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 all the consumer promotion tools, Define all the Consumer Promotion ...

Define all the Consumer Promotion Tools. Samples, contests, competition and money-refund offers, for consumers are Consumer Promotion Tools.

Explain statutory law, Statutory law is: Answer a law enacted by a legislat...

Statutory law is: Answer a law enacted by a legislative body also known as the fundamental law of the nation a form of common law the separation of powers at the federal level all

Explain worldwide industry environment, Organizations are structured to tak...

Organizations are structured to take advantage of their inherent strengths and also to minimize their inherent weaknesses. For example, an organization may outsource its purchasing

Process layout - process design, Process Layout - Process Design This ...

Process Layout - Process Design This form of layout is used when there is no dominant flow pattern, and is particularly appropriate for job shop and small-batch operations. Th

Explain must prepare a budget for a change initiative, Change plans must co...

Change plans must consider the use of a companys resources to maximize potential and ensure success. Financial resources are a definite consideration for any plan or objective. I

Forecasting adn Time Series Anlaysis, To answer Question 1: Use the forecas...

To answer Question 1: Use the forecasting module that you opened in the POM-QM for Windows software to solve the Southwestern University case study at the end of Chapter 4 of the H

Explain security measures for the wireless classes, Imagine you are the Pre...

Imagine you are the President or Dean of a new school. This school is going to be completely mobile and wireless class for the future. Describe and design your school, taking into

Find the specific challenges with overlapping, Explain in detail the greate...

Explain in detail the greatest challenge facing law enforcement agencies in investigating exploitation, cyber stalking, and obscenity. Identify the specific challenges with overlap

How meet small towns daily requirement, Determine how to minimize the numbe...

Determine how to minimize the number needed to meet small towns daily requirement

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