SEATTLE--(BUSINESS WIRE)--Revenue Management Systems, Inc. (“RMS”) is pleased to announce its agreement with Dr. Larry Weatherford for consultation and collaboration on the mathematical models within airRM – the state-of-the-art revenue management, inventory control, and reporting system developed by RMS. Dr. Weatherford’s standing as a leading expert in revenue management forecast and optimization modeling and his experience as Professor of Decision Science at the University of Wyoming make him uniquely qualified to assist RMS as it continues to provide and perfect the next generation of predictive models.
“We constantly push the technology envelope,” said Scott Schade, CEO of RMS. “This focus is demonstrated through our cutting-edge forecast, analysis, and decision support tools, our aggressive software release cycle, and our integration of external data sources, such as competitive fares, web analytics and tour operator data. We are excited to be working with Dr. Weatherford and we look forward to passing the benefits of our mutual collaboration on to our ever-growing customer base.”
“I am honored and delighted for this opportunity to work with RMS,” said Dr. Larry Weatherford. “I am continually impressed by the quality of customer who selects airRM as its revenue management solution. It is evident to me that the airline industry perceives airRM as truly exceptional software. I look forward to our successful collaboration on the algorithms which both power airRM and propel the growth of RMS.”
About Dr. Lawrence R. Weatherford
Larry Weatherford is the Scarlett Endowed Chair at the University of Wyoming. He holds a Ph.D. from the University of Virginia. He has received several Outstanding Teaching Awards and also has a best-selling textbook, Decision Modeling with Microsoft Excel, published by Prentice Hall. He has published 25 scholarly articles and presented 73 papers on six different continents to professional organizations. He has consulted with such major corporations as Star Alliance, American Airlines, Northwest Airlines, Lufthansa German Airlines, Swiss International Airlines, Scandinavian Airlines, Air New Zealand, Lan Chile, South African Airways, Walt Disney World, Hilton Hotels, Unisys Corporation, and Choice Hotels.
About Revenue Management Systems, Inc. and airRM
RMS is a privately held company founded in 1996 that specializes in the design, development and support of innovative revenue management software solutions. The combination of superior software and personalized customer service has prompted airlines such as Westjet (Canada), Ryanair (Ireland), AirAsia (Malaysia), Jetstar (Australia), and Vueling (Spain) to choose RMS as their revenue management partner. RMS is headquartered in Seattle, Washington (USA).
airRM was developed by RMS in cooperation with a number of the most successful new-generation airlines in the world. The result is a revenue management system that is broad in feature and function yet focused on helping users take full advantage of available information in order to make better, more informed, more profitable decisions. In addition to the features and functions expected from a traditional system, airRM provides a new perspective in airline revenue management with groundbreaking tools not available in any other system on the market today.
More information about airRM and RMS may be found at www.revenuemanagement.com.