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Seeking Value in Uncertainty

RiskLab at CSIRO’s Data61 provides the avenue for industry to engage directly with the extended network of technologists  and academia to come up with innovative solutions and tools in quantitative risk and decisions-under uncertainty.

RiskLab at CSIRO’s Data61 is affiliated with the RiskLab global network as the RiskLab node in Australia.  RiskLab at Data61/CSIRO is a multi-disciplinary R&D centre for developing the latest methodologies and technologies in actuarial sciences, econometrics, applied math and statistics as well as financial mathematics.

Interactive Demo Applications:

RiskLab at CSIRO focuses on delivering innovative solutions and services in quantitative risk and optimal decisions under uncertainty for finance, insurance, mining, agriculture and cyber security.

Interactive Optimal Decisions in Superannuation application:

Please see our interactive demo by clicking on the image below (using either Google Chrome or Firefox):

Stage 1 – SUPA Model

 

Stage 2 – SUPA Accumulation

 

Stage 3 – SUPA Decumulation

 

Stage 4 – Pension Multiplier

Further information:

 

Interactive Optimal Decisions in Asset Allocation:

Please see our interactive demo by clicking on the image below (using either Google Chrome or Firefox). The scenarios for portfolio allocation are for demonstration purpose only, and are not to be taken as advice.

Further information:

 

Interactive Optimal Decisions in Mining:

Although dynamic strategies can substantially improve project value, they are rarely used by industry. There are two reasons for this: the complexity of the algorithms used to make optimal decisions under uncertainty, and difficulties in visualizing the optimal strategies.

Decision-makers in industry need a way to graphically display the results obtained to facilitate understanding and present results to others. An intuitive display of the boundaries between regions of different optimal decisions (switching boundaries) would greatly assist industry with optimal sequential decision-making under uncertainty.

Please see our interactive demo by clicking on the image below (using either Google Chrome or Firefox):

Further information:

 

For questions or contact for further information, please email Dr Zili Zhu: Zili.Zhu@data61.csiro.au.

 

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