Discovery Projects - Grant ID: DP0881011

Funding Activity

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Funded Activity Summary

Modelling with stochastic differential equations. We will develop methodology for modelling and analysis of phenomena subjected to random and uncertain influences, such as behaviour of investors in the market, evolution of economy, values of stocks and ant colonies. This methodology will enable scientists to achieve more accurate description and analysis of their models and provide better understanding of these phenomena. Creating the tools for understanding such complex systems will have far reaching benefits both nationally and internationally and will allow Australia to strengthen its position in international research. The project will also provide for postgraduate training and international scientific exchange.

Funded Activity Details

Start Date: 01-06-2008

End Date: 31-12-2012

Funding Scheme: Discovery Projects

Funding Amount: $235,000.00

Funder: Australian Research Council