Two-price quantitative finance. This project aims to establish a novel field, namely two-price quantitative finance, and explore its applications. The new field will integrate two major schools for modelling and explain the presence of two prices, the buying and selling prices, widely observed in the real-world markets, and the equilibrium approach from the fundamental law of one price. The outcomes would deepen our understanding of the fundamental relationship among liquidity, prices, risk and ....Two-price quantitative finance. This project aims to establish a novel field, namely two-price quantitative finance, and explore its applications. The new field will integrate two major schools for modelling and explain the presence of two prices, the buying and selling prices, widely observed in the real-world markets, and the equilibrium approach from the fundamental law of one price. The outcomes would deepen our understanding of the fundamental relationship among liquidity, prices, risk and the economy. This project expects to bring about long-term impact on quantitative finance and related applications through providing a deep understanding of, and a new perspective for, the design, risk and fairness of the finance, property and insurance markets.Read moreRead less
Uncertainty in the social cost of carbon dioxide: control theoretic methods. This project aims to redevelop the most commonly used social cost of carbon dioxide (SC-CO2) modeling framework using the best available scientific data and state-of-the-art uncertainty quantification techniques, providing government and industry decision-makers with a robust tool to tackle a carbon-constrained future. This project will deliver improved, robust estimates of the SC-CO2, a proxy for a price on carbon emis ....Uncertainty in the social cost of carbon dioxide: control theoretic methods. This project aims to redevelop the most commonly used social cost of carbon dioxide (SC-CO2) modeling framework using the best available scientific data and state-of-the-art uncertainty quantification techniques, providing government and industry decision-makers with a robust tool to tackle a carbon-constrained future. This project will deliver improved, robust estimates of the SC-CO2, a proxy for a price on carbon emissions that is used by governments, businesses, and financial bodies. This will enable Australia to play a leading and proactive role in the international pursuit of significant and sustained reductions in greenhouse gas emissions.Read moreRead less
New mathematics for multi-extremal optimization and diffusion tensor imaging. This project aims to establish numerically certifiable mathematical theory and methods for semi-algebraic optimisation problems. Numerically certifiable optimisation principles and techniques are vital for the practical use of optimisation technologies because they can be readily implemented by common computer models and algorithms. Yet no such methodologies exist for multi-extremal, semi-algebraic optimisation problem ....New mathematics for multi-extremal optimization and diffusion tensor imaging. This project aims to establish numerically certifiable mathematical theory and methods for semi-algebraic optimisation problems. Numerically certifiable optimisation principles and techniques are vital for the practical use of optimisation technologies because they can be readily implemented by common computer models and algorithms. Yet no such methodologies exist for multi-extremal, semi-algebraic optimisation problems which are common in modern science and medicine. The expected outcomes of this project include enhanced optimisation methods for diffusion tensor imaging, an emerging technology in brain sciences.Read moreRead less
Microcantilevers for multifrequency atomic force microscopy. This project aims to design a microcantilever with high-performing sensors more sensitive and with better noise performance than the typical optical system used in commercial Atomic Force Microscopes (AFMs). The AFM, a nanotechnology instrument, uses a microcantilever (with an extremely shape probe) to interrogate a sample surface. It has made important discoveries in nanotechnology, life sciences, nanomachining, material science and d ....Microcantilevers for multifrequency atomic force microscopy. This project aims to design a microcantilever with high-performing sensors more sensitive and with better noise performance than the typical optical system used in commercial Atomic Force Microscopes (AFMs). The AFM, a nanotechnology instrument, uses a microcantilever (with an extremely shape probe) to interrogate a sample surface. It has made important discoveries in nanotechnology, life sciences, nanomachining, material science and data storage systems. Despite its success, the technique’s spatial resolution and quantitative measurements are limited. This project could lead to breakthrough technologies such as atomic force spectroscopy to study elastic modulus of nanostructures, and establish Australia's prominence in this emerging field.Read moreRead less