Assignment 3 - Assignment 3: Production and Operations...

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Assignment 3: Production and Operations Management BUSINESS ENTERPRISE INSTRUCTOR: SHANA WEBSTER TROUTMAN 5/11/11 DANIEL STUDDARD
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1. Analyze Marathon’s product process and determine which phase is open to the greatest number of efficiency improvements. Explain your rationale. Marathon Oil operates around the globe. Marathon Oil is one of the leading energy companies in the world. Marathon production process operates the majority of the refinery across the Midwest, Gulf Coast, Upper Great Plains and Southeast regions. The refineries are strategically located in the United States, making the refineries accessible to major markets . Marathon could take to reduce the time involved in the production process by utilizing one component to increase the gasoline manufacture production process would be to pick up the pace during the pipeline transportation. Pipelines are the most efficient way to transport a magnitude of natural gas, oil and refined oil products. Liquid petroleum pipelines also can be built under the sea. That process is economically and technically very demanding(www.marathon.com). Oil pipelines are made from steel or plastic tubes and transport rate is determined by the diameter of the pipe, and requires large investments. But after activation of the pipeline, service provides great convenience and pays for itself quickly. System brings a mass transportation advantage that can carry long distances without interruption, generates significantly time advantage, does not affected by the weather conditions, and provides safer transport opportunities. There are multi- product pipelines and they are used to transport two or more different products in sequence in the same pipeline. To speed up the production process the pipeline transportation is the great plausibility. Especially to transport the larger quantities of crude, liquid petroleum products, refined oil or natural gas, over land, pipelines are the most wisely, economical way they have higher capacity and lower cost per unit(www.marathonpetroleum.com).
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2. Discuss the relationship between the retail price of gasoline and the world demand for crude oil. The relationship between the retail price of gasoline and the price of crude oil coincide with each
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This note was uploaded on 05/25/2011 for the course BUSA 1103 taught by Professor Wright during the Fall '10 term at Savannah State.

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Assignment 3 - Assignment 3: Production and Operations...

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