Maximizing performance with an eye on the finances: a chance-constrained model for football transfer market decisions

• G. Pantuso ^[1] ; L.M. Hvattum ^[2]
  1. [1] University of Copenhagen

     University of Copenhagen

     Dinamarca

     
  2. [2] Molde University College

     Molde University College

     Noruega

     
• Localización: Top, ISSN-e 1863-8279, ISSN 1134-5764, Vol. 29, Nº. 2, 2021, págs. 583-611
• Idioma: inglés
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• Resumen

  • Composing a team of professional players is among the most crucial decisions in association football. Nevertheless, transfer market decisions are often based on myopic objectives and are questionable from a financial point of view. This paper introduces a chance-constrained model to provide analytic support to club managers during transfer windows. The model seeks a top-performing team while adapting to different budgets and financial-risk profiles. In addition, it provides a new rating system that is able to numerically reflect the on-field performance of football players and thus contribute to an objective assessment of football players. The model and rating system are tested on a case study based on real market data. The data from the case study are available online for the benefit of future research.