ANALYSIS OF THE TECHNIQUE OF MINIMIZATION OF THE UNCERTAINTIES IN BUSINESS AND SENSITIVITY STUDY FOR THE OPTIMUM PERFORMANCE OF A FIRM

Abstract

The studies related to the uncertainties in business have become the latest debate in the corporate world, and seeing its importance; it has been technically discussed and presented in this paper. The Theory and Modeling for the uncertainties in business have been given in the analytical form. The risk analysis and sensitivity analysis have been analytically discussed. The role of the probability model on the CDS to be looked after by the Administrator especially during uncertainty has been mathematically explained. The effects of uncertainties on business have also been discussed. The paper is expected to be useful to the new entrants in the field and also the senior business managers.