Revenue Management and Pricing Section

Revenue Management and Pricing Section Awards

• Historical Prize
• Section Prize

Historical Prize

The INFORMS Revenue Management and Pricing Section Prize for Historical Works was created to recognize critical contributions to the science of pricing and revenue management published in English, prior to 1999. The prize includes a certificate and a cash award. The prize is awarded at the INFORMS National Meeting at the discretion of the Prize Committee. At most one such prize may be awarded each year.

Published work must meet the following requirements to be eligible for the INFORMS Revenue Management and Pricing Section Historical Prize:

• It must be in the form of a paper, a book, or a group of papers or books.
• It must be on the topic of pricing/revenue management.
• It must have been published prior to 1999.
• It must be written in the English language.
• It must have appeared in the open literature.

Books or papers may be case histories, reports of research representing new results, or primarily synthesis. For any nominated set (group of either articles or books) published over more than one year, it is expected that each element in the set is part of one continuous effort, such as a multi-year project or a continuously written, multi-volume book.

As noted above, only the committee's members may nominate such works. The committee may choose not to award a historical works prize. Indeed, it is anticipated that awarding of the Historical Works Prize will become less common over time.

The Committee will use the following criteria in making judgments:

• The extent to which the contribution advanced the state of the art of pricing and revenue management.
• The originality of the ideas or methods.
• The new areas of application it opened up.
• The degree to which existing theory or method was unified or simplified.
• The clarity and excellence of the exposition.
• The degree to which the contribution provided value for future applications, or enabled improved practice.

Application Process

There is no application process; the prize is awarded at the discretion of the Prize Committee.

Whom to contact

• William L. Cooper
  University of Minnesota
  email: billcoop@me.umn.edu

Other 2008 Committee Members include:

• Andy Boyd, PROS
• Rene Caldentey, New York University

Past Winners

2007	Marvin Rothstein University of Connecticut
2006	Peter P. Belobaba MIT
2005	Barry C. Smith SABRE John F. Leimkuhler SABRE Ross M. Darrow SABRE
2004	Kenneth Littlewood British Overseas Airline Corporation

Section Prize

The INFORMS Revenue Management and Pricing Section Prize is awarded for the best contribution to the science of pricing and revenue management published in English. The prize includes a certificate and a cash award. The prize is awarded each year at the INFORMS National Meeting if there is a suitable recipient. Papers that are eligible may be resubmitted the next year.

Published work must meet the following requirements to be eligible for the INFORMS Revenue Management and Pricing Section Prize:

• It must be in the form of a paper, a book, or a group of papers or books.
• It must be on the topic of pricing/revenue management.
• It must have been published in one of the preceding five years or, in the case of a group, at least one member of the group must have been published in one of those years. For example, for the prize awarded in year 2005, at least one of the publications must have appeared in one of the years 1999 through 2003. (An exception to this rule is stated below.)
• It must be written in the English language.
• It must have appeared in the open literature.

Books or papers may be case histories, reports of research representing new results, or primarily synthesis. For any nominated set (group of either articles or books) published over more than one year, it is expected that each element in the set is part of one continuous effort, such as a multi-year project or a continuously written, multi-volume book.

To recognize works published earlier than 1999, the prize committee may also, at its discretion, award a separate prize for historical works. At most one such prize may be awarded each year. The requirements and evaluation criteria for the Historical Works Prize are identical to those stated above for the regular prize with the exception that i) only the committee's members may nominate such works, and ii) there is no 5-year window of eligibility; rather, any work published prior to 1999 may be considered. The committee may also choose not to award a historical works prize. Indeed, it is anticipated that awarding of the Historical Works Prize will become less common over time.

The committee consists of 4 members, including a chair, each serving on the committee for 2 years if possible.

To be eligible for consideration, each book or paper must be nominated to the committee. Anyone may make nominations. The Committee will use the following criteria in making judgments:

• The extent to which the contribution advances the state of the art of pricing and revenue management.
• The originality of the ideas or methods.
• The new areas of application it opens up.
• The degree to which existing theory or method is unified or simplified.
• The clarity and excellence of the exposition.
• The degree to which the contribution provides value for future applications, or enables improved practice.

Application Process

A nomination consists of:

• A nominating letter specifying the work being nominated and explaining why it is deserving of the INFORMS Revenue Management and Pricing Section Prize. Nominating letters must include the titles of paper(s) or book(s), author(s), and the place and date of publication.
• Supporting letters, if desired. Supporting statements bearing on the worth of the publication in terms of the six criteria above will be very helpful, but are not required.
• Six copies of the work.

Nominations should be sent to the chair of the committee. The submission deadline is August 1st of each year for the prize awarded in that year. If there is a suitable recipient, the award will be presented at the annual INFORMS National Meeting.

Whom to contact

Committee Chair:

• William L. Cooper
  University of Minnesota
  email: billcoop@me.umn.edu

Other 2008 Committee Members include:

• Andy Boyd, PROS
• Rene Caldentey, New York University

Past Winners

2007	William L. Cooper University of Minnesota Tito Homem-de-Mello Northwestern University Anton J. Kleywegt Georgia Institute of Technology
2006	Robert L. Phillips Nomis Solutions, Inc.
2005	Guillermo Gallego Columbia University
2004	Garrett J. van Ryzin Columbia University and Kalyan T. Talluri Universitat Pompeu Fabra