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 risk prevention strategies, Risk prevention strategies should inclu...

Risk prevention strategies should include less detailed planning training static designs and traditional systems all of the above none of the above

Explain flight reservations and vacation packages, Which strategy does this...

Which strategy does this exemplify? Kayak and Orbitz provide their customers with a variety of travel options including flight reservations, vacation packages, flight and hotel opt

Define importance of training and education, Define importance of Training ...

Define importance of Training and Education. Importance of Training and Education: Training and education bring employees to a standard whether they can carry out industrial

Natural extrinsic reward comparises all the following except, Natural extri...

Natural extrinsic reward include all the following except/1.compliment/2.special Jon/3.asking advice/4.recognition/5. Merit pay increase/ which of these-answer is correct

Explain what issues would a judge decide, Fun Products, Inc. is in the busi...

Fun Products, Inc. is in the business of designing computer games. At the end of a particularly successful year, company management decided to throw a celebration party at which it

Explain which of these costs are associated with quality, Identify signific...

Identify significant costs in the organization like Wal-Mart. Which of these costs are associated with quality? Remember, quality costs are not limited to manufacturing organizatio

Advantage of least cost method, Advantage of Least Cost Method a.      ...

Advantage of Least Cost Method a.       This method   provides accurate solution as transportation cost is consider while making  allocation. b.      It is very simple  and

Is focused factory concept applicable in service sector, Is the 'focused fa...

Is the 'focused factory' concept described by Skinner applicable in the service sector? Answer:  Yes, think of Schmenner's service-process matrix and the lower quadrant entitled

Location planning and analysis: problems, A manufacturing company preparing...

A manufacturing company preparing to build a plant is considering three potential locations for it.

Explain theory y, Explain Theory 'Y'. This theory is place forward by D...

Explain Theory 'Y'. This theory is place forward by Douglas McGregor. It is based upon the management thinking containing certain assumptions regarding human nature and human b

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