Peter Taylor received a BSc(Hons) and a PhD in Applied Mathematics from the University of Adelaide in 1980 and 1987 respectively. In between, he spent time working for the Australian Public Service in Canberra. After periods at the Universities of Western Australia and Adelaide, he moved at the beginning of 2002 to the University of Melbourne. In January 2003, he took up a position as the inaugural Professor of Operations Research. He was Head of the Department of Mathematics and Statistics from 2005 until 2010.
Peter's research interests lie in the fields of stochastic modelling and applied probability, with particular emphasis on applications in telecommunications, biological modelling, healthcare, economics and disaster management. Recently he has become interested in the interaction of stochastic modelling with optimisation and optimal control under conditions of uncertainty. He is regularly invited to present plenary papers at international conferences. He has also acted on organising and program committees for many conferences.
Peter is the editor-in-chief of `Stochastic Models', and on the editorial boards of `Queueing Systems', the `Journal of Applied Probability' and `Advances in Applied Probability'. He served on the Awards Committee of the Applied Probability Section of the Institute for Operations Research and Management Science (INFORMS) from 2005-2007 and in 2016 was Co-Chair of the committee for the Nicholson Prize, awarded for the best student paper in operations research. In 2008, Peter became one of the five trustees of the Applied Probability Trust. This trust, which is based in Sheffield UK, is the body which publishes the Applied Probability journals plus `The Mathematical Scientist' and `Spectrum'.
From February 2006 to February 2008, Peter was Chair of the Australia and New Zealand Division of Industrial and Applied Mathematics (ANZIAM), and from September 2010 to September 2012 he was the President of the Australian Mathematical Society. In 2013 he was awarded a Laureate Fellowship by the Australian Research Council, and in 2016 he became Director of ACEMS.
Interest and investment inthe cryptocurrency Bitcoin has skyrocketed in the last few years, pushing up its market value from just $0.39 in 2010 to around $12,000 at the end of 2017. But its increasing value and popularity has also been met with a surge in problems, particularly in processing transactions and verifying accounts.
The broad aim to develop mathematical models for population dynamics that account for local population behaviour, individual variation, spatial structure, and differing migration patterns, and to calibrate these models to real data.
Demand for healthcare services is growing rapidly in Australia, and rising healthcare expenditure is increasing pressure on the sustainability of the government-funded healthcare system. To keep up with the rising demand, we need to be more efficient in delivering healthcare services. To make a system efficient, we need to identify the source of inefficiency and eliminate it.
Building on previous expertise of the investigators on loss networks and multi-armed bandits respectively, we investigate how to allocate resources to requests so that the weighted proportion of denied requests is minimized.
Prizes, awards and special recognition
Redmond Barry Professor was awarded to Peter Taylor. Awarded from the The University of Melbourne.
Ren Potts Medal was awarded to Peter Taylor. Awarded from the Australian Society for Operations Research.