Enterprise risk management is the discipline that governs the integrated management of the aggregate risks for a given firm with consideration for its strategic and organizational context. The authors present, in three installments, a case study on developing and implementing a stochastic...

Enterprise risk management has been defined as the strategy that aligns the firm's business with the risk factors of its environment in the pursuit of strategic objectives. Mathematical models will always be part of enterprise risk management. By means of a case study, we discuss why it is...