HOUSTON--(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.
