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PROS Scientists to Present Revenue Management Research at POMS 2018 Conference

PRO | April 30, 2018

PROS Scientists to Present Revenue Management Research at POMS 2018 Conference

PROS ^® (NYSE: PRO), a cloud software company powering the shift to modern commerce, today announced that five members of its Science and Research Team have been selected to deliver presentations at the 29^th Annual Production and Operations Management Society (POMS) Conference. This year’s conference will be held May 4-7 in Houston at the Hilton Americas Hotel.

Representing PROS will be Ezgi Eren, Ph.D., Ravi Kumar, Ph.D., Shigeru Tsubakitani, Ph.D., Darius Walczak, Ph.D., and Wei Wang, Ph.D.:

Eren will chair a panel focused on the practice of revenue management and pricing. Panel members, with representatives from both the public and private sectors, include the University of South Carolina, Hertz, The Rainmaker Group, PROS Darius Walczak, Ph.D. and PROS Vice President, Transportation & Logistics, Zeke Ziliak. Together, they will address current trends and new directions in revenue management and pricing, bringing different perspectives from the solution provider and end user, and from industries including travel, hospitality and rental.
Kumar will present research developed in collaboration with Walczak and Wang titled “Dynamic Programming Decomposition Approaches to the Network Pricing Optimization.” He will consider an alternative idea for solving the network revenue management problem based on product-based decomposition. Kumar will show novel solution approaches, tested against several resource-based decomposition models extensively deployed in the airline and the hotel industry.
Tsubakitani will deliver a presentation titled “Optimizing Fleet Acquisition in the Car Rental Industry.” He will present a large-scale fleet acquisition optimization model, historically solved by decomposition with revenue functions at the demand side, and acquisition at the supply side due to the enormous size of the problem. His innovative approach combines the two sides into a single, large-scale acquisition model that is tractable with features that are attractive for applications.
Wang will deliver a presentation titled “Joint Optimization of Expected Profit Contribution and Resource Utilization.” He will consider how to jointly optimize revenue and resource load factors in the airline industry using advanced optimization approaches. Wang will show how to efficiently balance the trade-offs between two competing flight KPIs – revenue and load factor – and provide airline customers with more scientific insights to enable better alignment with strategic business objectives.

“Artificial intelligence and machine learning are fueling next-generation solutions that enable customers to sell their products faster and more efficiently in the digital era,” said Royce Kallesen, Senior Director, PROS Science & Research Team. “Speed, precision and consistency are the cornerstones of modern commerce. Our team of scientists brings extraordinary market experience that enables us to advance our decades of experience with AI and machine learning. We are honored to have five members of our team presenting at this year’s POMS conference, where they will share results of their latest research.”

POMS is an international organization that represents the interests of operations management and research professionals from around the world.

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.