Revenue management in sports, live entertainment and arts

The purpose of this special issue is to stimulate, advance and broaden the theoretical, empirical, and case study analysis of Revenue Management within sports, live entertainment and arts

Revenue Maximization Using Product Bundling

Product bundling is a business strategy that packages (either physically or logically), prices and sells groups of two or more distinct products or services as a single economic entity. This practice exploits variations in the reservation prices and the valuations of a bundle vis-à-vis its constituents. Bundling is an effective instrument for price discrimination, and presents opportunities for enhancing revenue without increasing resource availability. However, optimal bundling strategies are generally difficult to derive due to constraints on resource availability, product valuation and pricing relationships, the consumer purchase process, and the rapid growth of the number of possible alternatives.This dissertation investigates two different situations—vertically differentiated versus independently valued products—and develops two different approaches for revenue maximization opportunities using product bundling, when resource availability is limited. For the vertically differentiated market with two products, such as the TV market with prime time and non-prime time advertising, we derive optimal policies that dictate how the seller (that is, the broadcaster) can manage their limited advertising time inventories. We find that, unlike other markets, the revenue maximizing strategy may be to offer only the bundle, only the components, or various combinations of the bundle and the components. The optimality of these strategies critically depends on the availability of the two advertising time resources. We also show how the network should focus its programming quality improvement efforts, and investigate how the "value of bundling," defined as the network's and the advertisers' benefit from bundling, changes as the resource availabilities change. We then propose and study a bundling model for the duopolistic situation, and extend the results from the monopolistic to the duopolistic case.For the independently valued products, we develop stochastic mathematical programming models for pricing bundles of n components. Specializing this model for two components in a deterministic setting, we derive closed-form optimal product pricing policies when the demand functions are linear. Using the intuition garnered from these analytical results, we then investigate two procedures for solving large-scale problems: a greedy heuristic, and a decomposition method. We show the effectiveness of both methods through computational experiments

Calcium signaling in interstitial cells: focus on telocytes

In this review, we describe the current knowledge on calcium signaling pathways in interstitial cells with a special focus on interstitial cells of Cajal (ICCs), interstitial Cajal-like cells (ICLCs), and telocytes. In detail, we present the generation of Ca(2+) oscillations, the inositol triphosphate (IP\u2083)/Ca(2+) signaling pathway and modulation exerted by cytokines and vasoactive agents on calcium signaling in interstitial cells. We discuss the physiology and alterations of calcium signaling in interstitial cells, and in particular in telocytes. We describe the physiological contribution of calcium signaling in interstitial cells to the pacemaking activity (e.g., intestinal, urinary, uterine or vascular pacemaking activity) and to the reproductive function. We also present the pathological contribution of calcium signaling in interstitial cells to the aortic valve calcification or intestinal inflammation. Moreover, we summarize the current knowledge of the role played by calcium signaling in telocytes in the uterine, cardiac and urinary physiology, and also in various pathologies, including immune response, uterine and cardiac pathologies

Six-Month Outcome of Transient Ischemic Attack and Its Mimics

Background and Objective: Although the risk of recurrent cerebral ischemia is higher after a transient ischemic attack (TIA), there is limited data on the outcome of TIA mimics. The goal of this study is to compare the 6-month outcome of patients with negative and positive diffusion-weighted imaging (DWI) TIAs (DWI-neg TIA vs. DWI-pos TIA) and also TIA mimics. Methods: We prospectively studied consecutive patients with an initial diagnosis of TIA in our tertiary stroke centers in a 2-year period. Every included patient had an initial magnetic resonance (MR) with DWI and one-, three-, and six-month follow-up visits. The primary outcome was defined as the composition of intracerebral hemorrhage, ischemic stroke, TIA, coronary artery disease, and death. Results: Out of 269 patients with the initial diagnosis of TIA, 259 patients (mean age 70.5 ± 15.0 [30–100] years old, 56.8% men) were included in the final analysis. Twenty-one (8.1%, 95% confidence interval [CI] 5.1-12.1%) patients had a composite outcome event within the six-month follow-up. Five (23.8%) and 13 (61.9%) composite outcome events occurred in the first 30 and 90 days, respectively. Among patients with DWI-neg TIA, the one- and six-month ischemic stroke rate was 1.5 and 4.6%, respectively. The incidence proportion of composite outcome event was significantly higher among patients who had the diagnosis of DWI-neg TIA compared with those who had the diagnosis of TIA mimics (12.2 vs. 2.1%—relative risk 5.9; 95% CI, 1.4–25.2). In our univariable analysis among patients with DWI-neg TIA and DWI-pos TIA, age (P = 0.017) was the only factor that was significantly associated with the occurrence of the composite outcome. Conclusion: Our study indicated that the overall six-month rate of the composite outcome among patients DWI-neg TIA, DWI-pos TIA, and TIA mimics were 12.2, 9.7, and 2.1%, respectively. Age was the only factor that was significantly associated with the occurrence of the composite outcome

