Production and Operations Management Strayer University May 14, 2011 Production and Operations Management On April 20, 2010, the Deepwater Horizon drilling rig exploded fifty miles from the coast of Louisiana, killing eleven men and setting off the largest oil disaster in U.S. history. Its impact would reverberate well beyond the Deepwater Horizon and the families of the eleven men who died, and even beyond the people and places of the Gulf of Mexico. Known as the BP spill, this tragedy
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“Marathon” Robin Griggs Strayer University The Business Enterprise, BUS 508 006 016 Dr. Etido Akpan February 11, 2011 Abstract In this paper I will explain one possible option that Marathon could take to reduce the time involved in the production process, discuss the relationship between the retail price of gasoline and the price of crude oil, explain what Marathon could do to keep the price at the pump the same without losing profits if the price of crude increased
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Marathon Oil Corporation is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing, and transportation (Marathon Oil Corporation, 2009). The key to optimizing production and resource development is quick and accurate description of oil and gas reservoirs (Marathon Oil Corporation, 2009). For crude oil to be processed into gasoline, diesel fuel, and other petroleum products, it takes about four to eight days (Marathon
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# 3 Production and Operation Management Presented to Dr. Terry Dowdy By Calvin J. Gaiter August 7, 2011 Explain one possible option that Marathon could take to reduce the time involved in the production process. One likely option that Marathon could take to reduce the time involved in the production process is to restructure how the production and operations managers manage the every day work of the people and machinery. Marathon uses an analytic production system,
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Production and Operations Management The Business Enterprise-BUS508 Dr. John Woodard Tammy English Strayer University August 11, 2011 Marathon is an integrated international energy company engaged in exploration and production; oil sand mining; integrated gas; and refining, marketing, and transportation operation. Marathon is among the top five crude oil refineries in the United States, so surely there is a way to reduce the time involved in the production process. The major crude
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Production and Operations Management Introduction Improving the operations of a company that will enhance productivity and product quality may not only certainly benefit a company’s bottom line, but can also benefit national interests. Marathon Oil, for example, is the United States’ “fifth largest transportation fuel refining company and the largest in the Midwest” (“Corporate Profile”). This Findlay, Ohio based company’s operations “include a six-plant refining network, a comprehensive
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Production and Operations Management Marathon Oil Corporation (Marathon Oil) is an integrated international energy company. It is engaged in the exploration and production of crude oil and natural gas, as well as in the domestic refining, marketing and transporting of petroleum products, integrated gas business and oil sands mining. The company’s principal operating subsidiaries include Marathon Oil Company (exploration and production) and Marathon Petroleum Company LLC (refining, marketing and
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Oprtns Mgt Production and Operations Management Laretha Moss Strayer University Dr. John Theodore November 14, 2010 Abstract Building more ports and pipelines to transport and distribute crude oil could reduce the time involve in the production process. Gasoline is refined from crude oil. . In general OPEC sets most of the price of crude oil and therefore the price of gas. The Organization of the Petroleum Exporting Countries (OPEC) makes the decisions concerning crude oil, therefore, if
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Production and Operations Management Analyze Marathon’s product process and determine which phase is open to the greatest number of efficiency improvements. Explain your rationale. Marathon oil is considered the fourth largest oil company in the United States. They are engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation (www.marathonoil.com). Marathon Oil Corporation operates seven refineries and sells refined products at Marathon-branded
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Production and Operations Management The Business Enterprise-BUS508 Dr. John Woodard Tammy English Strayer University August 11, 2011 Marathon is an integrated international energy company engaged in exploration and production; oil sand mining; integrated gas; and refining, marketing, and transportation operation. Marathon is among the top five crude oil refineries in the United States, so surely there is a way to reduce the time involved in the production process. The major crude
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