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SUMMARY:Undergraduate Business Information Session
DESCRIPTION:During your visit to the Lubar College of Business\, you’ll learn more about what makes our business student experience so unique. Explore Lubar student resources and facilities including our on-site business Career Center\, Applied Finance Lab\, Tutoring Center\, Technology Innovation Center\, and Deloitte Communications Lab. You’ll have the opportunity to discuss business programs and learn about opportunities for peer mentoring\, internships\, study abroad\, and more! \nAs you prepare for your visit\, you can find general information about our programs of study here. \nLubar Hall is directly across the street from the UWM Welcome Center/Lubar Entrepreneurship Center. \nYour academic information session with the Sheldon B. Lubar College of Business will be held at: \nUWM Sheldon B. Lubar College of Business (Lubar Hall)\nUndergraduate Student Services (2nd Floor- N297)\n3202 N Maryland Ave\nMilwaukee\, WI 53211-3164 \nRegister Now
URL:https://uwm.edu/business/event/undergraduate-business-information-session-58/
LOCATION:Lubar Hall\, N297 – Undergraduate Student Services
CATEGORIES:New Undergraduate Students
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CREATED:20241015T185845Z
LAST-MODIFIED:20241015T185845Z
UID:10000470-1730287800-1730290500@uwm.edu
SUMMARY:Undergraduate Business Information Session
DESCRIPTION:During your visit to the Lubar College of Business\, you’ll learn more about what makes our business student experience so unique. Explore Lubar student resources and facilities including our on-site business Career Center\, Applied Finance Lab\, Tutoring Center\, Technology Innovation Center\, and Deloitte Communications Lab. You’ll have the opportunity to discuss business programs and learn about opportunities for peer mentoring\, internships\, study abroad\, and more! \nAs you prepare for your visit\, you can find general information about our programs of study here. \nLubar Hall is directly across the street from the UWM Welcome Center/Lubar Entrepreneurship Center. \nYour academic information session with the Sheldon B. Lubar College of Business will be held at: \nUWM Sheldon B. Lubar College of Business (Lubar Hall)\nUndergraduate Student Services (2nd Floor- N297)\n3202 N Maryland Ave\nMilwaukee\, WI 53211-3164 \nRegister Now
URL:https://uwm.edu/business/event/undergraduate-business-information-session-59/
LOCATION:Lubar Hall\, N297 – Undergraduate Student Services
CATEGORIES:New Undergraduate Students
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DTSTART;TZID=America/Chicago:20241101T103000
DTEND;TZID=America/Chicago:20241101T120000
DTSTAMP:20260606T140612
CREATED:20241030T192230Z
LAST-MODIFIED:20241030T192230Z
UID:10000486-1730457000-1730462400@uwm.edu
SUMMARY:Dynamic Control of a Multiclass Omnichannel Production System with Applications to the Restaurant Industry
DESCRIPTION:Part of the Lubar Research Seminar Series \nSpeaker: Amir Alwan\, Lubar College of Business \nThe growing adoption of omnichannel operational strategies has transformed production systems across various sectors\, including the restaurant industry\, bringing complex challenges to demand and operations management. Concurrently\, it has spurred innovative solutions\, notably the application of dynamic pricing within restaurants that offer omnichannel ordering. Motivated by these developments\, we construct a stochastic processing network model for an omnichannel production system that caters to a market of price and delay-sensitive customers. The firm offers a variety of make-to-order (MTO) and make-to-stock (MTS) products\, accessible through both walk-in and online channels at predetermined quote times. The objective is to maximize long-run average profit through dynamic pricing\, production scheduling\, and admission control decisions. MTO orders are subject to both earliness and tardiness costs\, whereas MTS orders only face tardiness costs\, alongside holding costs for the stored MTS goods. Walk-in customers have finite patience and may abandon the system if wait times are excessive\, incurring abandonment costs. Given the analytical intractability of this problem\, we examine an approximating Brownian control problem in the heavy-traffic regime. We establish that the optimal policy is a two-sided barrier policy with a state-dependent drift rate\, which we derive in closed form\, guiding a joint dynamic pricing\, scheduling\, and rejection policy for the original production system. \n 
URL:https://uwm.edu/business/event/dynamic-control/
LOCATION:Lubar Hall\, N440\, 3202 N. Maryland Ave.\, Milwaukee\, WI\, 53201\, United States
CATEGORIES:Research Seminar Series
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