. Among the more important applications are legal decisions and conservation management. The theory developed in this project will also help shed light on both the statistical and ethical issues raised in much-debated areas such as racial profiling. The project will also serve to enhance Australia's reputation in technical philo ....Ethics and Formal Theories of Decision. The benefits of this project will include improved methods for making ethically-informed decisions in various practical situations. Among the more important applications are legal decisions and conservation management. The theory developed in this project will also help shed light on both the statistical and ethical issues raised in much-debated areas such as racial profiling. The project will also serve to enhance Australia's reputation in technical philosophy and decision theory.Read moreRead less
Market Model of Implied Volatility. The outcomes of the project will constitute a new methodology with a wide range of tools to handle the market uncertainties with practical applications in the finance industry. Consequently, the benefits of this project to the nation include enhancing its scientific standing in the international community, the training of Australian researchers in forefront methods of modelling of complex stochastic systems and the benefits resulting from its commercially rele ....Market Model of Implied Volatility. The outcomes of the project will constitute a new methodology with a wide range of tools to handle the market uncertainties with practical applications in the finance industry. Consequently, the benefits of this project to the nation include enhancing its scientific standing in the international community, the training of Australian researchers in forefront methods of modelling of complex stochastic systems and the benefits resulting from its commercially relevant elements. Read moreRead less
Testing the Australian Megatsunami Hypothesis. More than 300000 lives and property worth more than $150bn on the NSW coast are vulnerable to large tsunamis but at present we do not have a clear idea about how often such tsunamis occur and how big they might be. This project will identify and date evidence for past tsunamis on the coasts of NSW and west New Zealand which will help us understand regional tsunami risk. This will provide knowledge that will guide tsunami risk management practice in ....Testing the Australian Megatsunami Hypothesis. More than 300000 lives and property worth more than $150bn on the NSW coast are vulnerable to large tsunamis but at present we do not have a clear idea about how often such tsunamis occur and how big they might be. This project will identify and date evidence for past tsunamis on the coasts of NSW and west New Zealand which will help us understand regional tsunami risk. This will provide knowledge that will guide tsunami risk management practice in vulnerable areas of NSW and help underpin the developing Australian Tsunami Warning System. Read moreRead less
Advanced computational techniques for micro/nano multiscale systems of NEMS/BioMEMS. The outcome of this project will have the following benefits to Australia.
1) It will improve the research level in the area of multiscale simulation of NEMS/BioMEMS;
2) The project will be beneficial to possibly establish new industries in the areas of nanotechnology as well as to make good use of today's microelectronics, mircofabrication and computer technology that have already established in Australia;
....Advanced computational techniques for micro/nano multiscale systems of NEMS/BioMEMS. The outcome of this project will have the following benefits to Australia.
1) It will improve the research level in the area of multiscale simulation of NEMS/BioMEMS;
2) The project will be beneficial to possibly establish new industries in the areas of nanotechnology as well as to make good use of today's microelectronics, mircofabrication and computer technology that have already established in Australia;
3) The manpower trained by this project in the areas of multi-scale simulation of MEMS/NEMS/BioMEMS will provide a crucial support for the future industry of Australia.
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Risk Measures and Management in Finance and Actuarial Science Under Regime-Switching Models. New models for assessing and managing risk of financial products will place Australia at the forefront of risk management. The work will also sustain the competitive edge of Australia as one of the major financial centres in the Asia-Pacific region through enhancing both the theory and practice of financial risk management. The project outcome will also benefit to the country in other areas of risk, for ....Risk Measures and Management in Finance and Actuarial Science Under Regime-Switching Models. New models for assessing and managing risk of financial products will place Australia at the forefront of risk management. The work will also sustain the competitive edge of Australia as one of the major financial centres in the Asia-Pacific region through enhancing both the theory and practice of financial risk management. The project outcome will also benefit to the country in other areas of risk, for example, environment risk, climate change, and energy and security problems.Read moreRead less
Polar Cap Region Boundary Dynamics. Geomagnetic storms have the potential to severely impair critical technology infrastructure. Consequences of strong geomagnetic activity can include power failures, pipeline corrosion, satellite failures, inaccurate GPS positioning and radio navigation. Knowledge of how, where and under which conditions this activity occurs is therefore crucial. The primary aim of this project is to extend our knowledge of the mechanisms by which this activity occurs. This wor ....Polar Cap Region Boundary Dynamics. Geomagnetic storms have the potential to severely impair critical technology infrastructure. Consequences of strong geomagnetic activity can include power failures, pipeline corrosion, satellite failures, inaccurate GPS positioning and radio navigation. Knowledge of how, where and under which conditions this activity occurs is therefore crucial. The primary aim of this project is to extend our knowledge of the mechanisms by which this activity occurs. This work will consolidate Australia's international space profile and provide excellent training in this field, helping Australia's future technology development.Read moreRead less