Practice Award

Practice Award

The RM&P Section Practice Award recognizes outstanding applications of revenue management and pricing techniques. Initial submissions are due by April 28, 2017. The final competition for the award will take place live during a special session of the INFORMS Revenue Management and Pricing Conference to be held at Centrum Wiskunde & Informatica (CWI), Amsterdam, The Netherlands, June 29-30, 2017. The winner will be announced during a prize ceremony at the conference.

Criteria

The 1st-prize winner and finalists will be selected based on their impact, originality and innovation, and technical merit.

Submission Timetable

  • April 28, 2017: Initial submissions are due by email to Robert Phillips at robert.phillips@uber.com. The initial submission should include a 3-6 page description that summarizes the problem, the solution approach, and the results and impact. The document should describe how the work is innovative and should provide evidence of the work’s impact. The submission may include other materials, such as papers and other publications, letters, press releases, etc.
  • May 19, 2017: Finalists are notified.
  • June 19, 2017: Finalist presentations are due. Each finalist should submit the presentation that they will deliver at the RM&P conference by email to robert.phillips@uber.com. The presentation slides may be accompanied by supporting material, such as notes on each slide, video material, etc.
  • June 29-30, 2017: Finalist presentations, winner selection, and award ceremony at the INFORMS RM&P Conference.

Prize Committee

  • Robert Phillips, Columbia University (chair)
  • Sharon Hormby, Marriott International
  • Pelin Pekgun, University of South Carolina

Eligibility

Anyone may submit except members of the prize committee. Any revenue management and pricing work from any industry, completed within the past 3 years, is eligible. Questions about the application procedure should be sent to robert.phillips@uber.com.

Past Winners

Year

Recipient

Work

2017

IBM T.J Watson Research Center and Michigan Ross.

Omni-Channel Markdown Optimization

2015

Yihaodian, Ross School of Business, Tuck School of Business, and The Wharton School.

Competition-Based Dynamic Pricing in Online Retailing

2014

Rue La La Company, and Massachusetts Institute of Technology (MIT)

Analytics for an Online Retailer: Demand Forecasting and Price Optimization

2013

Molson Coors Brewing Company, Pricing Solutions Limited, and Queen's School of Business

Pricing and Promotions Analysis at Molson Coors Brewing Company

2012

HP Labs and Columbia University

Data Driven Market Pricing and Portfolio Management

2011

Wyndham Exchange & Rentals, Metrics & Algorithms Team

Optimizing Vacation Exchange

2010

Marriott International

Group Pricing Optimizer


SUBMISSION PACKAGES FROM RECENT WINNERS

We include below the submission packages of recent winners. These packages could serve as guidelines for future submissions. 

2017 Recipient: Omni-channel Markdown Optimization
  Click on the following links for: SubmissionPresentationPaper(s).
   
2015 Recipient: Competition-based Dynamic Pricing in Online Retailing
  Click on the following links for: SubmissionPresentationPaper(s).
   
2014 Recipient: Analytics for an Online Retailer: Demand Forecasting and Price Optimization
  Click on the following links for: SubmissionPresentationPaper(s).

 

 

2017 Recipient:  Omni-channel Markdown Optimization
  Click on the following links for: SubmissionPresentationPaper(s).
2017 Recipient:  Omni-channel Markdown Optimization
  Click on the following links for: SubmissionPresentationPaper(s).
2017 Recipient:  Omni-channel Markdown Optimization
  Click on the following links for: SubmissionPresentationPaper(s).