Economic Optimization of Innovation & Risk

A Theory of Crash Rate for Private & Public Projects with Critical or non-Critical systems.

Analyzing & managing risk has been a quest for 5000 years, and is essential to everything from water supplies, finance, and agriculture to computers and space travel. At last there is a quantitative theory and a simple equation that allows you to:

- choose your failure rate
- get there optimally
- avoid unexpected effects
- profit where the competition fails

Work a project example based on real-world data to manage the risk of a for-profit 10-passenger transport to an orbital tourism facility.

Examine possibilities for managing the crash rate of countries and even the world.