...In many ways, world economies hinge on the availability and affordability of gasoline. We depend on it to fuel vehicles that transport people and goods; both of which can be considered necessary for our societies to work. No matter the price of gas, people need to get to work, school or soccer practice. Goods must be moved from warehouse to stores, from New York to California to be sold and all this requires the use of gasoline. There is no close substitute for gasoline - without changing cars, vehicle owners must continue to buy gasoline to drive. There is no gas-electric conversion kit for a car and most people cannot afford to trade in their gas guzzler for a jazzy new hybrid or electric car. For these reasons, historically, the demand for gasoline has been inelastic with an estimated price elasticity of 0.25 (short run) and 0.64 (long run). This suggests that the fluctuations in prices have little impact on the actual demand and usage of gasoline in the short term while having a more, but still insignificant, impact in the long term. On the other hand, the supply of gasoline is typically considered to be elastic with a price elasticity of 1.6 (short run). This would suggest that the higher the price, the more gasoline is available to the retailers and consumers. This is true because gasoline refiners tend to produce less when prices are low in an effort to minimize losses and to help prices back to a profitable level. Since 1998 we have seen a steady increase in the price...
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...Simulation (Spring 2015) Discrete Systems Simulation Project Proposal Student: Felipe Cesar E-mail: _________@knights.ucf.edu UCF ID: XXXXXXX Xtra Gas Station Model: More revenue through Simulation Table of Contents 1. INTRODUCTION .............................................................................................................. 1 1.1. 2. GAS STATION DESCRIPTION ................................................................................ 1 PROBLEM DESCRIPTION .............................................................................................. 2 2.1. PROJECT OBJECTIVES ........................................................................................... 3 2.2. PROPOSED PERFOMANCE MEASURES TO BE EVALUATED ........................ 3 3. PROPOSED INPUT DATA, DATA SOURCES AND COLLECTION METHODS ....... 4 4. PROPOSED ALTERNATIVE SYSTEMS DESIGN ........................................................ 5 4.1. 4.2. 5. PROPOSED DESIGN 1 .............................................................................................. 5 PROPOSED DESIGN 2 .............................................................................................. 6 PROJECT PLAN ................................................................................................................ 7 List of Figures Figure 1: Xtra Gas Station Physical Layout .............................................................................. 2 Figure 2: Proposed Design 1 ...............
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...Table of Contents Page Executive Summary 2 Introduction 2 Mission 4 Conclusion 15 References 15 Table of Figures Figure 1 GSV 5 Figure 2 Refueler and Depot 7 Figure 3 Refueling Scenario 8 Figure 4 RSV 14 Table 1 Distribution of active satellites 4 Table 2 GEO Servicing opportunities 4 Table 3 GSV mass breakdown 6 Table 4 Power Budget 9 Table 5 Cost of Refueler/Depot 11 Executive Summary Launching a satellite into space with a mission to service other satellites is a plausible idea. Servicing a satellite means to somehow make it so a satellite’s design life is lengthened. This can be accomplished by refueling, assisting in orbit placement, and/or performing mechanical repairs. Satellite servicing has been done already in the past during manned space missions. The problem arises when the attempt is to be made on satellites outside of human intervention like those in High Earth Orbits (HEO). The ESA and d NASA have both put forth their ideas on how to service satellites in space. The Refueler/Depot idea suggested by NASA has the plan to launch a large satellite into space in two parts. One part is the Refueler, which is agile and movable and can dock with cooperating satellites. The other half is the Depot which stores the hydrazine fuel but remains in a constant orbit above the GEO belt. ESA’s idea is of a single satellite that will...
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...List the alternatives to combat gas station drive-offs at a chronic high-rate station/store. To this response, I have to say that gas station drive-offs are avertable by necessitating customers to prepay. Gas station/store should have security cameras to help with prevention and to help recover the ones that got away. To be honest, there are more serious crimes being committed that need the attention of our officers than a 911 call regarding a gas drive-off from a store manager. Consequently, the officer would need the information regarding the make/model of the car, the license plate information, and any information regarding the driver. Once they have all of that information, and then it's a civil matter from there. Unless the driver is scared once the officer has enough information on them and they confess, and go ahead and pay....
