Liquidity in financial markets. This project aims to develop a theory which models the effect of liquidity on option prices under different market conditions. Economic or financial crises are inevitable and affect economics. During or after a major financial crisis, market liquidity usually becomes risky and needs to be studied. Through both empirical and theoretical explorations, this project will quantify and measure liquidity risk and its effect on the options markets. It will develop a frame ....Liquidity in financial markets. This project aims to develop a theory which models the effect of liquidity on option prices under different market conditions. Economic or financial crises are inevitable and affect economics. During or after a major financial crisis, market liquidity usually becomes risky and needs to be studied. Through both empirical and theoretical explorations, this project will quantify and measure liquidity risk and its effect on the options markets. It will develop a framework to help market regulators manage illiquidity, enhance the efficiency of option trading in illiquid markets and help in the detection of market manipulation.Read moreRead less
Decomposition and Duality: New Approaches to Integer and Stochastic Integer Programming. Because of their rich modelling capabilities, integer programs are widely used in industry for decision making and planning. However their solution algorithms do not have the maturity of their cousins in convex optimisation, where the theory of strong duality is ubiquitous. Efficient methods for convex optimisation under uncertainty do not apply to the integer case, which is highly non-convex. Furthermore, i ....Decomposition and Duality: New Approaches to Integer and Stochastic Integer Programming. Because of their rich modelling capabilities, integer programs are widely used in industry for decision making and planning. However their solution algorithms do not have the maturity of their cousins in convex optimisation, where the theory of strong duality is ubiquitous. Efficient methods for convex optimisation under uncertainty do not apply to the integer case, which is highly non-convex. Furthermore, integer models usually assume the data is known with certainty, which is often not the case in the real world. This project will develop new theory and algorithms to enhance the analysis of integer models, including those that incorporating uncertainty, while also enabling the use of parallel computing paradigms. Read moreRead less
International comparisons of retirement decisions and well-being of mature age populations: applied micro-economic analyses. Australia needs a pension reform to promote longer working lives of mature people in a health- and productivity-enhancing way, that is also financially sustainable. This study uses cutting-edge methodology and data to analyse decisions surrounding how mature people disengage from employment towards their eventual permanent retirement, and how these decisions relate to thei ....International comparisons of retirement decisions and well-being of mature age populations: applied micro-economic analyses. Australia needs a pension reform to promote longer working lives of mature people in a health- and productivity-enhancing way, that is also financially sustainable. This study uses cutting-edge methodology and data to analyse decisions surrounding how mature people disengage from employment towards their eventual permanent retirement, and how these decisions relate to their health and well-being. It compares and contrasts Australia with the UK, Germany and the US to derive lessons for developing evidence-based pension reform. International comparative research enables the identification of important policy, institutional and/or cultural differences and lessons that may well be missed by single country studies.Read moreRead less
Special Research Initiatives - Grant ID: SR0354466
Funder
Australian Research Council
Funding Amount
$20,000.00
Summary
Mathematics in Contemporary Science. The Mathematics in Contemporary Science Research Network brings contemporary methods of non-linear analysis and differential equations, geometric reasoning and relevant algebraic and topological ideas to enrich six application areas in modern science: Complex Systems, Computer Vision, Optimal Transportation, Nanotechnology, Physics and Shortest Networks. MiCS will develop both the mathematics and the application areas in parallel. It will focus on postgradu ....Mathematics in Contemporary Science. The Mathematics in Contemporary Science Research Network brings contemporary methods of non-linear analysis and differential equations, geometric reasoning and relevant algebraic and topological ideas to enrich six application areas in modern science: Complex Systems, Computer Vision, Optimal Transportation, Nanotechnology, Physics and Shortest Networks. MiCS will develop both the mathematics and the application areas in parallel. It will focus on postgraduate training through workshops, summer schools and web based resources and build long-term international collaborations with EU networks and NSERC, NSF and EPSRC institutes as well as bringing together academic and industry leaders.Read moreRead less
