Is jump risk in iTraxx Sector Indices diversifiable?

The article presents an analysis of jump risks in iTraxx Europe index in a multivariate structural time-series setting for the stochastic process, as well as in the credit default swap (CDS) market. It also examines the rapid development of the credit derivatives market, particularly the CDS market. This analysis found a significant Poisson-distributed jumps in the iTraxx Non-Financials index and its subindices. Based on a statistical analysis, nondiversifiable jump risk strongly exists in the CDS market.

Physical theory of organisation and consequent neural model of spatio-temporal pattern acquisition

A neurone model (the FORMON) is proposed which provides a mathematical explanation for a range of psychological phenomena and has potential in Artificial Intelligence applications. A general definition of organisation in terms of entropy and information is formulated. The concept of microcodes is introduced to describe the physical nature of organisation. Spatio-temporal pattern acquisition and processing functions attributable to individual neurones are reviewed. The criterion for self-organisation in a neurone is determined as the maximisation of mutual organisation. A feedback control system is proposed to satisfy this criterion and provide an integrated long-term memory of spatio-temporal pattern. This pattern acquisition system is shown to be applicable to dendritic pattern recognition and axonal pattern generation. Provision is also made for adaptation, short-term memory and operant learning. An electro-chemical model of transmission and processing of neural signals is outlined to provide the pattern acquisition functions of the Formon model. A transverse magnetic mode of electrotonic propagation is postulated in addition to the transverse electromagnetic mode. Configurations of the Formon are categorised in terms of possible pattern processing functions. Connective architectures are proposed as self-organising models of acquisitive semantic and syntactic networks.

In situ stabilisation of pavements using cementitious binders

An extensive study was made of the physical properties of a range of cementitiously stabilised materials to determine their suitability for use in in situ pavement construction. This process for recycling existing pavements has considerable environmental and cost benefits. Pavement models incorporating these materials were analysed to determine their structural behaviour.

Aluminium smelter wastewater : groundwater fluoride fate

This study assessed the viability of utilising groundwater systems to manage Portland Aluminium's trade waste water stream. A mathematical groundwater model was created to assess laboratory and field results. Fluoride was modelled for spatio-temporal longevity in the system. All models indicate that fluoride will ultimately exit the site to the seaward boundary.

Heat and mass transfer in fluidised-bed heat-treatment furnaces

The mechanisms of heat and mass transfers between heat-treatment fluidised beds and immersed workpiece were studied by using computational simulation and experimental validation. A model called Double Particle-layer and Porous Medium was developed to simulate the gas flow and heat transfer between fluidised beds and immersed workpiece.

Encoding, ensemble and accelerating strategies for linear causal model discovery

This thesis made outstanding contribution in automating the discovery of linear causal models. It introduced a highly efficient discovery algorithm, which implements new encoding, ensemble and accelerating strategies. Theoretic research and experimental work showed that this new discovery algorithm outperforms the previous system in both accuracy and efficiency.

Integrative catchment modelling of land use, turbidity, flow and geology

The thesis outlines and demonstrates the various aspects that contribute towards water quality management systems and the important use of storage/water quality models. The application of models is demonstrated through the functions that modelling components have on sustainable regional development, and through linkage with water quality systems.

3D depth estimation using wavelet analysis based stereo vision approach

A complete and highly robust 3D reconstruction algorithm based on stereo vision is presented. The developed system is capable of reconstructing dimensionally accurate 3D models of the objects and is very simple and cost effective due to its prominent software dependency and minimal hardware involvevment unlike existing systems.

Embodied energy modelling of individual buildings in Melbourne : the inherent energy-cost relationship

This thesis demonstrates a strong relationship between life cycle energy and life cycle cost based on an analysis of thirty recent Melbourne buildings. Embodied energy (initial cost) can be reliably modelled by construction cost (initial cost) and thus be readily available as early design advice, enabling more sustainable development.

Experimental analysis of friction in forming automotive coated steels

The thesis addressed and answered a number of key issues in the experimental analysis of friction in sheet forming operations. Conventional friction theories were linked with the properties of sheet coatings and the process geometries. Newly derived mathematical models extended the analysis of friction in sheet metal forming applications.

Composite crashworthy structures

This study presents an innovative finite element delamination model which successfully reproduced the experimental failure behaviour observed in axial crush testing. Tests were conducted on tubes manufactured by a novel composite curing process, resulting in the ability to cure tubular profiles in 7 minutes - 95% quicker than traditional autoclave curing.

Statistical properties and taxonomies of human untranslated exons

Two taxonomies for the accurate classification of human and predicted exons were produced. Based on these taxonomies important statistical properties of untranslated exons useful for improving automated genefinding efforts were calculated. Finally an important correlation between the energy and the information content in the human genome was identified.