How do macroeconomic fluctuations affect the educational choices of young Australians? The 1990-1991 recession, recent evidence, and econometric issues. The educational choices of young people are crucial for any nation's future. The project's empirical findings will inform public policy, particularly in the areas of education and training and youth unemployment. The research will help policy makers target people who need extra support in tough times and help determine the demand for different k ....How do macroeconomic fluctuations affect the educational choices of young Australians? The 1990-1991 recession, recent evidence, and econometric issues. The educational choices of young people are crucial for any nation's future. The project's empirical findings will inform public policy, particularly in the areas of education and training and youth unemployment. The research will help policy makers target people who need extra support in tough times and help determine the demand for different kinds of education. The findings have implications for future policies aimed at reducing inequality. The project's methodological contributions will lead to better and more reliable research in economics and other fields such as biology and engineering. The findings will be suitable for the top economics journals and contribute to Australia's standing in the academic community.Read moreRead less
Bayesian choice modelling. Discrete choice models are important as they provide tools to help understand choice processes of decision makers. It remains a challenge to specify models with covariance structures flexible enough to capture complex patterns of cross-substitution between choices while being able to capture heterogeneity present in individual behaviour. We will develop a Bayesian approach to choice modelling that uses covariance selection to overcome these problems. This will train re ....Bayesian choice modelling. Discrete choice models are important as they provide tools to help understand choice processes of decision makers. It remains a challenge to specify models with covariance structures flexible enough to capture complex patterns of cross-substitution between choices while being able to capture heterogeneity present in individual behaviour. We will develop a Bayesian approach to choice modelling that uses covariance selection to overcome these problems. This will train researchers and raise the profile of Australia in an active research area that is important in the social sciences; substantive applications will be in health economics, but developments will also be relevant to cognate areas of biostatistics, epidemiology, and ecology.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
New models and valuation methods for portfolio credit derivatives. Portfolio credit derivatives provide a mechanism to simultaneously transfer credit exposures to a large number of counterparties within a single transaction. However, no generally accepted valuation model for such credit portfolios is currently available. This project aims to develop new mathematically-based technologies to allow institutions such as Westpac (the Industry Partner) to optimally manage their credit exposures. The o ....New models and valuation methods for portfolio credit derivatives. Portfolio credit derivatives provide a mechanism to simultaneously transfer credit exposures to a large number of counterparties within a single transaction. However, no generally accepted valuation model for such credit portfolios is currently available. This project aims to develop new mathematically-based technologies to allow institutions such as Westpac (the Industry Partner) to optimally manage their credit exposures. The outcome will be a class of superior models and operational risk management tools that will ensure the value and risks of these transactions are properly understood and accurately quantified. These models will enhance both the knowledge base of the industry and academic scholarship.
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Linkage Infrastructure, Equipment And Facilities - Grant ID: LE0347727
Funder
Australian Research Council
Funding Amount
$400,000.00
Summary
Computational infrastructure for high-throughput genome bioinformatics. We propose a high-performance computing and web facility for genome bioinformatics. It will provide a common software development environment in support of molecular biosciences, systems biology and complex systems modelling at the Institute for Molecular Bioscience at University of Queensland, and at Queensland University of Technology. The platform will support Australia's first genome-scale bioinformatics research website ....Computational infrastructure for high-throughput genome bioinformatics. We propose a high-performance computing and web facility for genome bioinformatics. It will provide a common software development environment in support of molecular biosciences, systems biology and complex systems modelling at the Institute for Molecular Bioscience at University of Queensland, and at Queensland University of Technology. The platform will support Australia's first genome-scale bioinformatics research website, with unique software and mirrors of the IBM Biological Pattern Discovery, UC San Diego MEME/MetaMEME/MAST, and NGI comparative genomics websites. Australian/NZ researchers will access the facility at no cost for high-throughput use of unique software, website mirrors and other important tools for genome bioinformatics.Read moreRead less
Security Applications of Combinatorial Puzzles. This project provides a basis for improving the implementation and maintenance of key management systems. The application of discrete mathematics to information security will help safeguard Australia, will provide opportunities for Australians to take a leading role in an important area and will develop a research network, bridging both theoretical and practical aspects of mathematics and computer science. The project will enhance Australia's inter ....Security Applications of Combinatorial Puzzles. This project provides a basis for improving the implementation and maintenance of key management systems. The application of discrete mathematics to information security will help safeguard Australia, will provide opportunities for Australians to take a leading role in an important area and will develop a research network, bridging both theoretical and practical aspects of mathematics and computer science. The project will enhance Australia's international reputation by establishing collaborations with well-respected international mathematicians and computer scientists. The proposal contains topics suitable for the training of new graduates, allowing them to make high quality original research contributions in a novel and important area. Read moreRead less
Timed Commitment Schemes to Smooth Internet Bottlenecks, Defend against Denial of Service Attacks, and Bypass Some Legal Problems of Enccryption. Bottlenecks on the Internet and Denial of Service attacks on a server are both caused by excessive demands made on a system. This proposal is to reduce the ill-effects of either by building on our previous theoretical work on strongboxes of combinatorial designs. In the case of bottlenecks, the demands are legitimate but badly timed, and our approach ....Timed Commitment Schemes to Smooth Internet Bottlenecks, Defend against Denial of Service Attacks, and Bypass Some Legal Problems of Enccryption. Bottlenecks on the Internet and Denial of Service attacks on a server are both caused by excessive demands made on a system. This proposal is to reduce the ill-effects of either by building on our previous theoretical work on strongboxes of combinatorial designs. In the case of bottlenecks, the demands are legitimate but badly timed, and our approach will redistribute the demands more evenly. In the case of Denial of Service attacks, the demands are malicious, and our approach will respond in such a way as to deplete the resources of the attacker.Read moreRead less
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
Yield strength and plastic flow of heterogeneous materials: Designing optimal composites and porous materials. A major goal of materials science is to design materials with improved functionality at lower weight, cost and size. It is important to guide this expensive and time-consuming process with sophisticated computer modelling. In this project we aim to model how and why composite and porous materials fail when they are placed under stress. Our results will make materials design more efficie ....Yield strength and plastic flow of heterogeneous materials: Designing optimal composites and porous materials. A major goal of materials science is to design materials with improved functionality at lower weight, cost and size. It is important to guide this expensive and time-consuming process with sophisticated computer modelling. In this project we aim to model how and why composite and porous materials fail when they are placed under stress. Our results will make materials design more efficient by providing a valuable experimental interpretive tool and a theoretical map for material optimization. Our models will also provide crucial information needed for modelling the behavior of composites in applications.Read moreRead less
Efficient Operation of Bioreactors using Nonlinear Dynamical Systems Theory. Current methods of determining optimal operating conditions in bioreactors have recently been shown to be inefficient, resulting in serious omissions of crucial parameter regions. We will use mathematical techniques from dynamical systems theory to establish a general framework by which bioreactor systems can be efficiently and systematically investigated to improve reactor performance. By communicating these results at ....Efficient Operation of Bioreactors using Nonlinear Dynamical Systems Theory. Current methods of determining optimal operating conditions in bioreactors have recently been shown to be inefficient, resulting in serious omissions of crucial parameter regions. We will use mathematical techniques from dynamical systems theory to establish a general framework by which bioreactor systems can be efficiently and systematically investigated to improve reactor performance. By communicating these results at relevant fora, we will increase the awareness within the Australian and international engineering communities of the advantages of modern mathematical techniques. Although this proposal focuses on bioreactors, the techniques can be easily adapted to improve the performances of other chemical processes.
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