Research Paper

Journal of Revenue and Pricing Management (2006) 5, 157–166. doi:10.1057/palgrave.rpm.5160031

Revenue management in the airline industry: From gumball dispensers to rocket science

E Andrew Boyd1

Correspondence: E. Andrew Boyd, PROS1 Revenue Management, 3100 Main Street, Suite 900, Houston, TX 77002, USA. Tel: +1 713 335 5329; Fax: +1 713 335 8144; E-mail: aboyd@prosrm.com

1Andrew Boyd has served as Chief Scientist and Senior Vice President of Science and Research at PROS since 1999. He joined PROS in 1997 as Vice President of Science and Research following almost ten years as a university professor. His group consists of an international collection of advanced degree recipients in Economics, Operations Research, Quantitative Marketing, and Statistics, with domain expertise cutting across multiple industries. He is founding president of the INFORMS Section on Revenue Management and Pricing, and maintains a formal affiliation with the Texas A&M University Department of Industrial Engineering. He is one of the original designers of the CPlex linear programming library, now part of ILOG. He has over 25 scholarly publications to his credit, including papers in Operations Research, Management Science, and Mathematical Programming, among others. He has also held numerous research grants from agencies such as the National Science Foundation and the Federal Aviation Administration, has written several technical articles and book chapters, has been an active participant at industry conferences on pricing and revenue management, and was part of a 2003 Edelman finalist team for work with Texas Children's Hospital. He received his AB 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.

Received 9 November 2005.

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Abstract

The following is a transcript of a presentation given to the INFORMS Roundtable during the 2006 INFORMS annual meeting held in San Francisco on November 12, 2005.