APPLICATION OF MATHEMATICS AND COMPUTATION TO FIELD OF ECONOMICS AND BUSINESS WITH ENTERPRISE RISK MANAGEMENT AS A CASE STUDY

This contribution shows application of Computational Mathematics to Risk Management of an Business in an Economy. In particular it shows how Enterprise Risk Management can get benefitted by Computational Mathematics Approaches. Elementary Mathematics Linear Algebra also called Matrix Algebra along withelementary Mathematics Set Theory are used along with Python, NumPy and Pandas are used to show Applications of Computational Mathematics to Enterprise Risk Management of Business in Economy capturing four traits of Enterprise viz. Risk Impact, Risk Probability, Macro Economic Factors and Micro Economic Factors