Discovery Projects - Grant ID: DP160102819

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP160102819

Funding Status
Closed

Does something not look right? The information on this page has been harvested from data sources that may not be up to date. We continue to work with information providers to improve coverage and quality. To report an issue, use the .

Funded Activity Summary

Risk and Reliability in Stochastic Optimisation and Equilibrium. This project seeks to develop theory and methodology in optimisation which take advantage of recent progress in understanding and treating risk in decision making. Problems of optimisation in the face of uncertainty must confront the risk inherent in having to make reliable decisions before knowing the outcomes of crucial random variables on which costs and constraints may depend. Recent theoretical developments, featuring ‘measures of risk’ beyond just-expected values and quantiles offer hope of major new advances. This project aims to achieve such advances not only in optimisation but also in models of equilibrium that likewise have to deal with uncertainty. Extending current theory and methodology to such multi-stage stochastic models is a challenge. Besides taking up this challenge for its own sake, a major goal of this research will be to use the results in solution algorithms.

Funded Activity Details

Start Date: 01-01-2016

End Date: 31-08-2019

Funding Scheme: Discovery Projects

Funding Amount: $396,765.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Applied Mathematics | Operations Research | Financial Economics |

ANZSRC Socio-Economic Objective (SEO)

Expanding Knowledge in the Mathematical Sciences

Other Keywords

Applied Mathematics | Expanding Knowledge in the Mathematical Sciences | Financial Economics | Operations Research

Related Links