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Thread: Calculating the Ticket Price

  1. #1
    Newbie Todenpuhuja's Avatar
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    Calculating the Ticket Price

    I have read many a thread concerning ticket prices here, but it appears that no-one is yet to try calculating the optimal price for them. Thence, I decided to start constructing a formula that, when ready, could give the player a better idea about the attendance of the next match. Now, I am certainly not a mathematical genius, and the project is still very much in the beginning, but (to my own astonishment) the formula in its present form has already helped me in adjusting the ticket price with increased confidence.

    Due to the fact that I do not know the factors that have an effect on the match attendances, I currently have several versions of the formula which all are used to make predictions.

    The base value:
    Code:
    a*(b/c)*d*(e/f)
    The fans/ticket price ratio:
    Code:
    a*(e/f)
    Form excluded:
    Code:
    a*(b/c)*(e/f)
    Teams excluded:
    Code:
    a*d*(e/f)
    a = Competition (League = 1; Champions League = 1.1; Cup = 1.2)
    b = Opponent Quality
    c = Own Quality
    d = Own Form
    e = Fans
    f = Ticket Price

    The form is calculated with this formula:
    Code:
    ([x+0.5y]/5)+0.5
    x = the number of wins
    y = the number of draws
    PLEASE NOTE: If you have played less than five matches in the season, make sure to change the number "5" to the number of matches you have had so far.

    These are the results so far (I will keep updating the table on a regular basis).

    Date Competition Opponent Quality Own Quality Own Form Fans Ticket Price Value Fans/Ticket Price Form Excluded Teams Excluded De Facto Attendance Income
    11.4.2013 19:26 Champions League Group Stage 14.1 15.6 1.3 1,806 $8 291.781875 248.325 224.447596153846 322.8225 922 $7,736
    12.4.2013 13:38 Cup Second Round 15.7 15.7 1.4 1,878 $8 394.38 281.7 281.7 394.38 1,000 $8,000
    13.4.2013 12:50 League 2 18.3 15.2 1.4 2,004 $6 562.965789473684 334 402.118421052632 467.6 1,000 $6,000
    15.4.2013 12:09 League 2 16.4 16 1.2 2,184 $7 383.76 312 319.8 374.4 954 $6,678
    15.4.2013 19:04 Champions League Group Stage 18.2 17.1 1.2 2,238 $9 349.35485380117 273.533333333333 291.129044834308 328.24 800 $7,200
    BOLD match attendance indicates a sold out stadium.

    As you can see, the most recent match is the only one where the scores and the match attendance are in contradiction. I am suspecting that the reason is in how the ticket price's effect on the match attendance is calculated, but I have not yet done any testing regarding it.

    Thank you for taking time to read about my experiment! If you wish to help, you can give me the information used in the table of your home matches for me to use (no need to tell me the match income) and tell me if you allow me to publish the data as a part of this table, or you can make suggestions how the formula could be improved.

    As this is also my first post on this forum, I feel compelled to tell something about myself. I am a level-two manager whose team was founded on the 23rd of March.

  2. #2
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    Great initiative!

    Any progress to a conclusion?

  3. #3
    Famous Mo Meow Odom's Avatar
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    wow I just guessed and clicked the button

  4. #4
    VIP July Fourth's Avatar
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    A 2.5 month old topic...
    *Retired From Top Eleven*

  5. #5
    Addicted Razz's Avatar
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    Quote Originally Posted by July Fourth View Post
    A 2.5 month old topic...
    Which I wish would have gotten more attention so that we'd have more information now.
    ~^~*~^~ My opinions are best when taken with a grain of salt. No iodine added. ~^~*~^~

  6. #6
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    more useful than 95% of topics on the forum
    magic3 likes this.
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  7. #7
    VIP July Fourth's Avatar
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    Quote Originally Posted by Razz View Post
    Which I wish would have gotten more attention so that we'd have more information now.
    Exactly, there was no updates to the original post, so this topic is a lost cause more than anything else.
    *Retired From Top Eleven*

  8. #8
    Rookie Tom Millson's Avatar
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    It's a good idea but it's really easy to work out optimum price anyway. It just depends on your priorities:

    Maximum possession for money
    Just keep going up $1 a day until you don't get 5% bonus possession. Then go down $1 to get the 5% possession back. Keep like this until you feel it could go up.

    Maximum money from attendance
    Calculate ticket price (a) multiplied by attendance (b) to get the maximum ticket sales revenue (c):

    a * b = c

    Keep increasing ticket price by $1 as c increases until c starts going down, then reduce it by $1.


    Personally I don't think we need complex formulae like the one the OP posted.

  9. #9
    Famous Morgan O'Bree's Avatar
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    It s so easy to check it out without formulas. Only nordeus complicate easy things, dont do the same.

  10. #10
    Moderator Sxrenity's Avatar
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    Quote Originally Posted by Morgan O'Bree View Post
    It s so easy to check it out without formulas. Only nordeus complicate easy things, dont do the same.
    That being said, a lot of time and effort has gone into the post, so kudos to the OP, better than half of the 'omfg I lost a game screw nordeus etc.' drivel we see on here most of the time
    Tom Millson likes this.
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