Assignment – 1
For
Business Policy and Strategy
MBCG 743
University of Petroleum & Energy Studies
Section A
Write short notes on any FOUR of the following. (4 X 5)
01. Critical resource.
02. Team hiring.
03. Common buying factor segments.
04. Mission statement.
05. Core competencies.
Section B
Answer any THREE of the following. (3 X 10)
01. Strategy formulation, implementation and evaluation are not separate water tight compartments. Justify.
02. Define Information Systems.
03. As company gets bigger, it must not only change the way it operates; it must also put ahead its time horizon. Elaborate
04. Strategic management is not a single, simple action but a series of related decisions and actions. Explain.
Section C
Read the case below and answer the questions that follow. (50)
Deys’ Lab
Dr. Sukumar inherited his father’s Dey’s Lab in Delhi in 1995. Till 2002, he owned 4 labs in the National Capital Region (NCR). His ambition was to turn it into a National chain. The number increased to 7 in 2003 across the country, including the acquisition of Platinum lab in Mumbai. The number is likely to go to 50 within 2-3 years from 21 at present. Infusion of Rs. 28 crores for a 26% stake by Pharma Capital has its growth strategy.
The lab with a revenue of Rs. 75 crores is among top three Pathological labs in India with Atlantic (Rs. 77 crores) and Pacific (Rs. 55 crores). Yet its market share is only 2% of Rs. 3,500 crores market. The top 3 firms command only 6% as against 40-45% by their counterparts in the USA.
There are about 20,000 to 1,00,000 stand alone labs engaged in routine pathological business in India, with no system of mandatory licensing and registration. That is why Dr. Sukumar has not gone for acquisition or joint ventures. He does not find many existing laboratories meeting quality standards. His six labs have been accredited nationally whereon many large hospitals have not thought of accreditation; The College of American pathologists’ accreditation of Dey’s lab would help it to reach clients outside India.
In Dey’s Lab, the bio-chemistry and blood testing equipments are sanitized every day. The bar coding and automated registration of patients do not allow any identity mix-ups. Even routine tests are conducted with highly sophisticated systems. Technical expertise enables them to carry out 1650 variety of tests. Same day reports are available for samples reaching by 3 p.m. and by 7 a.m. next day for samples from 500 collection centres located across the country. Their technicians work round the clock, unlike competitors. Home services for collection and reporting is also available.
There is a huge unutilized capacity. Now it is trying to top other segments. 20% of its total business comes through its main laboratory which acts as a reference lab for many leading hospitals. New mega labs are being built to Encash preclinical and multi-centre clinical trials within India and provide postgraduate training to the pathologists
Questions:
(i) What do you understand by the term Vision? What is the difference between ‘Vision’ and ‘Mission’? What vision Dr. Sukumar had at the time of inheritance of Dey’s Lab? Has it been achieved? (15)
(ii) For growth, what business strategy has been adopted by Dr. Sukumar? (10)
(iii) What is the marketing strategy of Dr. Sukumar to overtake its competitors? (10)
(iv) In your opinion what could be the biggest weakness in Dr. Sukumar’s business strategy? (15)
Assignment -1
For
Petroleum Economics
MDSO 821
University of Petroleum & Energy Studies
Last Date of Submission :-15th Sep 2012
Serial Section Topic Marks
1 Section A i. Short Notes on a Holistic View of Worldwide Petroleum Economics with specific reference to Crude Price rising per Barrel of Oil will leads to refinery margin of India 5
ii. Please do physical performance comparision of ONGC and OIL. Give various Ration Analysis of ONGC and OIL, Elaborate profitability Ration and Cash Flow Ration . As per your view which company is more agreessive as per market capitalization 5
iii. Short Notes on Upstream vs. Downstream Petroleum Operation Cost Factors 5
iv. Please give pipe line transportation of Case Study of GAIL :HBJ Pipe Line , please elaborate how Natural Gas Costing can be done in case imported LNG 5
2 Section B i. Elaborate in details e-commerce application of oil and gas sector. Give details discussion of various model comparison of e-business in BP , GAIL , IOC etc . How e-tendering become normal affairs in Indian Oil PSU 10
ii. Long Notes on Major Factors Affecting Upstream Petroleum Economics 10
iii. Long Notes on Indian Government’s Latest Strategies & Policies Controlling Oil & Gas Retailing Prices. Do you feel decontrolling retail price will leads t o what practical problem 10
3 Section C i. Case Study of Key upstream role separation through alliance Partnership at Down Stream Economics, with impact of E-business opportunity 25
ii. Case Study of Retailing Innovation in Petrol-Economics , comments of Private Retailing successful or failure 25
N.B. -> Read Detailed Questions & Instructions, Given Below, Before Answering the Above Total Marks 100
Section A
i. The student, on successful coverage of the subject of Petroleum Economics, is expected to present his / her abridged conception of Worldwide Petroleum Economics from a Holistic perception & along with recent trend of per. reference to Crude Price rising per Barrel of Oil will leads to refinery margin of India