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...Pope 1 Garett Pope Professor Nora Kabaji English 100 Military Base Support 12 November 2010 The Military and the Community The government’s decision to build more military bases has been a topic that has surged through communities around the United States. The government is strict and deliberate when deciding where to place new installations. Yet, some local government’s and communities dispute and debate over whether establishing a base in their neighborhood would be in the best interest of the city and its patrons. The local community should support military bases that are built within the city. Military bases provide a community with many job opportunities. Gas stations, postal services, grocery stores and shopping centers blanket most military bases. These on base facilities provide civilians the unique opportunity to interact and work with military personnel. Many of the civilian employees attain and take a firm grasp of the military’s high level of expectation and professionalism. This dedication and commitment brings an abundance of praise from outside industries and companies. Also, government employees and families receive exceptional benefits. Medical, dental and health care costs are either discounted or paid for by the United States government. With rising health care costs in America, this benefit is an economic blessing to a majority of Pope 2 families. In addition, the influx in population increases the...
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...initiation of URCP are very small, the effect of predicting failures are very hard which leads to the URCP phenomenon resulting in more catastrophic failures. The characteristic of the crack follows a sinusoidal crack path with hackle marks that indicate the direction of the crack in the longitudinal crack path. Often times a crack may split in to more than one branch. Figure #2: URCP Crack Historical Issues As mentioned previously since the use of PE tubes & pipes has been a large part of the industry, the URCP phenomenon is becoming a more and more common problem in the industry. Over the course of a couple of decade the following issues have been documented. * In October 1985, an incident related to URCP occurred in a PE gas system which was reported in Szeged (Hungary) over a length of 700 m. Other long running cracks were also observed on the tubes & pipesline system. The crack was initialed at the time of installation. * In 1989, an incident occurred in Antwerp (Belgium), a rapid crack occurred in a PE water tubes & pipesline system. The crack...
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...Project Part 1 Everyone’s Gasoline Price When looking at the history of gas prices they seem to constantly fluctuate over the years. I remember before I was legally able to drive how the gas prices were extremely low. I remember going to fill my mother’s car with her and saw the gas prices were $1.10 a gallon! When I look at gasoline prices now I wonder about what happened to those times now that I am driving. After a little research into the topic I found that there are many different factors that go into the price of gasoline that I never thought about. For example I didn’t realize that gasoline varied from state to state. This is why gas prices are way high in New York and California than they are here in Georgia. In this response I will go over some of these factors as to why gasoline prices vary over the years. Much like anything else that is bought or sold on the market, gasoline is controlled by supply and demand. “If demand grows or if a disruption in supply occurs, there will be upward pressure on prices. By the same token, if demand falls or there is an oversupply of product in the market, there will be downward pressure on prices.” (thepriceoffuel.com) This very much applies to local gas stations as well. For instance if a retailer sells their gas a lot higher than the competition in the area, they run the risk of losing customers to their lower priced competition. In order to gain some of those customers back the retailer would then be forced to lower...
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...the mobile app “Gas Buddy” for Android. Gas Buddy is one of the most practical apps that I use. I use it on average only about once a week, but it can potentially save me hundreds of dollars a year in gasoline charges if I use it effectively. The way Gas buddy works is that it allows it’s users to locate the nearest gas stations to them or the gas stations in a location they will be in later in the day. This is enabled by utilizing the smart phone’s location services or GPS. In addition to that, Gas buddy will also list the prices of gas at each station for each fuel grade. Since Gas stations vary their prices based on their competition, this app really empowers the consumer by allowing them to see the prices of all the stations in the area. In the old days, we could only compare the prices of gas stations by physically seeing them AT the different stations with our own two eyes and word of mouth. Gas buddy has become our new source for word of mouth communications for gas prices. Gas Buddy is designed so that it’s users post the prices themselves, with the users becoming the dynamic source data that is required for and displayed by Gas buddy. This means that Gas buddy is constantly changing and always up-to-date. On the flip side, Gas buddy is similar to Wikipedia in that it uses open-source data and that data is not 100% reliable. It could, in theory, be 100% unreliable at times. It is completely dependent upon the integrity of it’s users. That said, Gas buddy is successful...
