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

What are the steps to make up flow charts, What are the steps to make up fl...

What are the steps to make up flow charts? Most flow charts are made up of three main types of symbol. • Oval shapes or elongated circles signify the start or termination of

Evolution of operation management, How operations evolved from industrial r...

How operations evolved from industrial revolution to internet revolution?

Define why is project management popular tool in recent year, Why is projec...

Why is project management popular tool in recent years?

Define whether each of the following is sufficiently support, Explain wheth...

Explain whether each of the following is sufficiently supported by consideration to be a contract. Provide examples, laws, or other relevant information to support your answer. Mag

Factors for best path for data among two points on a network, Name three fa...

Name three factors that a router must consider when determining the best path for data between two points on a network?

Explain union leaflet urging employees, Suppose a co-worker just brought yo...

Suppose a co-worker just brought you a union leaflet urging employees to sign an authorization card. What may happen from this point on?

Contents of an operations strategy , Contents of an Operations Strategy  ...

Contents of an Operations Strategy  The contents of an operations strategy is the policies, plans, performance targets which the organisation wishes to achieve. To determine

Explain stage of the lifecycle, What are come strategic initiatives that Si...

What are come strategic initiatives that Sigma could pursue to prolong its growth naming the product lifecycle and how Sigma will need to recognize the stage of the lifecycle?

[email protected], Modelling – meaning and process, Certainty and uncertainty...

Modelling – meaning and process, Certainty and uncertainty in models, importance of understanding data before modelling , modelling with spreadsheet in simple decision situations.

Explain the categories of problems in six sigma methodology, Describe the c...

Describe the categories of problems that have been found to be approached by Six Sigma methodology Type your question here

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