We consider the tax advantage of an increase in the firms leverage under the German tax code. The analysis is performed (i) for the case of a given investment and future dividend policy and (ii) to decide on the relative tax advantage of debt versus equity for funding new investments. We start...

Effectiveness in the use of the work force is often the crucial advantage in a company's long-term success over its competitors, especially in technology driven and highly competitive branches as the one considered in this article. While employee scheduling and rostering has been the topic of...

Generating a regular season schedule is a demanding task for any sports league. In Europe, the creation of a suitable schedule for every national top soccer league not only has to address numerous conflicting inner-league requirements and preferences. Additionally, the games of the European Cup...