ii. A student should study in details about physical ration of ONGC and OIL performance evaluation. The qtrly. Balance sheet and annual balance sheet should be carefully studied? . ONGC ‘ s market capitalization vis.- a- vis. OIL should be elaborated
iii. The student should acquire an overview of the major Cost Factors in Upstream & Downstream Petroleum Operations and then comprehend their differences. Short Notes on Upstream vs. Downstream Petroleum Operation Cost Factors, should have more studies on “ reference material , internet material”
iv. GAIL :HBJ Pipe Line , please elaborate how Natural Gas Costing can be done in case imported LNG Short Notes on Natural Gas Demand & Supply in India, & role of GAIL India, and How MMBTU Concept is a solution of imported LNG mixing with Indian Natural Gas
Section B
i. Student should elaborate in details e-commerce application of oil and gas sector. Give details discussion of various model comparison of e-business in BP , GAIL , IOC etc To give sanp shots of e-tendering of one PSU ( REFER INDIANOILTENDERS WEB SITE)
ii. Upstream Petroleum Economics are very volatile since the chances of losing the indispensably big investments are huge. The degree of mitigation of these chance dynamics depends a lot on the efficient & adept management of the factors affecting this volatility. The student is required to study & describe the most important factors in detail.
iii. A bit of qualitative research on Government of India’s strategic petroleum policies needs to be carried out by the student in conjunction with the practical effects of these types of control, before describing these in detail.
Section C
i. Case Study of Key upstream role separation through alliance Partnership at Down Stream Economics, with impact of E-business opportunity, cost under-recoveries are humongous in the petroleum refining sector in India. The student should choose any Indian refinery, study the different causing factors and categorically describe the economics governing these alongwith the ways a refinery compensates for these.
ii. The student should choose any Petroleum Retail Outlet (preferably Company Owned Company Operated Outlet), observe keenly to find scopes for reduction of redundant processes & improvement of economic efficiencies, discuss with the operating officers & managers on ways to improve business economics (micro-level) of petrol retailing (the student may concentrate only on non-commercial customers), question & understand the economics improvement measures already undertaken by that Company, try to find innovative & further efficient ways of petrol retailing and then categorically describe the same. Case Study of Retailing Innovation in Petrol-Economics , comments of Private Retailing successful or failure
Assignment – 1
For
Subject : PETROLEUM LAW & POLICY
Subject Code :MDSO811
(Last Date to submit : 15th Sep 2012)
University of Petroleum & Energy Studies
Assignment I
PETROLEUM LAW & POLICY
Section A
Write short notes on the following: ( Each Question carries 5 marks.)
(Total 20 marks)
1. Write a short note on ‘Petroleum Exploration License’.
2. What is the position of Private Investors at present under NELP?
3. Differentiate between ‘Bill of lading’ and ‘Letter of Credit’.
4. Define : (a) INCOTERMS (b) Worldscale.
Section B
Write long answers on the following : ( Each Question carries 10 marks.)
(Total 30 marks)
5. Comment on the impact of Policy Changes and Reforms made by Government in Petroleum Sector.
6. ‘Role of Attorney cannot be ignored and is an essential component with reference to cases filed by or against a company.’ Provide your comments on the same.
7. Explain the different categories of Contract as Part of Trading Activities in Petroleum Procurement.
Section C (Total 50 Marks)
Case Study I (25 Marks)
The TransMed line was completely driven by state interests. All the initial negotiations were between Sonatrach and Eni, the state oil companies of Algeria and Italy, with the Tunisian government joining later. Thus all the contractual relations were based upon government agreements. There was a strong political will to make the project work. For example, when there was a problem over the gas price negotiations, the Italian government offered a “political subsidy” to the tune of US$0.40 per million British Thermal Units (MBtu) to bridge the gap between the two sides. However the Algerian Company disagreed with the subsidy made and there arose a conflict between the two companies.
Answer the following questions.
(i) Would the situation be same, if the Algerian Government offers the subsidy. Give reasons.
(ii) Explain the Governmental interventions in controversy arriving between the oil companies.
Case Study II (25 Marks)
An Indian Oil Company ‘X Ltd’ entered into a drilling contract with an Australian Oil Company ‘Y Ltd’. The contract prefaced for settlement of disputes by arbitration, the proceedings of which were to be governed by the Indian Arbitration Act. Disputes arose and accordingly two Arbitrators and an Umpire were appointed. The Arbitrators entered on the reference in Australia which was the venue for arbitration. This was not accepted by the Indian Oil Company. The conflict still remained.
