The use of stochastic fluid models for the evaluation of applications-driven sample path integrals.

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The major technical goal of this project is the production of novel methodologies which can be used to model and solve real-world problems of considerable engineering and/or environmental significance. The research for this project will serve to enhance further Australia's reputation as a country which makes major contributions, both theoretical and practical, to this field. The activities of the Stochastic Modelling, Analysis and Optimisation group at the University of Adelaide and the School of Mathematics at the University of Tasmania will receive further impetus, consequently maintaining a dynamic research environment for staff and students at both universities. Links between the two groups will be strengthened.