PROS Scientists Selected to Address 2016 INFORMS Annual Meeting
November 14 2016 - 8:00AM
Business Wire
PROS® (NYSE: PRO), the revenue and profit realization company,
today announced that members of its Science and Research team –
Ravi Kumar, Ph.D., Ang Li, Ph.D, and Wei Wang, Ph.D. – will deliver
presentations based on their research at the 2016 INFORMS Annual
Meeting. Scheduled for Nov. 14-16, the conference will be held in
Nashville, Tenn., at the Music City Center. More than 5,000 leading
academics, industry experts, INFORMS members, students and
government agency representatives are expected to attend.
INFORMS – the Institute for Operations Research and the
Management Sciences – is the largest society for professionals in
the field of operations research, management science and analytics,
with more than 12,000 members around the world.
PROS Principal Research Scientist Darius Walczak, Ph.D., serves
as chair of the Revenue Management and Pricing (RMP) Section of
INFORMS.
“The INFORMS Annual Conference brings together research
professionals and thought leaders from some of the world’s most
high-profile companies, and academic representatives from the most
renowned research universities around the globe,” said Walczak. “It
is a great honor for our scientists to again be selected to deliver
their research. PROS scientists are helping companies around the
world reshape their businesses in the digital age, using operations
research science, dynamic pricing, offer optimization and
personalized offers as strategic enablers.”
Kumar, Li and Wang will deliver presentations based on revenue
management-related research for airlines:
- Kumar will deliver a joint presentation
with Wang titled Dynamic Pricing and Learning in Airline Revenue
Management: Carriers around the world are actively engaged in
evaluating class-free pricing controls that may fluctuate over a
continuous price interval. They will present dynamic pricing
algorithms that efficiently learn the underlying customer behavior
and help ensure good revenue performance.
- Li will present updated research
developed by himself and Walczak titled New Developments in Airline
Capacity Sharing Models. They consider an aircraft’s seating
capacity shared between business and economy compartments using a
moveable curtain that allows better utilization and improved
revenue. The extended model considers a curtain allowed at
pre-specified, feasible positions and is solved using a fast
algorithm. The model controls capacity based on real-time booking
requests so that economy passengers may be considered for business
compartment accommodations, which leads to improved
profitability.
To learn more about the conference, visit the PROS website or
follow PROS on Twitter at @PROS_Inc.
About PROS
PROS Holdings, Inc. (NYSE: PRO) is a revenue and profit
realization company that helps B2B and B2C customers realize their
potential through the blend of simplicity and data science. PROS
offers cloud solutions to help accelerate sales, formulate winning
pricing strategies and align product, demand and availability. PROS
revenue and profit realization solutions are designed to allow
customers to experience meaningful revenue growth, sustained
profitability and modernized business processes. To learn more,
visit pros.com.
Forward-looking Statements
This press release contains forward-looking statements,
including statements about the functionality and benefits of
revenue and profit realization software to organizations generally
as well as the functionality and benefits of PROS software
products. The forward-looking statements contained in this press
release are based upon PROS historical experience with revenue and
profit realization software and its current expectations of the
benefits of revenue and profit realization software for
organizations that implement and utilize such software. Factors
that could cause actual results to differ materially from those
described herein include the addressability of an organization’s
revenue and profit realization software needs, the risks associated
with PROS developing and enhancing products with the functionality
necessary to deliver the stated results and the risks associated
with the complex implementation and maintenance of revenue and
profit realization software such as PROS software products.
Additional information relating to the uncertainty affecting the
PROS business is contained in PROS filings with the Securities and
Exchange Commission. These forward-looking statements represent
PROS expectations as of the date of this press release. Subsequent
events may cause these expectations to change, and PROS disclaims
any obligations to update or alter these forward-looking statements
in the future whether as a result of new information, future events
or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20161114005342/en/
PROS Holdings, Inc.Yvonne Donaldson,
713-335-5310ydonaldson@pros.com
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