HOUSTON--(BUSINESS WIRE)--PROS® (NYSE: PRO), the revenue and profit realization company, today announced that Principal Research Scientist Darius Walczak, Ph.D., and data scientist Ang Li, Ph.D., have been selected to deliver an address at the AGIFORS Revenue Management Conference. The event, hosted this year in Frankfurt, Germany, will be held May 18-20 at the Frankfurt Marriott Hotel.
The presentation by Walczak and Li – A Capacity-Sharing Model with Movable Curtain – is based on their research conducted in conjunction with PROS airline customers. They will introduce a revenue management model in which an aircraft’s seating capacity is shared between business and economy compartments. More specifically, the respective compartment capacities can be adjusted by means of curtain installed shortly before departure, depending on demand realization, and economy passengers can be dynamically considered for accommodation in the business compartment, which leads to better utilization of the aircraft’s capacity and improved profitability.
AGIFORS – the Airline Group of the International Federation of Operational Research Societies – is a professional society dedicated to the advancement and application of operational research for the airline industry. The membership consists of operational research professionals employed by civil airlines and related industries, and correspondents keenly interested in the application of operational research to aviation problems. AGIFORS Revenue Management Study Group features the latest innovations in airline operations research as it applies to revenue management.
“The AGIFORS Revenue Management Conference showcases the latest applications of operations research methodology for the airline industry, contributed by thought leaders, practitioners and data scientists,” said Walczak. “PROS data science and prescriptive analytics enable airlines around the world to solve some of their most complex revenue management challenges and to realize their revenue potential. We look forward to sharing our next-generation capabilities.”
Walczak serves as Revenue Management Chair of the Revenue Management and Pricing (RMP) Section of INFORMS, the Institute for Operations Research and the Management Sciences. INFORMS 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.
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.
