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Press Release

PROS Scientists to Deliver Presentations, Chair Sessions at 2017 INFORMS Houston Annual Meeting

HOUSTON, Oct. 19, 2017 – PROS® (NYSE: PRO), a cloud software company powering the shift to modern commerce, today announced that members of its Science & Research team will take leading roles in the upcoming INFORMS 2017 Annual Meeting held in its hometown of Houston. Scheduled for Oct. 22-25, the conference will be held at the city’s George R. Brown Convention Center and the Hilton Americas Hotel. More than 5,000 operations research and analytics professionals are expected to attend.

 

INFORMS – The Institute for Operations Research and the Management Sciences – is the world’s largest professional association dedicated to and promoting best practices and advances in operations research, management science and analytics to improve operations processes, decision-making and outcomes.

 

“One of the distinct differentiators at PROS is the work of our Science & Research team, which is actively engaged in evaluating the latest trends that drive value for our customers,” said PROS Senior Director, Science and Research, Royce Kallesen. “Customers in the travel industry look to us for our decades of experience in developing revenue management software and solutions with real-time dynamic pricing. In the digital era, our modern commerce solutions enable airlines to better engage with customers, and are designed to drive loyalty and profitable growth. We’re honored that so many members of our team have been selected to present their next-generation revenue management research at this prestigious conference.”

 

PROS at INFORMS

PROS scientists will be actively engaged in the INFORMS conference, chairing segments and delivering presentations:

 

  • Darius Walczak, Ph.D., is an INFORMS board member and former chair of the INFORMS Revenue Management and Pricing Section. He will jointly present research with Siddharth P. Singh from the Tepper Business School at Carnegie Mellon University in a presentation titled “Explicitly Incorporating Competition and Customer Choice in Dynamic Pricing.”

 

  • Wei Wang, Ph.D., will serve as Revenue Management and Pricing Cluster Co-Chair. He will deliver a presentation titled “Dynamic and Static Airline Overbooking for Networks” that evaluates the performance of various airline overbooking strategies. Carriers today apply static approaches to overbooking and cancellation, and Wang will demonstrate the additional revenue gains that dynamic overbooking is designed to bring through network simulation.

 

  • Ravi Kumar, Ph.D., will serve as session chair for Revenue Management and Pricing in the hotel industry. Speakers from PROS, SAS Institute and Carnegie Mellon University will cover recent advances in the areas of dynamic pricing with competitive effects, capacity sharing and efficient network optimization methods in revenue management.

 

  • Ang Li, Ph.D., will chair a session on the topic of “Novel Revenue Management Models for Loyalty Programs.” This session will cover three research studies that are motivated by the sheer size of loyalty programs and by the growing availability of customer data.

 

Li will also present his joint work with Kumar and Walczak on a network dynamic pricing model that enables customers to be dynamically upgraded across aircraft cabin compartments. Titled “A Dynamic Pricing Model with Capacity Sharing for Airline Revenue Management,” they will evaluate several control policies for airline networks and show theoretical results.

 

  • Evan Davidson, Ph.D., will deliver a presentation titled “Travel Network Optimization Parallelization Techniques Under Dependencies Between Daily Itineraries.” He will present parallelization methodologies comparing airline industry travel that spans one day with bus travel itineraries spanning multiple days, causing these networks to be highly connected. Davidson will explore a heuristic for these highly connected networks by solving multiple separate and overlapping problems during an extended time horizon to find a global, near-optimal solution.

 

  • Shigeru Tsubakitani, Ph.D., will deliver a presentation titled “Allocation Priority Tiebreakers for Frequent Flyer Seat Allocation Optimization.” He will include simple and effective improvements to airline frequent-flyer optimization that enables carriers to use available capacity and provide seating for frequent flyers in every month of the year. In his presentation, he will demonstrate a more balanced solution that remains optimal and respects business rules and regulations.

 

To learn more about the conference, visit www.pros.com or follow PROS on Twitter at @PROS_Inc.

 

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a cloud software company powering the shift to modern commerce by helping companies create personalized and frictionless buying experiences for their customers. Fueled by dynamic pricing science and machine learning, PROS solutions make it possible for companies to price, configure and sell their products and services in an omnichannel environment with speed, precision and consistency. Our customers, who are leaders in their markets, benefit from decades of data science expertise infused into our industry solutions. 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, profit realization and modern commerce 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, profit realization and modern commerce software and its current expectations of the benefits of revenue, profit realization and modern commerce 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, profit realization and modern commerce 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, profit realization and modern commerce 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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Media Contact:
James Garber
pros@marchcomms.com
617-960-9875

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