Risk Measures and Management in Finance and Actuarial Science Under Regime-Switching Models. New models for assessing and managing risk of financial products will place Australia at the forefront of risk management. The work will also sustain the competitive edge of Australia as one of the major financial centres in the Asia-Pacific region through enhancing both the theory and practice of financial risk management. The project outcome will also benefit to the country in other areas of risk, for ....Risk Measures and Management in Finance and Actuarial Science Under Regime-Switching Models. New models for assessing and managing risk of financial products will place Australia at the forefront of risk management. The work will also sustain the competitive edge of Australia as one of the major financial centres in the Asia-Pacific region through enhancing both the theory and practice of financial risk management. The project outcome will also benefit to the country in other areas of risk, for example, environment risk, climate change, and energy and security problems.Read moreRead less
Plantwide Control of Modern Chemical Processes from a Network Perspective. Complex plants increasingly appear in modern Australian process industries, particularly in mineral processing, petrochemical and renewable energies sectors. These plants represent vast capital costs and manufacture products at a very large scale. Improvement in control and operation of these processes can potentially provide significant economic benefits. The expected outcome of this research is an effective approach to ....Plantwide Control of Modern Chemical Processes from a Network Perspective. Complex plants increasingly appear in modern Australian process industries, particularly in mineral processing, petrochemical and renewable energies sectors. These plants represent vast capital costs and manufacture products at a very large scale. Improvement in control and operation of these processes can potentially provide significant economic benefits. The expected outcome of this research is an effective approach to improve operational safety, efficiency, product quality and manufacturing flexibility, helping to build a more efficient and environmental conscious Australian chemical industry. This project will also enhance Australia's scientific reputation in the frontier research area of advanced process control and management.Read moreRead less
Dynamic Controllability Analysis for Plantwide Process Design and Control. World-wide chemical plants represent many billions of dollars of investment. Improvements to the process designs in terms of controllability would have the potential to provide large economic benefits, as it implies improved productivity, reduced operating costs and product variability. This proposed research will be a step towards integration of process design and control, which has been widely recognized as the key to t ....Dynamic Controllability Analysis for Plantwide Process Design and Control. World-wide chemical plants represent many billions of dollars of investment. Improvements to the process designs in terms of controllability would have the potential to provide large economic benefits, as it implies improved productivity, reduced operating costs and product variability. This proposed research will be a step towards integration of process design and control, which has been widely recognized as the key to this improvement. The outcomes from this project may be readily implemented in process design practice, and therefore have a direct impact to the Australian and world-wide process industries, helping to build a more efficient and environmental conscious Australian process industries.Read moreRead less
Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of ....Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of the performance of global diversified investment funds; and c) prediction to provide early warning of the emergence of destabilising deflation or inflation. These three applications will lead to improved risk management practices and investment performance. Recursive algorithms will provide new statistical methods to study investment asset price movements and market volatility.
