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Zhu , Song-Ping Senior Professor

Senior Professor

  • Faculty of Engineering and Information Sciences
  • School of Mathematics and Applied Statistics

Overview


Graduating from Huazhong University of Science & Technology, Wuhan, China in January of 1982 with a Bachelor of Engineering Mechanics, Dr. Song-Ping Zhu went to the University of Michigan, Ann Arbor, Michigan, U.S.A., where he earned his Master of Science in Engineering (Applied Mechanics) degree in May, 1985, Master of Science in Applied Mathematics in May, 1988 and Ph.D in Fluid Mechanics in December, 1987. His dissertation entitled “Open Channel Flow Near the Resonance Speed” was completed under the supervision of the late Professor C.-S. Yih, who was the Stephen P. Timoshenko University Professor of Fluid Mechanics.

Upon graduating from The University of Michigan, Dr. Song-Ping Zhu took a Research Fellow position at the Centre for Water Research, The University of Western Australia and worked there for two years before moving to the Department of Mathematics, The University of Wollongong, Australia in January 1991 to take a Lecturer position. He was promoted to a Senior Lecturer at the beginning of 1995 and then to an Associate Professor at the beginning of 1997. Being promoted to full professor in 2007, he was promoted to Senior Professor in 2015, an honour that has only been given to a small number of faculty members at the University of Wollongong to recognise their achievements in research excellence beyond professorial level. 

Top Publications


Research Overview


  • Senior Professor Zhu has published over 100 papers in international journal and conference proceedings (His work has been cited by many other researchers with an H-Index of 18 and over 990 citations listed on the Web of Science up to Oct. 2017). 

    He has attracted funding for several research projects from ARC and private industries. Professor Zhu's research interests are primarily in the following three dynamically inter-related areas:


    1) Mathematical and Computational Finance:

    Developing suitable analytical and numerical techniques for pricing exotic options. Particularly interested in the pricing of various financial derivatives such as American options, Parisian/Parasian options, variance swaps and convertible bonds.

    2) Nonlinear Waves and Renewable Energy:

    Studying nonlinear waves generated behind floating and submerged objects and their interactions and using finite element and boundary element methods to model ocean and coastal water waves (reflection, diffraction and refraction). Modelling wave field around an OWC device, which is an interesting new area in renewable energy (using ocean waves to generate electricity and/or desalinizing sea water).

    3) Computational Mathematics:

    Further developing numerical techniques such as boundary element techniques and dual reciprocity boundary element method to solve partial differential equations and singular integral equations.

Available as Research Supervisor

Available for Collaborative Projects

Selected Publications


Impact Story


  • <p>Professor Song-Ping Zhu has established an outstanding research track record in the following areas:</p><ul><li>financial mathematics;</li><li>nonlinear wave theory and renewable energy;</li><li>computational mathematics and numerical methods for PDEs.</li></ul><br />In each of these areas, his research has impacted on the advance of our knowledge in that area. In some areas, his research impact went beyond academia with engagement reaching external partners and end-users.<p><br />In the area of financial mathematics, Professor Zhu has made a very significant impact in terms of disseminating the research findings through journal publications. Among 54 journal papers he has published in the past 11 years in this area, 7 were published in A* journals, while 15 were published in A journals, making 40% of his journal publications in this area being of A and A*. On the other hand, four papers deserve to be specially mentioned in the Details of Impact Story.  He has also made some direct impact to finance industry, through consulting and commercial research; this was evidenced with the consulting projects he completed for local finance companies.</p>In the area of nonlinear waves and renewable energy associated with ocean waves, he has also made significant contributions with 4 A* journal papers and 14 A-ranked journal papers, making more than 50% of the total 35 journal papers in this area to be in the category of A and A*. Utilizing expertise established in the area of ocean waves, a direct impact Prof. Zhu’s research on Australian industry is through a joint project with Oceanlinx between 2007 and 2010, investigating the feasibility of generating electricity directly from ocean waves through the so-called OWC (Oscillating Water Column) devices. The project was also co-funded through an ARC (Linkage) scheme, in which Prof. Zhu and his co-investigators were able to advise their industry partners, based on their expertise in non-linear waves and renewable energy, in terms of optimal design and operation of OWC devices.  <br /><br />Finally, in the area of computational mathematics and numerical methods for PDEs, he has published 24 journal papers, some of which were highly cited in this area. Through these publications, Prof. Zhu has established his expertise in the area of boundary element methods and was on the editorial board of the leading journal in this area, <em>Engineering Analysis with Boundary Elements, </em>for 10 years. He has made significant impact on the research community in this area by refereeing many papers, PhD theses and research proposals. <br /> <p>As a result of these publications with both quality and quantity, his research achievement has been recognized within the international community of the relevant research area; some of his papers have been frequently cited. A search on ISI Web of Science shows that the total citation number of his papers is 990, which is very high in the area of mathematics. In particular, [1] has already attracted over 130 citations as a single paper for a couple of years and it was one of the most cited papers of the <em>Quantitative Finance</em>.</p>

