Dr Zhang Changyong
Dr. ZHANG Changyong
PhD, MPhi, MSc, BEng
Associate Professor
Contact Details
Telephone: +60 85 630100 ext: 2743 Fax: +60 85 630088
Location: Heron 2 Room 19
Email: changyong.zhang@curtin.edu.my
Staffportal: https://staffportal.curtin.edu.au/staff/profile/view/Changyong.Zhang
Bio
Changyong Zhang earned a Bachelor of Engineering in Mechanical Engineering and Automation from South China University of Technology, a Master of Science in High Performance Computation for Engineered Systems from National University of Singapore (Singapore-MIT Alliance) (Advisor: Jie Sun), a Master of Philosophy in Network Planning and Optimisation from Imperial College London (Advisor: Robert Rodošek), and a Doctor of Philosophy in Applied Mathematics from the University of Southern California (Advisor: Remigijus Mikulevičius).
Prior to joining Curtin University Malaysia in 2015 as an associate professor in the Department of Finance and Banking, Changyong Zhang had been affiliated with Xi’an Jiaotong-Liverpool University as a lecturer in the Department of Mathematical Sciences, the University of Leoben as a postdoctoral researcher in the Department of Mathematics and Information Technology (Advisor: Erika Hausenblas), and Uppsala University as a postdoctoral researcher in the Department of Mathematics (Advisor: Kaj Nyström).
Along with teaching experience in Finance and Mathematics related courses, Changyong Zhang’s research interests lie in interdisciplinary fields, including Financial Economics, Operations Research, and Stochastic Analysis, with papers being published in a number of ABDC-ranked and WoS-indexed journals.
Research
Department of Finance and Banking, Principal Investigator Apr 2016 – Mar 2019
- Weak Euler Approximation for Stochastic Differential Equations with Applications in Finance
(CSCRS: Curtin Sarawak Collaborative Research Scheme)
Team Members: Dr. Md Atiqur Rahman Khan, Prof. Remigijus Mikulevicius, Dr. Changyong Zhang (PI)
Department of Finance and Banking, Co-Investigator Aug 2016 – Jul 2018
- A Dynamic General Equilibrium Model to Mitigate Greenhouse Gas Emissions: The Malaysian Agriculture Sector
(FRGS: Fundamental Research Grant Scheme)
Team members: Dr. Muhammad Cheema, Dr. Pauline Poh Ling Ho, Dr. Md Atiqur Rahman Khan, Dr. Kenneth R. Szulczyk (PI), Dr. Ching Seng Yap, Dr. Changyong Zhang
Department of Finance and Banking, Co-Investigator Jan 2019 – Dec 2020
- Information-Seeking Behaviour of the Rural Dwellers in the Digital Age: The Savolainen’s Model
(FRGS: Fundamental Research Grant Scheme)
Team members: Dr. Pauline Poh Ling Ho, Mr. Alpha Anak Ngadan, Dr. Nga Huong Tiew (PI), Dr. Ching Seng Yap, Dr. Changyong Zhang
Department of Mathematics, Postdoctoral Researcher Aug 2012 – Oct 2014
- Liquidity Risk — High Frequency Data and Algorithmic Trading
(RJ: Riksbankens Jubileumsfond – The Swedish Foundation for Humanities and Social Sciences)
Department of Mathematics and Information Technology, Postdoctoral Researcher Feb 2012 – Jul 2012
- Nonlinear Filtering with Respect to Levy Noise
(FWF: Fonds zur Forderung der wissenschaftlichen Forschung – Austrian Science Fund)
University of Southern California
Department of Mathematics, Graduate Assistant Aug 2005 – Dec 2010
- Numerical Weak Approximation of Stochastic Differential Equations Driven by Lévy Processes
Centre for Planning and Resource Control, Graduate Assistant Oct 2002 – Jun 2005
- A Dynamic Decomposition Method for the Unique-Path OSPF Weight Setting Problem
National University of Singapore
Singapore-MIT Alliance, Internship Researcher Jan 2001 – May 2001
- A Heuristic for Real-Time Container Load Sequencing
Teaching
Department of Finance and Banking, Associate Professor Aug 2015 – Present
- Corporate Finance (Fall 2015, Spring 2017, Fall 2017, Spring 2018, Spring 2019, Spring 2020)
- Introduction to Finance Principles (Spring 2016, Fall 2016, Spring 2018)
- Introduction to Derivative Securities (Spring 2019, Fall 2019, Spring 2020)
- Introductory Business Financial Modelling (Fall 2015, Spring 2016, Fall 2016, Spring 2017, Fall 2017, Fall 2018, Fall 2019)
