The Management of Asymmetric Risk in a Modern Investment Portfolio. Due to compulsory superannuation legislation, the future lifestyle of all Australians is dependent upon the successful management of investment funds. A large component of funds management is risk management. This project will generate practical management tools to enable portfolio managers to significantly enhance their risk-management strategies. A direct link between risk management and performance drives funds managers to ....The Management of Asymmetric Risk in a Modern Investment Portfolio. Due to compulsory superannuation legislation, the future lifestyle of all Australians is dependent upon the successful management of investment funds. A large component of funds management is risk management. This project will generate practical management tools to enable portfolio managers to significantly enhance their risk-management strategies. A direct link between risk management and performance drives funds managers to carefully manage their risk exposure. Any developments that reduce the risk of a portfolio will ultimately enhance portfolio returns. Higher returns on superannuation investments will result in an improved future standard of living for all Australians.Read moreRead less
Development of a High Integrity Airborne Navigation Sensor for Aviation Communities using Terrestrial Based Infrastructure. The widespread adoption of GPS for aviation, which will allow safer and cheaper air-travel, is hindered by the lack of integrity (truth) information in the system. This research will develop new methodologies, based on low-cost MEMS sensors, to improve the integrity availability of the GPS when augmented with the Ground-based Regional GPS Augmentation System (GRAS). These m ....Development of a High Integrity Airborne Navigation Sensor for Aviation Communities using Terrestrial Based Infrastructure. The widespread adoption of GPS for aviation, which will allow safer and cheaper air-travel, is hindered by the lack of integrity (truth) information in the system. This research will develop new methodologies, based on low-cost MEMS sensors, to improve the integrity availability of the GPS when augmented with the Ground-based Regional GPS Augmentation System (GRAS). These methodologies will be used in the development of next generation airborne navigation sensors. The work builds on the world-leading position that Airservices Australia has made in the development of the GRAS, the navigation expertise of GPSat Systems and the GPS expertise of the QUT.Read moreRead less
Safety in the Heavy Vehicle Industry: A Collaborative Response. The management and regulation of heavy vehicles, particularly in relation to safety, is recognised as an urgent issue at all levels of government across Australia. In the absence of research that identifies the key determinants of heavy vehicle crashes, countermeasures will continue to be based on anecdote. The proposed study will determine the role key risk factors, namely scheduling and sleep-related factors, play in heavy vehicl ....Safety in the Heavy Vehicle Industry: A Collaborative Response. The management and regulation of heavy vehicles, particularly in relation to safety, is recognised as an urgent issue at all levels of government across Australia. In the absence of research that identifies the key determinants of heavy vehicle crashes, countermeasures will continue to be based on anecdote. The proposed study will determine the role key risk factors, namely scheduling and sleep-related factors, play in heavy vehicle crashes and will identify cost-effective strategies to reduce the growing economic burden associated with these crashes.Read moreRead less
Understanding impact of autonomous vehicles on behaviour and interactions. Understanding impact of autonomous vehicles on behaviour and interactions. This project aims to explore three human factor issues critical to the successful deployment of automated vehicles: factors influencing driver choice of automated vehicle control; interactions between automated and manually controlled vehicles; and driver detection, recognition, and reaction to automated vehicle system failures. Automated vehicles ....Understanding impact of autonomous vehicles on behaviour and interactions. Understanding impact of autonomous vehicles on behaviour and interactions. This project aims to explore three human factor issues critical to the successful deployment of automated vehicles: factors influencing driver choice of automated vehicle control; interactions between automated and manually controlled vehicles; and driver detection, recognition, and reaction to automated vehicle system failures. Automated vehicles are predicted to be transformative, but their ultimate success and expected societal benefits will depend on drivers’ trust in them and on how people choose to use and interact with them. Insights from this research should prepare our society for more automated vehicles on the roadways.Read moreRead less
Best Fit Interventions in Fleet Safety. Work related vehicle crashes account for 20% of workplace fatalities and 13% of the national road toll. Industry often, unsuccessfully, initiates single intervention strategies to address all fleet related road safety issues. However, road safety research suggests that approaches need to be multi-dimensional. CARRS-Q (a leading centre in road safety research) in conjunction with Telstra (who operate Australia's largest national vehicle fleet) intend t ....Best Fit Interventions in Fleet Safety. Work related vehicle crashes account for 20% of workplace fatalities and 13% of the national road toll. Industry often, unsuccessfully, initiates single intervention strategies to address all fleet related road safety issues. However, road safety research suggests that approaches need to be multi-dimensional. CARRS-Q (a leading centre in road safety research) in conjunction with Telstra (who operate Australia's largest national vehicle fleet) intend to develop a multi-dimensional approach to improving fleet safety and establish the true industry costs of fleet related crashes. This research will enable industry to reduce work place death and injury resulting in socio/economic advantage to Australia. Read moreRead less