(i) If you were an Arbitrator, how would you jurisdicate on the matter ?
(ii) In your opinion , the reference made to Austrian case was valid or Invalid . Explain.
Assignment – 1
For
Project Management and its Applications
MBCQ 724
(Last Date to submit : )
University of Petroleum & Energy Studies
Subject : Project Management and its Applications
SECTION-A
ATTEMPT ANY FOUR QUESTIONS FROM Q1 TO Q6. [ 4 x 5 = 20 Marks]
Q1. What are the unique features and attributes of a project?
Q2. What are the various costs components of a project?
Q3. Differentiate between fixed capital and working capital costs?
Q4. What are the pre-contract documents of a project?
Q5. Explain the process of time estimation for finding out the project completion period.
Q6. “Procurement plays an important role while executing a project”. Justify this statement
with suitable example.
SECTION-B
ATTEMPT ANY THREE QUESTIONS FROM Q7 TO Q10. [ 3x 10 = 30 Marks]
Q7. How Project Cost is established? Explain the importance of various risk components and contingency plans used while calculating the project costs with suitable examples.
Q8. Describe the importance and use of project coordination procedure. How project schedule is monitored using different techniques while executing a project? Explain with suitable examples.
Q9. What are the important activities of a project procurement process? List the important factors which play important role in reducing the procurement periods with suitable examples.
Q10. How manpower redeployment in a project is calculated using the “S” curves? Explain the importance of Master Project Schedule and use of “S” curves in an engineering project with suitable example.
SECTION-C
ATTEMPT BOTH THE QUESTIONS.
Q11. Write notes on any TWO. [ 2 x 10 = 20 Marks]
a) Forecasting of manpower for a project
b) Project design data
c) Project Network Planning
Q12. Read the following paragraphs carefully and attempt the questions:
[ 5 x 6 = 30 Marks]
The project planning activity for a crude oil procurement company occurs in two phases; yearly planning and monthly planning. The various steps in the process for both yearly and monthly planning are explained below.
Yearly Planning
The yearly planning exercise starts with obtaining the corrected yields of all crude oils approved for processing in the refinery. The price of selected crudes and the tariff adjusted import parity price (TAIPP) for all the products for 18 months prior to that September are considered. The crude oils are ranked based on net backs for previous 18 months. The priority is concurrently checked by Management Information Systems (MIS).The shutdown plan for all the units are also considered. The demand is saturated considering the availability of crudes in the order of netback taking due consideration of specialty products bitumen. The optimum mix and throughput is reached through trial and error.
The following items are documented:
• Corrected yield pattern
• Shutdown schedule of various units
• Ranking of crude oils prepared internally
• MIS feed back
• Availability of Bombay High crude.
• Indicated indigenous demand.
• Initial mix and pattern
• Discussions
• Final mix and pattern
Monthly Planning
After the yearly throughput and pattern are finalized, activities have to start for procurement of crude for the year. A month wise allocation of the term crude will be finalized with the supplier after taking into consideration the shut down plan. The deficit crude after taking into consideration the term plan has to be procured through tenders.
The following items are documented:
• Month wise lifting schedule for term crude.
• Crude position
• Purchase order for tender crudes
• Once these are finalized, an initial tanker plan is constructed
CRUDE OIL EVALUATION AND SELECTION
The crude basket has to be selected so as to maximize the margins while trying to serve the domestic market. Product sale in the domestic market is of prime importance in the deregulated regime, since maximum price is obtained in the domestic market. Since deregulation, refineries get the Tariff Adjusted Import Parity Price (TAIPP) for products.
Any surplus product when exported will yield only the export parity price as the price realized will be the product prices at its natural market minus transportation cost to the market. Exports are recommended in cases where crude refining margins are positive even after considering debits for exports.
Crudes can be roughly classified into three groups, according to the nature of the hydrocarbons they contain.
(i) Paraffin-Base Crude Oils-These contain higher molecular weight paraffin which are solid at room temperature, but little or no asphaltic (bituminous) matter. They can produce high-grade lubricating oils.
(ii) Asphaltic-Base Crude Oils- They contains large proportions of asphaltic matter, and little or no paraffin. Some are predominantly naphthalene and yield lubricating oil.
(iii) Mixed-Base Crude Oils- Both paraffin and naphthalene is present, as well as aromatic hydrocarbons. Most crudes fit this category
CRUDE OIL SELECTION
Selection of crude oil for processing in Refinery is done on the basis of Gross Refinery Margins (GRM). GRM is defined as Gross Product Worth minus Landed Cost of crude oil. A particular type of Crude Oil has an economic value for a particular refinery, which is otherwise called as 'Gross Product Worth' (GPW). Gross product worth is the value of all products obtained by processing a crude oil in the refinery. Given the GPW of a type of Crude Oil for a particular refinery, the CFR (Cost and freight) price of Crude determines the margin that a refinery gets by processing a type of Crude Oil. Landed cost of crude oil considers all the price elements viz. basic cost, freight, insurance, ocean loss, import duty, port charges etc.
