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 what monthly penalty is the company incurring, A food processor use...

A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding c

Explain a star product is one that, A star product is one that A) in the...

A star product is one that A) in the growth stage but has a low market share B) Has negative to low earning characteristics C) Continues to increase market share even at t

Explain in detail a matrix structure for an organization, Describe in detai...

Describe in detail a matrix structure for an organization. What types of competencies and technologies would be best suited for this kind of structure? Why?

Explain assembly of power steering pumps, A small assembly line for the ass...

A small assembly line for the assembly of power steering pumps needs to be balanced. Exhibit 8.11 in the text is the precedence diagram. The cycle time is determined to be 1.5 minu

Discuss the validity of losing control of fulfilment, Discuss the validity ...

Discuss the validity of the following statement: "Using third-party fulfilment means losing control of fulfilment

Lead time - operations management, Lead Time - Operations Management E...

Lead Time - Operations Management Estimated time from release of an order requesting the manufacture or procurement of any item until the time it is available. The lead time (

Explain what is my alternative hypothesis, In preparing a survey to be admi...

In preparing a survey to be administer to my university peers, it is necessary to tabulate these data once collected. How should the data be tabulated and what statistical methods

Explain applicable federal regulations relating to kickbacks, Identify and ...

Identify and discuss applicable federal regulations relating to kickbacks

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