Robust Optimal Asset Liability Management via Stochastic Control Theory. The Australian federal and state governments are strongly exposed to the Australian and international investment markets, either directly or through entities such as the Future Fund, state-owned insurers and superannuation schemes. Additionally, the investment pool represented by individual Australian's superannuation savings managed by non-government organisations is significant. Robust and effective management of these ....Robust Optimal Asset Liability Management via Stochastic Control Theory. The Australian federal and state governments are strongly exposed to the Australian and international investment markets, either directly or through entities such as the Future Fund, state-owned insurers and superannuation schemes. Additionally, the investment pool represented by individual Australian's superannuation savings managed by non-government organisations is significant. Robust and effective management of these assets in order to meet future liabilities of these funds are essential to a stable Australian economy. This research has the potential to be a key component of reliable investment management, helping make Australia an important investment hub.Read moreRead less
Improved Management of Australian Port Infrastructure by Development of Predictive Ageing Simulation. Exposure of built infrastructure to corrosive marine conditions causes deterioration and reduced service life. Asset managers lack predictive models of in-service durability. Using data gathered from Australian ports, life-cycle predictions will be developed, simulating durability and incorporating geographical location, structure type, composition, and levels of maintenance. The modelling has ....Improved Management of Australian Port Infrastructure by Development of Predictive Ageing Simulation. Exposure of built infrastructure to corrosive marine conditions causes deterioration and reduced service life. Asset managers lack predictive models of in-service durability. Using data gathered from Australian ports, life-cycle predictions will be developed, simulating durability and incorporating geographical location, structure type, composition, and levels of maintenance. The modelling has not been undertaken on Australian port assets, whereas international models reflect very different infrastructure and exposures and are based on simpler 2D conditions that do not simulate actual deterioration. The three-dimensional (3D) modelling and graphics will be unique worldwide, providing decision support for construction and maintenance.Read moreRead less
Understanding cycles in mineral commodity price, a market model with uncertainty. Mining accounts for more than 8% of Australia's GDP, and almost 50% of Australia's total merchandise exports. Understanding phenomenological mechanisms for price fluctuations and using our dynamic price model can help determine better timing of investments in mining infrastructure. This knowledge will help Australia benefit from the upside of commodity 'cycles', super or not. The market model that will be develope ....Understanding cycles in mineral commodity price, a market model with uncertainty. Mining accounts for more than 8% of Australia's GDP, and almost 50% of Australia's total merchandise exports. Understanding phenomenological mechanisms for price fluctuations and using our dynamic price model can help determine better timing of investments in mining infrastructure. This knowledge will help Australia benefit from the upside of commodity 'cycles', super or not. The market model that will be developed in this project can be used to assist in better planning for commodity cycle upside, improving the overall efficiency of capital utilisation in the long term.Read moreRead less