We have used an improved model of the orbit and absolute magnitude distribution of Near Earth Objects (NEOs) to simulate the performance of asteroid surveys. Our results support general conclusions of previous studies using preliminary Near Earth Asteroid (NEA) orbit and magnitude distributions and suggest that meeting the Spaceguard Goal of 90% completion for Near Earth Objects (NEOs) greater than 1 km diameter by 2008 is impossible given contemporary surveying capabilities. The NEO model was derived from NEO detections by the Spacewatch Project. For this paper we developed a simulator for the Catalina Sky Survey (CSS) for which we had a complete pointing history and NEO detection efficiency. The good match between the output of the simulator and the actual CSS performance gives confidence that both the NEO model and simulator are correct. Then, in order to determine if existing surveys can meet the Spaceguard Goal, we developed a simulator to mimic the LINEAR survey, for which detailed performance characteristics were unavailable. This simulator serendipitously provided an estimate for the currently undiscovered population of NEOs upon which we base all our estimates of time to 90% completion. We also developed a set of idealized NEO surveys in order to constrain the best possible survey performance in contrast to more realistic systems. A 100% efficient, all-sky, every night survey, subject only to the constraints of detection above a specified air mass and when the Sun is 18° below the horizon provides a benchmark from which to examine the effect of imposing more restrictions and the efficacy of some simple survey strategies. Such a survey must have a limiting V-magnitude of 20.1 ± 0.2 to meet the Spaceguard Goal. More realistic surveys, limited by latitude, the galaxy, minimum rates of NEO motion, etc., require fainter limiting magnitudes to reach the same completion. Our most realistic simulations, which have been normalized to the performance of the LINEAR detector system’s operation in the period 1999–2000, indicate that it would take them another 33 ± 5 years to reach 90% completeness for the larger asteroids (≳1 km diameter). They would need to immediately increase the limiting magnitude to about 24 in order to meet the Spaceguard Goal. The simulations suggest that there may be little need for distributing survey telescopes in longitude and latitude as long as there is sufficient sky coverage from a telescope or network of telescopes which may be geographically close. An idealized space-based survey, especially from a satellite orbit much interior to Earth, would offer an advantage over their terrestrial counterparts. We do not consider a cost–benefit analysis for any of the simulations but suspect that a local-area network of telescopes capable of covering much of the sky in a month to V ∼ 21.5 may be administratively, financially, and scientifically the best compromise for reaching 90% completion of NEOs larger than 1 km diameter.
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