scholarly journals Indirect Evolution and Aggregate-Taking Behavior in a Football League: Utility Maximization, Profit Maximization, and Success

Games ◽  
2019 ◽  
Vol 10 (2) ◽  
pp. 22 ◽  
Author(s):  
Aloys L. Prinz
Keyword(s):  
Utility Function ◽  
Evolutionarily Stable Strategy ◽  
Profit Maximization ◽  
Evolutionary Model ◽  
For Profit ◽  
Second Stage ◽  
Indirect Evolution ◽  
European Football ◽  
Sports Leagues ◽  
Open Question

An evolutionary model of European football was applied to analyze a two-stage indirect evolution game in which teams choose their utility function in the first stage, and their optimal talent investments in the second stage. Given the second-stage optimal aggregate-taking strategy (ATS) of talent investment, it was shown that teams may choose a mix of profit or win maximization as their objective, where the former is of considerably higher relevance with linear weights for profits, and is more successful in the utility function. With linear weights for profit and win maximization, maximizing profits is the only evolutionarily stable strategy (ESS) of teams. The results change if quadratic weights for profits and wins are employed. With increasing talent productivity, win maximization dominates in the static and in the dynamic versions of the model. As a consequence, it is an open question whether the commercialization of football (and other sports) leagues will lead to more profit or win maximization.

From Homophonic to Polyphonic Organization: European Team Sports Clubs in Transformation

2010 ◽  
Vol 19 (5-6) ◽  
pp. 93-120 ◽  
Author(s):  
Rasmus Storm
Keyword(s):  
Profit Maximization ◽  
Team Sports ◽  
Professional Sports ◽  
Complex Situation ◽  
Sports Clubs ◽  
For Profit ◽  
Cultural Aspects ◽  
Football Clubs ◽  
European Football ◽  
Spectator Attendance

From Homophonic to Polyphonic Organization: European Team Sports Clubs in Transformation Several European sports - especially association football - have rapidly evolved from amateur status into high-income professional sports in the last two decades or so. During this development the scope and objectives of the clubs have been broadened as the clubs to a growing degree serve several concurrent goals such as striving for profit maximization, a high winning percent, fan loyalty, spectator attendance and TV viewers, coupled with satisfying demands from the environment for various kinds of community engagement and sometimes even social or cultural aspects. Taking this development as its point of departure, this paper aims at deploying a theoretical framework capable of better understanding the objectives of European football clubs as they have developed into a complex situation of professionalism. This is done by deploying a systems theoretical approach, thus regarding the clubs as evolving from homophonic towards polyphonic organization.

Measuring the effects of tourists’ relative willingness to spend and third-degree price discrimination on inbound tourism expenditure differentials

2021 ◽  
pp. 135481662110300
Author(s):  
Usamah F Alfarhan ◽  
Khaldoon Nusair ◽  
Hamed Al-Azri ◽  
Saeed Al-Muharrami ◽  
Nan Hua
Keyword(s):  
Price Discrimination ◽  
Profit Maximization ◽  
Tourism Industry ◽  
Theoretical Argument ◽  
Total Expenditure ◽  
Conditional Quantile ◽  
For Profit ◽  
Inbound Tourism ◽  
Tourism Expenditure ◽  
Quantile Estimates

Tourism expenditures are determined by a set of antecedents that reflect tourists’ willingness and ability to spend, and de facto incremental monetary outlays at which willingness and ability is transformed into total expenditures. Based on the neoclassical theoretical argument of utility-constrained expenditure minimization, we extend the current literature by applying a sustainability-based segmentation criterion, namely, the Legatum Prosperity IndexTM to the decomposition of a total expenditure differential into tourists’ relative willingness to spend and an upper bound of third-degree price discrimination, using mean-level and conditional quantile estimates. Our results indicate that understanding the price–quantity composition of international inbound tourism expenditure differentials assists agents in the tourism industry in their quest for profit maximization.

