Abstract: A novel approach is proposed as a framework for working out uncertainties associated with decisions between the choices of leasing and procurement of capital assets in a manufacturing industry. The mathematical concept of the tool is discussed while the technique adopted is much simpler to implement and initialize. The codes were developed in Java-programming language and text-run and executed on a computer system running on Windows 7 operating system. This was done in order to solve a model that illustrates a case study in actuarial mathematics. Meanwhile the solution obtained proves to be stable and proffers to suit the growing frenzy for software for similar recurring cases in business. In addition, it speeds up the computational results. The results obtained using the empirical method is compared with the output and adjudged excellent in terms of accuracy and adoption.

A. D. Chinedu and A.B.Adeoye, “Java Based Computer Algorithms for the Solution of a Business Mathematics Model” International Journal of Advanced Computer Science and Applications(IJACSA), 5(10), 2014. http://dx.doi.org/10.14569/IJACSA.2014.051016

@article{Chinedu2014,
title = {Java Based Computer Algorithms for the Solution of a Business Mathematics Model},
journal = {International Journal of Advanced Computer Science and Applications},
doi = {10.14569/IJACSA.2014.051016},
url = {http://dx.doi.org/10.14569/IJACSA.2014.051016},
year = {2014},
publisher = {The Science and Information Organization},
volume = {5},
number = {10},
author = {A. D. Chinedu and A.B.Adeoye}
}