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...A. Are people getting what they pay for at the gas pump? B. The 20 gas stations are giving people what they pay for. The amount of gas pumped will vary no more than five percent. 1. C. Randomly select 20 different gas stations in the area you live. 2. Drive to those gas stations. Put on your mask, gloves, and goggles. 3. Mark your graduated cylinder at 1893 milliliters/0.5 of a gallon. 4. Pour 0.5 of a gallon into a gas can to get the air out of the line. 5. Next, slowly pour the gas from the gas pump into the graduated cylinder until the gas pump reads exactly one gallon. Therefore, you will be pumping in exactly one half gallon of gas into the cylinder. 6. Record the level of gas in the cylinder at the bottom of the meniscus. Volume will be recorded in milliliters rounding to the nearest 5 milliliters. 7. Gas was poured from the cylinder into a certified gas container, and then subsequently poured into the vehicle’s gas tank. 8. Repeat this process at the selected gas stations. 9. Record data by writing the name of the gas station and the number of milliliters measured in the graduated cylinder. D. Title: Gasoline Retail Prices, U.S. City Average, 1974-1999 Author: Unknown Publisher: World Almanac and Book of Facts Copyright: 2000 Page number: 165 Volume: ¼ Edition: 1 Title of magazine: Sierra Title of article: Paying at the Pump Author of article: Hamilton, Joan and McManus, Reed Issue date: June 1993 ...
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...applications. I recently upgraded my Smartphone from a Blackberry device, to a phone with the Android operating System, a Motorola Droid Maxx. I was stunned to find so many applications that I could download and use for free. Since I upgraded my Smartphone to the Motorola Droid Maxx at the height of gas prices barreling out of control, I wanted to find an application that could assist my family and me, in finding the cheapest gas station around my current home since I primarily fuel at gas stations near there. In the past, I used to drive to different gas stations in the neighborhood to check the prices of each station until I found the one with the cheapest prices. At times I ended up driving back to the previous station to get the lowest prices. The gas stations are only a few short blocks or up to ½ a mile away from one another so it was not a big burden to drive back and forth. The first thing I did was research apps and find an app that could easily do the work of finding the cheapest stations for me. I found an app named “GasBuddy.Com”. I downloaded the app and quickly found out I was behind in technology! The app is set up to provide the user with the cheapest gas stations, whatever area the user is in, FOR FREE! It works for all the states within the United States as well as Canada. It could be adjusted by the user to...
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...Silver Bullet, Inc. William “Bill” I. Young 1116 Shoal Creek Road | Burnsville | NC 28714 Property Location: 4075 Hwy 19E | Burnsville T:828.208.0006 1|P a g e COUNTER OFFER TO SUMMARY/OFFER TO PURCHASE REAL PROPERTY Submitted to the State of North Carolina Department of Transportation OVERVIEW Retail gasoline businesses, such this gas station and convenience store, are single-purpose economic enterprises. Because of their specialty of design, they cannot be readily converted to other types of businesses without a significant loss in value. Gas station convenience stores are special-built properties designed to make money in only one way, and they are not easily adapted to other uses. These businesses derive a significant part of their gross sales, about 50 percent, from the sale of motor fuels (National Association of Convenience Stores, 2006). The Silver Bullet recorded at one time 77% of gross sales from the sale of gasoline. This business also sold propane and kerosene (2000 UST). This site has (1) 8,000, (2) 6,000, and (1) 2000 gallon warranted (40 yrs) USTs for fuel (installed by Southern Tank & Pump, NC). stations, and canopies, which are situated on-site but separate from the building. Design features create and significantly influence the property value. For example, the fuel service is so specially-designed that if it becomes no longer profitable to sell motor fuel at a particular site, the contributory value of the fuel service will be zero or even negative...
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...oil and gas company with its headquarters at the Netherlands. It has operations in over 90 countries and has 44,000 service stations worldwide. Shell has been in Brunei Darussalam since 1929 with over 14,000 staff and contractors. Presently, there are 4 venture companies in Brunei which includes Brunei Shell Petroleum Sendirian Berhad (BSP), Brunei Liquefied Natural Gas (BLNG), Brunei Shell Tankers (BST) and Brunei Shell Marketing (BSM). BSM is a joint venture between His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam and Shell Overseas Holding Limited. BSM operates at Bandar Seri Begawan, Mura Depot and Brunei International Airport Depot with over 70 employees. BSM is the downstream line of the oil and gas industry in Brunei Darussalam. This means that BSM is responsible for marketing and distributing Shell fuels and other products such as lubricants, Jet fuels and Bitumen. Retail Stations BSM is the sole distributor of fuels in the country with 38 retail stations across the 4 district in the country. Currently, of the 38 stations in the country two of which is Company Owned and Company Operated (COCO) and the remainder are Dealer Owned Dealer Operated (DODO). However, BSM faces competition on their other products such as lubricants and Bitumen. Current state Currently, only the two COCO stations are up to par with Shell Global Standards while most DODO dealers are still not taking steps to improve the current situation of the retail stations. Shell Global...
