Market Model of Implied Volatility. The outcomes of the project will constitute a new methodology with a wide range of tools to handle the market uncertainties with practical applications in the finance industry. Consequently, the benefits of this project to the nation include enhancing its scientific standing in the international community, the training of Australian researchers in forefront methods of modelling of complex stochastic systems and the benefits resulting from its commercially rele ....Market Model of Implied Volatility. The outcomes of the project will constitute a new methodology with a wide range of tools to handle the market uncertainties with practical applications in the finance industry. Consequently, the benefits of this project to the nation include enhancing its scientific standing in the international community, the training of Australian researchers in forefront methods of modelling of complex stochastic systems and the benefits resulting from its commercially relevant elements. Read moreRead less
WAVELET-BASED MODELLING AND MODEL PREDICTIVE CONTROL OF COMPLEX MULTIDIMENSIONAL CRYSTALLISATION PROCESSES. The results of this project will directly contribute to a better understanding of crystallisation which is an important unit operation to achieve high purity separations. Many Australian industries for example, mineral processing, sugar processing, pharmaceuticals, etc will benefit from the results in order to enhance optimal operation and control to ensure globally competitive production ....WAVELET-BASED MODELLING AND MODEL PREDICTIVE CONTROL OF COMPLEX MULTIDIMENSIONAL CRYSTALLISATION PROCESSES. The results of this project will directly contribute to a better understanding of crystallisation which is an important unit operation to achieve high purity separations. Many Australian industries for example, mineral processing, sugar processing, pharmaceuticals, etc will benefit from the results in order to enhance optimal operation and control to ensure globally competitive production which is on time, minimize wastes and raw materials and inventories. The leading edge results will increase the contributions of these industries to the Australian economy and our global competitiveness necessary to maintain our culture and the beauty of our environment. Read moreRead less
Complexity Measures Of Design Spaces As Basis For Mass Customisation Of Novel Designs. This project aims to develop, implement and test a means to determine the potential of any arbitrary design generator to produce a diversity of designs and to utilise that means to control the mass customisation of novel designs. Globalisation of markets has produced the need to be able to mass customise designs that are not simple variants of existing designs. Any improvement in Australia's capacity to provid ....Complexity Measures Of Design Spaces As Basis For Mass Customisation Of Novel Designs. This project aims to develop, implement and test a means to determine the potential of any arbitrary design generator to produce a diversity of designs and to utilise that means to control the mass customisation of novel designs. Globalisation of markets has produced the need to be able to mass customise designs that are not simple variants of existing designs. Any improvement in Australia's capacity to provide this service will improve both its internal efficiency and increase its competitiveness in the increasing international marketplace for designing through the production of the basis for a new class of designing tools.Read moreRead less
Curious Places: Agent-Mediated Self-Aware Worlds. This project develops and demonstrates a model of curious places: physical and digital environments that adapt their behaviour based on their experiences. This means that we can implement new kinds of places, rooms, public spaces, that respond to human activity and new technology by creating their own goals and behaviours. This is a benefit to Australia by expanding its capability in home automation and leading developments in novel human-comput ....Curious Places: Agent-Mediated Self-Aware Worlds. This project develops and demonstrates a model of curious places: physical and digital environments that adapt their behaviour based on their experiences. This means that we can implement new kinds of places, rooms, public spaces, that respond to human activity and new technology by creating their own goals and behaviours. This is a benefit to Australia by expanding its capability in home automation and leading developments in novel human-computer interfaces. This benefit can provide economic gain to Australia through the development of frontier technologies.Read moreRead less
Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of ....Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of the performance of global diversified investment funds; and c) prediction to provide early warning of the emergence of destabilising deflation or inflation. These three applications will lead to improved risk management practices and investment performance. Recursive algorithms will provide new statistical methods to study investment asset price movements and market volatility.
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Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in th ....Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in the service industries. It is not well recognised that in developed countries, including Australia, the financial service and related sectors account for more than 60 percent of economic activity and employment, so it is critical that more sophisticated statistical methods be established, and practical applications conducted, in order to advance the understanding of complexity management in the financial service and related sectors.Read moreRead less
Ethics and Formal Theories of Decision. The benefits of this project will include improved methods for making ethically-informed decisions in various practical situations. Among the more important applications are legal decisions and conservation management. The theory developed in this project will also help shed light on both the statistical and ethical issues raised in much-debated areas such as racial profiling. The project will also serve to enhance Australia's reputation in technical philo ....Ethics and Formal Theories of Decision. The benefits of this project will include improved methods for making ethically-informed decisions in various practical situations. Among the more important applications are legal decisions and conservation management. The theory developed in this project will also help shed light on both the statistical and ethical issues raised in much-debated areas such as racial profiling. The project will also serve to enhance Australia's reputation in technical philosophy and decision theory.Read moreRead less
Nonsmooth Optimization in Constrained Spline Interpolation. Traditional methods based on standard calculus may not work for optimization problems with constraints; however, such problems can be reformulated as nonsmooth problems that need special treatment. The project aims to approach several important problems in constrained spline interpolation and approximation, from the perspective of nonsmooth optimization. The research, which builds upon a recent breakthrough in the approach to the convex ....Nonsmooth Optimization in Constrained Spline Interpolation. Traditional methods based on standard calculus may not work for optimization problems with constraints; however, such problems can be reformulated as nonsmooth problems that need special treatment. The project aims to approach several important problems in constrained spline interpolation and approximation, from the perspective of nonsmooth optimization. The research, which builds upon a recent breakthrough in the approach to the convex best interpolation by the applicant and his collaborators, is expected to provide fundamental theory for Newton-type methods being used for these problems with a vast number of applications in data fitting and curve and surface design.Read moreRead less
ARC Centre for Complex Systems. The Australian Centre for Complex Systems brings together leading researchers from several disciplines and institutions to conduct research on questions fundamental to understanding and managing complex systems. Its core research program, based on the theme of computation in and by networks of agents, has two interwoven strands. The science strand addresses questions about emergent properties, natural computation, and nonlinear dynamics. The engineering strand add ....ARC Centre for Complex Systems. The Australian Centre for Complex Systems brings together leading researchers from several disciplines and institutions to conduct research on questions fundamental to understanding and managing complex systems. Its core research program, based on the theme of computation in and by networks of agents, has two interwoven strands. The science strand addresses questions about emergent properties, natural computation, and nonlinear dynamics. The engineering strand addresses issues about methodology, modelling toolkits, and management and control. Practical applications are advanced via collaborative projects that address key issues in biology, environment, and socio-economics.Read moreRead less
Analysing Instabilities in Complex Combustion Models for Different Geometrical Configurations. Anyone who has gazed into a fire will appreciate the complexity of combustion. To date only the simplest of models have been comprehensively analysed. This project, which aims to analyse more complex combustion models, will address some of the fundamental issues of combustion theory. Results from this project will lead to a better understanding of combustion processes, with the potential to prevent exp ....Analysing Instabilities in Complex Combustion Models for Different Geometrical Configurations. Anyone who has gazed into a fire will appreciate the complexity of combustion. To date only the simplest of models have been comprehensively analysed. This project, which aims to analyse more complex combustion models, will address some of the fundamental issues of combustion theory. Results from this project will lead to a better understanding of combustion processes, with the potential to prevent explosions in reactors and storage tanks. Other potential applications range from bushfires to the manufacture of exotic materials. Furthermore, the novel mathematical techniques developed in this project can be easily adapted to other types of systems such as those used in biology (eg. epidemiology and tumour growth), economics, physics etc. Read moreRead less