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

Efforts to reduce materials waste & procure materials, 1. In the hypothetic...

1. In the hypothetical manufacturing company (figure) what other actions do you think management might take in addition to their efforts to reduce materials waste, procure material

Generic operational strategies - operation strategy, Generic Operational St...

Generic Operational Strategies - Operation Strategy Porter (1985) presented five basic generic strategies for business:  1. Cost efficiency - low cost leadership strategy

Line balancing, Line Balancing Line balancing is arranging a production ...

Line Balancing Line balancing is arranging a production line so that there is an even flow of production from one work station to the next i, e, so that there are no delays at a

Process design in operations managment, when asked to critically discuss ma...

when asked to critically discuss main factors that influence process design within a familiar organisation, does this mean a breakdown of the company''s design process or an analys

Explain the part of machine level instruction, The part of machine level in...

The part of machine level instruction, which tells the central processor what has to be done, is A. Operation code B. Address C. Locator D. Flip-Flop E. None of the

Operation Management, Six Operators are to be assigned to five jobs with th...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given 10 marks in the matrix below. Determine the optimal assignment. Which operator will have no a

Idle time, how to calculae idle time if 8hours shift and cycle time 8 the q...

how to calculae idle time if 8hours shift and cycle time 8 the quantity produed is 40

Explain seniority systems, 1. Employers justify pay differentials on:...

1. Employers justify pay differentials on: a. seniority systems b. production based pay systems c. merit pay systems. D all the above 2. A successful private plainti

Role of operation manager in an organisation, Role of Operation Manager in ...

Role of Operation Manager in an Organisation The challenge for operations managers would appear to be complex. In manufacturing, business drivers will be a relentless increase

Explain complete the forward and backward pass, You are creating a customer...

You are creating a customer database for Winston-Salem Warthogs minor league baseball team. Draw a project network given the information below. Complete the forward and backward pa

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