Tito Homem-de-Mello Awarded the 2007 INFORMS Revenue Management and Pricing Section Best Paper Prize

The prize, which was shared with co-authors William L. Cooper from University of Minnesota and Anton Kleywegt from Georgia Tech, was awarded for the paper "The Spiral-Down Effect in Revenue Management", Operations Research, 54, pp. 968-987 (2006).

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.