Xi’an Jiaotong-Liverpool University
Department of Mathematical Sciences, Lecturer Sep 2011 – Jan 2012
- Engineering Mathematics (Fall 2011)
- Mathematical Reasoning, Logic and Problem Solving (Fall 2011)
University of Southern California
Department of Mathematics, Teaching Assistant Aug 2006 – Dec 2010
- Basic Mathematical Skills (Fall 2006, Fall 2010)
- Calculus II (Spring 2007, Fall 2008)
- Fundamental Principles of Calculus (Spring 2010)
- Introduction to Mathematical Statistics (Fall 2007)
- Numerical Analysis (Fall 2006)
- Probability Theory (Spring 2008)
- Statistics for Management and Economics (Spring 2009, Fall 2009)
Seaver College of Letters, Arts, and Sciences, Summer Lecturer May 2007 – Jun 2007
- Probability & Linear Algebra (Summer 2007)
Service
- Department of Finance and Banking, Research Seminars Initiator & Coordinator, Fall 2017, Fall 2018
- Faculty of Business, R&D Committee Member, 10/2015 – 12/2019
- Faculty of Business, Research Cluster Leader of Financial Market and Macroeconomic Dynamics, 10/2015 – 12/2019
- Faculty of Business, Reviewer of FRGS grant applications, 04/2016, 02/2017, 03/2018, 03/2019
- Faculty of Business, Recruitment Panel Member, 02/2017, 06/2017, 10/2018
- Faculty of Business, Reviewer of foundation units, 10/2016, 05/2017, 10/2017, 05/2018, 10/2018, 05/2019
- Office of Research and Development, Curtin Malaysia R&D Committee Member, 02/2020 –
Xi’an Jiaotong-Liverpool University
- Department of Mathematical Sciences, IT Officer, 09/2011 – 01/2012
Mentoring
Department of Finance and Banking, Co-Supervisor Jan 2016 – Present
- Alpha anak Ngadan (PhD), Momentum Profits and Herding Behavior in Emerging Asian Equity Markets and Real Estate Investment Trusts (01/2016 – )
- Bilal Aslam (MPhil), Weak Euler Scheme for Stochastic Differential Equations with Applications in Finance (09/2017 – )
- Xiaoqian Wu (MPhil), Determinants and Consequences of Using Digital Finance Platform for Personal Financial Management in Rural China (06/2017 – )
- Die Zhou (MPhil), Optimization of Recruitment Process for AI Smart Home Startups in China (05/2019 – )
Publications
Journal Articles
- Szulczyk K. and Zhang C. (2019), Switching-Regime Regression for Modelling and Predicting a Stock Market Return, Empirical Economics, Springer, to appear (ABDC: A; WoS)
- Mikulevičius R. and Zhang C. (2018). Weak Euler Scheme for Lévy -Driven Stochastic Differential Equations, Theory of Probability and Its Applications, 63(2), 306-329, the Society for Industrial and Applied Mathematics (ABDC: A; WoS)
- Zhang C. (2017). An Origin-Based Model for Unique Shortest Path Routing, Journal of the Operational Research Society, 68(8), 935-951, Palgrave Macmillan (ABDC: A; WoS)
- Liu S. and Zhang C. (2015). An Efficient Inventory Rationing Strategy for Systems with Two Demand Classes and Backordering, International Journal of Production Research, 53(20), 6136-6142, Taylor & Francis (ABDC: A; WoS)
- Mikulevičius R. and Zhang C. (2015). Weak Euler Approximation for Itô Diffusion and Jump Processes, Stochastic Analysis and Applications, 33(3), 549-571, Taylor & Francis (ABDC: B; WoS)
- Liu S., Song M., Tan K., and Zhang C. (2015). Multi-Class Dynamic Inventory Rationing with Stochastic Demands and Backordering, European Journal of Operational Research, 244(1), 153-163, Elsevier (ABDC: A*; WoS)
- Nyström K., Ould Aly S., and Zhang C. (2014). Market Making and Portfolio Liquidation under Uncertainty, International Journal of Theoretical and Applied Finance, 17(5), 1-33, World Scientific (ABDC: B; WoS)
- Mikulevičius R. and Zhang C. (2011). On the Rate of Convergence of Weak Euler Approximation for Nondegenerate SDEs Driven by Lévy Processes, Stochastic Processes and their Applications, 121(8), 1720-1748, Elsevier (ABDC: A; WoS)
Conference Proceedings
- Zhang C. (2016), Modeling High Frequency Data Using Hawkes Processes with Power-Law Kernels, Procedia Computer Science, 80, 762–771, Elsevier (Scopus)
