An intelligent maintenance decision system for the water utility industry. The reliability and maintenance of pump stations is of paramount importance to the water utility industries. In Australia, the maintenance of assets for the water and wastewater industry amounts to $927m per annum. This research will develop an intelligent maintenance decision support system to reduce maintenance costs in pumping stations with increased reliability. The outcomes of the research will significantly improve ....An intelligent maintenance decision system for the water utility industry. The reliability and maintenance of pump stations is of paramount importance to the water utility industries. In Australia, the maintenance of assets for the water and wastewater industry amounts to $927m per annum. This research will develop an intelligent maintenance decision support system to reduce maintenance costs in pumping stations with increased reliability. The outcomes of the research will significantly improve the reliability and supply security of water systems to Queensland's rural and regional communities and industries. It will also advance the body of knowledge of the field of integrated asset management and enhance Australia's international standing in this field.Read moreRead less
Nonlinear Econometric Modelling: A Complex Systems Perspective. It is becoming increasingly accepted that economic systems are both complex and adaptive. However, this introduces a range of problems in constructing, estimating and testing economic models using time series data. In this project, this problem will be addressed through the formulation and implementation of a new methodology and associated techniques. These techniques will allow a researcher to use information obtained from a set o ....Nonlinear Econometric Modelling: A Complex Systems Perspective. It is becoming increasingly accepted that economic systems are both complex and adaptive. However, this introduces a range of problems in constructing, estimating and testing economic models using time series data. In this project, this problem will be addressed through the formulation and implementation of a new methodology and associated techniques. These techniques will allow a researcher to use information obtained from a set of nonlinearity tests to determine which type of nonlinear model provides the best representation of a data generating mechanism. Selected high frequency financial and macroeconomic data (for the US and Australia) will be used in the study. This research is intended to change the direction and emphasis of econometric modelling and promises to have a fundamental impact on forecasting and policy evaluation methods.
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Choice experiments to improve predictive power for policy makers. In the current economic climate, Australian governments will benefit from superior choice experiments which will lead to improved prediction of the potential public benefit of proposed policy changes. The choice experiments developed here will have a substantial effect on the development of strategies for the promotion and maintenance of a strong health care system as well as being relevant to the maintenance of a sustainable envi ....Choice experiments to improve predictive power for policy makers. In the current economic climate, Australian governments will benefit from superior choice experiments which will lead to improved prediction of the potential public benefit of proposed policy changes. The choice experiments developed here will have a substantial effect on the development of strategies for the promotion and maintenance of a strong health care system as well as being relevant to the maintenance of a sustainable environment, both designated National Research Priority areas. The innovative research proposed will tap into and build strong links with international research networks, advancing Australia's research reputation and providing a rich environment for the training of research graduates.Read moreRead less
Developing Contemporary Driving Risk Assessment Tools to Improve Fleet Safety. The development of effective driving risk management tools will provide valuable insight into methods to reduce a significant community and national problem, as work-related road crashes cost Australia $15 billion a year. Importantly, the project has the potential to benefit both urban and rural areas of Queensland and Australia, as road crashes are a national problem. The research study also has the potential to cr ....Developing Contemporary Driving Risk Assessment Tools to Improve Fleet Safety. The development of effective driving risk management tools will provide valuable insight into methods to reduce a significant community and national problem, as work-related road crashes cost Australia $15 billion a year. Importantly, the project has the potential to benefit both urban and rural areas of Queensland and Australia, as road crashes are a national problem. The research study also has the potential to create business cost savings from reductions in productivity loss and medical expenses, as well as flow through to the general population in terms of better (a) fleet management, and (b) driver attitudes and behaviour.Read moreRead less