Rare Event Simulation with Heavy Tails

该项目提供了一种严格的方法，以提高我们对造成城市洪水，电力短缺和金融破产等灾难性罕见事件的机制的理解。澳大利亚在罕见事件模拟方面处于令人兴奋的最新发展的前沿。这一领域知识的进步将为澳大利亚工业的各个部门产生竞争优势，包括工业可靠性，金融和保险领域，准确的模拟技术变得越来越重要。

The project provides a rigorous way to enhance our understanding of the mechanisms that bring about catastrophic rare events such as urban flooding, electricity shortages and financial bankrupcy. Australia is at the forefront of exciting recent developments in rare event simulation. The advancement of the knowledge in this area will generate a competitive advantage for various sections of the Australian industry, including the areas of industrial reliability, finance and insurance, were accurate simulation techniques are becoming increasingly important.