QUESTIONS:
(i) Explain the project planning process for procurement of crude oil by considering the various project costs, contingencies, risks and sensitivities.
(ii) What are various types of project estimates that are required to be considered for procurement of crude oil?
(iii) Explain the importance of Crude Oil selection on the basis of Gross Refinery Margins (GRM) in the project costs estimation for procurement of Crude Oil by a company.
(iv) Explain the project plan for procurement of crude oil by a Refinery company.
(v) What are the various cost control elements that can be used for procurement of crude oil?
Assignment – 1
For
Quantitative Techniques for Management Applications
MBCQ -721
University of Petroleum & Energy Studies
Last Date to submit Assignment-1:-15th Sep 2012
SECTION A (TOTAL MARKS 20)
Each question carries equal marks. Attempt all.
1. Point out the assumptions of Linear Programming. Solve the following by using graphical method; Maximize z =- 5y, subject to x +y ≤ 1, 0.5x + 5y ≥ 0, and x ≥ 0, y ≥ 0.
2. Explain the meaning of two person zero sum game. Define saddle point in a game. Clearly explain the rules of dominance for a game.
3. Define Binomial & Poisson Distributions. A problem in QT is given to three students A, B, and C whose chances of solving it are ½, ¾ and ¼ respectively. What is the probability that the problem will be solved if all of them try independently?
4. Explain the difference and relation between a transportation & assignment problem.
SECTION B (TOTAL MARKS 30)
Each question carries Equal marks. Attempt all.
5. a) In a petroleum engineering workshop there are seven machines for drilling, two for turning, three for milling and one for grinding. Four types of brackets are made. Type A is found by work study to require 7 minutes drilling, 3 minutes turning, 2.5 minutes milling, and 1.5 minutes grinding, and the corresponding times in minutes for the other types are: B: 5, 0, 1.5,0.5 ; C: 14, 6, 9, 3.5 ; D: 26, 9, 11, 1.5. How many of each type of brackets should be produced per hour in order to keep all the machines fully occupied?
b) A manufacturer of printed fabrics has three machines, that prepare raw fabric and five machines that print on it. Two types of printed fabrics are produced; type A requires 3 minutes per meter to prepare and 6 minutes per meter to print, while type B requires 11 and 17 minutes per meter respectively. How much of each type of fabric should be produced per hour in order to keep all the machines fully occupied?
6. Three brands of detergent share the market, 40% of customers buying brand A, 50% brand B, and 10% brand C. Each week there are changes in the customers’ choices. Of those who bought brand A previous week, 50% buy it again, but 15% change to brand B and 35% to brand C. Of those who bought brand B, 60% buy it again, 10% buy brand A and 30% buy brand C. Of those who bought brand C, 85% buy it again, 5% buy brand A and 10% buy brand B. What proportion of the market will each of the three brands eventually hold?
7. Robin Singh & Company Ltd stocks lubes of Castrol brand and Mak brand. The matrix of transition probabilities of the lubes is shown below:
Castrol Mak
Castrol 0.9 0.1
Mak 0.3 0.7
Determine the market share of each of the brand in equilibrium position.
SECTION C
Each question carries equal marks. Attempt all. (TOTAL MARKS 50)
8. Mr. Jhunjhunwala a dealer has collected the following information on past sales:
Sales units per day 0 1 2 3 4
No. of Days 30 30 60 60 120
Purchase price per unit Rs 30, selling price per unit Rs 80. An unsold stock can be disposed off at Rs 20 per unit.
a) How many units should the dealer buy on the basis of (i) pay off table (ii) Opportunity loss table?
b) Compute EVPI on the basis of (i) Pay off table and (ii) Opportunity loss table and interpret it.
c) Compute expected demand.
9. a) The ABT transport company ships truckloads of food grains from three sources viz. X, Y, Z to four mills viz. A, B, C, D respectively. The supply and the demand together with the unit transportation cost per truckload on the different routes are described in the following transportation table. Assume that the unit transportation costs are in hundreds of dollars. Determine the optimum minimum shipment cost of transportation using MODI method.
Source/ Destination A B C D Capacity
X 10 2 20 11 15
Y 12 07 09 20 25
Z 04 14 16 18 10
Demand 5 15 15 15 50
b) M/s Kalyani Forge pays its workers Rs70 for an 8-hour shift. In addition each worker is paid Rs10 for every one hour of overtime. However, overtime cannot exceed 4 hours per day.
i) Cite the total wage paid to the worker as a function of overtime.
ii) Draw the graph of this function.
