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.
