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 original linear programming problem, Create your own original Linea...

Create your own original Linear Programming problem with a minimum of two variables and two constraints. Your problem should be presented in paragraph form and reflected in a LP eq

A try and cut, would you give an example ? haw it calculate.?

would you give an example ? haw it calculate.?

Relation of process design to types of process flow, Relation of Process De...

Relation of Process Design to Types of Process Flow There is a definite relationship between the production process and process flow. For continuous manufacturing the methods an

Explain the problems associated with performance measurement, Question 1: ...

Question 1: The objective of Government organizations is not for profit. Explain the problems associated with performance measurement in not for profit organisations and ho

Balanced scorecard framework - theory of constraints, 1. Can the balanced s...

1. Can the balanced scorecard framework also incorporate benchmarking and the theory of constraints?  2. What's a constraint?  3. Consider your own goals and the resources an

Explain hierarchy of managers, 1. What are the common characteristics of al...

1. What are the common characteristics of all companies? Can a manager have operation responsibilities? Explain. What are three characteristics that a manager must have to be succe

supply chain, What is the primary objective of supply chain managemen

What is the primary objective of supply chain management

Explain co-worker whose job performance is superior, Spencer just learned t...

Spencer just learned that his salary is $10,000 more than a co-worker whose job performance is superior to his. Equity theory would predict that Spencer would do any of the followi

Explain team meetings can be helpful, Team meetings can be helpful. Interor...

Team meetings can be helpful. Interorganizational conflict is conflict that arises across organizations. What are sources of conflict?

Types of process technologies - job production, Types of Process Technologi...

Types of Process Technologies - Job Production Job one off or make complete are description given to the organization whereby the complete task is handled by a single worker o

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