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Ch%207s%20mod - Operations Management MGT 3200 Dr Samia...

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Operations Management MGT 3200 Dr. Samia Siha Supplement 7 Capacity Planning
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© Copyrighted 2 Chapter Introduction – Capacity Planning Trying to follow the price of gasoline is frustrating. You just never know what the price is going to be. It seems to change a lot (without clear reasons). Gasoline prices are primarily driven by capacity that is tightly controlled by countries who extract the oil … Organization of the Petroleum Exporting Countries (OPEC), which includes countries like Iran, Iraq, Saudi Arabia, Venezuela, etc. Gas prices are also somewhat dependent on refining capacity here in the United States. When Hurricane Katrina hit the Gulf Coast (a major oil refining area), prices shot up $1.00 per gallon in a few days. Capacity of gasoline production is not expanding much. However, demand is rapidly expanding given the development of large populations in countries like China and India.
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