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Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in th ....Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in the service industries. It is not well recognised that in developed countries, including Australia, the financial service and related sectors account for more than 60 percent of economic activity and employment, so it is critical that more sophisticated statistical methods be established, and practical applications conducted, in order to advance the understanding of complexity management in the financial service and related sectors.Read moreRead less
Development of Robust Control Systems for Magneto-Rheological Fluid-Based Smart Structures. Possessing the ability to withstand such destructive dynamic loading as gusty winds, fierce waves, and earthquakes, the smart structures of the future will enjoy the unprecedented safety and comfort bringing to their occupants and contents. This will directly benefit Australians. The development of the smart structure technology will also give domestic consultants the ability to compete internationally ....Development of Robust Control Systems for Magneto-Rheological Fluid-Based Smart Structures. Possessing the ability to withstand such destructive dynamic loading as gusty winds, fierce waves, and earthquakes, the smart structures of the future will enjoy the unprecedented safety and comfort bringing to their occupants and contents. This will directly benefit Australians. The development of the smart structure technology will also give domestic consultants the ability to compete internationally, resulting in obvious economic dividends and advantages benefiting Australia. Moreover, a successful effort leading to a major breakthrough of the important area of seismic protection research will have a significant impact far beyond the border of this country.Read moreRead less
Nonsmooth Optimization in Constrained Spline Interpolation. Traditional methods based on standard calculus may not work for optimization problems with constraints; however, such problems can be reformulated as nonsmooth problems that need special treatment. The project aims to approach several important problems in constrained spline interpolation and approximation, from the perspective of nonsmooth optimization. The research, which builds upon a recent breakthrough in the approach to the convex ....Nonsmooth Optimization in Constrained Spline Interpolation. Traditional methods based on standard calculus may not work for optimization problems with constraints; however, such problems can be reformulated as nonsmooth problems that need special treatment. The project aims to approach several important problems in constrained spline interpolation and approximation, from the perspective of nonsmooth optimization. The research, which builds upon a recent breakthrough in the approach to the convex best interpolation by the applicant and his collaborators, is expected to provide fundamental theory for Newton-type methods being used for these problems with a vast number of applications in data fitting and curve and surface design.Read moreRead less
WAVELET-BASED MODELLING AND MODEL PREDICTIVE CONTROL OF COMPLEX MULTIDIMENSIONAL CRYSTALLISATION PROCESSES. The results of this project will directly contribute to a better understanding of crystallisation which is an important unit operation to achieve high purity separations. Many Australian industries for example, mineral processing, sugar processing, pharmaceuticals, etc will benefit from the results in order to enhance optimal operation and control to ensure globally competitive production ....WAVELET-BASED MODELLING AND MODEL PREDICTIVE CONTROL OF COMPLEX MULTIDIMENSIONAL CRYSTALLISATION PROCESSES. The results of this project will directly contribute to a better understanding of crystallisation which is an important unit operation to achieve high purity separations. Many Australian industries for example, mineral processing, sugar processing, pharmaceuticals, etc will benefit from the results in order to enhance optimal operation and control to ensure globally competitive production which is on time, minimize wastes and raw materials and inventories. The leading edge results will increase the contributions of these industries to the Australian economy and our global competitiveness necessary to maintain our culture and the beauty of our environment. Read moreRead less
Market Model of Implied Volatility. The outcomes of the project will constitute a new methodology with a wide range of tools to handle the market uncertainties with practical applications in the finance industry. Consequently, the benefits of this project to the nation include enhancing its scientific standing in the international community, the training of Australian researchers in forefront methods of modelling of complex stochastic systems and the benefits resulting from its commercially rele ....Market Model of Implied Volatility. The outcomes of the project will constitute a new methodology with a wide range of tools to handle the market uncertainties with practical applications in the finance industry. Consequently, the benefits of this project to the nation include enhancing its scientific standing in the international community, the training of Australian researchers in forefront methods of modelling of complex stochastic systems and the benefits resulting from its commercially relevant elements. Read moreRead less
Linkage Infrastructure, Equipment And Facilities - Grant ID: LE0989384
Funder
Australian Research Council
Funding Amount
$233,000.00
Summary
High-speed, three-dimensional, x-ray fluoroscopy for accurate measurement of human joint motion. This proposal addresses one of the most difficult and long-standing problems in the field of biomechanics: How can human joint motion be measured accurately and non-invasively during common activities such as walking, stair ambulation and running? Low-dose, high-speed, three-dimensional, x-ray fluoroscopy provides an excellent solution to this problem and, in so doing, can play a pivotal role in heal ....High-speed, three-dimensional, x-ray fluoroscopy for accurate measurement of human joint motion. This proposal addresses one of the most difficult and long-standing problems in the field of biomechanics: How can human joint motion be measured accurately and non-invasively during common activities such as walking, stair ambulation and running? Low-dose, high-speed, three-dimensional, x-ray fluoroscopy provides an excellent solution to this problem and, in so doing, can play a pivotal role in healthcare, through clinical gait analysis and gait rehabilitation (diagnosis, prevention and treatment of movement disorders); in sports, through the development of personalized training programs for elite athletes; and in entertainment, through the creation of physics-based animations for the video/digital games industry.Read moreRead less