Point rating method, Operation Management

Assignment Help:

Point  Rating Method

In  selecting  a site  of location companies  have several  objectives, but  not  all are  of equal  importance. The relative weight a company assigns to each objective or to each location factor may be represented by the number of points a perfect site would service in each category. Each potential site is then evaluated with respect to every factor a company is looking for and points are assigned for each factor.

The site with the highest total number of points is considered superior to their sites. The drawback of this method is that high score in any factor can overcome a low score in any other factor. Since some factors are considered as important of essential any site that does not have at least a specified number of points for those essential factors will be excluded from further consideration.


Related Discussions:- Point rating method

Productive system, To what extent should a productive system be process foc...

To what extent should a productive system be process focused or product focused?

Find what is the stock worth today, Investor G. Loeb owns a 5-year, $1000 b...

Investor G. Loeb owns a 5-year, $1000 bond with a 5% coupon. If the yield to maturity on similar bonds is currently 10%, what is Mr. Loeb's bond worth today? A security analyst

Transportation, I have a transportation problem which is given below: The ...

I have a transportation problem which is given below: The sunshine tomato soup shippers produce tomato soup at three west coast canneries in Bakersfield, phoenix, and Eugene. The

Explain global standardization strategy, Which business strategy below does...

Which business strategy below does the company Walmart's uses to go global? Elaborated going to China to do business... A) Global standardization strategy B) Localization str

Compute the probability that a type1 customer arrives, Consider a queuing s...

Consider a queuing system with 2 types of customers. Type 1 customers arrive according to a Poisson process with a mean rate of 5 per hour. Type 2 customers arrive according to a P

Compute operations management problem, In the solutions manual for Operatio...

In the solutions manual for Operations Management problem is (b-a) ^/6 1, what are the numbers for b and a and how do you enter this in excel showig the fomulas

Explain what is marketing research, What is Marketing Research? Why do succ...

What is Marketing Research? Why do successful firms conduct marketing research for their products/services? Discuss the six steps in the Marketing Research process and relate to an

Explain what the term data redundancy means, Describe what the term "data r...

Describe what the term "data redundancy" means in database design. Explain if it is bad and if a normalized database design is always the best design. Discuss the pros and cons of

Explain disadvantages of functional systems and briefly, In this case study...

In this case study, you will review a case involving a functional system. The Lynx Company uses a functional system for their sales system. It takes the orders from their salesm

Explain lincoln electric and southwest airlines, Compare and contrast Linco...

Compare and contrast Lincoln Electric and Southwest Airlines with regard to the following • Views of management regarding union representatives of their workers. •

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