Foundations of mathematics play the baseline for data exploring, forecasting and analyzing of risks to get an economic decision

Gazi Farok and Soheil Homayoun

African Journal of Engineering Research
Published: June 26 2018
Volume 6, Issue 2
Pages 25-31
DOI: https://doi.org/10.30918/AJER.62.18.006

Abstract

‘Foundations of mathematics’ are the studies of philosophical and logical concepts. Functional like statistics, optimization, probability, queuing theory, control, game theory, modeling and operations research --- a field devoted entirely to the application of mathematics in decision making. The advances in and applications of the mathematical sciences in decision making have become drivers of innovation as new systems and methodologies to an aspect where, today of concerning the nature of ‘mathematics’ drives innovation as well as career.

Keywords: Mathematics, decision, economic, foundations, forecasting.

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