Stable on-demand optimization for workforce and fleet logistics management. This project aims to conceive, develop and deploy innovative methodologies for stable on-demand workforce management and fleet logistics based on advanced decision-support systems. The outcome of this project will provide a new cloud-based real-time Optimisation Software-as-a-Service (OSaaS) platform that allows businesses to improve their productivity while reducing operating costs and their environmental footprint. Thi ....Stable on-demand optimization for workforce and fleet logistics management. This project aims to conceive, develop and deploy innovative methodologies for stable on-demand workforce management and fleet logistics based on advanced decision-support systems. The outcome of this project will provide a new cloud-based real-time Optimisation Software-as-a-Service (OSaaS) platform that allows businesses to improve their productivity while reducing operating costs and their environmental footprint. This is expected to support the manufacturing, retail, delivery and mobile fleets industries.Read moreRead less
Incentivised strategic traffic assignment: bi-level transport optimisation. This project aims to advance the fundamental knowledge base and methodological modelling capacity related to traffic network assignment representing complex incentive structures such as network pricing, behavioural shift inducement, dynamic speed control and information-provision. Expected outcomes include new equilibrium formulations characterising traveller responses to, and interactions with, incentive structures whil ....Incentivised strategic traffic assignment: bi-level transport optimisation. This project aims to advance the fundamental knowledge base and methodological modelling capacity related to traffic network assignment representing complex incentive structures such as network pricing, behavioural shift inducement, dynamic speed control and information-provision. Expected outcomes include new equilibrium formulations characterising traveller responses to, and interactions with, incentive structures while maintaining complex stochastic adaptive behaviours from previous research, new network routing algorithms, and a novel bi-level optimisation approach for seeking optimal incentive policies. The project will provide a scientific basis for the quantified network evaluation of incentivisation strategies that will support enhanced transport planning thereby improving mobility across society.Read moreRead less
Quantitative and qualitative aspects of Asian and Australian options. While Asian options are highly popular and traded over the counter all over the world, they are traded on an institutional basis in only very few countries. Australia is one of them. Variable purchase options (VPO's), where the payoff is determined by the quotient of a stock and its average price, are traded on the Australian stock exchange since 1992. They build an important component of the Australian derivatives market and ....Quantitative and qualitative aspects of Asian and Australian options. While Asian options are highly popular and traded over the counter all over the world, they are traded on an institutional basis in only very few countries. Australia is one of them. Variable purchase options (VPO's), where the payoff is determined by the quotient of a stock and its average price, are traded on the Australian stock exchange since 1992. They build an important component of the Australian derivatives market and are particularly interesting for foreign investors, who are not able to find this sort of financial product on their domestic markets. A better understanding of these products is necessary to maximize the benefits for Australia's financial markets and economy. Read moreRead less
Generalizing Multi-level Decision Support Handling Multi-objectives, Multi-followers and Uncertainty for Critical Resource Planning. The proposed multi-level optimisation techniques and fuzzy multi-objective multi-follower multi-level decision support system can be used widely in government and industries of Australia to reduce decision blindness, improve decision effectiveness, and therefore has the potential to increase the competitiveness of organizations. Many organizations in Australia are ....Generalizing Multi-level Decision Support Handling Multi-objectives, Multi-followers and Uncertainty for Critical Resource Planning. The proposed multi-level optimisation techniques and fuzzy multi-objective multi-follower multi-level decision support system can be used widely in government and industries of Australia to reduce decision blindness, improve decision effectiveness, and therefore has the potential to increase the competitiveness of organizations. Many organizations in Australia are decentralized and have a hierarchical structure. The proposed techniques are extremely effective for such kinds of organizations in critical planning, management and policy making, including tourism resource planning, water resource management, financial planning, healthcare planning, land-use planning, production planning, transportation planning, and power market planning.Read moreRead less
Group Decision Support Systems for Fuzzy Multi-objective Decision Problems. Most real-world decisions in organisations are made by groups addressing multi-objectives. Further, the decision objectives are frequently characterized by fuzzy parameters and decision makers often utilise fuzzy judgments in attempting to reach optimal solutions. The project is the first to address all these issues: fuzzy objectives, fuzzy judgements, multi-objectives and groups in decision-making. The project will deve ....Group Decision Support Systems for Fuzzy Multi-objective Decision Problems. Most real-world decisions in organisations are made by groups addressing multi-objectives. Further, the decision objectives are frequently characterized by fuzzy parameters and decision makers often utilise fuzzy judgments in attempting to reach optimal solutions. The project is the first to address all these issues: fuzzy objectives, fuzzy judgements, multi-objectives and groups in decision-making. The project will develop a set of interactive decision-making methods to be used by groups solving fuzzy multi-objective decision problems with the allowance of fuzzy judgements, then develop a group decision support system to implement the methods. These outcomes can be immediately used by suitable Australian organisations.Read moreRead less
Quantifying the impact of ambulance diversion for better stroke patient outcomes. It has been established that specialised care of stroke patients can significantly improve their outcomes. However, diverting ambulances to specialised stroke centres may affect the response time for future emergencies. This research aims to model the many complex response time factors and provide a quantitative measure of the impact of diversion.
