Monday, April 2

3108 Etcheverry Hall

3:30 p.m. - 4:30 p.m.

Abstract: We analyze a dynamic liquidation game where both liquidity demand and supply are endogenous. A large uninformed investor strategically liquidates a position, fully cognizant of the optimal response of competitive market makers. The Stackelberg game solution shows that, if the investor reveals the duration of the trade to the intermediation sector, then he chooses to sell at higher intensity when he has less time to trade. This enables market makers to predict when execution ends, which helps them provide liquidity and thus reduces the liquidity premium they charge. The model explains several empirical facts: order duration and participation rate correlate negatively, and price pressure subsides before execution ends.

Authors: Agostino Capponi (Columbia), Albert Menkveld (VU Amsterdam), and Hongzhong Zhang (Columbia).

Bio: Agostino is an assistant professor in the Industrial Engineering and Operations Research Department at Columbia University. His research interests are in systemic risk and financial stability, economics of clearinghouses, market microstructure, and human-machine interaction systems. He serves as an External Consultant at the U.S. Commodity Futures Trading Commission, Office of the Chief Economist, on topics related to clearinghouse collateral requirements and financial stability. His research has been funded by the NSF, DARPA, the Institute for New Economic Thinking, and the Global Risk Institute. He is a recipient of the NSF CAREER award, a prize from the MIT Center for Finance and Policy and the Harvard Crowd Innovation Laboratory, and the Bar-Ilan prize for general research in financial mathematics. Agostino serves on the editorial boards of Mathematical Finance, Applied Mathematical Finance, Operations Research Letters, and as the Department Editor of the Institute of Industrial Engineering Transactions. He also serves as the program director of the SIAM activity group in Financial Mathematics and Engineering. Agostino received his Master and Ph.D. Degree in Computer Science and Applied and Computational Mathematics from the California Institute of Technology, respectively in 2006 and 2009. 


Thursday, April 5


UCSC Silicon Valley Campus

3175 Bowers Avenue

Santa Clara, CA 95054


Please join us for the CITRIS Silicon Valley Forum, a new monthly series from CITRIS and the Banatao Institute. Our second panel of the Spring 2018 series invites Ken Goldberg, Professor of Industrial Engineering and Operations Research and Juan Aparicio, Head of Research Group Advanced Manufacturing Automation at Siemens to discuss Robots on the Edge: Intelligent Machines, Industry 4.0, and Fog Robotics on April 5, 2018 from 11:30am-1:30pm. The talk will be hosted at the UC Santa Cruz Silicon Valley campus in Santa Clara, CA. Lunch will be provided.

Speaker bios:

Ken Goldberg, Professor of Industrial Engineering and Operations Research

Ken Goldberg, Professor of Industrial Engineering and Operations Research

Ken Goldberg is an artist, inventor, and UC Berkeley Professor focusing on robotics. He was appointed the William S. Floyd Jr Distinguished Chair in Engineering and serves as Chair of the Industrial Engineering and Operations Research Department. He has secondary appointments in EECS, Art Practice, the School of Information, and Radiation Oncology at the UCSF Medical School. Ken is Director of the CITRIS "People and Robots" Initiative and the UC Berkeley AUTOLAB where he and his students pursue research in machine learning for robotics and automation in warehouses, homes, and operating rooms. Ken developed the first provably complete algorithms for part feeding and part fixturing and the first robot on the Internet. Despite agonizingly slow progress, he persists in trying to make robots less clumsy. He has over 250 peer-reviewed publications and 8 U.S. Patents. He co-founded and served as Editor-in-Chief of the IEEE Transactions on Automation Science and Engineering. Ken's artwork has appeared in 70 exhibits including the Whitney Biennial and films he has co-written have been selected for Sundance and nominated for an Emmy Award. Ken was awarded the NSF PECASE (Presidential Faculty Fellowship) from President Bill Clinton in 1995, elected IEEE Fellow in 2005 and selected by the IEEE Robotics and Automation Society for the George Saridis Leadership Award in 2016.


Juan Aparicio, Head of Research Group Advanced Manufacturing Automation at Siemens

Juan Aparicio, Head of Research Group Advanced Manufacturing Automation at Siemens

Mr. Aparicio leads an R&D team of international senior research scientists, located in Berkeley, who excel at engaging and collaborating with top Universities and Research Institutes. The deliverables of his team enable the successful transformation of the technology trends in Automation & Control into the business of the future for a multitude of customer products and services in the Energy, Industry and Infrastructure domains.




What is the CITRIS Silicon Valley Forum?

The Silicon Valley Forum series will share the innovative, cross-disciplinary research of CITRIS and the Banatao Institute. We will focus on topics like designing sustainable energy, water, transportation systems, fostering civic engagement in the digital era, improving the human experience through advances in robotics and automation, and modernizing healthcare delivery. These talks will be held on the first Thursday of every month.

What are my transportation/parking options for getting to and from the event?

Parking is available on-site at the UC Santa Cruz, Santa Clara Campus, 3175 Bowers Avenue, Santa Clara, CA 95054

How can I contact the organizer with any questions?

For questions regarding the Silicon Valley Forum Series, please contact our Development Coordinator Emily Sawicki at

Monday, April 9

3108 Etcheverry Hall

3:30 p.m. - 5:00 p.m.

Research: Max Shen is a professor at UC Berkeley in the Industrial Engineering and Operations Research Department. He researches supply chain design, design of optimization algorithms, energy systems optimation, and transportation system planning among other strategies.

