Revenue and Wealth Maximization in the National Football League: The Impact of Stadia

The opening of the Palace of Auburn Hills, the SkyDome, and Oriole Park at Camden Yards led to the beginning of a construction boom in professional sport. In the National Football League (NFL) alone, 26 stadiums have been built or renovated in the past 10 years. Due to the additional revenue generated by these facilities and the NFL’s current revenue sharing system, professional football franchises are building new stadia for economic reasons rather than to replace unusable or unsafe facilities. The purpose of this study was to determine if a significant difference in net revenue change existed for NFL teams that moved into a new facility and to determine if there was a significant change in valuation for these franchises. The findings indicated that new stadia significantly increase revenue and franchise value in the NFL; therefore, the primary goal of every firm, wealth maximization, is met for teams after opening a new facility.football; NFL; stadium; revenue; honeymoon

Pharmacy Student-Led Evaluation of Patient Willingness for Smoking Cessation Utilizing Various Smoking Cessation Methods

Purpose: The ever-growing variety of methods available for smoking cessation have the potential to lead to confusion influencing a patient’s willingness to quit smoking. The aim of this study is to investigate if a change in patient motivation and product preference has occurred after receiving education on the various smoking cessation products Methods : An informative poster was created to highlight different smoking cessation methods .A questionnaire was developed to assess patient motivation to quit utilizing the ‘Readiness to Quit Ladder’ and patient experiences with or preference between various smoking cessation methods.1The poster was displayed in various pharmacy settings, including community pharmacies, ambulatory care clinics, and smoking cessation group visits. Motivation to quit was assessed prior to and following a brief educational discussion and presentation of the poster. Results and Discussion: Education on various methods of smoking cessation products did not significantly improve motivation to quit, likely due to the fact that patients included in the study presented high motivation at baseline. The majority of patients had made previous attempts to quit smoking in the past, and the nicotine replacement patch was used more often than other smoking cessation methods. Following education a greater number of patients were likely to use prescription smoking cessation methods. Patients were reluctant to discuss their smoking habits and previous attempts quitting. There was limited participation in the survey in the community pharmacy setting. This may be due to unease or aversion to discuss the topic in a public space or due to people’s limited experiences in having clinical conversations in a community pharmacy setting

Variable Ticket Pricing in Major League Baseball

Sport teams historically have been reluctant to change ticket prices during the season. Recently, however, numerous sport organizations have implemented variable ticket pricing in an effort to maximize revenues. In Major League Baseball variable pricing results in ticket price increases or decreases depending on factors such as quality of the opponent, day of the week, month of the year, and for special events such as opening day, Memorial Day, and Independence Day. Using censored regression and elasticity analysis, this article demonstrates that variable pricing would have yielded approximately $590,000 per year in additional ticket revenue for each major league team in 1996, ceteris paribus. Accounting for capacity constraints, this amounts to only about a 2.8$1.4 million in revenue. The largest percentage revenue gain would have been the San Francisco Giants. The Giants would have seen an estimated 6.7% increase in revenue had they used optimal variable pricing

Smart Grid-aware scheduling in data centres

© 2016 In several countries the expansion and establishment of renewable energies result in widely scattered and often weather-dependent energy production, decoupled from energy demand. Large, fossil-fuelled power plants are gradually replaced by many small power stations that transform wind, solar and water power into electrical power. This leads to changes in the historically evolved power grid that favours top-down energy distribution from a backbone of large power plants to widespread consumers. Now, with the increase of energy production in lower layers of the grid, there is also a bottom-up flow of the grid infrastructure compromising its stability. In order to locally adapt the energy demand to the production, some countries have started to establish Smart Grids to incentivise customers to consume energy when it is generated. This paper investigates how data centres can benefit from variable energy prices in Smart Grids. In view of their low average utilisation, data centre providers can schedule the workload dependent on the energy price. We consider a scenario for a data centre in Paderborn, Germany, hosting a large share of interruptible and migratable computing jobs. We suggest and compare two scheduling strategies for minimising energy costs. The first one merely uses current values from the Smart Meter to place the jobs, while the other one also estimates the future energy price in the grid based on weather forecasts. In spite of the complexity of the prediction problem and the inaccuracy of the weather data, both strategies perform well and have a strong positive effect on the utilisation of renewable energy and on the reduction of energy costs. This work improves and extends the paper of the same title published on the SustainIT conference (Mäsker et al., 2015). While that paper puts more emphasis on the utilisation of green energy, the new algorithms find a better balance between energy costs and turnaround time. We slightly alter the scenario using a more realistic multi-queue batch system and improve the scheduling algorithms which can be tuned to prioritise turnaround time or green energy utilisation