Maintenance Optimisation in Rail Infrastructure Systems for Coal and
Iron Ore Exports. Coal and iron ore exports, worth around 55 per cent of Australia's export earnings, critically depend on the transport capacity provided by Australia's rail infrastructure. Maintenance plays a crucial role in ensuring that infrastructure components are in a condition to provide safe, reliable, and efficient transport. However maintenance activities also reduce the system capacity, and are costly. It is thus c ....Maintenance Optimisation in Rail Infrastructure Systems for Coal and
Iron Ore Exports. Coal and iron ore exports, worth around 55 per cent of Australia's export earnings, critically depend on the transport capacity provided by Australia's rail infrastructure. Maintenance plays a crucial role in ensuring that infrastructure components are in a condition to provide safe, reliable, and efficient transport. However maintenance activities also reduce the system capacity, and are costly. It is thus critical to sustaining the growth and competitiveness of Australia's coal and iron ore exports that maintenance is optimised so as to maximise system efficiency and delivered capacity. The project aims to achieve this by the development of new decision support technologies embedding innovative decision-making models and algorithms.Read moreRead less
Industrial Transformation Training Centres - Grant ID: IC200100009
Funder
Australian Research Council
Funding Amount
$4,861,236.00
Summary
ARC Training Centre in Optimisation Technologies, Integrated Methodologies, and Applications (OPTIMA). OPTIMA addresses industry’s urgent need for decision-making tools for global competitiveness: reducing lead times, and financial and environmental costs, while improving efficiency, quality, and agility. Despite strong expertise in academia, industry is yet to fully benefit from optimisation technology due to its high barrier to entry. Connecting industry partners with world-leading interdiscip ....ARC Training Centre in Optimisation Technologies, Integrated Methodologies, and Applications (OPTIMA). OPTIMA addresses industry’s urgent need for decision-making tools for global competitiveness: reducing lead times, and financial and environmental costs, while improving efficiency, quality, and agility. Despite strong expertise in academia, industry is yet to fully benefit from optimisation technology due to its high barrier to entry. Connecting industry partners with world-leading interdisciplinary researchers and talented students, OPTIMA will advance an industry-ready optimisation toolkit, while training a new generation of industry practitioners and over 120 young researchers, vanguarding a highly skilled workforce of change agents for transformation of the advanced manufacturing, energy resources, and critical infrastructure sectors.Read moreRead less
Switching Dynamics Approach for Distributed Global Optimisation . This project aims to create a breakthrough switching dynamics approach and new technology to speed up finding optimal solutions. It will develop a distributed switching dynamics based optimisation scheme for global optimisation problems in industrial big-data environments where timely decision making is required. It will result in a practical technology for industry optimisation problems such as economic energy dispatch in smart g ....Switching Dynamics Approach for Distributed Global Optimisation . This project aims to create a breakthrough switching dynamics approach and new technology to speed up finding optimal solutions. It will develop a distributed switching dynamics based optimisation scheme for global optimisation problems in industrial big-data environments where timely decision making is required. It will result in a practical technology for industry optimisation problems such as economic energy dispatch in smart grids and optimal charging and discharging tasks in a large network of electric vehicles, helping Australian power industry improve efficiency and security, as well as training the next generation scientists and engineers for Australia in this emerging field.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE170100234
Funder
Australian Research Council
Funding Amount
$360,000.00
Summary
Exact and hybrid algorithms for the Aircraft Landing Problem. This project aims to develop algorithms with superior guaranteed performance. Aircraft Landing Problems (ALP) are an important class of decision problems. Optimal solution of an ALP is applicable in transportation and health care delivery, benefitting systems experiencing long delays. This project aims to address several of the Australian Government's Science and Research Priorities, focusing on food supply chains, effective operation ....Exact and hybrid algorithms for the Aircraft Landing Problem. This project aims to develop algorithms with superior guaranteed performance. Aircraft Landing Problems (ALP) are an important class of decision problems. Optimal solution of an ALP is applicable in transportation and health care delivery, benefitting systems experiencing long delays. This project aims to address several of the Australian Government's Science and Research Priorities, focusing on food supply chains, effective operation and resource allocation in transport, and better models of health care delivery and services.Read moreRead less