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Location Strategy
It is difficult to set down rules whereby the problem of facilities location can be programmed but there are a number of factors which should be considered. It is worth differentiating between the problem s of location and of site the location is the general area, and the site is the place chosen within the location. The decision on sitting thus probably proceeds in two stages: in the first the general area is chosen and then a detailed survey of that area is carried out to find possible sites. The final decision is made by taking into account more detailed requirements.
A manufacturer uses a purchase part who's demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t. The part cost $
What is the difference in strategy in developing an initial layout for a new facility as comparedn to the strategy in improving the layout of an existing facility?
Describe the U.S. role in the world economy.
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