- Zhang C. and Rodošek R. (2005), Modelling and Constraint Hardness Characterisation of the Unique-Path OSPF Weight Setting Problem, Lecture Notes in Computer Science, 3514, 804-811, Springer (WoS)
- Zhang C. and Rodošek R. (2005), Two Mathematically Equivalent Models of the Unique-Path OSPF Weight Setting Problem, Lecture Notes in Computer Science, 3421, 318-326, Springer (WoS)
Book
- Zhang C. (2011), Stochastic Differential Equations Driven by Lévy Processes: Numerical Weak Approximation, LAP LAMBERT Academic Publishing, ISBN-10: 3847306057, ISBN-13: 978-3847306054
Others
- Borneo–A Future Gem of Asia-Pacific, the 33rd Annual Pan-Pacific Conference, Miri, Malaysia, May 2016
Talks
- Weak Euler Approximation for Stochastic Differential Equations, Mathematics Seminar, School of Economic Mathematics, Southwestern University of Finance and Economics, Chengdu, China, Jun 2019
- Market Making under Uncertainty, Research Seminar, Department of Finance and Banking, Curtin University Malaysia, Miri, Malaysia, Sep 2018
- Hawkes-Based Models for High Frequency Financial Data, Research Seminar, Department of Finance and Banking, Curtin University Malaysia, Miri, Malaysia, Aug 2018
- Switching-Regime Regression for Euro-USD Exchange Rate, the 24th EBES Conference, Bangkok, Thailand, Jan 2018
- Switching-Regime Regression for Deciphering Investors’ Behavior, Research Seminar, Department of Finance and Banking, Curtin University Malaysia, Miri, Malaysia, Sep 2017
- Unique Shortest Path Routing: Models and Algorithms (Keynote), 2017 International Conference on Electronic Industry and Automation, Suzhou, China, Jun 2017
- Modeling Unique Shortest Path Routing, the International Conference on Control, Optimization and Differential Equations, Putrajaya, Malaysia, Jan 2017
- Borneo–A Future Gem of Asia-Pacific, the 33rd Annual Pan-Pacific Conference, Miri, Malaysia, May 2016
- Rate of Convergence of Weak Euler Approximation for Nondegenerate SDEs Driven by Lévy Processes, International Summer Academy 2012 on Advanced Stochastic Methods to Model Risk, University of Ulm, Ulm, Germany, Sep 2012
- Rate of Convergence of Euler Approximation for SDEs Driven by Lévy Processes, Financial Mathematics Seminar, Department of Mathematics, Uppsala University, Uppsala, Sweden, Sep 2012
- Rate of Convergence of Weak Euler Approximation for Nondegenerate Itô Diffusion and Jump Processes, 2012 Joint Mathematics Meetings, Boston, USA, Jan 2012
- A Hybrid Model for Unique Shortest-Path Routing, the 6th International Congress on Industrial and Applied Mathematics (ICIAM 2007), Zurich, Switzerland, Jul 2007
- Redundancy Generation Strategy in Solving a Class of MIP Problems Using Benders Decomposition Method, INFORMS Annual Meeting 2006, Pittsburgh, USA, Nov 2006
- Comparison on Objective Functions of the Unique Shortest Path Routing Problem, the 8th INFORMS Telecommunications Conference, Dallas, USA, Mar 2006
- Two Mathematically Equivalent Models of the Unique-Path OSPF Weight Setting Problem, the 4th International Conference on Networking (ICN 2005), Reunion Island, Apr 2005
Refereeing
- Afro-Asian Journal of Finance and Accounting (ABDC: C)
- Annals of Operations Research (ABDC: A; WoS)
- Discrete Applied Mathematics (WoS) (For Mathematical Reviews)
- European Journal of Operational Research (ABDC: A*; WoS) (For Mathematical Reviews)
- International Journal of Operational Research (ABDC: C) (For Mathematical Reviews)
- Journal of Industrial & Management Optimization (ABDC: B; WoS) (For Mathematical Reviews)
- Journal of the Operational Research Society (ABDC: A; WoS)
- Networks (WoS) (For Mathematical Reviews)
- Operations Research (ABDC: A*; WoS) (For Mathematical Reviews)
- Optimization Methods and Software (WoS) (For Mathematical Reviews)
Memberships
- Eurasia Business and Economics Society
- The Econometric Society
Extracurricular
- TMBT Ultra Trail Marathon 2019, 30km, Kota Belud and Ranau, Malaysia, Sep 14th, 2019
- Miri Marathon 2019, 42.195km, Miri, Malaysia, Mar 17th, 2019
- Canada Hill Survival 2019, 12.6km, Miri, Malaysia, Jan 6th, 2019
