Constrained and Stable Solutions of Nonlinear and Semismooth Equations. In this project, comprehensive models for designing safe power system parameters will be proposed, efficient algorthms for solving these models will be constructed. The new models and algorithms in this project will provide efficient tools to prevent catastrophic events in power systems, which is related with national security. This project will also strengthen collaboration of Australian applied
mathematians with inter ....Constrained and Stable Solutions of Nonlinear and Semismooth Equations. In this project, comprehensive models for designing safe power system parameters will be proposed, efficient algorthms for solving these models will be constructed. The new models and algorithms in this project will provide efficient tools to prevent catastrophic events in power systems, which is related with national security. This project will also strengthen collaboration of Australian applied
mathematians with international researchers and engineering scientists. This is important for the advance of science and technology in
Australia.Read moreRead less
Option pricing via path integrals: a new perspective. The risk management of derivative securities is a very exciting challenge for financial market researchers. The knowledge base resulting from this proposal will benefit both large financial institutions and Australia's financial system by creating a more competitive and efficient economic environment, which will inevitably lead to more gross domestic product (GDP) gains.Furthermore a large amount of software and numerical analysis work to be ....Option pricing via path integrals: a new perspective. The risk management of derivative securities is a very exciting challenge for financial market researchers. The knowledge base resulting from this proposal will benefit both large financial institutions and Australia's financial system by creating a more competitive and efficient economic environment, which will inevitably lead to more gross domestic product (GDP) gains.Furthermore a large amount of software and numerical analysis work to be developed during the project can be turned into IP for Australia. This will contribute to catalysing development of internationally competitive financial risk management software industry.Read moreRead less
Physics of Risk: new tools to survey the Australian market and beyond. The lives of most Australians depend on the dynamics of financial markets that affects investments, savings, business, employment, growth, wealth and -ultimately- the daily functioning of our society. Understanding, monitoring and managing the dynamics of financial markets is of crucial importance to policy-makers, financial institutions and businesses that are increasingly faced with managing risk, planning strategies and ta ....Physics of Risk: new tools to survey the Australian market and beyond. The lives of most Australians depend on the dynamics of financial markets that affects investments, savings, business, employment, growth, wealth and -ultimately- the daily functioning of our society. Understanding, monitoring and managing the dynamics of financial markets is of crucial importance to policy-makers, financial institutions and businesses that are increasingly faced with managing risk, planning strategies and taking decisions in an increasingly complex market-place. The project is also of importance to the continued evolution of physics in this country contributing to the emergence of a strong new area of statistical physics concerned with the ?real world? in a manner hitherto unknown.Read moreRead less
High dimensional problems of integration and approximation. In many applications, notably financial mathematics, problems of
integration and approximation of functions in very high dimensions
are of great interest. By finding modern mathematical solutions to
these problems, we will therefore contribute to Australia's future
success in developing innovative technologies for industrial and
economic applications. By researching at an internationally
competitive level and by cooperating with i ....High dimensional problems of integration and approximation. In many applications, notably financial mathematics, problems of
integration and approximation of functions in very high dimensions
are of great interest. By finding modern mathematical solutions to
these problems, we will therefore contribute to Australia's future
success in developing innovative technologies for industrial and
economic applications. By researching at an internationally
competitive level and by cooperating with international experts, we
will have a share in further strengthening the excellent role of
Australian research institutions within the international scientific
community in mathematics and scientific computing.Read moreRead less
Advanced Bayesian Inversion Algorithms for Wave Propagation. This project aims to improve algorithms for detecting hidden items by developing new computational mathematical techniques capable of reconstructing the shape and location of objects using electromagnetic waves. This project expects to generate new knowledge in the areas of Bayesian Inversion and computational wave propagation. Expected outcomes of this project are algorithms that can be developed for use in nonintrusive radio wave sec ....Advanced Bayesian Inversion Algorithms for Wave Propagation. This project aims to improve algorithms for detecting hidden items by developing new computational mathematical techniques capable of reconstructing the shape and location of objects using electromagnetic waves. This project expects to generate new knowledge in the areas of Bayesian Inversion and computational wave propagation. Expected outcomes of this project are algorithms that can be developed for use in nonintrusive radio wave security scanners. This should provide benefits such as the capability to scan a crowd without a checkpoint, which will have the potential to improve security in public places.Read moreRead less
Fundamental investigation of heat and mass transfer in nanofluids: a mechanistic approach. This project aims to develop a mathematical model in order to predict complex boiling in using nanofluids as new coolant for heat removal. Implementation and resultant computer codes thereafter will provide industries with significant benefits and reduce times and costs in their future design of ultra-high efficient heat removal systems.