A predictive analytics model for differentiating between transient ischemic attacks (TIA) and its mimics

Transient ischemic attack (TIA) is a brief episode of neurological dysfunction resulting from cerebral ischemia not associated with permanent cerebral infarction. TIA is associated with high diagnostic errors because of the subjective nature of findings and the lack of clinical and imaging biomarkers. The goal of this study was to design and evaluate a novel multinomial classification model, based on a combination of feature selection mechanisms coupled with logistic regression, to predict the likelihood of TIA, TIA mimics, and minor stroke

Microbiological efficiency tests of the cosmetic tools disinfection procedures

In the last decade, the cosmetic industry has experienced a massive development, but there have also been issues related to their influence on the health of the population. The application methods of the cosmetic products could trigger the appearance of the skin infectious, which raise the need for efficient disinfection processes of the cosmetic products. At the present, the economic operators in the field of cosmetics are guided by medical regulations, but, unfortunately there are not standardized procedure for the application and control of disinfection. The aim of this study was to determine an efficient procedure of disinfection for instruments used in the application of cosmetics such as the beauty blender. There were performed two different disinfection procedures, a chemical disinfection using 70% ethanol and a physical disinfection with UV radiation. The influence of foundation on disinfection procedures was also tested. A standardized S. aureus and a S. haemolyticus bacterium from a human abscess were tested and an antibiotic resistance pattern was also analyzed. The disinfection efficiency tests showed that the ethanol solution was effective after 5 minutes, decreasing the S. haemolyticus bacterial density by 50% in the absence of foundation. In the presence of the foundation, this process was no longer efficient, foundation having a possible protection and nutritional role for bacteria. The radiation with UV at 265 nm showed a complete eradication of both bacterial strains after 1 minute, regardless of foundation presence or not. The antibiotic susceptibility tested showed that both strains had the natural penicillin resistance

Evaluating the ecotoxicity of different pharmaceuticals using Aliivibrio fischeri bioassays

An endless list of companies have produced a large amount of pharmaceutical compounds in a year-on-year growth trend. Due to the excessive consumption of these substances and the inappropriate disposal, the environment was contaminated, especially aquatic ecosystems, with quantities of pharmaceuticals (PHACs) so that they have affected the living organisms, leading to decreased biodiversity and ecological degradation. Many studies on PHACs environmental presence and toxic effects were performed, but unfortunately, no limit was establish for discharging into environment, especially into the aquatic systems. The aim of this study was to use the bioluminescence of Aliivibrio fischeri bacteria as an indicator of toxically effect of different PHACs in simulated marine medium. The Microtox® bioassay is based on the PHACs inhibitory effect on the metabolism of bacteria which induced changes in their bacterial bioluminescence. The test organisms were exposed to analgesics and anti-inflammatories such as Diclofenac, Ketoprofen, Naproxen and Ibuprofen. The results showed that based on EC50 values, Naproxen had a very low toxicity but Diclofenac, Ketoprofen and Ibuprofen had a harmful effect on the aquatic organisms

Six-Month Outcome of Transient Ischemic Attack and Its Mimics

Background and Objective: Although the risk of recurrent cerebral ischemia is higher after a transient ischemic attack (TIA), there is limited data on the outcome of TIA mimics. The goal of this study is to compare the 6-month outcome of patients with negative and positive diffusion-weighted imaging (DWI) TIAs (DWI-neg TIA vs. DWI-pos TIA) and also TIA mimics.Methods: We prospectively studied consecutive patients with an initial diagnosis of TIA in our tertiary stroke centers in a 2-year period. Every included patient had an initial magnetic resonance (MR) with DWI and one-, three-, and six-month follow-up visits. The primary outcome was defined as the composition of intracerebral hemorrhage, ischemic stroke, TIA, coronary artery disease, and death.Results: Out of 269 patients with the initial diagnosis of TIA, 259 patients (mean age 70.5 ± 15.0 [30–100] years old, 56.8% men) were included in the final analysis. Twenty-one (8.1%, 95% confidence interval [CI] 5.1-12.1%) patients had a composite outcome event within the six-month follow-up. Five (23.8%) and 13 (61.9%) composite outcome events occurred in the first 30 and 90 days, respectively. Among patients with DWI-neg TIA, the one- and six-month ischemic stroke rate was 1.5 and 4.6%, respectively. The incidence proportion of composite outcome event was significantly higher among patients who had the diagnosis of DWI-neg TIA compared with those who had the diagnosis of TIA mimics (12.2 vs. 2.1%—relative risk 5.9; 95% CI, 1.4–25.2). In our univariable analysis among patients with DWI-neg TIA and DWI-pos TIA, age (P = 0.017) was the only factor that was significantly associated with the occurrence of the composite outcome.Conclusion: Our study indicated that the overall six-month rate of the composite outcome among patients DWI-neg TIA, DWI-pos TIA, and TIA mimics were 12.2, 9.7, and 2.1%, respectively. Age was the only factor that was significantly associated with the occurrence of the composite outcome