Factor rating method, Operation Management

Assignment Help:

East Coast Manufacturing, Inc. plans to locate a new production facility in Hartford, Philadelphia, or Baltimore.  Six location factors are important:  cost per product unit, labor availability, union activities, local transportation, proximity to similar industry and proximity to raw materials.  The weighting of these factors, the scale for each factor and the scores for each location are shown below.   Different SME's (subject matter experts) scored each of the non-economic factors.  So, unfortunately, the scores for the non-economic factors are scaled differently.  The scales are indicated on the table.  On the scale, the highest score is always the best value.  For example, for the scale 1-5, the best value is 5.  For each of the Non-economic factors, it is possible to score the maximum. 

Location Factor

Factor Weight

Scale

Hartford

Philadelphia

Baltimore

Cost per product unit

0.55

 

$48

$59

$52

Labour availability

0.15

0-5

2.5

4.0

4.0

Union activities

0.10

0-3

2.7

1.8

0.9

Local transportation

0.10

0-3

1.2

2.4

2.4

Proximity to similar industry

0.05

0-1

0.5

1.0

0.7

Proximity to raw materials

0.05

0-1

0.7

0.6

0.4

For the following, calculate all results three decimal place (example, 0.xxx or x.xxx).

a) Using the factor scoring (or equivalent the factor rating) approach we studied in class and modified as appropriate, which site do you recommend?  Why?

b)  With everything else remaining the same as in the problem statement, what must the cost per product unit for Philadelphia be so that its total factor score is equal to the total factor score for Hartford?


Related Discussions:- Factor rating method

Describe functions you would include in this sswg, As the System Safety Eng...

As the System Safety Engineer for your firm, you are writing a System Safety Working Group (SSWG) charter. List 6 individuals/functions you would include in this SSWG and the reaso

#title., Ask questiondiscuss the advisability of using modular assemblies i...

Ask questiondiscuss the advisability of using modular assemblies in manufacturing. what are the advantages and disadvantages #Minimum 100 words accepted

Explain how does a leader differ from a manager, How does a leader differ f...

How does a leader differ from a manager and when would it be more advantageous to be a manager rather than a leader?

Ethical statements for mass-marketed, To be consistent with its stated valu...

To be consistent with its stated values of improving the health of its consumers, General Mills introduced ethics into the ______ phase of its marketing strategy for its mass-marke

Write the facultyids of faculty who are not qualified, Using the following ...

Using the following tables (primary keys are underlined), write the expressions that follow in SQL. STUDENT (StudentID, StudentName) FACULTY(FacultyID, FacultyName) COURSE(CourseID

Determine the price and quantity of toasters, Determine the price and quant...

Determine the price and quantity of toasters: There are 100 producers of toasters. Half of the producers are "low quality," i.e. their products will break with probability of

Explain what is the dpmo measure, 1) The following table lists all costs of...

1) The following table lists all costs of quality incurred by Sam's Surf Shop last year. What was Sam's appraisal cost for quality last year? Annual inspection costs $ 155,000

Calculate the median for sample data, The Hilllcrest Golf and Country Club ...

The Hilllcrest Golf and Country Club manager selected a random sample of the members and recorded the number of rounds of golf they played last season. The reason for his interest

Steps in first few months of your leadership, You have just been asked to l...

You have just been asked to lead struggling Yahoo, just as Marissa Mayer stepped into the role. Discuss the steps you would take in the first few months of your leadership. Explain

Write Your Message!

Captcha
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