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Science and Research - Science Advisory Council
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Pricing Excellence Challenges and Opportunities

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Andy Boyd, Ph.D.
Dr. Boyd is the founding president of the INFORMS Section on Revenue Optimization (The Institute for Operations Research and the Management Sciences). He has recently been named a Fellow by INFORMS, which is the largest professional society for operations research in the world, and reserves this honor for distinguished individuals who have demonstrated exceptional accomplishments in operations research and management sciences.

He has over 25 scholarly publications to his credit, numerous research grants from agencies such as the National Science Foundation and the Federal Aviation Administration, several technical articles and book chapters, and has been an active participant at industry conferences on pricing and revenue optimization.

Dr. Boyd received his A.B. with Honors at Oberlin College with majors in Mathematics and Economics in 1981, and his Ph.D. in Operations Research from the Massachusetts Institute of Technology in 1987.

Peter P. Belobaba, Ph.D.
Peter Belobaba is the Principal Research Scientist for the International Center for Air Transportation and Program Manager for the MIT Global Airline Industry Program. His research interests focus on air transportation economics and operations analysis, application of quantitative decision methods to aerospace management, airline and aerospace industry analysis. His other interests focus on:

  • Airline Competition: Evaluation of changes in competitive behavior of airlines since deregulation of the airline industry, including pricing strategies, market concentration, and development of hub/spoke route structures. Assessment of operating costs and productivity improvements, as well as emerging competition by low-cost carriers.
  • Airline Pricing and Seat Inventory Control: Revenue maximization through applied differential pricing practices and capacity control techniques. Development of decision support tools for assessment of pricing initiatives and for optimization of booking limits on different fare classes and different distribution channels.
  • Network Optimization of Origin-Destination Traffic Flows: Application of forecasting and optimization algorithms to the control of passenger flows over an airline connecting hub network. Simulation testing of heuristic and optimal solutions that can be implemented under existing computer and reservations system constraints.
  • Economic Viability of New Aircraft Programs: Assessment of market potential for new aircraft, given airline operating practices and the competitive environment among both airlines and aircraft manufacturers.
Garrett J. van Ryzin, Ph.D.  
Garrett van Ryzin is Professor of Decision, Risk and Operations at the Columbia University Graduate School of Business. His research interests include stochastic optimization, pricing and revenue management and supply chain management. Professor van Ryzin’s research has been supported by grants from the National Science Foundation and major corporations, and he has served as a consultant to several leading companies in the area of pricing and revenue management.  He serves as Area Editor for Operations Research and is an associate editor for Management Science and Transportation Science. He received the B.S.E.E. degree, academic honors with distinction, from Columbia University, and the degrees of S.M. in Electrical Engineering and Computer Science and Ph.D. in Operations Research from the Massachusetts Institute of Technology.
 
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