NEW STOCHASTIC MODELS FOR SCIENCE, ECONOMICS, SOCIAL SCIENCE AND ENGINEERING
Grant number: FL130100039 | Funding period: 2013 - 2019
Stochastic, or random, phenomena abound in society. This project will combine advancement of the theory of stochastic models at a deep level with application to problems arising in science, economics, social science and engineering, and outreach to educate members of the public about random processes of significance in their lives.
Related publications (37)
Bounds for the solution to the single-period inventory model with compound renewal process input: An application to setting credit card limits
JK Budd, PG Taylor
Motivated by a desire to calculate the optimal credit limit for a credit card account in terms of the card-holder’s purchasing beh..
A sequential stochastic mixed integer programming model for tactical master surgery scheduling
Ashwani Kumar, Alysson M Costa, Mark Fackrell, Peter G Taylor
In this paper, we develop a stochastic mixed integer programming model to optimise the tactical master surgery schedule (MSS) in o..
The spatial distribution of rainfall extremes and the influence of El Nino Southern Oscillation
Kate Saunders, Alec G Stephenson, Peter G Taylor, David Karoly
Extreme rainfall does not occur in spatial isolation. Rainfall occurs in a region, and within that region nearby locations are lik..