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

Vogel approximation methods, Vogel Approximation Methods ( VAM): Step...

Vogel Approximation Methods ( VAM): Step 1: For each row the transportation table identify the smallest and next to smallest cost. Determine the different between the

Explain the fit for gbi of this particular for-profit avenue, Discuss the f...

Discuss the fit for gbi of this particular for-profit avenue eileen o'brien has chosen.

Tqm, benefit from total quality management in operations management

benefit from total quality management in operations management

Explain criminal prosecutions hurt innocent shareholders, Respondeat superi...

Respondeat superior is the theoretical basis for holding companies criminally liable for actions of their employees. Companies oftentimes have little defense against prosecution. C

Explain potential for increased profit, Which of the following is not a cri...

Which of the following is not a criterion used in forming segments? Potential for increased profit Similarity of needs of potential buyers within a segment Competitive pos

Explain factors that are likely to create dramatic turns, Look into the fut...

Look into the future. Consider trends in society, technology, economics, environmentalism, and politics that can influence the future of W. L. Gore & Associates (Case 24) and Googl

What potential problems in flexible retirement programs, What potential pro...

What potential problems and benefits are likely with early or flexible retirement programs?

Describe a metaheuristic of your choosing to your grandma, Because of the c...

Because of the complexity of scheduling problems, we discussed that met heuristics are a common approach to solving scheduling problems in practice. a. Create a visual graphic

Reflective report, Hi I need quotation for the assignment it needs 2000 wor...

Hi I need quotation for the assignment it needs 2000 words. "You are required to review the literature on any THREE (3) topics covered in this course using various academic journa

PRoject, I need to chose a operations management concept or technique in or...

I need to chose a operations management concept or technique in order to help address the issue of the DFW security wait lines. This is a group project and my teammates have starte

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