Space Studies master’s student, Michael Jude, will give his thesis proposal presentation as follows. All Space Studies students and faculty are encouraged to attend.
When: Wednesday, June 28th at 11:00 am
Where: Clifford Hall, room 521 – Space Studies Conference Room (note different location)
Title: Risk Assessment of Space Mining Ventures using Monte Carlo Simulation
About the topic: Space mining ventures are starting to capture the public’s attention. Promises of great wealth to be had from asteroids have made the headlines of the popular press and served to fuel an increasing number of articles in peer-reviewed journals. The recent announcement that NASA will be sending a probe to 16 Psyche led to the pronouncement that the asteroid was worth $10,000 quadrillion: nearly $1.5 billion for every man, woman and child on Earth. Yet, is space mining actually a reasonable business proposition worthy of investment? Answering this question depends on being able to evaluate the risk involved in space mining: something that has been hard to do with all of the hyperbola. This project seeks to apply a type of decision modeling based on Monte Carlo simulation to assess the risk inherent in a well-articulated space mining business case.
About the presenter: Mike Jude is a research manager for a large consulting and market analysis company, Frost & Sullivan, where he is responsible for the consumer communication services and big data and analytics practices. He has spent nearly thirty years in the telecommunications and IT industries and has a Ph.D. in decision support.
This presentation will not be webcast.