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 formulate and solve a linear optimization model, Klein Industries m...

Klein Industries manufactures three air compressors: small, medium, and large, which have unit profits of $20.50, $34, and $42 respectively. The monthly projected sales of small ar

Explain what is a learning organization?, Q1. What is a learning organizati...

Q1. What is a learning organization? Q2. 1. "JUST DO IT" advertisement for Nike. What is the marketing purpose of this slogan? Is this slogan effective? 2. "DAIMONDS ARE FORE

Explain branding and packaging and labelling, First, visit a local retail s...

First, visit a local retail store and look at the brand names, package designs, and labels for various products. Choose one product that you think is a "good" example of these prod

Accounting, describe the element that makeup TQM as amoderv philosophy and...

describe the element that makeup TQM as amoderv philosophy and quality mangementsamodern

What kinds of goals will donna likely make, Donna Hamilton is excited to op...

Donna Hamilton is excited to open her own restaurant, the Westminster Inn. Although Donna has worked as a chef and even managed a number of restaurants during her career, she is co

What impacts are there if any of the project team is leftout, There are 3 m...

There are 3 main components to the systems implementation process, which are, organizing the team, determining project scope and expectations and establishing a project plan. Each

Computer the schedule variance schedule performance index, A project to bui...

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached wh

Explain trade-offs among increased wages for unions, What are the trade-off...

What are the trade-offs among increased wages for unions, productivity effects and profitability effects on organizations?

Explain increased rigidity in organizational culture, According to the expe...

According to the experts, the 2020 organizations will possess one of the following characteristics: a. Heavily analytical approaches to problem-solving b. Increased rigidity in org

Sequencing., minimise the operation procedure

minimise the operation procedure

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