For
Business Policy and Strategy
MBCG 743
University of Petroleum & Energy Studies
Section A
Write short notes on any FOUR of the following. (4 X 5)
01. Critical resource.
02. Team hiring.
03. Common buying factor segments.
04. Mission statement.
05. Core competencies.
Section B
Answer any THREE of the following. (3 X 10)
01. Strategy formulation, implementation and evaluation are not separate water tight compartments. Justify.
02. Define Information Systems.
03. As company gets bigger, it must not only change the way it operates; it must also put ahead its time horizon. Elaborate
04. Strategic management is not a single, simple action but a series of related decisions and actions. Explain.
Section C
Read the case below and answer the questions that follow. (50)
Deys’ Lab
Dr. Sukumar inherited his father’s Dey’s Lab in Delhi in 1995. Till 2002, he owned 4 labs in the National Capital Region (NCR). His ambition was to turn it into a National chain. The number increased to 7 in 2003 across the country, including the acquisition of Platinum lab in Mumbai. The number is likely to go to 50 within 2-3 years from 21 at present. Infusion of Rs. 28 crores for a 26% stake by Pharma Capital has its growth strategy.
The lab with a revenue of Rs. 75 crores is among top three Pathological labs in India with Atlantic (Rs. 77 crores) and Pacific (Rs. 55 crores). Yet its market share is only 2% of Rs. 3,500 crores market. The top 3 firms command only 6% as against 40-45% by their counterparts in the USA.
There are about 20,000 to 1,00,000 stand alone labs engaged in routine pathological business in India, with no system of mandatory licensing and registration. That is why Dr. Sukumar has not gone for acquisition or joint ventures. He does not find many existing laboratories meeting quality standards. His six labs have been accredited nationally whereon many large hospitals have not thought of accreditation; The College of American pathologists’ accreditation of Dey’s lab would help it to reach clients outside India.
In Dey’s Lab, the bio-chemistry and blood testing equipments are sanitized every day. The bar coding and automated registration of patients do not allow any identity mix-ups. Even routine tests are conducted with highly sophisticated systems. Technical expertise enables them to carry out 1650 variety of tests. Same day reports are available for samples reaching by 3 p.m. and by 7 a.m. next day for samples from 500 collection centres located across the country. Their technicians work round the clock, unlike competitors. Home services for collection and reporting is also available.
There is a huge unutilized capacity. Now it is trying to top other segments. 20% of its total business comes through its main laboratory which acts as a reference lab for many leading hospitals. New mega labs are being built to Encash preclinical and multi-centre clinical trials within India and provide postgraduate training to the pathologists
Questions:
(i) What do you understand by the term Vision? What is the difference between ‘Vision’ and ‘Mission’? What vision Dr. Sukumar had at the time of inheritance of Dey’s Lab? Has it been achieved? (15)
(ii) For growth, what business strategy has been adopted by Dr. Sukumar? (10)
(iii) What is the marketing strategy of Dr. Sukumar to overtake its competitors? (10)
(iv) In your opinion what could be the biggest weakness in Dr. Sukumar’s business strategy? (15)
Assignment -1
For
Petroleum Economics
MDSO 821
University of Petroleum & Energy Studies
Last Date of Submission :-15th Sep 2012
Serial Section Topic Marks
1 Section A i. Short Notes on a Holistic View of Worldwide Petroleum Economics with specific reference to Crude Price rising per Barrel of Oil will leads to refinery margin of India 5
ii. Please do physical performance comparision of ONGC and OIL. Give various Ration Analysis of ONGC and OIL, Elaborate profitability Ration and Cash Flow Ration . As per your view which company is more agreessive as per market capitalization 5
iii. Short Notes on Upstream vs. Downstream Petroleum Operation Cost Factors 5
iv. Please give pipe line transportation of Case Study of GAIL :HBJ Pipe Line , please elaborate how Natural Gas Costing can be done in case imported LNG 5
2 Section B i. Elaborate in details e-commerce application of oil and gas sector. Give details discussion of various model comparison of e-business in BP , GAIL , IOC etc . How e-tendering become normal affairs in Indian Oil PSU 10
ii. Long Notes on Major Factors Affecting Upstream Petroleum Economics 10
iii. Long Notes on Indian Government’s Latest Strategies & Policies Controlling Oil & Gas Retailing Prices. Do you feel decontrolling retail price will leads t o what practical problem 10
3 Section C i. Case Study of Key upstream role separation through alliance Partnership at Down Stream Economics, with impact of E-business opportunity 25
ii. Case Study of Retailing Innovation in Petrol-Economics , comments of Private Retailing successful or failure 25
N.B. -> Read Detailed Questions & Instructions, Given Below, Before Answering the Above Total Marks 100
Section A
i. The student, on successful coverage of the subject of Petroleum Economics, is expected to present his / her abridged conception of Worldwide Petroleum Economics from a Holistic perception & along with recent trend of per. reference to Crude Price rising per Barrel of Oil will leads to refinery margin of India
