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

Explain positive organizational behaviours, How might incentives stimulate ...

How might incentives stimulate positive organizational behaviours? Discuss the place of rewards and punishments for organizational members. What is it important to know? What incen

Explain gauge reproducibility and repeatability, Describe gauge reproducibi...

Describe gauge reproducibility and repeatability. How does gauge R and R apply to a six sigma project?

Explain differentiate between validity and reliability, Differentiate betwe...

Differentiate between validity and reliability of a selection test. In other words, provide definitions of (1) validity and (2) reliability of a test.

Explain the ebq model, Applying the EBQ model, what batch size would you re...

Applying the EBQ model, what batch size would you recommend for this product? How long will each batch take to produce, and how many batches per year will be made? Should this mode

Explain quality management program, Use your critical thinking skills and d...

Use your critical thinking skills and discuss what you can deduce from this data. Please think about both behaviours and processes and linkage to the quality management program.

Describe welding machine by manufacturing bike frames, Management believes ...

Management believes 6,000 WVD drums could be sold each year if the company had sufficient manufacturing capacity. As an alternative to adding another welding machine, management ha

Ultimate objective, Ultimate Objective 1. Manufacturing costs: The ...

Ultimate Objective 1. Manufacturing costs: The unit cost of the product should  be estimated carefully and every effort should be made to stick to the cost standards. For

Explain this in relevance to uncertain events, Imagine the difficulties of ...

Imagine the difficulties of an employer whose decision context is choosing a new employee from a set of applicants whom he will interview. What do you think the employer's objectiv

Describe questionable behaviour, Please answer a detailed explanation for t...

Please answer a detailed explanation for the following scenario: Your Company has recently hired a new employee for an upper level management position. They have performed exceptio

Confidence interval of the population mean life, A sample of 36 "AA" Alkali...

A sample of 36 "AA" Alkaline batteries has a mean life of 6 months. The standard deviation of the population is known to be 3 months. Find the 95% confidence interval of the popual

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