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Research

Stochastic Modelling

Current research projects under the Stochastic Modelling cluster include:

  • Energy research: Professor Stein W. Wallace, Dr Zhan Pang and PhD student Pedro Crespo Del Granado have established a close cooperation with researchers (under Professor Asgeir Tomasgard) at the Norwegian University of Science and Technology, Trondheim, Norway, on energy research. As part of this, Lancaster University is one of the international partners in the newly established Centre for Environment-Friendly Energy research (CenSES), established in February 2011. The centre is funded by the Norwegian Research Council, has a budget of 30 million EURO, and has over 30 partners. We are seeking a way to connect this contact with LANCS. Professor Tomasgard has been appointed LUMS Distinguished Visiting Scholar for 2012. He will visit Lancaster early in 2012, and we hope to organize a LANCS workshop on stochastic modelling in energy research during his visit.
  • Central planning problems in the shipping industry: Professor Kjetil Fagerholt and his PhD students Giovanni Partuso from The Norwegian University of Science and Technology will visit Lancaster throughout the academic year 2011-12. They work closely with Prof Stein W. Wallace on central planning problems in the shipping industry where uncertainty is of great importance, in particular the instalment of abatement technologies in large vessels (to meet present and future emission regulations) and fleet management for the world’s largest RoRo fleet.