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

Concept of trade off in business strategy, Concept of Trade off in Business...

Concept of Trade off in Business Strategy The trade-off concept was first introduced by Skinner (1969,1974) who carried out a large study of successful American manufacturing

Explain alternatives for meeting a customer requirement, A company has two ...

A company has two alternatives for meeting a customer requirement for 9,000 units of a specialty molding. If done in-house, fixed cost would be $350,000 with variable cost at $30 p

Explain how much is it costing the company per day, A production process co...

A production process consists of a three-step operation. The scrap rate is 19 percent for the first step and 10 percent for the other two steps. a. If the desired daily output

Explain what is a marketing plan, What is a marketing plan? Why is it impor...

What is a marketing plan? Why is it important for firms to develop their product/service marketing plan in writing? What are the essential components of a well-balanced marketing p

Describe what is the workstation cycle time, Some tasks and the order in wh...

Some tasks and the order in which they must be performed according to their assembly requirements are shown in the following table. These re to be combined into workstations to cre

Explain what role does tca play in the decision, 1. The chapter mentions th...

1. The chapter mentions the theory of transaction cost analysis (TCA). What role does TCA play in the decision to use a company sales force rather than independent manufacturers' a

Why sales promotion is resorted, Why Sales Promotion is resorted? Sales...

Why Sales Promotion is resorted? Sales Promotion is resorted to increase the sale volume.

Explain school cafeteria make or buy its pizzas, The school cafeteria can m...

The school cafeteria can make pizza for approximately $0.30 a slice. The cost of kitchen use and cafeteria staff runs about $200 per day. The Pizza Den nearby will deliver whole pi

Step for construction of string diagram, Step  for construction of string D...

Step  for construction of string Diagram To construct a diagram the  following  steps are required. 1. Step 1 produce a scale map  of the work  area identifying  all machi

Describe rented books and did not get the discount, Hi I answers a question...

Hi I answers a question and earned 10 percent off my next purchased. I just rented books and did not get the discount how can i reversed this??

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