Productivity and Efficiency for Energy and Resources
The energy and resources sectors are critical drivers of the Australian economy. The energy supply industry directly contributed over $90 billion to the Australian economy in 2010/11.
The Australian coal and petroleum industries contributed approximately $56 billion to industry value added in 2010/11. The Australian electricity and gas supply industries contributed another $23.6 billion to industry value added. Together they represented 6% of GDP.
To remain globally competitive, efficiency and productivity gains are vital in these sectors and a key focus of the research at the Centre for Optimal Planning and Operations (C-OPT) operating within the Newcastle Institute for Energy and Resources (NIER).
The optimisation specialists at C-OPT use advanced analytical techniques to investigate aspects of industry, business, and other organisational activities as a basis for making smarter decisions and improving operational practice. Cutting costs for organisations by getting more out of their existing resources is a key outcome of such improvements.
The University of Newcastle has a strong commitment to fundamental and applied research. The Excellence in Research Australia (ERA) world-class rating of 5 for Applied Mathematics reflects the Universitys strategic appointments of world leading researchers in C-OPT.
Read the case studies to see how C-OPT works for the energy and resource sector.