Uses linear programming tool and sensitivity analysis

Assignment Help Operation Management
Reference no: EM131375889

Chevron uses a linear programming tool and sensitivity analysis to plan refinery operations and to improve profitability. As a manager you will be required to analyze situations quantitatively to minimize costs or maximize profit.

What other considerations might a manager have to account for while planning production in such a complex environment?

Reference no: EM131375889

Questions Cloud

Explain the potential liable partners and their respective : Fully explain the potential liable partners and their respective potential liability for the following facts:A junior high baseball player aged 14 is warming up in the batter's box while standing next to another player doing the same. The two are a..
Great leaders helping to motivate : In order to have a successful business, we need to have great leaders helping to motivate and inspire their employees. Share with the class someone you feel is a great leader and how they have possibly helped to motivate others.
How does a refrigeration air dryer operate : How would a humidity control operate? What is an important consideration to take into account when replacing sensors?
What will be the firms quick ratio after petry has raised : How much can Petry's shortterm debt (notes payable) increase without pushing its current ratio below 2.0? What will be the firm's quick ratio after Petry has raised the maximum amount of short-term funds?
Uses linear programming tool and sensitivity analysis : Chevron uses a linear programming tool and sensitivity analysis to plan refinery operations and to improve profitability. As a manager you will be required to analyze situations quantitatively to minimize costs or maximize profit. What other consider..
What will an air-quality sensor typically measure : What is the purpose of a high-pressure switch in a packaged air handler?
Discuss about the post given below : From the scenario, analyze the general points between initiating civil procedures, the prevalent practices of these procedures within health care litigation solutions, and the influence of corporate structure on resolutions and subsequent legal pr..
What are the goals of competitive intelligence : Can a business be ethical? What are the goals of competitive intelligence and is it ethical to gather competitive intelligence? Identify the driving forces within the U.S. food service industry and the fast-food segment of the industry.
What would you estimate is the stocks current price : The company's stock has a beta equal to 1.2, the risk-free rate is 7.5 percent, and the market risk premium is 4 percent. What would you estimate is the stock's current price?

Reviews

Write a Review

Operation Management Questions & Answers

  Business-level and corporate-level cooperative strategy

Discuss the difference between a business-level cooperative strategy and a corporate-level cooperative strategy. Under what circumstances would you choose to develop a cooperative strategy? When is it not a good idea? Explain the approach you would a..

  In preparing its monthly performance report

For the month of April, budgeted sales were $100,000 and budgeted cost of goods sold was $80,000. Actual sales were $80,000 and actual cost of goods sold amounted to $90,000. In preparing its monthly performance report:

  Discuss their approaches to social media in the HRM context

Discuss the influence social media has (or could have) on HRM success. What are the challenges of HRM professionals using social media to learn about current and potential employees? The Wright article talks about how Facebook recruits. Bring in thre..

  Portion of the plan is sufficiently convincing

According to the textbook, in many instances an investor will first ask for a copy of a firm's ________ and will request a copy of the full business plan only if that portion of the plan is sufficiently convincing.

  Explain BATNA-What role does it play in negotiations

Explain "BATNA." What role does it play in negotiations? What happens in situations without BATNA's? Give an example of a situation in which you used your BATNA. What was the outcome?

  Describe equity theory

Please describe equity theory. Also, using a graph, please discuss how equity theory relates to the Model of Organizational Justice. Please be sure to include all of the components of organizational justice in your discussion.

  How might task interdependence have influenced that conflict

Give an example from your personal experience of how differences in tasks, personal background, and training lead to conflict among groups. How might task interdependence have influenced that conflict? Explain.

  About price-takers and price-setters

we learn about Price-Takers and Price-Setters. Pick a unique company/product in the U.S. that is a Price-Setter and discuss why that company is a Price-Setter. Secondly, pick a company/product that is a Price-Taker and discuss how they could become a..

  Probability that one of these components has defect

A production manager knows that 5% of components produced by a particular manufacturing process have some defect. Six of these components, whose characteristics can be assumed to be independent of each other, are examined. What is the probability tha..

  Evaluate information security issues facing the government

Evaluate the information security issues facing the government and identify its three biggest concerns. application: Demonstrate how the government can use authentication and authorization technologies to prevent information theft.

  Determine the expected profit of each alternative

A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity. The contractor must now make a decision on capacity for next year.

  Examine tools they give for creating an e-commerce site

examine tools they give for creating an e-commerce site. Compare se services and decide which you would use if you were actually establishing a Web store. Write a brief report indicating your choice and explaining strengths and weaknesses of both.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd