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
Unlocking the Grid: the future of the electricity distribution network. This project applies to the National Research Priority of an environmentally sustainable Australia. A critical challenge for the development of power systems will be to transform them from their current dependence on conventional centralised generation to a situation where more diversified, more volatile and less controllable generation sources contribute a significant percentage of the energy. Coupled with this is a change ....Unlocking the Grid: the future of the electricity distribution network. This project applies to the National Research Priority of an environmentally sustainable Australia. A critical challenge for the development of power systems will be to transform them from their current dependence on conventional centralised generation to a situation where more diversified, more volatile and less controllable generation sources contribute a significant percentage of the energy. Coupled with this is a change in demand patterns due to both demographic and socio-economic variables as well as climate change. Careful analysis is required in the design of the future grid architecture to ensure the security of supply.Read moreRead less
An investigation of the impacts of increased power supply to the national grid by wind generators on the Australian electricity industry. The aim of this project is to discover the most economical and effective way to accommodate large increases in wind power into the national grid and to understand the effects on the national electricity market. This is crucial to ensure stability of electricity supply and affordable prices in the transition towards a low carbon economy.