FEMARC External Staff
Adjunct Professor
Professor Lyn Thomas
Visiting Professor from Edinburgh University, UK (January-April 1998)
Professor Lyn Thomas' education includes a BA. and MA. in Mathematics at the University of Oxford, UK. In 1971 he completed his Ph.D at the University of Oxford. Lectureships and Senior Lectureships at various Universities in Britain in the areas of Operations Research, Management Science, Decision Theory, Game Theory, Applied Stochastic Processes and Probability and Statistics at all levels from first year to M.B.A, followed. During this time and up to the present he continuously acted as examiner, external examiner and assessor and contributed professionally as member of numerous panels and committees within the university and external. Professor Lyn Thomas has extensive publications including technical reports and working papers in the above areas plus a number of conference papers. He received numerous research grants. Professor Lyn Thomas is currently Professor of Management Science at Edinburgh University in the Department of Business Studies.
Other academic contributions include Reviewer for Mathematical Reviews, Referee for numerous journals and publishers, President of the Operational Research Society (1994-95), Fellow of the Royal Society of Edinburgh and of the Institute of Mathematics and its Applications, Invited Speaker at numerous Workshops and Conferences, N.R.C. Senior Research Associateship (US).
Research Interests
Applications of dynamic programming techniques, particularly Markov decision processes, to modelling sequential decision problems.
Credit scoring and behavioural scoring, the developments of new uses of scoring in credit control and marketing and the possibility of profit as opposed to default scoring.
Applications of game theory to real problems involving game theory models of auditing, the use of n-person games to allocate costs in banking applications and using game theory to model the environmental regulation of the energy industry.
Books authored and edited
Recent developments in Markov decision processes, Proceedings of the International Conference on Markov Decision Processes. Edited with D.J.White, R. Hartley, Academic Press, London, 1980.
Multi-objective Decision-Making, Proceedings of the Conference on M.O.D.M. edited with D.J.White, S.French and R.Hartley, Academic Press, London, 1983.
Games, Theory and Applications, Ellis Horwood, Chichester 1984 (reprinted 1986).
Operational Research Techniques with D.J.White, S.French, R.Hartley, Edward Arnold, London, 1986.
Golden Developments in Operational Research, Tutorials from 1987 O.R. Conference, Edinburgh edited for Pergamon Press, Oxford 1987.
Credit Scoring and Credit Control, Proceedings of the International Conference. Edited with J.N.Crook, D.Edelmann, Oxford University Press, 1992.
Stochastic Modelling in Innovative Manufacturing, edited with A.H.Christer, S.Osaki, Springer-Verlag, Lecture notes in Economics and Mathematical Systems 445, Berlin, 1997.
Optimal Maintenance, Inspection and Replacement in preparation for Plenum Publishers, New York.
Articles
L.C. Thomas, "Game Theory and the Auditor's Penalty Regime", (with D. Hatherly, L. Nadeau), Journal of Business Finance and Accounting, 23(1996), pp. 29-45.
L.C. Thomas, "Does Scoring a Subpopulation Make a Difference?", (with J. Banasik, J.N. Crook), International Review of Retail, Distribution and Consumer Research, 6, (1996), pp. 180-195.
L.C. Thomas, "Does Cooperation in Auditing Matter? A Comparison of a Non-cooperative and a Cooperative Game Model of Auditing", (with D. Hatherly, L. Nadeau, J. Cook), to appear in European Journal of Operational Research.
L.C. Thomas, "An Optimal policy for a Two Depot Inventory Problem with Stock Transfer", (with T.W. Archibald, S.A.E. Sassen), to appear in Management Science.
L.C. Thomas, "Interchange Fees for Bank ATM Networks", (with S.H. Gow), to appear in Naval Research Logistics.
L.C. Thomas, "Searching for Targets Who Want to be Found", (with P.B. Hulme), to appear in Journal of Operational Research Society.
L.C. Thomas, "Methodologies for Classifying Applicants for Credit, in Statistics in Finance", ed. by D.J. Hand, Wiley, to appear in 1997.
L.C. Thomas, "A Signalling Game Model of the Audit", (with J. Cook, D. Hatherly), Department of Business Studies Working Paper 96/9, (1996).
L.C. Thomas, "A Signalling Game Model of the Audit Combining Fraud and Error Detection", (with J. Cook, D. Hatherly), Department of Business Studies Working Paper 96/14, (1996).
Web Pages
Lyn Thomas Personal Home Page
University of Edinburgh Home Page
Professor J. Gao
Department of Mathematics and Statistics, University of Western Australia.
Dr. S. Hoti
Faculty of Economics and Commerce, University of Western Australia.
Professor M. McAleer
Faculty of Economics and Commerce, University of Western Australia.
Nigel Morkel-Kingsbury
Nigel graduated from Curtin University of Technology as top student in Economics and Finance in 1995. He worked for 12 months as a Business Banker with Bankwest. Previous experience include taxation authorities and tourist/hospitality operations in Australia and Canada. Nigel worked with FEMARC as the Graduate Research Assistant before taking up a lectureship at Monash University.
Research interests
International Trade and Finance, Emerging Stock markets.
Articles
With D.E. Allen and M. Manzur, "Interest Rate Term Premia and Purchasing Power Parity Deviations: the Missing Link?", Edith Cowan University, School of Finance and Business Economics, Working Paper Series, forthcoming.
With L. Thomas and D.E. Allen, "A Hidden Markov Chain Model for the Term Structure of Bond Credit Risk Spreads", Edith Cowan University, School of Finance and Business Economics, Working Paper Series 99.1 (March 1999).
With D.E. Allen, "A Model of the Speed of Australian Interest Rate Adjustment Using A Time-Series Approach", Edith Cowan University, School of Finance and Business Economics, Working Paper Series 98.2 (March 1998).
Previous Papers
With D.E. Allen: An assessment of Australia's Economy on an Industry Sector Basis. Working Paper for Challenge Bank.
With D.E. Allen and W. Piboonthanakiat: The Long-run Performance of Initial Public Offerings in Thailand.
Research Interests
The dynamics of bank retail interest rate adjustment in Australia.
The role of investor sentiment - Australian evidence.
Web Pages
Monash University Faculty of Business and Economics Home Page
Dr. S. Peiris
School of Mathematics and Statistics, University of Sydney.
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