Discovery Projects - Grant ID: DP180101602

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP180101602

Funding Status
Active

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Funded Activity Summary

Time consistency, risk-mitigation and partially observable systems. This project aims to find optimal decision rules that mitigate risk in a time consistent manner for partially observable systems. Many problems in conservation management and engineering systems are dependent on random environments and entail risk of failure. The challenge of consistently minimising such a risk while achieving satisfactory and sustainable resource consumption is considerable. This project aims to develop analytical and numerical methods for optimal control in such scenarios. These methods will have application to fishery management, communication networks, power systems and social resource allocation scenarios.

Funded Activity Details

Start Date: 01-04-2018

End Date: 30-09-2023

Funding Scheme: Discovery Projects

Funding Amount: $386,828.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Operations Research | Stochastic Analysis and Modelling | Statistics |

ANZSRC Socio-Economic Objective (SEO)

Logistics | Fisheries - Aquaculture not elsewhere classified | Sustainability Indicators

Other Keywords

Fisheries - Aquaculture not elsewhere classified | Logistics | Operations Research | Statistics | Stochastic Analysis and Modelling | Sustainability Indicators

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