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

Least cost methods, At any stage if there is a tie in the minimum cost so t...

At any stage if there is a tie in the minimum cost so that two or more routes have the same least cost of transportation then conceptually either of them may be selected. However a

Explain the term marketing and selling, Explain the term Marketing and Sell...

Explain the term Marketing and Selling. Marketing and Selling : The marketing theory is a management orientation which holds that the key task of the organization is to find o

Describe difference between a mission and vision statement, Explain the dif...

Explain the difference between a mission and vision statement. Discuss why mission statements are important in performance improvement and why a solid mission statement (describing

Explain strategies to reposition medical personnel, During the 1980s, the g...

During the 1980s, the general populace of these countries deteriorated, even though several Latin American countries developed strategies to reposition medical personnel and servic

What is a quality management system, Question: (a) What is a Quality Ma...

Question: (a) What is a Quality Management System (QMS) and why should an organization implement a Quality Management System? (b) Explain the eight fundamental Quality Manag

Information systems integration - mrp to erp, Information Systems Integrati...

Information Systems Integration - MRP to ERP  ERP (enterprise resource planning) has been defined by Deloitte and Touche as 'packaged business software systems' that allow com

Compute total amount spent organize your list by room, Can someone help me ...

Can someone help me with this budget? You are given a budget of 10,000 to furnish and decorate you off campus apt. You have chosen global theme your job is to find items from a

Describe the organizational design, 1) Define and discuss the advantages an...

1) Define and discuss the advantages and disadvantages of functional and matrix structures. 2) Define and discuss the advantages and disadvantages of cross-functional teams.

., The following process is designed to handle 120 customers a day. The cus...

The following process is designed to handle 120 customers a day. The customer is “processed” through each of the two operations, A and B, in sequence form. The average rate of each

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