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 a solid business strategy includes, 1.__?__________ are the basic un...

1.__?__________ are the basic unit of analysis and the focus of nonmarket action 2. The market environment of business includes___________.? 3. Firms typically deal with nonm

Kanban cards needed, A bottling plant fills 2,400 bottles every two hours. ...

A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The safety stock is 10 percent of expected demand. How m

: Why are services typically more difficult to stand, Ask question : Why ar...

Ask question : Why are services typically more difficult to standardize#Minimum 100 words accepted#

Work study, link between work study and value analysis?

link between work study and value analysis?

Uniform plant loading - just in time, Uniform Plant Loading - Just In Time ...

Uniform Plant Loading - Just In Time To use the JIT concept, it is essential that production flows as smoothly as possible. To maintain uniform flow, Japanese companies have s

Explain statistical cost estimation technique, The technique that estimates...

The technique that estimates long-run costs and the minimum efficient scale by determining the scale of operation at which most firms in an industry are concentrated is called the-

Compute the service to club members and casual flyers, Evaluate the service...

Evaluate the service to club members and casual flyers by completing a table similar to table 3.1

Explain nlra rules regarding union, How does the law regarding union recogn...

How does the law regarding union recognition for public employees in the state of Florida compare with the NLRA rules regarding union recognition for private-sector employees?

Explain roles and function of an hr professional, 1. What do you see as th...

1. What do you see as the most interesting part of HR as a career field? 2. What do you think are the roles and function of an HR professional?

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