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

Suggest productivity measurements - operations manager, 1. Suggest producti...

1. Suggest productivity measurements which operations managers might consider important to be used in a:  (a) hotel  (b) University  (c) Department store  (d) Hospital

Explain some of the near-term and long-term results, As the industry watche...

As the industry watches to see how United Airlines' strategy performs against American Airlines' strategy, management at United Airlines is anxiously monitoring market signs to det

Explain bottlenecks that may occur during the project, Briargrove has agree...

Briargrove has agreed to your plan. The CLN Team is asking for a refined version of the plan making the corrections based on their recommendations. They are requesting a comprehe

Why companies are more interested in using intangible assets, Companies are...

Companies are now more and more interested in using intangible assets and human capital as a way to gain an advantage over competitors. True False

Explain assess the impact of group think and slackers, Assess the impact of...

Assess the impact of group think and slackers to the overall performance of the team and make two recommendations for how that impact could be mitigated. Provide specific examples

Explain labour practices requirements, From the legal perspective, what cha...

From the legal perspective, what challenges May supervisors face in filling the positions? How might they unintentionally run short of regulatory hiring and labour practices requir

Define why it is vital to understand the impact of culture, Contrast the dy...

Contrast the dynamics between dominant cultures and subcultures either in a work setting or in society. Explain why it is important to understand the impact of culture

Define what kind of industries does a localization strategy, What kind of i...

What kind of industries does a localization strategy makes sense? Why? When does a global standardization strategy make most sense? Why?

Methods used in manufacturing - operation strategy, Methods Used in Manufac...

Methods Used in Manufacturing - Operation Strategy Many of the methods used in manufacturing are just as applicable; however a greater degree of customisation will be required

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