Turkey was struck by two major events on 17 August and 12 November 1999, named Izmit (M <Subscript>w</Subscript> = 7.4) and Düzce (M <Subscript>w</Subscript> = 7.2) earthquakes, respectively. Rubble mound breakwaters in Izmit Bay experienced little damage, as forecasted by the new risk assessment model in which tsunami occurrence risk...</subscript></subscript>

Service offerings are largely intangible in nature. Customers are thus unable to assess the purchase outcome prior to experience, rendering the risk of possible customer dissatisfaction very high. It is argued that the concept of service guarantees proposed by services management theory can be...

Prospect theory has changed the way economists think about decision making under uncertainty – yet after so many years there have been few applications of the theory and those appearing mostly in finance. One of the barriers to applying the prospect theory is that it is not designed to be...

The article deals with the fundamental methodological and theoretical ideas of market economy. The logical core of the market economy (ME) and its functioning is briefly described. From these logical bases of ME basic principles of its right functioning are deduced and from there is deduced how...