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... (FOR SHELL FOOD & GAS STATION) Executive Summary/Proposal: wheeling is a small town with a population 3,400. Located on rural Highway 255, the town is 30 miles south of the city of Chicago and 34 miles north of the city of Wisconsin. Highway 255 connects Chicago and Wisconsin that both have universities and a cumulative population of 200,000 residents. The highway is the main road through town and is used daily by thousands of commuters between the two cities. These commuters sustain a number of road side businesses on Highway 255 that sell flowers, produce and bakery products. In order to get gas in the Wauconda area, commuters currently have to leave the highway and drive three miles into the edge of town. Shell gas station's Food and Gas will offer these commuters gas, organic produce, and a deli. On the way to work, a commuter could stop for gas and pick up a sandwich. On the way home, the same commuter could stop again to pick up something for dinner. Objective: •To capture an increasing share of the commuter traffic passing through Wauconda. •To offer our customers superior products, at an affordable price. •To provide customer service that is second to none •Good quality products at competitive prices. •Excellent customer service that will promote customer loyalty. •A location that will assure that commuters will stop. Mission The mission of Shell’s Food and Gas is to offer commuters on Highway 255 competitive gas prices and great food. The...
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...always thinking of the next business idea. This time, he plans to invest in buying two gas stations. He reckons American consumers have come to accept the high gasoline prices, and estimates world prices for gasoline will increase even further due to increasing high demand from India and China. Besides, Cousin Edgar thinks he will make a good profit on the sale of convenience items at each station. But before buying the gas stations, he decides to ask for your advice since you are taking this course in Business Economics. You recall reading about making pricing decisions for gasoline on pages 173-174 of the textbook. You also recall reading about perfectly competitive markets in Chapter 12, and the need for differentiation in Chapter 13. Being skeptical of Cousin Edgar’s optimism on the profitability of selling gasoline and convenience items, you decide to research the significance of the influence that macroeconomic conditions can have on the success of a gas station. So you research the economy in terms of GDP growth rate, interest rates, level of unemployment, the business cycle, fiscal policy, monetary policy, international trade, and demographics. You want to provide Cousin Edgar with the most informed advice possible. In addition to macroeconomic issues, you also evaluate the gas station idea from longer-term perspectives.” My Cousin Edgar is considering opening a chain of gasoline stations. He projects this will be a lucrative investment since over the last several year’s...
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...Thanh Long S3245909 Nguyen Ngoc Tuan S3259247 | Lecturer and Group number: | Suhor Anuar – Group 2 | Assignment due date: | Thursday, 09 May, 2013 | Date of Submission: | Thursday, 09 May, 2013 | Late Submission Approval: | | Number of pages including this one: | | Word Count:(Main Content – excluding appendices) | | Table of Contents Assignment Cover Page 2 Table of Contents 3 I. PROJECT OVERVIEW 3 II. SUMMARY OF PROBLEMS IDENTIFICATION 3 1) Problem 1: Dishonest employees 3 2) Problem 2: inconvenience of the gas station 3 3) Problem 3: Huge loss due to the high salary for the workforce 3 III. PROJECT OBJECTIVES 3 IV. ANALYSIS & DIAGNOSIS 3 1) Problem 1: Dishonest employees 3 2) Problem 2: Inconvenience of the gas stations 3 3) Problem 3: Huge loss due to the high salary for the workforce 3 V. LITERATURE REVIEW 3 1) Problem 1: Dishonest employees 3 2) Problem 2: Inconvenience of the gas stations 3 3) Problem 3: Huge loss due to the high salary for the workforce 3 VI. RESEARCH METHODOLOGY 3 VII. FEASIBILITY OF RECOMMENDATION /...
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