Economic Optimization of Innovation & Risk

by Robert Shuler

Overview

A Theory of Crash Rate for Private & Public Projects with Critical or non-Critical systems. Examine possibilities for managing the crash rate of countries and even the world. 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.

Product Details

BN ID:	2940151602730
Publisher:	Robert Shuler
Publication date:	03/02/2015
Sold by:	Barnes & Noble
Format:	eBook
File size:	4 MB

About the Author

Robert Shuler combines 42 years of aerospace & software fault tolerant systems design, verification and management with a knack for finding hidden principles. He has half a dozen patents and numerous publications in fields ranging from economics (corporate risk compensation, the equity premium) to physics (inertia & quantum gravity). He lives in Texas with his wife Natasha.