The improvement of climate change investigations by developing and applying innovative evolutionary subset time series modelling using semi-parametric sparse-patterned approaches. With an estimated US$6.98 trillion loss indicated in the Stern review, severe climate change will make world climate conditions harsher and more likely include large natural climate disasters. The health of the Australian economy is critically dependent on decisions of environmental managers. However, most problems of ....The improvement of climate change investigations by developing and applying innovative evolutionary subset time series modelling using semi-parametric sparse-patterned approaches. With an estimated US$6.98 trillion loss indicated in the Stern review, severe climate change will make world climate conditions harsher and more likely include large natural climate disasters. The health of the Australian economy is critically dependent on decisions of environmental managers. However, most problems of complexity arising in climate change involve issues on which we do not possess a deep understanding. This project draws upon a set of inter-disciplinary concepts and models centred in neural networks that enable us to advance our understanding of complexity, leading to superior quantitative tools and models to allow for improved environmental decision-making.
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Improved Monte Carlo Methods for Estimation, Optimisation and Counting. The project will benefit the Australian society by building the theoretical and methodological foundations for the next generation of Monte Carlo techniques. The advancement of the knowledge in this area will provide important tools for solving complex estimation, optimisation and counting problems in engineering, statistics, computer science, mathematics and the physical and life sciences. As a result it will generate a com ....Improved Monte Carlo Methods for Estimation, Optimisation and Counting. The project will benefit the Australian society by building the theoretical and methodological foundations for the next generation of Monte Carlo techniques. The advancement of the knowledge in this area will provide important tools for solving complex estimation, optimisation and counting problems in engineering, statistics, computer science, mathematics and the physical and life sciences. As a result it will generate a competitive advantage for various sections of the Australian industry, including telecommunications, biotechnology and finance. The project will enable Australian researchers to continue to work at the forefront of this fast moving and exciting area of international research.Read moreRead less
Rare Event Simulation with Heavy Tails. The project provides a rigorous way to enhance our understanding of the mechanisms that bring about catastrophic rare events such as urban flooding, electricity shortages and financial bankrupcy. Australia is at the forefront of exciting recent developments in rare event simulation. The advancement of the knowledge in this area will generate a competitive advantage for various sections of the Australian industry, including the areas of industrial reliabili ....Rare Event Simulation with Heavy Tails. The project provides a rigorous way to enhance our understanding of the mechanisms that bring about catastrophic rare events such as urban flooding, electricity shortages and financial bankrupcy. Australia is at the forefront of exciting recent developments in rare event simulation. The advancement of the knowledge in this area will generate a competitive advantage for various sections of the Australian industry, including the areas of industrial reliability, finance and insurance, were accurate simulation techniques are becoming increasingly important.Read moreRead less
Statistical estimation and approximation of anomalous diffusion. This project investigates diffusion processes with long memory, heavy-tailed distributions and higher-order information. Each of these characteristics has been a subject of extensive current research. These processes arise in important applications with significant social/economic benefits such as heat conduction and fluid flow in porous media, propagation of seismic waves, transport of drug molecules in living tissues. Built on ou ....Statistical estimation and approximation of anomalous diffusion. This project investigates diffusion processes with long memory, heavy-tailed distributions and higher-order information. Each of these characteristics has been a subject of extensive current research. These processes arise in important applications with significant social/economic benefits such as heat conduction and fluid flow in porous media, propagation of seismic waves, transport of drug molecules in living tissues. Built on our recent fundamental developments of fractional generalised random fields and fractional diffusion equations, this project tackles the key problems of statistical estimation, approximation and prediction of diffusion processes with all the above characteristics in a unified framework not provided by other approaches.Read moreRead less
Bayesian Statistical Inference for Implicitly defined Probability Models. Bayesian statistics has recently been used to provide solutions for a large number of hitherto intractable problems in science and technology. The success of Bayesian statistics has mainly been due to the application of so-called Markov chain Monte Carlo computational techniques. We aim to improve these algorithms, by providing fast, simple and efficient computational implementations. We will use the results to give ins ....Bayesian Statistical Inference for Implicitly defined Probability Models. Bayesian statistics has recently been used to provide solutions for a large number of hitherto intractable problems in science and technology. The success of Bayesian statistics has mainly been due to the application of so-called Markov chain Monte Carlo computational techniques. We aim to improve these algorithms, by providing fast, simple and efficient computational implementations. We will use the results to give insight by carefully quantifying and modelling uncertainty for such topics as the transmission rate of infectious diseases, the spatial distribution of plant and animal species, investigating biological theory for the genome of a virus, and changes in human fertility.Read moreRead less
