Economics as defined in the text is ’the study of how human beings coordinate their wants and desires‚ given the decision-making mechanisms‚ social customs‚ and political realities of the society’. (Colander‚ 5th Ed) Encarta defines economics as ’the study of production‚ distribution‚ and consumption of goods and services’. So basically economics is how to produce something people want‚ whether it is a tangible item or a service to them. This study however is not as cut and dry as it may sound‚ for
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Reliance Industries Limited (RIL) Financial performance for the quarter / year ended 31st March‚ 2014 April 18‚ 2014 at 6:42am RECORD REVENUE OF ` 401‚302 CRORE ($ 67.0 BILLION)‚ UP 8.1% RECORD NET PROFIT OF ` 21‚984 CRORE ($ 3.7 BILLION)‚ UP 4.7% RECORD PBDIT OF ` 39‚813 CRORE ($ 6.6 BILLION)‚ UP 2.7% HIGHEST EVER ANNUAL AND QUARTERLY EBIT FOR REFINING BUSINESS RECORD CONSOLIDATED NET PROFIT OF ` 22‚493 CRORE ($ 3.8 BILLION)‚ UP 7.7% Reliance Industries Limited (RIL) today reported its financial
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Assignment – 1 BPCL KOCHI REFINERIES BPCL KOCHI REFINERY Kochi Refinery‚ a unit of Bharat Petroleum Corporation Limited (BPCL)‚ embarked on its journey in 1966 with a capacity of 50‚000 barrels per day. Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited‚ the refinery was originally established as a joint venture in collaboration with Phillips Petroleum Corporation‚ USA. Kochi Refinery‚ located at Ambalmugal
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sorts to consider regarding why we pay what we pay for gasoline. The formula is: crude oil + refining process + retail sales/distribution + taxes = gasoline price. A good example of a sudden price change can be found in Hurricane Katrina. Many oil refineries and drilling operations were wiped out because of the hurricane‚ causing a spike in the gasoline prices because of the sudden decrease in supply. (Roy‚ 2010) We at the delivery company have put together a data set to help report on the effects
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analysis and develop a simple‚ logical and systematic approach that has been proven successful in pinpointing the vast majority of the most common machinery problem. We intend to do a project on “Vibration analysis of centrifugal pump at BPCL Kochi Refinery”. The vibration analysis we have done is a part of predictive maintenance on rotary equipments. This technique is mainly used for the improved performance of equipments. Using this we can predict the condition of internal parts of the equipment.
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SOCIAL RESPONSIBILTY REPORT ON TESORO Introduction - Tesoro Corporation (NYSE: TSO)‚ a Fortune 150 company headquartered in San Antonio‚ Texas‚ is an independent refiner and marketer of petroleum products. In 2012‚ their refinery operations included seven refineries in the western United States with a combined capacity of approximately 675‚000 barrels per day‚ which refine crude oil and other feedstock into transportation fuels‚ such as gasoline‚ diesel‚ jet fuel and other products‚ including
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Assignment #3: Production and Operations Management Marathon Oil – Case Study November 10.2010 BUS 508: The Business Enterprise Explain one possible option that Marathon could take to reduce the time involved in the production process. Oil refineries are huge sized plants‚ processing an average of a hundred thousand to several hundred thousand barrels of crude oil a day. Using process optimization‚ Marathon could reduce the time involved in the production process. The goal is to maximize one
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Runninghead: Perfect Competition Gasoline Market: Price and Quality Nathalar Washington Argosy University October 2‚ 2011 Paul Tovbin The choices of gas stations that I have to choose from in my local area are QT‚ Shell‚ and Chevron. I personally liked Chevron for the techron that cleans your engine. But my husband started using QT gas when we moved into this neighbor because there are no Chevron’s close around
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Koch Industries: Making the World Better? Sheila Turner Bridgewater State University Author Note This paper was prepared for COMM 353 W01 11811 Corporate Communication/ Social Responsibility Spring 2018. Koch Industries: Making the World Better? Koch Industries Overview Koch Industries is a privately held United States company owned by two brothers and has a net worth of over $100 billion with their primary headquarters in Wichita‚ Kansas. They are comprised of sixteen industries and
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Summary of Weekly Petroleum Data for the Week Ending April 25‚ 2014 U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending April 25‚ 2014‚ 26‚000 barrels per day less than the previous week’s average. Refineries operated at 91.0% of their operable capacity last week. Gasoline production decreased last week‚ averaging over 8.6 million barrels per day. Distillate fuel production decreased last week‚ averaging over 4.9 million barrels per day. U.S. crude oil
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