Optimal Strategies in Sports Economics and Management
This volume presents original contributions from renowned researchers in sports economics, management, and optimization.The book discusses up-to-date developments in several topics, including resource allocation strategies in sports industry, impact of th
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Sergiy Butenko · Jaime Gil-Lafuente · Panos M. Pardalos Editors
Optimal Strategies in Sports Economics and Management
Foreword by Jaime Gil-Aluja
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Editors Dr. Sergiy Butenko Texas A & M University Department of Industrial and Systems Engineering 236E Zachry Engineering Center College Station, TX 77843-3131 USA [email protected]
Prof. Dr. Jaime Gil-Lafuente University of Barcelona Department of Economics Av. Diagonal 690 08034 Barcelona Spain [email protected]
Prof. Panos M. Pardalos University of Florida Department of Industrial and Systems Engineering 303 Weil Hall P. O. Box 116595 Gainesville, FL 32611-6595 USA [email protected]
ISBN 978-3-642-13204-9 e-ISBN 978-3-642-13205-6 DOI 10.1007/978-3-642-13205-6 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2010930921 c Springer-Verlag Berlin Heidelberg 2010 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: WMXDesign GmbH, Heidelberg Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
To our families
O mother of gold-crowned contests, Olympia, queen of truth; where men that are diviners observing burnt-offerings make trial of Zeus the wielder of white lightnings, whether he hath any word concerning men who seek in their hearts to attain unto great prowess and a breathing-space from toil; for it is given in answer to the reverent prayers of men–do thou, O tree-clad precinct of Pisa by Alpheos, receive this triumph and the carrying of the crown. Pindar (522 BC – 443 BC) Greek lyric poet
Foreword
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 particular 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 financial resources. It is not surprising, therefore, that commonly-used economic models, based on mechanistic approaches, do not provide a viable solution to increasingly complex and increasingly frequent problems. Any attempt to apply such
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