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

Ethics, An airplane manufacturer has spent a great deal of money developing...

An airplane manufacturer has spent a great deal of money developing a new airplane. The company badly needs cash because it is financially overextended. If it does not get large or

Define the difference between salary ranges and salary bands, • answer the ...

• answer the following questions on or before Sunday, March 31: 1) With whom does your organization compete in terms of compensation and benefits? What does your company policy

Explain how can efficiency of purchasing processes, How can efficiency of p...

How can efficiency of purchasing processes be improved?

Capacity planning and controlling, #theories and techniques can help if app...

#theories and techniques can help if applies properly.

Explain hides the information from the other side, Research suggests that a...

Research suggests that a party with an attractive BATNA will likely receive a more positive outcome if it hides the information from the other side.

Public sector - health care, Public Sector - Health Care 1. Increased...

Public Sector - Health Care 1. Increased consumer demands - increased performance measurement 2. Increased quality of service and choice demanded 3. Increasing salaries

Testing the optimality, Step 1 : It is observed that cost of transportation...

Step 1 : It is observed that cost of transportation is to Rs. 144. Step 2: Testing the Optimality : After obtaining the initial basic feasible solution the next step is to test

Explain authority to make such an agreement, White, Fring, and Pinkman are ...

White, Fring, and Pinkman are partners in the operation of the A1A car wash. Without Fring's knowledge, White and Pinkman sold 10 percent of their interest in the business and its

Computer simulation used to evaluate capacity, Computer simulation Used to ...

Computer simulation Used to Evaluate Capacity In many systems, proper scheduling of the conveners ion can lead to better use of existing capacity. Sometimes a careful analysis r

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