A team of between 15 and 20 computer scientists and engineers will work at the new NICTA laboratory at Monash University's Caulfield campus with the goal of enabling non-experts to use optimisation tools.
Optimisation techniques are used to address problems that involve objectives, such as minimising cost or maximising production, and constraints such as limitations on the supply of materials, or on the number and pattern of hours that each employee can work.
Examples can be found in human resources, production, distribution, purchasing, and health.
NICTA project leader Peter Stuckey said "We want to help Australian businesses by making this technology much easier to use so that more people can take advantage of it."
The Dean of the Faculty of Information Technology and the Faculty of Engineering, Frieder Seible, said "This new lab will help build Monash's reputation as a university developing world-class capability in research areas that will help make our local businesses and the State of Victoria more productive.
"The NICTA partnership will also attract graduate students in an area which is rapidly transforming industry. Having the opportunity to be taught by, or be part of, a 'world's best' team will be a very strong incentive to talented students."