You work for an energy exploration company in the Bakken Shale in North Dakota. You have been asked to analyze the lowest cost options to move the oil that your company produces to refineries along the Atlantic coast in less than a week. What are your options?
What will be an ideal response?
Some of the low- to moderate-cost options that you can choose from to move the oil are pipelines, water, rail and trucks. Moving the oil by water or pipeline are very slow options, but rail and trucks should be able to get your oil across the country within the time frame you were given. Rail shipments can handle a high capacity, but rail may not be accessible to you, whereas trucks have high accessibility, but low capacity.
You might also like to view...
The process of transferring the data from the journal to the ledger accounts is posting
Indicate whether the statement is true or false
A merchandising company typically will have a high proportion of which type of cost in its cost structure?
A. Variable. B. Mixed. C. Fixed. D. Step-variable.
A type of RFID system used for inventory tracking is the ______ system.
a. active b. precise c. positive d. responsive
The ________ is an extreme change in the supply position upstream generated by a small change in demand downstream
Fill in the blank(s) with the appropriate word(s).