Classification methods for providing personalised and class decisions. This project provides a novel approach to the clustering of multivariate samples on entities in a class that automatically matches the sample clusters across the entities, allowing for inter-sample variation between the samples in a class. The project aims to develop a widely applicable, mixture-model-based framework for the simultaneous clustering of multivariate samples with inter-sample variation in a class and for the mat ....Classification methods for providing personalised and class decisions. This project provides a novel approach to the clustering of multivariate samples on entities in a class that automatically matches the sample clusters across the entities, allowing for inter-sample variation between the samples in a class. The project aims to develop a widely applicable, mixture-model-based framework for the simultaneous clustering of multivariate samples with inter-sample variation in a class and for the matching of the clusters across the entities in the class. The project will use a statistical approach to automatically match the clusters, since the overall mixture model provides a template for the class. It will provide a basis for discriminating between different classes in addition to the identification of atypical data points within a sample and of anomalous samples within a class. Key applications include biological image analysis and the analysis of data in flow cytometry which is one of the fundamental research tools for the life scientist.Read moreRead less
Special Research Initiatives - Grant ID: SR0354716
Funder
Australian Research Council
Funding Amount
$10,000.00
Summary
Energetically Open Systems Research Network Study. Conceptual frameworks arising in the physical sciences, such as non-equilibrium statistical mechanics and thermodynamics, synergetics, chaos and dynamical systems theory, are seminal in the emerging science of complexity. This study will lay the groundwork for a network to link Australian and overseas research on these fundamental concepts, and their application within the context of entropy-producing systems vital to the long-term sustainabilit ....Energetically Open Systems Research Network Study. Conceptual frameworks arising in the physical sciences, such as non-equilibrium statistical mechanics and thermodynamics, synergetics, chaos and dynamical systems theory, are seminal in the emerging science of complexity. This study will lay the groundwork for a network to link Australian and overseas research on these fundamental concepts, and their application within the context of entropy-producing systems vital to the long-term sustainability of the earth - oceans, atmosphere, biosphere, CO2-free energy production, space and solar environment. The network would facilitate the development of young investigators and be linked into wider complex systems networks such as the CSIRO Centre for Complex Systems Science.Read moreRead less
Visual tracking of multiple objects: A stochastic geometrical approach. Reliable real-time visual multiple-object tracking techniques will open up new applications that enhance the quality of life such as driving safety, traffic monitoring, home security, security and surveillance of public facilities. These new applications have huge commercial potentials, and the technology developed from this project will provide the catalyst for vibrant new industries to grow. In addition, the expertise deve ....Visual tracking of multiple objects: A stochastic geometrical approach. Reliable real-time visual multiple-object tracking techniques will open up new applications that enhance the quality of life such as driving safety, traffic monitoring, home security, security and surveillance of public facilities. These new applications have huge commercial potentials, and the technology developed from this project will provide the catalyst for vibrant new industries to grow. In addition, the expertise developed from the project will provide a competitive edge for Australian industries in aerospace, oceanography, robotics, remote sensing, and biomedical engineering. Read moreRead less
Egalitarian Responses to Climate Change. The project will offer significant insights into the effects of climate change and adaptation policy on the disadvantaged at a time when there is significant policy change in this area. The project will develop a philosophical framework for assessing whether current and proposed carbon trading schemes are just. In addition, the project will also consider the important political issue of whether democratic participation in the formation of climate policy i ....Egalitarian Responses to Climate Change. The project will offer significant insights into the effects of climate change and adaptation policy on the disadvantaged at a time when there is significant policy change in this area. The project will develop a philosophical framework for assessing whether current and proposed carbon trading schemes are just. In addition, the project will also consider the important political issue of whether democratic participation in the formation of climate policy is required and in what ways. Read moreRead less
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 ....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. Read moreRead less
Understanding, measuring and managing the benefits of urban waterways. This project aims to improve understanding of the contribution of urban waterways to enhanced liveability in cities. Australia needs better water resource management and the rapid growth of Australia’s cities places increased importance on managing natural assets in metropolitan areas. The project focuses on clarifying the link between the benefits of waterways and the measurement techniques used by economists, which in turn ....Understanding, measuring and managing the benefits of urban waterways. This project aims to improve understanding of the contribution of urban waterways to enhanced liveability in cities. Australia needs better water resource management and the rapid growth of Australia’s cities places increased importance on managing natural assets in metropolitan areas. The project focuses on clarifying the link between the benefits of waterways and the measurement techniques used by economists, which in turn inform management choices. The project aims to fill an important gap between the psychology and economics disciplines and outputs should significantly improve the way waterways are valued and managed. This is intended to offer benefits for urban residents and to improve the methodologies used for environmental valuation.Read moreRead less