Optimal Strategies in Sports Economics and Management

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Sergiy Butenko, Jaime Gil-Lafuente, Panos M. Pardalos
Springer Science & Business Media, Aug 25, 2010 - Business & Economics - 215 pages
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During the last century, we have witnessed the birth and evolution of sport as an economic activity, which has created jobs on the one hand, but also problems of management on the other. This process has not been immune from the parti- lar characteristics associated with sport, typically united here more than in other activities: technique, physical effort, entertainment and passion. And all this within a framework of ever-increasing consumption of ?nancial resources. It is not s- prising, therefore, that commonly-used economic models, based on mechanistic approaches, do not provide a viable solution to increasingly complex and incre- ingly frequent problems. Any attempt to apply such an approach in this technical, economic and ?nancial context can only result in failure. The high degree of subj- tivity inherent in sporting activity requires new tools, in which remodeled conc- tual, theoretical and technical elements should play an important role. Complexity, uncertainty and subjectivity are therefore basic to understand, and deal with, the phenomenon of sport. The necessity of resorting to these elements was identi?ed over a quarter of a century ago by a small group of professors and researchers at the University of Barcelona. Together we started the ?rst postgraduate courses and organized se- nars to alert sports centre managers, as well as to make private and public organi- tions aware of the increasing importance of a proper, speci?c management for sports organizations.
 

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Contents

Affinity in the Selection of a Player
1
Game Systems in Team Sports
15
The Impact of the Global Financial Crisis on Sport in North America
39
Managing and Modeling the Combination of Resources in Professional Sporting Events
59
Governance and Sporting Success of Top 20 Football Clubs After Economic Crisis
87
A Preliminary Look at Arena Discourse in Edmonton Canada
97
A Complex Network Approach to Crisis Recovering in Sport Applications
125
A Study of Fairness in Fourball Golf Competition
143
Can Subsidies Help Buy Success? Revenue Sharing in English Football
171
Commercial Football and the Economic Cycle
187
A Multistage Stochastic Programming Approach to American Jai Alai Gambling Strategies
199
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