Available as Research Supervisor

Potential Supervision Topics


  • A topic in the area of Financial Mathematics suitable to candidates' undergraduate background;

    A topic in the area of Computational Finance suitable to candidates' undergraduate background;

Advisees


  • Graduate Advising Relationship

    Degree Research Title Advisee
    Doctor of Philosophy (Integrated) A study on quantitatively pricing various convertible bonds Lin, Sha
    Doctor of Philosophy Modeling the Impact of Regulation to Energy and Commodity Markets Yan, Dong
    Doctor of Philosophy Role of Unsaturation in Compacted Waste Materials for Transport Infrastructure Tawk, Miriam
    Doctor of Philosophy Pricing American Options in a Two-Stage Regime-Switching Economy Davis, Ashlee

Professional Service Activities


Outreach And Community Service Activities


Teaching Overview


  • Upon graduating from The University of Michigan, Dr. Song-Ping Zhu took a Research Fellow position at the Centre for Water Research, The University of Western Australia.  He worked there for two years, before moving to the Department of Mathematics, The University of Wollongong, Australia in January 1991 to take a Lecturer position.
    He was promoted to a Senior Lecturer at the beginning of 1995 and then to an Associate Professor at the beginning of 1997. Being promoted to full professor in 2007. 
    He was promoted to Senior Professor in 2015.  An honour that has only been given to a small number of faculty members at the University of Wollongong to recognise their achievements in research excellence beyond professorial level.
    He has successfully supervised 14 Honours students (three of whom were awarded a university medal), 8 research Masters students and 13 PhD students to their graduation. Currently, he has 3 PhD students under his supervision.

Keywords


  • Financial Mathematics
    Option Pricing
    Fluid Mechanics and Nonlinear Wave Theory

Full Name


  • Song-Ping Zhu

Mailing Address


  • School of Mathematics & Applied Statistics

    University of Wollongong, Northfield Ave,

    Wollongong

    NSW

    2522

    Australia

Top Publications


Research Overview


  • Senior Professor Zhu has published over 100 papers in international journal and conference proceedings (His work has been cited by many other researchers with an H-Index of 18 and over 990 citations listed on the Web of Science up to Oct. 2017). 

    He has attracted funding for several research projects from ARC and private industries. Professor Zhu's research interests are primarily in the following three dynamically inter-related areas:


    1) Mathematical and Computational Finance:

    Developing suitable analytical and numerical techniques for pricing exotic options. Particularly interested in the pricing of various financial derivatives such as American options, Parisian/Parasian options, variance swaps and convertible bonds.

    2) Nonlinear Waves and Renewable Energy:

    Studying nonlinear waves generated behind floating and submerged objects and their interactions and using finite element and boundary element methods to model ocean and coastal water waves (reflection, diffraction and refraction). Modelling wave field around an OWC device, which is an interesting new area in renewable energy (using ocean waves to generate electricity and/or desalinizing sea water).

    3) Computational Mathematics:

    Further developing numerical techniques such as boundary element techniques and dual reciprocity boundary element method to solve partial differential equations and singular integral equations.

