Value of Information in Asteroid Defense Decision | Detection Device | Expected Net Cost
In the astronomical decision-making of Asteroid Defense system, a detection device, if developed, can provide valuable information. This value can be monetized to decide if it is more than it development cost. This can allow use to decide if to develop the detection device or not.
It also includes numerical examples.
• My focus is on ‘Economic Interpretation’ so you understand ‘Economic Meaning’ which will enable you for ‘Economic Applications’ .
• At the end you’ll get the summary of key-points of the topic.
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Regards, DBM,
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