Improving the wool product. Using mathematical modelling to improve the efficiency of wool scouring. Our aim is to improve the quality of scoured wool by improving the efficiency of wool scouring. Wool scouring is the process of washing greasy wool once it has been removed from the sheep's back. After being rinsed to remove sweat and salt the wool is passed through a scour bowl consisting of settling tanks from which dirty water is periodically expelled. Mathematical modelling will optimise us ....Improving the wool product. Using mathematical modelling to improve the efficiency of wool scouring. Our aim is to improve the quality of scoured wool by improving the efficiency of wool scouring. Wool scouring is the process of washing greasy wool once it has been removed from the sheep's back. After being rinsed to remove sweat and salt the wool is passed through a scour bowl consisting of settling tanks from which dirty water is periodically expelled. Mathematical modelling will optimise use of the scour bowl, reduce consumption of water, increase the recovery of wool grease and improve the quality and cleanliness of the wool.Read moreRead less
Western Australia severe weather prediction: optimising forecasts using new data sources and improved high-resolution models. WA suffers unusually high exposure to severe tropical and extra-tropical weather, from its size and geographical location. This project will develop enhanced data assimilation and modelling techniques, using emerging high-resolution satellite and other data to improve the timeliness, accuracy and reliability of weather forecasts for WA. Outcomes include: improved forecas ....Western Australia severe weather prediction: optimising forecasts using new data sources and improved high-resolution models. WA suffers unusually high exposure to severe tropical and extra-tropical weather, from its size and geographical location. This project will develop enhanced data assimilation and modelling techniques, using emerging high-resolution satellite and other data to improve the timeliness, accuracy and reliability of weather forecasts for WA. Outcomes include: improved forecast systems for predicting severe weather affecting WA (and consequently Australia), and ensemble forecast systems that provide valuable probabilistic information, such as confidence limits in the forecasts. Better forecasts issued earlier for severe weather events will allow appropriate planning and management measures, thereby reducing their present high social and economic cost.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
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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What is the spatial and environmental distribution of phylogenetic diversity in the Australian biota? Almost nothing is known about the geographic distribution of phylogenetic relationships across Australia at fine resolutions of the order of tens of kilometres. The aim of this research is to map the spatial patterns of phylogenetic diversity in the Australian biota and identify possible environmental controls over them. We will analyse five disparate groups at a spatial resolution that is ord ....What is the spatial and environmental distribution of phylogenetic diversity in the Australian biota? Almost nothing is known about the geographic distribution of phylogenetic relationships across Australia at fine resolutions of the order of tens of kilometres. The aim of this research is to map the spatial patterns of phylogenetic diversity in the Australian biota and identify possible environmental controls over them. We will analyse five disparate groups at a spatial resolution that is orders of magnitude finer than previous research, analysing their relationship with possible environmental controls using advanced spatial analysis methods. The knowledge we will generate about the spatial distribution of these relationships is essential to understand and conserve Australia's unique biodiversity.Read moreRead less
Innovative mathematical modelling to determine incorporation of gene therapy in different cell lineages; Human Immunodeficiency Virus (HIV) as a model setting. Gene therapy is a promising therapeutic that is being developed to address genetic diseases and viral infections such as Human Immunodeficiency Virus (HIV). This project will produce mathematical models of how gene therapy delivered to one type of cell can differentiate into the desired end target and impact disease.
Developing Sophisticated e-Business Automation. This project will provide theoretical foundations and a practical platform for developing advanced e-business automation technology. As such, it will significantly enhance Australia's leading role in the cutting edge research on e-business automation. By applying the new methodology and technology, Australian IT industries will be able to develop highly efficient e-market application systems, which will be financially beneficial to most organizatio ....Developing Sophisticated e-Business Automation. This project will provide theoretical foundations and a practical platform for developing advanced e-business automation technology. As such, it will significantly enhance Australia's leading role in the cutting edge research on e-business automation. By applying the new methodology and technology, Australian IT industries will be able to develop highly efficient e-market application systems, which will be financially beneficial to most organizations as Australia business and institutions are moving towards a more electronically oriented future. With a strong research team and collaborative research training environment, this project will further promote Australia's international reputation as a leader in Computing and IT research.Read moreRead less
Using Mathematics to Maximize the Efficiency of Shared Infrastructure in Australia's Coal Export Supply Chain. Port Waratah Coal Services operates the world's largest coal export terminal, servicing about 14 coal mining companies in the Hunter Valley, NSW. It is responsible for around $15 billion in annual export income for Australia. The coal supply chain is a complex operation, hampered by bottlenecks in critical shared infrastructure. Such limitations are estimated to cost Australia about $2 ....Using Mathematics to Maximize the Efficiency of Shared Infrastructure in Australia's Coal Export Supply Chain. Port Waratah Coal Services operates the world's largest coal export terminal, servicing about 14 coal mining companies in the Hunter Valley, NSW. It is responsible for around $15 billion in annual export income for Australia. The coal supply chain is a complex operation, hampered by bottlenecks in critical shared infrastructure. Such limitations are estimated to cost Australia about $2 billion pa in lost sales. This project will support the design of new infrastructure and processes to ensure an efficient supply chain. The new science resulting will benefit other coal operations in Australia, and potentially other bulk goods supply chains.Read moreRead less
Seasonal adjustment using disaggregated short time span data. Seasonally adjusted economic and social times series are vital information used by governments and businesses in decision making. This project will develop statistical methods to estimate and remove seasonal factors from economic and social time series using finely disaggregated data for a relatively small number of time periods. This will enable better and quicker estimation of seasonal factors when new series are introduced or there ....Seasonal adjustment using disaggregated short time span data. Seasonally adjusted economic and social times series are vital information used by governments and businesses in decision making. This project will develop statistical methods to estimate and remove seasonal factors from economic and social time series using finely disaggregated data for a relatively small number of time periods. This will enable better and quicker estimation of seasonal factors when new series are introduced or there a major changes to existing series, improving the analysis of such series and the decisions based on them.Read moreRead less