Discovery Projects - Grant ID: DP0664423

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP0664423

Funding Status
Closed

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Funded Activity Summary

Construction of utility functions from observations of consumer behaviour with application to resource modelling and water management strategies. The optimisation techniques developed will be on the forefront of applied mathematical sciences and will increase the prestige of the Australian mathematical community. The expected results will also be of value because they can be used to improve the CGE modelling technique. The implementation of the CGE model of one of Victoria's agricultural regions will be used to improve the accuracy of regional economic models and will contribute to efficient regional resource management. This has the potential to positively affect the economic growth and employment in the region. The expected outcomes of the project are especially important taking into account the need for predicting the socio-economic consequences of the 1994 COAG water reforms.

Funded Activity Details

Start Date: 01-01-2006

End Date: 31-01-2010

Funding Scheme: Discovery Projects

Funding Amount: $90,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Numerical and Computational Mathematics | Optimisation | Mathematical Economics | Approximation Theory

ANZSRC Socio-Economic Objective (SEO)

Macroeconomic issues not elsewhere classified | Land and water management | Mathematical sciences |

Other Keywords

Approximation Theory | Land and water management | Macroeconomic issues not elsewhere classified | Mathematical Economics | Mathematical sciences | Numerical and Computational Mathematics | Optimisation

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