He currently works on the following projects:

1. Projects funded by National Science Foundation
2. Energy Management Systems for Smart Grid Users with Flexible Demand (Siemens)

3. Towards a Green Supply Chain. Life Cycle Implications of Shipping Goods to California from Mexico vs. China (Blum Center)

4. California Department of Transportation


Wednesday, April 11

California Memorial Stadium, Field Club
2227 Piedmont Ave
Berkeley, California 94720


Register Here:

See where the cloud can take you at Microsoft’s Azure University Tour, a free learning event for student developers, faculty, and staff where you'll code alongside industry experts, boost your cloud development skills, and test cutting-edge technology.

Check out some of the content we'll be featuring at the event:


You'll see the newest Azure technologies in action with a demo-rich agenda, covering a range of topics from data science, to Cognitive Services, and more!

Hands-on Challenges for Students

Build on everything you learned from the demos and choose from one of three hands-on challenges for a chance to win an XBOX!


Discover the power of Cognitive Services! Have you ever taken a trip and searched for a place to stay? Search results can be overwhelming. In this challenge you will use the Microsoft Cognitive Service, Project Wollongong, within a Node.js web application to help find the perfect spot. Location ranking is determined based on what you can find nearby – public transit? A coffee shop? Your website will allow the user to set weights to different attributes, personalizing the search. Next, you use Project Wollongong to group and weigh these attributes and narrow down your search.


Start learning how to harness the power of big data! Thinking of renting out your place over summer break? Sure we have lots of data from existing rental sites, but how do we prepare and query that data to learn what we need to know? In this challenge you use Azure data lake and U-SQL to clean up and query data, and to gain insights so you can figure out what sort of occupancy and revenue you can earn from your property.


Train your own machine learning model! Thinking of renting out your place over summer break? How much should you charge a night? Charge too much and no-one will book it, charge too little and you miss out on extra revenue. In this lab you will take advantage of the Azure Data Science Virtual Machine. This virtual machine comes pre-loaded with everything you need to train your own model. You will use Scikit-learn on the Data Science Virtual Machine for Linux to figure out the optimal rental rate.

Thursday, April 12

Round Hill Country Club
3169 Round Hill Road
6:30–8:30 p.m.

Policy and Technology for the Jobs of the Future

Artificial Intelligence (AI) and assistive technologies will transform the future of work, with wide-ranging effects on employment and income distribution. Despite dystopian forecasts of robots replacing workers, AI and intelligent tools also have the potential to foster a more inclusive workforce. Join Chancellor Carol T. Christ and distinguished faculty for an engaging evening featuring Jennifer Granholm ’84, Distinguished Adjunct Professor at Berkeley Law and the Goldman School of Public Policy, and former Michigan governor; and Ken Goldberg, professor and department chair, Industrial Engineering and Operations Research. They will discuss the impact of autonomous vehicles and how AI might enhance workers rather than replace them.

Buy tickets here:

Monday, April 23

3108 Etcheverry Hall

3:30 p.m. - 5:00 p.m.

Research: The primary focus of Professor David Schmoy's research is on the design and analysis of efficient algorithms for discrete optimization problems, and in particular, on approximation algorithms for NP-hard and other computationally intractable problems. Linear programming relaxations have played a fundamental role in obtaining good solutions to hard optimization problems, and he continue to study their application to a range of problems in clustering, sequencing and scheduling, and inventory problems, in both deterministic and stochastic optimization settings. In addition to studying these problems with a theoretical lens, he has been involved in the practical application of these techniques in settings ranging from genomics to medical aircraft scheduling to the long-term planning for the preservation of the red-cockaded woodpecker to the operational logistics and design of bike-sharing systems.

Monday, April 30

3108 Etcheverry Hall

3:30 p.m. - 5:00 p.m.

Professor Avraham Shtub holds the Stephen and Sharon Seiden Chair in Project Management. He has a B.Sc in Electrical Engineering from the Technion - Israel Institute of Technology (1974), an MBA from Tel Aviv University (1978) and a Ph.D in Management Science and Industrial Engineering from the University of Washington (1982).  He is a certified Project Management Professional (PMP) and a member of the Project Management Institute (PMI-USA).

Professor Shtub is the recipient of the Institute of Industrial Engineering's 1995 "Book of the Year Award" for his Book "Project Management: Engineering, Technology and Implementation" (co- authored with Jonathan Bard and Shlomo Globerson), Prentice Hall, 1994. He is the recipient of the Production Operations Management Society's Wick Skinner Teaching Innovation Achievements Award for his book: "Enterprise Resource Planning (ERP): The Dynamics of Operations Management". His books on Project Management were published in English, Hebrew, Greek and Chinese. He is the recipient of the 2008 Project Management Institute Professional Development Product of the Year Award for the training simulator "Project Team Builder – PTB". Prof. Shtub was a Department Editor for IIE Transactions he was on the Editorial Boards of the Project Management Journal, The International Journal of Project Management, IIE Transactions and the International Journal of Production Research.

He was a faculty member of the department of Industrial Engineering at Tel Aviv University from 1984 to 1998 where he also served as a chairman of the department (1993-1996). He joined the Technion in 1998 and was the Associate Dean and head of the MBA program.  He has been a consultant to industry in the areas of project management, training by simulators and the design of production-operation systems. He was invited to speak at special seminars on Project Management and Operations in Europe, the Far East, North America, South America and Australia. Professor Shtub visited and taught at Vanderbilt University, The University of Pennsylvania, Korean Institute of Technology, Bilkent University in Turkey, Otego University in New Zealand, Yale University, Universidad Politécnica de Valencia, University of Bergamo in Italy.