Business Model

Below are the details of the revenue source and sustainable strategies for Journal of Statistical Modeling and Analytics (JOSMA):

  1. Core Revenue Streams
  • Article Processing Charges (APCs):
    • Charge authors a fee upon acceptance to cover editorial, peer review, production, and dissemination costs (Effective 2027)
    • Offer waivers or discounts for authors from low-income regions or those without funding, ensuring equitable access. 
  • Institutional Memberships:
    • Develop partnerships with Malaysian universities and research institutes, offering annual memberships that cover APCs for affiliated authors.
    • This provides predictable revenue and encourages institutional loyalty 
  • Funding Support from bodies in Malaysia:
    • Seek direct support from professional associations, research councils, or government agencies committed to open access and scholarly dissemination such as Institut Statistik Malaysia, Persatuan Sains Matematik Malaysia.
    • Such support can subsidize operational costs and reduce reliance on APCs 
  • Advertising and Sponsorship:
    • Carefully curated advertising (e.g., for statistical software or conferences) and sponsorships for special issues or events can supplement income, provided editorial independence is maintained
    • Advertisments are not related in any way to editorial decision making and kept separate from the published content
    • JOSMA ensures that all advertising and direct marketing activities related to the journal are conducted in a professional and ethical manner.
    • All information provided about the journal, its publisher, and its services will be accurate, clear, and not misleading to authors, reviewers, or readers.

    • Any communication or solicitation of manuscripts on behalf of the journal will be appropriate, relevant to the journal’s scope, and not excessive or intrusive.

  1. Community and Membership Engagement
  • Professional Association Backing:
    • Partner with statistical societies or analytics associations to share costs, leverage membership dues, and enhance journal credibility.
  • Individual Memberships:
    • Offer individual memberships with benefits such as exclusive webinars, early access to content, or networking opportunities, fostering a sense of community and engagement
  1. Operational Best Practices
  • Transparent Cost Structure:
    • Clearly communicate how fees are calculated and used, building trust with authors, institutions, and funders
  • Quality and Integrity:
    • Maintain rigorous peer review and editorial standards, ensuring high-quality publications that attract reputable authors and institutions
  1. Ethical and Equitable Access
  • Waivers and Differential Pricing:
    • Implement a robust waiver policy for APCs to support authors from underrepresented or low-income regions, balancing revenue needs with global inclusivity4.
  • Open Dialogue and Community Involvement:
    • Regularly consult with stakeholders—authors, reviewers, institutions—to adapt the model and uphold ethical standards in publishing