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Houston, TX, United States, 2016/07/01 - Walczak to lead expert session on innovative data science strategies for airline revenue management; McCaffrey to cover dynamic programming for managing upgrades - Pros.com. NYSE: PRO
PROS®, the revenue and profit realization company, today announced that its Principal Research Scientist Dr. Darius Walczak and Senior Solutions Architect Dr. David McCaffrey will deliver addresses at the 28th European Conference on Operational Research EURO 2016. For the first time in its 40-year history, the conference will be held in Poland, July 3-5, at the Poznań University of Technology, one of the leading European centers in decision analysis, optimization, project management and scheduling.
EURO the European Association of Operational Research Society is a regional group associated with IFORS, the International Federation of Operational Research Societies, headquartered in Switzerland. The organizations are dedicated to promoting operational research throughout Europe.
At EURO 2016, Walczak will lead a session dedicated to revenue management in the airline industry titled Constrained Markov Decision Processes in Revenue Management. He will discuss optimization that helps companies balance trade-offs such as revenue and load factor, and analyze theoretical results and their ability to be implemented in real-life revenue management and pricing decisions.
McCaffrey’s presentation Dynamic Programming Algorithms for Optimal Upgrading will uncover solutions and conditions that airlines can use for estimating the financial benefits of dynamically managing upgrades. While most airlines today employ static approaches for managing upgrades, his research compares and contrasts new dynamic capabilities that help airlines generate meaningful revenue growth.
“EURO 2016 brings together almost 2,000 researchers, academicians and practitioners who work in operational research from around the world,” said Walczak. “Presentations will cover some of the most complex and strategic methodologies in operations research that are shaping next-generation thought leadership capabilities. We are honored to join this prestigious group, where we plan to share how PROS is helping customers balance their business objectives and redefine the customer experience through dynamic pricing, offer optimization and offer personalization.”
PROS Holdings, Inc. (pros.com) 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.
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.