We construct an improved version of nonrelativistic QCD for use in lattice
simulations of heavy quark physics, with the goal of reducing systematic errors
from all sources to below 10\%. We develop power counting rules to assess the
importance of the various operators in the action and compute all leading order
corrections required by relativity and finite lattice spacing. We discuss
radiative corrections to tree level coupling constants, presenting a procedure
that effectively resums the largest such corrections to all orders in
perturbation theory. Finally, we comment on the size of nonperturbative
contributions to the coupling constants.Comment: 40 pages, 2 figures (not included), in LaTe
