Production and Operations Management - Assignment Example

Only on StudentShare

Extract of sample
Production and Operations Management

Relationship between gasoline price and crude oil demand Crude oil is a naturally occurring liquid which mainly contains hydrogen and carbon. Crude oil is the major component in the production of fuel for cars, trucks, trains, boats, and airplanes. In addition, crude oil is also used for wide varieties of other purposes. The fractional distillation of gasoline produces an output known as gasoline. Gasoline is mainly used as fuel in internal combustion engines. Gasoline is traded in regional market; whereas, crude oil is the part of global market. Generally, the price of a commodity increases as demand increases (there are some exceptions to this rule) (Oxford). Since crude oil is a non-renewable energy source, its demand will not fall regardless of its price variation. Hence, when the demand for crude oil increases, its price also increases. Crude oil prices have a direct impact on the gasoline prices as crude is the major raw material used in the production of gasoline and other petroleum products. “Crude oil accounts for 55% of the price of gasoline while distribution and taxes influence the remaining 45 %” (Mazeel, 2010, pp.106-107). To illustrate, one barrel of crude oil contains 42 gallons of oil. ...Show more

Summary

Production and Operations Management Marathon Petroleum Corporation: Case Study Production and Operations Management Marathon Petroleum Corporation: Case Study Introduction Marathon Petroleum Corporation (MPC) is the fifth largest US refiner which engages in extensive marketing and transporting operations, and is based in Findlay, Ohio…
Author : gleasonterence
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Production and Operations Management"
with a personal 20% discount.
Grab the best paper

Related Essays

Marketing and Operations Management in Philips Electronics
Table of Contents Overview of the Company 3 Marketing Part 4 External Environment 4 Marketing Strategy of Philips 6 Market-Oriented Nature of Philips 6 Marketing Tools Utilised By Company 8 Four P’s of Philips Electronics 9 SWOT Analysis 11 Recommendations/Solutions to the Company 13
15 pages (3750 words) Assignment
Conducting a Market
According to the paper in today’s dynamic and competitive environment, it is vital for every organisation to keep track of the changes happening in its surroundings so that it can maintain its competitive edge in the market. Dynamic changes is causing products and business processes to change at a rapid pace and to succeed in such an environment.
19 pages (4750 words) Essay
Operational Management Issues for Services - The dimensions of operations management
of effective services and goods. It deals with the management and design of products, services, process as well as supply chain. The dimension of operations management ranges from strategic level to operational level. The issues in strategic level consist of determination of location and size of manufacturing plants and designing of technology in supply chains among others.
10 pages (2500 words) Essay
The concepts of supply chains and distribution channels
Name Professor Institution Completed the part D&E of the whole essay Date 1) Briefly outline the concepts of supply chains and distribution channels with reference to theory.  While supply chain is a new concept, it is relatively older than people can imagine.
6 pages (1500 words) Essay
Operations Management of BP Plc (British Petroleum)
This is supposed to ensure quality performance and competitiveness. The intention of this essay is to examine management operations in the British Petroleum company. Operation management of BP focuses on transforming raw materials into labor material. This paper focuses on Porter’s five forces and the use of strategic groups in the achieving BP targets.
8 pages (2000 words) Essay
Strategic Analysis of Apple
It was founded by Steve Jobs, Steve Wozniak and Ronald Wayne in the year 1976. Apple is currently headquartered at Apple Campus, 1 Infinite Loop, Cupertino, California, U.S (Linzmayer, 2004). According to reports the company is currently at the second position in terms of revenue just after Samsung Electronics.
8 pages (2000 words) Essay
Marketing Campaign for a Successful Product Launch
0 Conclusion 6 6.0 Recommendations 7 References 7 1.0 Executive summary This report is a submission to the senior management team of Nokia Company. It reports on the marketing campaign plan that was devised for use in South Africa where the company is planning to launch its two new brands namely: Nokia Lumia 920 and Nokia Lumia 820.
4 pages (1000 words) Essay
Customer relationship management CRM
Hence, a flexible business and marketing strategy is essential for every business houses (Pride and Ferrell, 2012). In the similar way, the business environment of UK is somewhat uncertain and as a result of that companies are required to formulate strategies in a manner that fits with the nature of the environment.
6 pages (1500 words) Essay
Marketing Research on Internet Television
The paper dwells on the rapid popularity increase of computers at the cost of television in Britain. The study examines the use of various digital devices, like computer, ipod, mobile phone, and personal digital assistants (PDA), instead of TV. The work provides a survey with the sample of the questionnaire and description of the interview and focus group respondents.
8 pages (2000 words) Essay
Production and operations Management
This paper will mainly explore the process of converting crude oil to consumer fuels, such as gasoline for transportation. Crude oil is a naturally occurring liquid which mainly contains hydrogen and carbon. Crude oil is the major
5 pages (1250 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT