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Bridging Theory and Practice
Pricing is one of the most powerful but least understood disciplines within many organizations. The Center for Pricing and Revenue Management is a joint initiative between Columbia Business School and Columbia's Fu School of Engineering. The center encourages interdisciplinary research, collaboration, and information exchange among faculty members, students, and industry professionals who use and supply analytic approaches to pricing and revenue management.
Center faculty members are drawn from several departments across the University. The center’s activities focus on research and education in all aspects of tactical pricing and demand management; foundational research on forecasting, data analysis, demand modeling, customer behavior, and optimization; and the implementation of pricing and revenue management systems and best practices.
The Center brings together faculty members and graduate students from various schools and departments to collaborate on research, organizes regular seminars and events, disseminates working papers, and provides executive education and other specialized training in areas related to pricing. It also provides a set of standardized real-world data sets for researchers, as well as an archive of educational material including cases, problem sets, and teaching notes to support teachers leading classes in revenue management and pricing.
Barry Kahn, founder and CEO, Qcue
The Center welcomed Scott Friend, Managing Director, Bain Capital Ventures, on February 3rd.
Business Analytics Blog
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Professor Omar Besbes with Marco Scarsini (Singapore University of Technology and Design) investigate how a consumer's knowledge of previous reviews distorts his own ratings.