Question Details

Assignment 3: Production and Operations Management 
 
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 U.S. 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- 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 paper that answers the following:
 
1.      Analyze Marathon- product process and determine which phase is open to the greatest number of efficiency improvements. Explain your rationale.
 
2.      Discuss the relationship between the retail price of gasoline and the world demand for crude oil.
 
3.      Explain what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%.
 
4.      In June 2010, President Obama imposed a six-month deep-water drilling moratorium. Determine the impact of a continued moratorium on deep-water drilling for retail gas prices in the U.S.
 
The format of the paper is to be as follows:
o   Typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.
o   Use headers for each of the criteria, followed by your response.
o   In addition to the five to six (5-6) pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor- name, the course title, and the date.
 
Note: You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills.
 

 
 
This assignment will be graded using the following rubric:
 
Outcomes Assessed	•      Analyze a firm- operations management and make recommendations to enhance quality and increase productivity.
•      Formulate business plans based on an analysis of domestic and global operating environments, market dynamics, and electronic and internal capabilities.
•      Use technology and information resources to research issues in the functions and processes within a business enterprise and key factors affecting productivity
Grading Rubric for Assignment 3 - Production and Operations Management
 
Criteria	0
Unacceptable	20
Developing	30
Competent	40
Exemplary
1. Analyze Marathon- product process and determine which phase is open to the greatest number of efficiency improvements.  Explain your rationale.	Did not complete the assignment or did not analyze Marathon- product process and determine which phase is open to the greatest number of efficiency improvements. Did not explain your rationale; omitted key information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic. 	Partially analyzed Marathon- product process and determined which phase was open to the greatest number of efficiency improvements.  Partially explained your rationale; omitted some key information or included some irrelevant information. Completed with 70-79% accuracy, thoroughness, and logic. 	Sufficiently analyzed Marathon- product process and determined which phase was open to the greatest number of efficiency improvements.  Sufficiently explained your rationale. Completed with 80-89% accuracy, thoroughness, and logic. 	Fully analyzed Marathon- product process and determined which phase was open to the greatest number of efficiency improvements.  Fully explained your rationale. Completed with 90-100% accuracy, thoroughness, and logic. 
2. Discuss the relationship between the retail price of gasoline and the world demand for crude oil.	Did not complete the assignment or did not discuss the relationship between the retail price of gasoline and the world demand for crude oil; omitted key information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic. 	Partially discussed the relationship between the retail price of gasoline and the world demand for crude oil; omitted some key information or included some irrelevant information. Completed with 70-79% accuracy, thoroughness, and logic. 	Sufficiently discussed the relationship between the retail price of gasoline and the world demand for crude oil. Completed with 80-89% accuracy, thoroughness, and logic. 	Fully discussed the relationship between the retail price of gasoline and the world demand for crude oil. Completed with 90-100% accuracy, thoroughness, and logic. 
3. Explain what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%.	Did not complete the assignment or did not explain what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%; omitted key information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic. 	Partially explained what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%; omitted some key information or included some irrelevant information. Completed with 70-79% accuracy, thoroughness, and logic. 	Sufficiently explained what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%. Completed with 80-89% accuracy, thoroughness, and logic. 	Fully explained what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%. Completed with 90-100% accuracy, thoroughness, and logic. 
4. Determine the impact of a continued moratorium on deep-water drilling for retail gas prices in the U.S.	Did not complete the assignment or did not determine the impact of a continued moratorium on deep-water drilling for retail gas prices in the U.S; omitted key information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic. 	Partially determined the impact of a continued moratorium on deep-water drilling for retail gas prices in the U.S; omitted some key information or included some irrelevant information. Completed with 70-79% accuracy, thoroughness, and logic. 	Sufficiently determined the impact of a continued moratorium on deep-water drilling for retail gas prices in the U.S. Completed with 80-89% accuracy, thoroughness, and logic. 	Fully determined the impact of a continued moratorium on deep-water drilling for retail gas prices in the U.S. Completed with 90-100% accuracy, thoroughness, and logic. 
5. Clarity 
 	Did not complete the assignment or explanations are unclear and not organized. 
(Major issues)	Explanations generally unclear and not well organized. 
(Many issues)	Explanations generally clear and/or organized. (Minor issues)	Explanations very clear and well organized.
(Added helpful details)
6. Writing - Grammar, sentence structure, paragraph structure, spelling, punctuation, APA usage. 	Did not complete the assignment or had 8 or more different errors in grammar, sentence structure, paragraph structure, spelling, punctuation, or APA usage. (Major issues)	Had 6-7 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation, or APA usage. (Many issues)	Had 4-5 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation, or APA usage. (Minor issues)	Had 0-3 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation, or APA usage.
 
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