ii. A student should study in details about physical ration of ONGC and OIL performance evaluation. The qtrly. Balance sheet and annual balance sheet should be carefully studied? . ONGC ‘ s market capitalization vis.- a- vis. OIL should be elaborated
iii. The student should acquire an overview of the major Cost Factors in Upstream & Downstream Petroleum Operations and then comprehend their differences. Short Notes on Upstream vs. Downstream Petroleum Operation Cost Factors, should have more studies on “ reference material , internet material”
iv. GAIL :HBJ Pipe Line , please elaborate how Natural Gas Costing can be done in case imported LNG Short Notes on Natural Gas Demand & Supply in India, & role of GAIL India, and How MMBTU Concept is a solution of imported LNG mixing with Indian Natural Gas
Section B
i. Student should elaborate in details e-commerce application of oil and gas sector. Give details discussion of various model comparison of e-business in BP , GAIL , IOC etc To give sanp shots of e-tendering of one PSU ( REFER INDIANOILTENDERS WEB SITE)
ii. Upstream Petroleum Economics are very volatile since the chances of losing the indispensably big investments are huge. The degree of mitigation of these chance dynamics depends a lot on the efficient & adept management of the factors affecting this volatility. The student is required to study & describe the most important factors in detail.
iii. A bit of qualitative research on Government of India’s strategic petroleum policies needs to be carried out by the student in conjunction with the practical effects of these types of control, before describing these in detail.
Section C
i. Case Study of Key upstream role separation through alliance Partnership at Down Stream Economics, with impact of E-business opportunity, cost under-recoveries are humongous in the petroleum refining sector in India. The student should choose any Indian refinery, study the different causing factors and categorically describe the economics governing these alongwith the ways a refinery compensates for these.
ii. The student should choose any Petroleum Retail Outlet (preferably Company Owned Company Operated Outlet), observe keenly to find scopes for reduction of redundant processes & improvement of economic efficiencies, discuss with the operating officers & managers on ways to improve business economics (micro-level) of petrol retailing (the student may concentrate only on non-commercial customers), question & understand the economics improvement measures already undertaken by that Company, try to find innovative & further efficient ways of petrol retailing and then categorically describe the same. Case Study of Retailing Innovation in Petrol-Economics , comments of Private Retailing successful or failure
Assignment – 1
For
Subject : PETROLEUM LAW & POLICY
Subject Code :MDSO811
(Last Date to submit : 15th Sep 2012)
University of Petroleum & Energy Studies
Assignment I
PETROLEUM LAW & POLICY
Section A
Write short notes on the following: ( Each Question carries 5 marks.)
(Total 20 marks)
1. Write a short note on ‘Petroleum Exploration License’.
2. What is the position of Private Investors at present under NELP?
3. Differentiate between ‘Bill of lading’ and ‘Letter of Credit’.
4. Define : (a) INCOTERMS (b) Worldscale.
Section B
Write long answers on the following : ( Each Question carries 10 marks.)
(Total 30 marks)
5. Comment on the impact of Policy Changes and Reforms made by Government in Petroleum Sector.
6. ‘Role of Attorney cannot be ignored and is an essential component with reference to cases filed by or against a company.’ Provide your comments on the same.
7. Explain the different categories of Contract as Part of Trading Activities in Petroleum Procurement.
Section C (Total 50 Marks)
Case Study I (25 Marks)
The TransMed line was completely driven by state interests. All the initial negotiations were between Sonatrach and Eni, the state oil companies of Algeria and Italy, with the Tunisian government joining later. Thus all the contractual relations were based upon government agreements. There was a strong political will to make the project work. For example, when there was a problem over the gas price negotiations, the Italian government offered a “political subsidy” to the tune of US$0.40 per million British Thermal Units (MBtu) to bridge the gap between the two sides. However the Algerian Company disagreed with the subsidy made and there arose a conflict between the two companies.
Answer the following questions.
(i) Would the situation be same, if the Algerian Government offers the subsidy. Give reasons.
(ii) Explain the Governmental interventions in controversy arriving between the oil companies.
Case Study II (25 Marks)
An Indian Oil Company ‘X Ltd’ entered into a drilling contract with an Australian Oil Company ‘Y Ltd’. The contract prefaced for settlement of disputes by arbitration, the proceedings of which were to be governed by the Indian Arbitration Act. Disputes arose and accordingly two Arbitrators and an Umpire were appointed. The Arbitrators entered on the reference in Australia which was the venue for arbitration. This was not accepted by the Indian Oil Company. The conflict still remained.
