Automated Visual Inspection, Sentencing & Dressing

Within the aerospace sector, aftermarket services account for over 50% of revenue generated by aero engine manufacturers. Central to this is the ability to inspect and repair high unit cost components. Many processes are manual but given the ever-increasing quality, cost and delivery requirements, and the safety critical nature of these rotating parts, there is […]

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Investigating Insurance Insolvency in Canada’s Property and Casualty Industry

PACICC role is to compensate policyholders in scenarios where a P&C insurer can no longer provide compensation while overseeing the health of the P&C industry in Canada. The proposed project aims to improve PACICC’s ability to identity companies at risk of insolvency and improve strategies to minimize dead weight loss when insolvency is imminent. The […]

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Anomaly Detection in Financial Data

In this joint collaboration with Scotiabank we hope to solve a commonly faced problem by large financial institutions. It is to detect errors in financial datasets. This could be due to typing errors made by a human or a computer glitch that causes an incorrect value to be stored. To identify these errors, we plan […]

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Probabilistic Safety Analysis Methods for Applications in NuclearTechnologies

The ability to correctly make safety-related decisions and to demonstrate compliance with existing limits is of great importance in the nuclear safety analysis industry. For example, we may be interested to assess whether or not a physical component (such as the pressure tube which carries fuel) has undergone physical changes that have exceeded its allowable […]

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Aboveground Storage Tank(AST) testing using statistical approach

Based on the original Statistical Inventory Reconciliation(SIR) Test Method (Quantitative), K-folds cross validation is used to increase P(D) and decrease P(FA) by adjusting K, which are related to bias and standard deviation. There is a trade-off between bias and variance, with very flexible models (overfit) having low bias and high variance, and relatively rigid models(underfit) […]

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Model development for membership analytics

This project will lay a foundation for Interior Savings Credit Union to better serve their membership by providing them with the means to discover significant membership groups within their large and complex database. This will be done through a combination of developing novel statistical techniques to discover the groups and writing the computer code needed […]

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Risk Margin for Claims and Premium Liability in Accordance with IFRS 17

The Building Block Approach (BBA) is one of the liability measurement approaches proposed in the new insurance contract standards – International Financial Reporting Standards (IFRS) 17. Of the three components under BBA, determining the risk margin is the most essential. This project will develop a model that would determine the risk margins and claim provisions, […]

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Intraday Trading and Analysis and Monitoring Trader Behavior

Electronic exchanges are venues that provide immediacy for those who need to find a counterparty to their trades. Orders of various types arrive in the market at ever increasing speeds, and in this era of high-frequency trading (HFT), institutional investors are often disadvantaged because of their high-latency relative to faster traders. To level the playing […]

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Developing statistical methods to discover genetic variants underlying longitudinal decline in lung function

COPD is a common inflammatory lung condition that is characterized by airflow limitation and symptoms of cough and shortness of breath. Globally, it affects 384 million people and is responsible for ~4-7% of all deaths. Longitudinal genome-wide association studies (GWAS) are needed to unravel the molecular determinants of dynamic quantitative traits underlying COPD, such as […]

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Prediction models for pain volatility and engagement patterns of mobile pain app users

Pain is among the top 3 most common reasons for seeking medical help. ManagingLife has developed a mobile-based app, called Manage My Pain, to help chronic-pain patients by providing a simplistic, customizable and comprehensive interface to track pain symptoms and pain experience at a frequency chosen by the users. ManagingLife is interested in understanding the […]

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