scholarly journals Impact of emission trading and renewable energy support scheme on the optimality of generator side bidding

2020 ◽  
Vol 167 ◽  
pp. 05008 ◽  
Author(s):  
A Arya ◽  
SPS Mathur ◽  
M Dubey
Keyword(s):  
Renewable Energy ◽  
Ghg Emissions ◽  
Profit Maximization ◽  
Emission Trading ◽  
Pso Algorithm ◽  
Optimization Method ◽  
Developed Countries ◽  
Test System ◽  
For Profit ◽  
System Operator

As a major Green House Gases (GHG) producer, CO2 in particular, the electricity industry’s emissions have turned in to a matter of immense concern in many countries, especially in India. India’s economy and fast economic development has attracts the attention of the world. Emission trading schemes (ETS) and renewable energy support schemes (RESS) are implemented by the various developed countries to alleviate the affect of GHG emissions. In this paper, an optimization based market simulation approach is proposed with the consideration of emission trading schemes and renewable support schemes. To simulate the bidding strategy and for profit maximization, a particle swarm optimization (PSO) algorithm is used. As above problem is a multi-objective optimization problem, Where, in the first level each Genco submit the bid to the independent system operator and in the next level a optimization method is used for the determination of optimal bidding with the implementation of emission trading schemes and renewable support schemes. It is assumed that each generator should submit bid as a price taker’s in sealed auction based on pay-as-bid market clearing price mechanism. The practicability of proposed optimization method is checked by an IEEE-30 bus test system consists of six suppliers.

Ride service outsourcing for profit maximization

2009 ◽  
Vol 45 (1) ◽  
pp. 138-148 ◽  
Author(s):  
Yihua Li ◽  
Xiubin Wang ◽  
Teresa M. Adams
Keyword(s):  
Profit Maximization ◽  
Service Outsourcing ◽  
For Profit

scholarly journals Overcoming the Problem With Solving Business Problems: Using Theory Differently to Rejuvenate the Case Method for Turbulent Times

2020 ◽  
Author(s):  
Todd Bridgman ◽  
C McLaughlin ◽  
Stephen Cummings
Keyword(s):  
Management Education ◽  
Profit Maximization ◽  
Case Method ◽  
Core Element ◽  
Capitalist System ◽  
For Profit ◽  
Not For Profit ◽  
Turbulent Times ◽  
Business As Usual ◽  
Critical Questioning

© 2018, The Author(s) 2018. A questioning of the neoliberal consensus in the global economic order is creating turbulence in Western democracies. Long regarded as the only viable capitalist model, neoliberalism is now subjected to increasing scrutiny. Management education that has been aligned to a neoliberal worldview must now respond to this shifting landscape in order to retain its legitimacy. One core element of management education undergoing revision as a result is the case method of teaching. The case method’s traditionally narrow focus on training students to solve business problems is increasingly problematic in an environment where the structure of the capitalist system in which firms operate is now a topic of debate. To address this, we argue for a reconceptualization of the case method’s relationship with theory. This has conventionally taken two forms: a hostility to any inclusion of theory in the analytical process and an approach that uses theory as an instrument for profit maximization. We propose an alternative third approach that encourages students to engage in a critical questioning of business-as-usual capitalism from the perspective of multiple stakeholders, including managers, employees, unions, not-for-profit organizations, government, and the natural environment.

COMP: Online Control Mechanism for Profit Maximization in Privacy- Preserving Crowdsensing

2020 ◽  
Vol 38 (7) ◽  
pp. 1614-1628 ◽  
Author(s):  
Yang Liu ◽  
Tong Feng ◽  
Mugen Peng ◽  
Zhongbai Jiang ◽  
Zhiyuan Xu ◽  
...  
Keyword(s):  
Control Mechanism ◽  
Profit Maximization ◽  
Online Control ◽  
Privacy Preserving ◽  
For Profit
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