(i) If you were an Arbitrator, how would you jurisdicate on the matter ?
(ii) In your opinion , the reference made to Austrian case was valid or Invalid . Explain.
Assignment – 1
For
Project Management and its Applications
MBCQ 724
(Last Date to submit : )
University of Petroleum & Energy Studies
Subject : Project Management and its Applications
SECTION-A
ATTEMPT ANY FOUR QUESTIONS FROM Q1 TO Q6. [ 4 x 5 = 20 Marks]
Q1. What are the unique features and attributes of a project?
Q2. What are the various costs components of a project?
Q3. Differentiate between fixed capital and working capital costs?
Q4. What are the pre-contract documents of a project?
Q5. Explain the process of time estimation for finding out the project completion period.
Q6. “Procurement plays an important role while executing a project”. Justify this statement
with suitable example.
SECTION-B
ATTEMPT ANY THREE QUESTIONS FROM Q7 TO Q10. [ 3x 10 = 30 Marks]
Q7. How Project Cost is established? Explain the importance of various risk components and contingency plans used while calculating the project costs with suitable examples.
Q8. Describe the importance and use of project coordination procedure. How project schedule is monitored using different techniques while executing a project? Explain with suitable examples.
Q9. What are the important activities of a project procurement process? List the important factors which play important role in reducing the procurement periods with suitable examples.
Q10. How manpower redeployment in a project is calculated using the “S” curves? Explain the importance of Master Project Schedule and use of “S” curves in an engineering project with suitable example.
SECTION-C
ATTEMPT BOTH THE QUESTIONS.
Q11. Write notes on any TWO. [ 2 x 10 = 20 Marks]
a) Forecasting of manpower for a project
b) Project design data
c) Project Network Planning
Q12. Read the following paragraphs carefully and attempt the questions:
[ 5 x 6 = 30 Marks]
The project planning activity for a crude oil procurement company occurs in two phases; yearly planning and monthly planning. The various steps in the process for both yearly and monthly planning are explained below.
Yearly Planning
The yearly planning exercise starts with obtaining the corrected yields of all crude oils approved for processing in the refinery. The price of selected crudes and the tariff adjusted import parity price (TAIPP) for all the products for 18 months prior to that September are considered. The crude oils are ranked based on net backs for previous 18 months. The priority is concurrently checked by Management Information Systems (MIS).The shutdown plan for all the units are also considered. The demand is saturated considering the availability of crudes in the order of netback taking due consideration of specialty products bitumen. The optimum mix and throughput is reached through trial and error.
The following items are documented:
• Corrected yield pattern
• Shutdown schedule of various units
• Ranking of crude oils prepared internally
• MIS feed back
• Availability of Bombay High crude.
• Indicated indigenous demand.
• Initial mix and pattern
• Discussions
• Final mix and pattern
Monthly Planning
After the yearly throughput and pattern are finalized, activities have to start for procurement of crude for the year. A month wise allocation of the term crude will be finalized with the supplier after taking into consideration the shut down plan. The deficit crude after taking into consideration the term plan has to be procured through tenders.
The following items are documented:
• Month wise lifting schedule for term crude.
• Crude position
• Purchase order for tender crudes
• Once these are finalized, an initial tanker plan is constructed
CRUDE OIL EVALUATION AND SELECTION
The crude basket has to be selected so as to maximize the margins while trying to serve the domestic market. Product sale in the domestic market is of prime importance in the deregulated regime, since maximum price is obtained in the domestic market. Since deregulation, refineries get the Tariff Adjusted Import Parity Price (TAIPP) for products.
Any surplus product when exported will yield only the export parity price as the price realized will be the product prices at its natural market minus transportation cost to the market. Exports are recommended in cases where crude refining margins are positive even after considering debits for exports.
Crudes can be roughly classified into three groups, according to the nature of the hydrocarbons they contain.
(i) Paraffin-Base Crude Oils-These contain higher molecular weight paraffin which are solid at room temperature, but little or no asphaltic (bituminous) matter. They can produce high-grade lubricating oils.
(ii) Asphaltic-Base Crude Oils- They contains large proportions of asphaltic matter, and little or no paraffin. Some are predominantly naphthalene and yield lubricating oil.
(iii) Mixed-Base Crude Oils- Both paraffin and naphthalene is present, as well as aromatic hydrocarbons. Most crudes fit this category
CRUDE OIL SELECTION
Selection of crude oil for processing in Refinery is done on the basis of Gross Refinery Margins (GRM). GRM is defined as Gross Product Worth minus Landed Cost of crude oil. A particular type of Crude Oil has an economic value for a particular refinery, which is otherwise called as 'Gross Product Worth' (GPW). Gross product worth is the value of all products obtained by processing a crude oil in the refinery. Given the GPW of a type of Crude Oil for a particular refinery, the CFR (Cost and freight) price of Crude determines the margin that a refinery gets by processing a type of Crude Oil. Landed cost of crude oil considers all the price elements viz. basic cost, freight, insurance, ocean loss, import duty, port charges etc.
