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

Calculate annual demand for the inventory item, Ashish  keeps  his  invento...

Ashish  keeps  his  inventory in special containers. Each  container occupies 10  sq fit of  store space. Only  5000 sq ft  of the storage space is available. The  annual demand fo

Explain work breakdown structure, Develop a Work Breakdown Structure (WBS) ...

Develop a Work Breakdown Structure (WBS) for a project in which you are going to build a bicycle and identify two major components with three levels of details for each component

Explain is herzog a partner in the a1a car wash business, White, Fring, and...

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

Benefits of indicators for quality improvement, Question 1: Describe th...

Question 1: Describe the goals and programs of strategic plan. Definition of goals and importance of goals Action plans Characteristics and execution of action plan

Define the negative impacts of business intelligence, What are the negative...

What are the negative impacts of business intelligence? How does a database and data warehouse support business intelligence?

Explain successful in developing a business model, Do you anticipate that F...

Do you anticipate that Facebook will ever be successful in developing a business model that monetizes their site traffic even further? When they had their public offering, the valu

Point rating method, How to write point rating method for assignment

How to write point rating method for assignment

Explain what type of noise was experienced, Choose a communication situatio...

Choose a communication situation you recently experienced at your workplace or other organization you are affiliated with. Use the human communication process described on pages 10

Explain assess the importance of slack, Assess the importance of "slack" to...

Assess the importance of "slack" to the project manager

Explain organizational structure of your ideal work location, Tell me what ...

Tell me what the organizational structure of your (Ideal) work location would look like, using the terminology of this chapter 17. Use terms like mechanistic, organic, open, closed

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