Innovative Methods for Very High Dimensional Problems. Real world problems tend to involve an enormous number of variables. This "curse of dimensionality" poses great difficulty in application areas such as statistics, finance, economics, and physics. These high dimensional problems are not confined to Australia, and there is great demand worldwide for effective and efficient methods to tackle these problems. The novel methods developed here will lead to improvements in prevailing computational ....Innovative Methods for Very High Dimensional Problems. Real world problems tend to involve an enormous number of variables. This "curse of dimensionality" poses great difficulty in application areas such as statistics, finance, economics, and physics. These high dimensional problems are not confined to Australia, and there is great demand worldwide for effective and efficient methods to tackle these problems. The novel methods developed here will lead to improvements in prevailing computational technologies, which will help to enhance Australia's reputation as a leading scientific innovator. The international collaborations will increase the research output of the country, build up the knowledge base in the discipline, draw international interest, and initiate linkages.Read moreRead less
The Time-Varying Eigenvalue Problem with Application to Signal Processing and Control. Linear models are ubiquitous in representing physical processes. Decomposing a linear model into its fundamental components is known as the eigenvalue problem. In applications as wide ranging as astronomy, aircraft control systems, Internet search engines and communication systems, it is necessary to perform this decomposition of a pertinent time varying linear model on the fly. This project aims to develop si ....The Time-Varying Eigenvalue Problem with Application to Signal Processing and Control. Linear models are ubiquitous in representing physical processes. Decomposing a linear model into its fundamental components is known as the eigenvalue problem. In applications as wide ranging as astronomy, aircraft control systems, Internet search engines and communication systems, it is necessary to perform this decomposition of a pertinent time varying linear model on the fly. This project aims to develop significantly faster and more accurate algorithms for this time varying eigenvalue problem than currently exist. Very modern techniques will be employed to achieve this aim, and the potential benefits to Australian hi-tech industries are great.
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Innovations in spherical approximation - construction, analysis and applications. The motivating problems for this project come from geophysics, including climate, weather forecasting, planetary gravitation and magnetism, and from coding theory and molecular chemistry. National benefit is expected to arise both from an improved ability to handle problems of key economic importance, and from an enhanced position in the international scientific world, through public presentation in leading journa ....Innovations in spherical approximation - construction, analysis and applications. The motivating problems for this project come from geophysics, including climate, weather forecasting, planetary gravitation and magnetism, and from coding theory and molecular chemistry. National benefit is expected to arise both from an improved ability to handle problems of key economic importance, and from an enhanced position in the international scientific world, through public presentation in leading journals and international conferences, and from direct collaboration with internationally leading scientists from USA, UK and Germany. The project will also increase the pool of trained mathematicians with expertise in areas important for applications.
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Advanced computational algorithms for three-dimensional systems. This project deals with the development, analysis and implementation of efficient computer algorithms for a range of complex three dimensional systems. Major areas of focus are forward and inverse acoustic and electromagnetic scattering; dynamical and evolution processes in water waves and tumour growth; and the solution of mathematical models on spheres (earth). Potential application areas of the project include defence science ....Advanced computational algorithms for three-dimensional systems. This project deals with the development, analysis and implementation of efficient computer algorithms for a range of complex three dimensional systems. Major areas of focus are forward and inverse acoustic and electromagnetic scattering; dynamical and evolution processes in water waves and tumour growth; and the solution of mathematical models on spheres (earth). Potential application areas of the project include defence science; ocean engineering; medical research; meteorology and global environmental sciences.Read moreRead less