New approaches to the statistical modelling of financial risk: combining structural information with flexible, computationally-intensive non-parametric methods. The aims of this project are to provide a range of novel, rigorous, flexible, statistical methods to assess portfolio risk, with due attention to behaviour of its constituent components; to obtain greater understanding of the complexities of risk; and to give students research training in the nexus of statistics and finance. The anticip ....New approaches to the statistical modelling of financial risk: combining structural information with flexible, computationally-intensive non-parametric methods. The aims of this project are to provide a range of novel, rigorous, flexible, statistical methods to assess portfolio risk, with due attention to behaviour of its constituent components; to obtain greater understanding of the complexities of risk; and to give students research training in the nexus of statistics and finance. The anticipated outcomes of this project will be detailed knowledge of extremal behaviour in portfolios, improved methods for calibrating risk, advances in non-parametric methods in finance, a prototype practitioner toolkit for assessing risk, and high-calibre graduates to contribute to Australia's research capacity.Read moreRead less
Relative free energies from nonequilibrium simulations: algorithms for determination of binding affinities, conformational states and phase transitions. Leading edge research will enable state of the art techniques in statistical mechanics to be applied to practical problems. All processes in biological, chemical and physical systems are governed by their free energy landscape, often only accessible computationally. This project will lead to an advanced tool for free energy calculation. Advanc ....Relative free energies from nonequilibrium simulations: algorithms for determination of binding affinities, conformational states and phase transitions. Leading edge research will enable state of the art techniques in statistical mechanics to be applied to practical problems. All processes in biological, chemical and physical systems are governed by their free energy landscape, often only accessible computationally. This project will lead to an advanced tool for free energy calculation. Advancement of emerging technologies in nanoscience, porous materials, membrane transport and drug design will benefit from this capability. The project therefore addresses the Priority Goal 'Breakthrough science'. A PhD student and an Early Career Research will be trained in research, gaining a range of valuable skills in theory and simulation. Read moreRead less
Dissipation and relaxation in statistical mechanics. This project studies the mathematical conditions for relaxation either to equilibrium or to steady states, which is important in predicting behaviour in diverse fields including climate modelling, materials science, nanotechnology and biology. Early career researchers will be involved in the project, gaining valuable skills in theory and simulation.
Improving likelihood estimators: theory and applications to analysing productivity and efficiency and forecasting of probability of economic recession. This project aims to improve one of the most popular statistical methods to empower applied researchers with a more reliable analytical tool. This project will develop mathematical theory and use it to analyse patterns of economic growth, productivity and efficiency of countries. This can be used to forecast probability of entering economic reces ....Improving likelihood estimators: theory and applications to analysing productivity and efficiency and forecasting of probability of economic recession. This project aims to improve one of the most popular statistical methods to empower applied researchers with a more reliable analytical tool. This project will develop mathematical theory and use it to analyse patterns of economic growth, productivity and efficiency of countries. This can be used to forecast probability of entering economic recession, with a focus on Australia.Read moreRead less
Properties of nonequilibrium steady states. A nonequilibrium steady state (NESS) occurs when work is performed on a system and the heat so generated is absorbed by a thermostatting mechanism. The system settles into steady state and its properties no longer change. Almost all experimental systems of interest are in a nonequilibrium state, so understanding NESSs is highly significant. Unlike time stationary equilibrium states, the distribution of microstates in a NESS cannot be described by simpl ....Properties of nonequilibrium steady states. A nonequilibrium steady state (NESS) occurs when work is performed on a system and the heat so generated is absorbed by a thermostatting mechanism. The system settles into steady state and its properties no longer change. Almost all experimental systems of interest are in a nonequilibrium state, so understanding NESSs is highly significant. Unlike time stationary equilibrium states, the distribution of microstates in a NESS cannot be described by simple closed form distributions. This project will determine properties, symmetries and extrema of NESS using concepts and theorems developed for studying transient nonequilibrium states, and will also determine if approximate, physically relevant forms of the phase space distributions can be developed.Read moreRead less