INFORMS Open Forum

2019 Awards Announcement - Revenue Management and Pricing Section

  • 1.  2019 Awards Announcement - Revenue Management and Pricing Section

    Posted 11-10-2019 16:10
    The INFORMS Revenue Management and Pricing (RMP) Section is proud to announce the winners of the (1) Revenue Management and Pricing Section Prize, (2) Practice Prize and the newly established (3) Jeff McGill Best Student Paper Prize:


    (1) 2019 RMP Section Prize


    Winner: Paat Rusmevichientong (USC)
    In recognition for his seminal research to the science and practice of Revenue Management & Pricing in the areas of assortment optimization and consumer choice modeling.

    "Paat's work is rigorous, deep and innovative, and has broaden our understanding on a number of fundamental issues ranging from the computational complexity of assortment optimization problems, to the challenges of developing efficient and implementable algorithms to solve them, to the needs of expanding the boundaries of traditional consumer choice theory to address its empirical limitations."
    Representative papers:
    • "Real-time optimization of personalized assortments" (MS 2014)
    • "The limit of rationality in choice modeling: Formulation, computation, and implications" (MS 2019)

    Committee:
    • René Caldentey (Chicago) – Chair
    • Victor Araman (UAB)
    • Huseyin Topaloglu (Cornell)
    • Gabriel Weintraub (Stanford)



    (2)  2019 RMP Practice Prize

    Winner: "Customer Choice Models versus Machine Learning: Finding Optimal Product Displays on Alibaba" by Jacob Feldman (WUSTL), Dennis Zhang (WUSTL), Xiaofei Liu (Alibaba) and Nannan Zhang (Alibaba)

    Finalist: "Pricing Analytics for Rotable Spare Parts" by Omar Besbes (Columbia), Adam Elmachtoub (Columbia) and Yunjie Sun (Columbia)
    Finalist: "Demand Learning and Dynamic Pricing for Varying Assortments: Algorithm Development and Implementation at Zenrez" by Kris Ferreira (Harvard), Emily Mower (Harvard), Matt Capizzi (Zenrez) and Arthur Hong (Zenrez)

    Committee:
    • Guillermo Gallego (HKUST) – Chair
    • Jose Luis Beltran (Hitachi)
    • Kalyan Talluri (Imperial)
    • Huseyin Topaloglu (Cornell)



    (3)  2019 Jeff McGill RMP Best Student Paper Prize

    Winner: "Dynamic Pricing of Relocating Resources in Large Networks" by Chen Chen (Duke)

    • Second prize: "Decision Forest: A Nonparametric Approach to Modeling Irrational Choice" by Yi-Chun Chen (UCLA)

    • Second prize: "Shapley Meets Uniform: An Axiomatic Framework for Attribution in Online Advertising" by Raghav Singal (Columbia)

    • Finalist: "The Value of Price Discrimination in Large Random Networks" by Jiali Huang (Minnesota)
    • Finalist: "Sequential Procurement with Contractual and Experimental Learning" by Gregory Macnamara (Stanford)
    • Finalist: "Matching in Online Marketplaces when Talent is Difficult to Discern" by Jiding Zhang (Upenn)

    Committee:
    • Ming Hu (Toronto) – Chair
    • Kostas Bimpikis (Stanford)
    • Stefanus Jasin (Michigan)



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    René Caldentey
    Professor Operations Management
    The University of Chicago
    Chicago IL
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