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 system concept of organisation, Explain system concept of organisat...

Explain system concept of organisation. System concept of Organisation: a) System is a group of independent although inter dependent elements (termed as sub-systems) that

Explain leadership is more important in today''s flatter, Do you think lead...

Do you think leadership is more important in today's flatter, team based, employee empowered organizations? Why or why not?

Compute the mad and mse, The last 4 weekly values of sales were 80,100,105 ...

The last 4 weekly values of sales were 80,100,105 and 90 units. The last 4 forecast (for the same 4 weeks) were 60, 80, 95 and 75 units. Calculate the MAD, MSE and MAPE for these

Show role as an employee of an organization in the is field, Briefly descri...

Briefly describe your role as an employee of an organization in the IS field. Give examples of what you need to know about information systems and how it can help with your job per

Master production scheduling, Master Production Scheduling The master s...

Master Production Scheduling The master schedule ( or master production schedule of MPS) sets the quantity of each end item (finished product) to be completed in each time peri

Explain a project work breakdown structure, Which of the following items be...

Which of the following items best describe a project Work Breakdown Structure (WBS)? A. An organizational chart depicting who will perform project work. B. A schedule depicting w

Linebalancing, what do you understand by "line balancing"? What happens if ...

what do you understand by "line balancing"? What happens if balance doesn''t exist ?

Describe future of global air transportation, What do you predict for the f...

What do you predict for the future of global air transportation?

Which kind of portable computer will meet everyones needs, Your organizatio...

Your organization plans to acquire 250 new portable computers. The finance vice president has asked you to lead a project team assigned to define users' computer hardware needs and

Explain ethics training or strong ethical leadership, Which do you think wo...

Which do you think would be more effective for shaping long-term ethical behaviour in an organization: a written code of ethics combined with ethics training or strong ethical lead

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