QUESTIONS:
(i) Explain the project planning process for procurement of crude oil by considering the various project costs, contingencies, risks and sensitivities.
(ii) What are various types of project estimates that are required to be considered for procurement of crude oil?
(iii) Explain the importance of Crude Oil selection on the basis of Gross Refinery Margins (GRM) in the project costs estimation for procurement of Crude Oil by a company.
(iv) Explain the project plan for procurement of crude oil by a Refinery company.
(v) What are the various cost control elements that can be used for procurement of crude oil?
Assignment – 1
For
Quantitative Techniques for Management Applications
MBCQ -721
University of Petroleum & Energy Studies
Last Date to submit Assignment-1:-15th Sep 2012
SECTION A (TOTAL MARKS 20)
Each question carries equal marks. Attempt all.
1. Point out the assumptions of Linear Programming. Solve the following by using graphical method; Maximize z =- 5y, subject to x +y ≤ 1, 0.5x + 5y ≥ 0, and x ≥ 0, y ≥ 0.
2. Explain the meaning of two person zero sum game. Define saddle point in a game. Clearly explain the rules of dominance for a game.
3. Define Binomial & Poisson Distributions. A problem in QT is given to three students A, B, and C whose chances of solving it are ½, ¾ and ¼ respectively. What is the probability that the problem will be solved if all of them try independently?
4. Explain the difference and relation between a transportation & assignment problem.
SECTION B (TOTAL MARKS 30)
Each question carries Equal marks. Attempt all.
5. a) In a petroleum engineering workshop there are seven machines for drilling, two for turning, three for milling and one for grinding. Four types of brackets are made. Type A is found by work study to require 7 minutes drilling, 3 minutes turning, 2.5 minutes milling, and 1.5 minutes grinding, and the corresponding times in minutes for the other types are: B: 5, 0, 1.5,0.5 ; C: 14, 6, 9, 3.5 ; D: 26, 9, 11, 1.5. How many of each type of brackets should be produced per hour in order to keep all the machines fully occupied?
b) A manufacturer of printed fabrics has three machines, that prepare raw fabric and five machines that print on it. Two types of printed fabrics are produced; type A requires 3 minutes per meter to prepare and 6 minutes per meter to print, while type B requires 11 and 17 minutes per meter respectively. How much of each type of fabric should be produced per hour in order to keep all the machines fully occupied?
6. Three brands of detergent share the market, 40% of customers buying brand A, 50% brand B, and 10% brand C. Each week there are changes in the customers’ choices. Of those who bought brand A previous week, 50% buy it again, but 15% change to brand B and 35% to brand C. Of those who bought brand B, 60% buy it again, 10% buy brand A and 30% buy brand C. Of those who bought brand C, 85% buy it again, 5% buy brand A and 10% buy brand B. What proportion of the market will each of the three brands eventually hold?
7. Robin Singh & Company Ltd stocks lubes of Castrol brand and Mak brand. The matrix of transition probabilities of the lubes is shown below:
Castrol Mak
Castrol 0.9 0.1
Mak 0.3 0.7
Determine the market share of each of the brand in equilibrium position.
SECTION C
Each question carries equal marks. Attempt all. (TOTAL MARKS 50)
8. Mr. Jhunjhunwala a dealer has collected the following information on past sales:
Sales units per day 0 1 2 3 4
No. of Days 30 30 60 60 120
Purchase price per unit Rs 30, selling price per unit Rs 80. An unsold stock can be disposed off at Rs 20 per unit.
a) How many units should the dealer buy on the basis of (i) pay off table (ii) Opportunity loss table?
b) Compute EVPI on the basis of (i) Pay off table and (ii) Opportunity loss table and interpret it.
c) Compute expected demand.
9. a) The ABT transport company ships truckloads of food grains from three sources viz. X, Y, Z to four mills viz. A, B, C, D respectively. The supply and the demand together with the unit transportation cost per truckload on the different routes are described in the following transportation table. Assume that the unit transportation costs are in hundreds of dollars. Determine the optimum minimum shipment cost of transportation using MODI method.
Source/ Destination A B C D Capacity
X 10 2 20 11 15
Y 12 07 09 20 25
Z 04 14 16 18 10
Demand 5 15 15 15 50
b) M/s Kalyani Forge pays its workers Rs70 for an 8-hour shift. In addition each worker is paid Rs10 for every one hour of overtime. However, overtime cannot exceed 4 hours per day.
i) Cite the total wage paid to the worker as a function of overtime.
ii) Draw the graph of this function.
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