This paper focuses on the possible coalition formation in the Governing Council of the European Central Bank (ECB) over the period 2007-2011. In this way, we determine a priori monetary policy stance for each European members through the estimation of Taylor- type rule. Our results show that the...

Uncertainty is present in many decisions where an action's consequences are unknown because they depend on future events. Multi-attribute utility theory (MAUT) offers an axiomatic basis for choice, but practitioners may prefer to use simpler decision models for transparency, ease of use, or...

Economic evaluation of genetic technologies matters but the number of published studies is still rather low as to be widely used for most of the decisions in different jurisdictions across the EU. Further, the decision bodies across EU27 are fragmented and the responsibilities are located at...

Examining the explanatory power of Lindblom's muddling-through concept, the paper contributes to the literature on SMEs' internationalization processes by exploring the underlying rationality of decisions made. The conducted case study shows that whereas several of the studied firm's decision...

Condition-based maintenance (CBM) has been a research topic since 1975. It has been introduced as an alternative approach to enhance the effectiveness of preventive maintenance strategy. Currently, CBM research is growing rapidly. Compared with the traditional time-based maintenance approach,...

Natural disaster risk, a long-time concern in the insurance industry, is increasingly recognized as a present danger in the business strategies of risk control and enterprise management agencies. Floods and earthquakes can cause massive loss of life and infrastructure, resulting in business...