Production and Management

Running head: Production and Operations Management fitting 3: Production and Operations Management 1. Analyze the kindred between the sell footing of flatulency and the world requirement for blunt oil. In the U.S, the cost of a gallon of gasoline is determined by production and operational management, federal and stir taxes, refining and dissemination cost, securities industrying, retail and profits. Gasoline termss fluctuate in local markets callable to competitiveness, world events and disruption in the refinery mental process. The bumpy oil market and gasoline market are entangled. However, there are few instances when changes in their perspective markets are not comparable. The escalation of gasoline prices universal is under scrutiny be rush along the cost of gasoline signifi brush offtly impacts the budgets of consumers. The relationship between yokelish oil prices and gasoline cost at the pump egress broken. Retail prices for gasoline rise more quickly than unsmooth oil and decrease much gradual than unprocessed oil. in that respect have been instances when the price of approximative oil held steady and at the same time the price of gasoline profit progressively.

The increase in gasoline prices sometimes crumb be attributed to a slowdown in processing so creating reductions of supply. World situations can disrupt the supply and demand which could assume the price of peeled oil. Some crude oil price increases are temporary, dapple others reflect longer-lasting market changes. Supply cutbacks, surges in demands, refinery outages can precedent tem! porary price increase called prices banishs. pause of refining process caused by natural disasters can cause a spike in gasoline prices. The increase of orbicular demand for crude oil is ultimately the reason why for higher gasoline prices (Factcheck, 2011). 2. Explain what Marathon could do to hold open the price at the pump the same without losing profits if worldwide crude production decreased by 10%. If planetary crude production...If you want to get a full essay, fiat it on our website: BestEssayCheap.com

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