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STR BUS 508 Week 3 Assignment Productio .pdf


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BUS 508 Week 3 Assignment Production
and Operations Management Marathon
Oil
Check this A+ tutorial guideline at
http://www.assignmentcloud.com/BUS508/BUS-508-Week-3-AssignmentProduction-and-Operations-ManagementMarathon-Oil
The Strayer MBA program prepares students for careers in business
from a holistic perspective. As such, it is important to understand the
interrelationship between our physical environment and how it is
impacted by business processes. The worst oil disaster in US history
began in April 2010. Its effects on the environment will remain unknown
for decades to come. This assignment explores the process of converting
crude oil to consumer fuels, such as gasoline for transportation.
Required: 1. View the video: The Time it Takes to Provide America’s
Transportation Fuels at
http://www.marathonpetroleum.com/the_time_it_takes/index.htm
2. Read the corporate profile of Marathon Oil at
http://www.marathon.com/ You are to write a five to six (5-6) page
report that answers the following:
1. Explain one possible option that Marathon could take to reduce the
time involved in the production process.
2. Discuss the relationship between the retail price of gasoline and the
price of crude oil.

3. Explain what Marathon could do to keep the price at the pump the
same without losing profits if the price of crude increased 10%.
4. In June 2010, President Obama imposed a six month deep water
drilling moratorium. If the US government prohibits deep water drilling
off the US coast, discuss how the US oil companies can remain
competitive in the US market when over 35% of crude oil is currently
sourced from domestic deep water drilling.

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