Unifying Traffic Modelling and Safety Management for Safer and Faster Roads. This project aims to balance road safety and efficiency as conflicting goals of transport systems mixed with connected and automated vehicles (CAVs). This project is expected to generate fundamental knowledge on operational algorithms and analytics for CAVs and develop innovative tools for operating them. Expected outcomes include ground-breaking models capable of the co-estimation of efficiency and safety impacts of CA ....Unifying Traffic Modelling and Safety Management for Safer and Faster Roads. This project aims to balance road safety and efficiency as conflicting goals of transport systems mixed with connected and automated vehicles (CAVs). This project is expected to generate fundamental knowledge on operational algorithms and analytics for CAVs and develop innovative tools for operating them. Expected outcomes include ground-breaking models capable of the co-estimation of efficiency and safety impacts of CAVs, and control strategies to safely and efficiently integrate CAVs into existing transport systems. This should provide significant safety and efficiency benefits that currently cost about 1160 lives and 1.25 billion hours of congestion per year, and make Australia better prepared for the connected and automated vehicle era.Read moreRead less
Predictive Analytics and Real-time Traffic Control for Urban Corridors. This project aims to develop predictive data analytics and real-time traffic control and safety models for multimodal management of urban corridors, serving two salient objectives: (1) optimising person-throughput of multimodal traffic; while (2) minimising safety risks for all modes. The outcome will be an automated, sensor-based platform to monitor traffic flows from all modes and make proactive and coordinated control dec ....Predictive Analytics and Real-time Traffic Control for Urban Corridors. This project aims to develop predictive data analytics and real-time traffic control and safety models for multimodal management of urban corridors, serving two salient objectives: (1) optimising person-throughput of multimodal traffic; while (2) minimising safety risks for all modes. The outcome will be an automated, sensor-based platform to monitor traffic flows from all modes and make proactive and coordinated control decisions in real-time. The expected benefits are profound; the developed algorithms and platform will significantly reduce traffic congestion, travel delays and safety risks for all modes of transport, especially for vulnerable road users (e.g. pedestrians and cyclists).Read moreRead less
Work related road safety countermeasures in a large fleet (QFleet). Despite accounting for more than 20% of the road crashes, relatively little research has been conducted on fleet safety in Australia. This research will develop guidelines for current best practice and design, implement and evaluate several new countermeasures. More importantly, it will develop a comprehensive model for future design, implementation and evaluation of fleet safety that will extend the frontier of knowledge in cra ....Work related road safety countermeasures in a large fleet (QFleet). Despite accounting for more than 20% of the road crashes, relatively little research has been conducted on fleet safety in Australia. This research will develop guidelines for current best practice and design, implement and evaluate several new countermeasures. More importantly, it will develop a comprehensive model for future design, implementation and evaluation of fleet safety that will extend the frontier of knowledge in crash analysis and prevention. By working closely with QFleet, current fleet safety thinking will be advanced to reduce the frequency and severity of road crashes thereby reducing road trauma and increasing business effectiveness.Read moreRead less
DEVELOPING SCIENTIFIC BASIS FOR THE RAPID DETECTION SYSTEM OF DIESEL VEHICLES WITH HIGH LEVEL OF EXHAUST EMISSIONS. Diesel vehicle exhaust is a significant source of air pollution leading to major human health problems. However, only a small fraction of vehicles with high exhaust emissions cause the majority of this pollution. Initially, this research will develop a model of dispersion of pollutants into the environment immediately after emission. This model will be the scientific foundation for ....DEVELOPING SCIENTIFIC BASIS FOR THE RAPID DETECTION SYSTEM OF DIESEL VEHICLES WITH HIGH LEVEL OF EXHAUST EMISSIONS. Diesel vehicle exhaust is a significant source of air pollution leading to major human health problems. However, only a small fraction of vehicles with high exhaust emissions cause the majority of this pollution. Initially, this research will develop a model of dispersion of pollutants into the environment immediately after emission. This model will be the scientific foundation for the development of an efficient and economical rapid detection system for those vehicles with high exhaust emissions. The major outcome is to improve air quality and lower the occurrence/severity of airborne pollution induced health effects.Read moreRead less
Heavy vehicle peaks in the pattern of night-time road traffic noise: Human health and management of urban freight movement. The Australian road freight industry is a significant economic activity and is growing at an unprecedented rate. Also growing is community reaction to the health effects of truck noise, to the extent that it is recognised as a major constraint to future transport operations, particularly night-time movements in metropolitan areas and in rural towns. This research will benef ....Heavy vehicle peaks in the pattern of night-time road traffic noise: Human health and management of urban freight movement. The Australian road freight industry is a significant economic activity and is growing at an unprecedented rate. Also growing is community reaction to the health effects of truck noise, to the extent that it is recognised as a major constraint to future transport operations, particularly night-time movements in metropolitan areas and in rural towns. This research will benefit the community as well as transportation and environmental authorities at all levels of government that are grappling with the challenge of managing constraints to the growth of this important industry but at the same time protecting human health and well-being.Read moreRead less