Selected Publications


Impact Story


  • <p>Professor Song-Ping Zhu has established an outstanding research track record in the following areas:</p><ul><li>financial mathematics;</li><li>nonlinear wave theory and renewable energy;</li><li>computational mathematics and numerical methods for PDEs.</li></ul><br />In each of these areas, his research has impacted on the advance of our knowledge in that area. In some areas, his research impact went beyond academia with engagement reaching external partners and end-users.<p><br />In the area of financial mathematics, Professor Zhu has made a very significant impact in terms of disseminating the research findings through journal publications. Among 54 journal papers he has published in the past 11 years in this area, 7 were published in A* journals, while 15 were published in A journals, making 40% of his journal publications in this area being of A and A*. On the other hand, four papers deserve to be specially mentioned in the Details of Impact Story.  He has also made some direct impact to finance industry, through consulting and commercial research; this was evidenced with the consulting projects he completed for local finance companies.</p>In the area of nonlinear waves and renewable energy associated with ocean waves, he has also made significant contributions with 4 A* journal papers and 14 A-ranked journal papers, making more than 50% of the total 35 journal papers in this area to be in the category of A and A*. Utilizing expertise established in the area of ocean waves, a direct impact Prof. Zhu’s research on Australian industry is through a joint project with Oceanlinx between 2007 and 2010, investigating the feasibility of generating electricity directly from ocean waves through the so-called OWC (Oscillating Water Column) devices. The project was also co-funded through an ARC (Linkage) scheme, in which Prof. Zhu and his co-investigators were able to advise their industry partners, based on their expertise in non-linear waves and renewable energy, in terms of optimal design and operation of OWC devices.  <br /><br />Finally, in the area of computational mathematics and numerical methods for PDEs, he has published 24 journal papers, some of which were highly cited in this area. Through these publications, Prof. Zhu has established his expertise in the area of boundary element methods and was on the editorial board of the leading journal in this area, <em>Engineering Analysis with Boundary Elements, </em>for 10 years. He has made significant impact on the research community in this area by refereeing many papers, PhD theses and research proposals. <br /> <p>As a result of these publications with both quality and quantity, his research achievement has been recognized within the international community of the relevant research area; some of his papers have been frequently cited. A search on ISI Web of Science shows that the total citation number of his papers is 990, which is very high in the area of mathematics. In particular, [1] has already attracted over 130 citations as a single paper for a couple of years and it was one of the most cited papers of the <em>Quantitative Finance</em>.</p>

Potential Supervision Topics


  • A topic in the area of Financial Mathematics suitable to candidates' undergraduate background;

    A topic in the area of Computational Finance suitable to candidates' undergraduate background;

Advisees


  • Graduate Advising Relationship

    Degree Research Title Advisee
    Doctor of Philosophy (Integrated) A study on quantitatively pricing various convertible bonds Lin, Sha
    Doctor of Philosophy Modeling the Impact of Regulation to Energy and Commodity Markets Yan, Dong
    Doctor of Philosophy Role of Unsaturation in Compacted Waste Materials for Transport Infrastructure Tawk, Miriam
    Doctor of Philosophy Pricing American Options in a Two-Stage Regime-Switching Economy Davis, Ashlee

Professional Service Activities


Outreach And Community Service Activities


Teaching Overview


  • Upon graduating from The University of Michigan, Dr. Song-Ping Zhu took a Research Fellow position at the Centre for Water Research, The University of Western Australia.  He worked there for two years, before moving to the Department of Mathematics, The University of Wollongong, Australia in January 1991 to take a Lecturer position.
    He was promoted to a Senior Lecturer at the beginning of 1995 and then to an Associate Professor at the beginning of 1997. Being promoted to full professor in 2007. 
    He was promoted to Senior Professor in 2015.  An honour that has only been given to a small number of faculty members at the University of Wollongong to recognise their achievements in research excellence beyond professorial level.
    He has successfully supervised 14 Honours students (three of whom were awarded a university medal), 8 research Masters students and 13 PhD students to their graduation. Currently, he has 3 PhD students under his supervision.

Keywords


  • Financial Mathematics
    Option Pricing
    Fluid Mechanics and Nonlinear Wave Theory

Full Name


  • Song-Ping Zhu

Mailing Address


  • School of Mathematics & Applied Statistics

    University of Wollongong, Northfield Ave,

    Wollongong

    NSW

    2522

    Australia