September 15th, 2010 by Joern Meissner
At the recent OR 52 Conference at the Royal Holloway University of London, the Operational Research Society prize “for the most distinguished body of research leading to the award of a doctorate in the field of OR in the UK” for 2009 was awarded to LUMS Management Science PhD Graduate Arne Strauss, who has since been appointed at LUMS under a PhD Plus Fellowship and will soon start a position as Research Associate under the LANCS Initiative. Arne was supervised by Joern Meissner.
In his dissertation, Arne pursues various research objectives within revenue management of a network of resources where customers choose between available product alternatives. Accounting for customer choice behaviour is necessary to accurately represent demand in markets where customers choose between several product alternatives, as it is particular the case if fare products have been simplified so that fare restrictions cannot properly segment customers any more. Such situations occur in many industries that use revenue management, for example airlines, trains, car rentals or hotels. It is therefore important to incorporate customer choice into the optimisation models, however, it also causes the resulting optimisation problems to be highly complex and difficult to solve. Arne develops in his dissertation approximate methods to tackle such problems.
Posted in Lancaster University
Tags: Arne Strauss, Choice Behaviour, Choice Model, Dissertation, Doctoral Prize, Doctorate, Joern Meissner, LANCS Initiative, LUMS, Management Science, Operational Research, Operational Research Society, OR Society, PhD, Prize, Revenue Management, Thesis