Determine which factors are relevant for the business

Assignment Help Operation Management
Reference no: EM132932041

BS221 Operations Management

Decide a location in Kohat for any business (examples Service Station, Food Outlet, Malls etc)

(The assignment is based on Weighted Factor Rating Model given in chapter 8 Location Planning and Analysis)

Location decision for a business of " Selling of a Paper Straw"

Tasks:

1. Identify three location alternatives in Kohat for the proposed business.

2. Determine which factors are relevant for the business (e.g., location of market, water supply, parking facilities, revenue potential, etc).

3. Assign a weight to each factor that indicates its relative importance compared with all other factors.

4. Decide on a common scale for all factors (e.g., 1 to 10 or 1 to 100).

5. Give score to each location alternative.

6. Multiply factor weight by score for each factor, and sum the results for each location alternative.

7. Choose the alternative that has the highest composite score.

In the conclusion section discuss the best and worst location cases.

Reference no: EM132932041

Questions Cloud

Define how veem and blockchain : Define how VEEM and Blockchain is expanding the global marketing efforts of companies.
What cost of goods sold for the period is : What Cost of goods sold for the period is? Purchase returns 10,000, Purchase discounts 20,000. Sales Discounts 10,000, Purchases 130,000
Calculate the remaining balance at the end of years : Assuming you deposited the amount of money in part (a), and then withdrew the required payments each year, calculate the remaining balance
Strong educational programs : At University of the Cumberland's, it is a priority that students are provided with strong educational programs
Determine which factors are relevant for the business : Determine which factors are relevant for the business and Assign a weight to each factor that indicates its relative importance compared with all other factors
What is the minimum monthly payment for may : What is the minimum monthly payment for May? A machine shop has a credit card that offers rebates on purchases. At the end of May, the company had a credit card
How much will he have to save each month in years : If he can earn a 10 percent EAR before he retires and a 9 percent EAR after he retires, how much will he have to save each month in years 16 through 30
Can find a site to share that show ratios : Can find a site to share that show ratios that have already been computed for large corporations? Is this something people publish online?
Which is not a typical feature of a commercial paper : Which is not a typical feature of a commercial paper? the issuer usually has a line of credit available as a backup./ it is issued by the private sector

Reviews

len2932041

7/1/2021 11:39:23 PM

Please help me with my assignment, actually we have to do a location decision for a business of " Selling of a Paper Straw"

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