Decided to weight three factors in making the decision

Assignment Help Operation Management
Reference no: EM132154266

A company is looking to build a new factory. Hartford, CT and Akron, OH are two possible locations and local governments have made pitches to the company for their city. The company has decided to weight three factors in making the decision:

50% - location of raw materials

10% labor costs

40% transportation costs.

They have a scoring scale from 0-100 for each factor. They further decided that the winning location must have a score of at least 75.

Hartford scores 70 for raw materials, 50 for transportation and 90 for labor. Akron scores 60 for raw materials, 80 for transportation and 70 for labor.

Should the company chose Hartford, Akron or neither? [a]

Reference no: EM132154266

Questions Cloud

What is the total cost to garage for purchsing item annually : Holding cost is 10% of the purchase price per unit per year. What is the total cost (TC) to the garage for purchsing this item annually (2 decimal places)?
Should donald take the money now or take the annuity : Suppose Donald is expecting an inheritance that will pay him $85,000 at the end of each year for the next 40 years. Since his inheritance is guaranteed money.
What size should the tax be : Suppose the figure to the right represents the production of a manufactured good. Production of this good generates volatile organic compounds.
Herzberg two-factor approach to motivation : Explain the key differences in the two major factors in Herzberg's Two-Factor Approach to Motivation: Hygiene factors and Motivators.
Decided to weight three factors in making the decision : A company is looking to build a new factory. The company has decided to weight three factors in making the decision:
Important part of such a contract : Also seen with these contracts was a pre-determined mandatory retirement date; why would this be an important part of such a contract?
Assess the proposal to hire interns : As the economic consultant, how would you assess the proposal to hire interns?
Statements denies the basic economic postulates : Explain how the following statements denies the basic economic postulates:
Draw the long run average cost curve : Suppose that a firm faces increasing returns to scale at low levels of output and constant returns to scale at high levels of output.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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