The Football Team Composition Problem: A Stochastic Programming approach
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The Football Team Composition Problem : A Stochastic Programming approach. / Pantuso, Giovanni.
I: Journal of Quantitative Analysis in Sports, Bind 13, Nr. 3, 26.09.2017, s. 113-129.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - The Football Team Composition Problem
T2 - A Stochastic Programming approach
AU - Pantuso, Giovanni
PY - 2017/9/26
Y1 - 2017/9/26
N2 - Most professional European football clubs are well-structured businesses. Therefore, the financial performance of investments in players becomes crucial. In this paper, after the problem is discussed and formalized, an optimization model with the objective of maximizing the expected value of the team is presented. The model ensures that the team has the required mix of skills, that competition regulations are met, and that budget limits are respected. The model explicitly takes into account the uncertainty in the career development of football players. A case study based on the English Premier League is presented. Our results show that the model has significant potential to improve current decisions ensuring a steady growth of the value of the team. The team value growth reported is particularly driven by investments in young prospects.
AB - Most professional European football clubs are well-structured businesses. Therefore, the financial performance of investments in players becomes crucial. In this paper, after the problem is discussed and formalized, an optimization model with the objective of maximizing the expected value of the team is presented. The model ensures that the team has the required mix of skills, that competition regulations are met, and that budget limits are respected. The model explicitly takes into account the uncertainty in the career development of football players. A case study based on the English Premier League is presented. Our results show that the model has significant potential to improve current decisions ensuring a steady growth of the value of the team. The team value growth reported is particularly driven by investments in young prospects.
KW - soccer
KW - sports management
KW - stochastic programming
KW - team composition
U2 - 10.1515/jqas-2017-0030
DO - 10.1515/jqas-2017-0030
M3 - Journal article
VL - 13
SP - 113
EP - 129
JO - Journal of Quantitative Analysis in Sports
JF - Journal of Quantitative Analysis in Sports
SN - 1559-0410
IS - 3
ER -
ID: 189768246