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

Define constraint its associated binary decision variables, Consider the fo...

Consider the following constraint and its associated binary decision variables: XA + XB + XC = 2. This constraint is an example of a mutually exclusive constraint.

Point rating method, Point  Rating Method In  selecting  a site  of l...

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

Generate an ld score for the current layout, 1. Develop an ld score for the...

1. Develop an ld score for the current layout. What problems can you identify with the current layout? 2. Use trial and error to come up with a better layout that lowers the ld

Sunshine enterprises case study answers, what is the average value of loyal...

what is the average value of loyal customer at abby''s restaurants?

Explain understanding of human behaviour, Explain understanding of human be...

Explain understanding of human behaviour. Understanding of Human Behaviour: Understanding human behaviour is significant for any one dealing along with human resources. This

Explain technology have an impact on capacity planning, In what ways does t...

In what ways does technology have an impact on capacity planning?

Explain contrast push and pull methods of moving goods, Contrast push and p...

Contrast push and pull methods of moving goods and materials through production systems

Operations management, Operations Management refers to those activities whi...

Operations Management refers to those activities which are more or less directly concerned with the creation and delivery of goods and services. The course is intended to give you

Describe in detail why change is necessary in organizations, Explain in det...

Explain in detail why change is necessary in organizations. Describe the effects that change can have on quality management with respect to employee commitment and quality levels.

Describe professional application, "Professional Application" Please respon...

"Professional Application" Please respond to the following: • Assess your preparedness for a business leadership and management position based on what you have learned in your g

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