Impact of the invasive rust Puccinia psidii (myrtle rust) on native Myrtaceae in natural ecosystems in Australia

The invasive rust Puccinia psidii (myrtle rust) was detected in Australia in 2010 and is now established along the east coast from southern New South Wales to far north Queensland. Prior to reaching Australia, severe damage from P. psidii was mainly restricted to exotic eucalypt plantations in South America, guava plantations in Brazil, allspice plantations in Jamaica, and exotic Myrtaceous tree species in the USA; the only previous record of widespread damage in native environments is of endangered Eugenia koolauensis in Hawai’i. Using two rainforest tree species as indicators of the impact of P. psidii, we report for the first time severe damage to endemic Myrtaceae in native forests in Australia, after only 4 years’ exposure to P. psidii. A 3-year disease exclusion trial in a natural stand of Rhodamnia rubescens unequivocally showed that repeated, severe infection leads to gradual crown loss and ultimately tree mortality; trees were killed in less than 4 years. Significant (p < 0.001) correlations were found between both incidence (r = 0.36) and severity (r = 0.38) of P. psidii and subsequent crown loss (crown transparency). This provided supporting evidence to conclude a causal association between P. psidii and crown loss and tree mortality in our field assessments of R. rubescens and Rhodomyrtus psidioides across their native range. Assessments revealed high levels of damage by P. psidii to immature leaves, shoots and tree crowns—averaging 76 % (R. rubescens) and 95 % (R. psidioides) crown transparency—as well as tree mortality. For R. psidioides, we saw exceptionally high levels of tree mortality, with over half the trees surveyed dead and 40 % of stands with greater than 50 % tree mortality, including two stands where all trees were dead. Tree mortality was less prevalent for R. rubescens, with only 12 % of trees surveyed dead and two sites with greater than 50 % mortality. Any alternative causal agents for this tree mortality have been discounted. The ecological implications of this are unclear, but our work clearly illustrates the potential for P. psidii to negatively affect Australia’s biodiversity

Revenue and Wealth Maximization in the National Football League: The Impact of Stadia

The opening of the Palace of Auburn Hills, the SkyDome, and Oriole Park at Camden Yards led to the beginning of a construction boom in professional sport. In the National Football League (NFL) alone, 26 stadiums have been built or renovated in the past 10 years. Due to the additional revenue generated by these facilities and the NFL’s current revenue sharing system, professional football franchises are building new stadia for economic reasons rather than to replace unusable or unsafe facilities. The purpose of this study was to determine if a significant difference in net revenue change existed for NFL teams that moved into a new facility and to determine if there was a significant change in valuation for these franchises. The findings indicated that new stadia significantly increase revenue and franchise value in the NFL; therefore, the primary goal of every firm, wealth maximization, is met for teams after opening a new facility

Conference of Microelectronics Research 2000

https://scholarworks.rit.edu/meec_archive/1009/thumbnail.jp

Algorithms for Olfactory Search across Species

Localizing the sources of stimuli is essential. Most organisms cannot eat, mate, or escape without knowing where the relevant stimuli originate. For many, if not most, animals, olfaction plays an essential role in search. While microorganismal chemotaxis is relatively well understood, in larger animals the algorithms and mechanisms of olfactory search remain mysterious. In this symposium, we will present recent advances in our understanding of olfactory search in flies and rodents. Despite their different sizes and behaviors, both species must solve similar problems, including meeting the challenges of turbulent airflow, sampling the environment to optimize olfactory information, and incorporating odor information into broader navigational systems