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

Q3. What do you understand by “line balancing”? What happens, Q3. What do y...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain inatrode produces computer chips, Inatrode produces 4750 computer c...

Inatrode produces 4750 computer chips per day. Each day, a sample of 375 chips is tested for a period of 96 operating hours each. During the test, 3 failed at 15 hours, 5 failed at

Explain ensures goals and satisfaction, All of the following items describe...

All of the following items describe the sponsor's responsibilities for the project EXCEPT: A. Defines performace / success criteria B. Selects a manageable set of project to

Explain customer spend at the service desk, Sharp Discounts Wholesale Club ...

Sharp Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes. Sharp Discoun

Explain how are the quality of health care, How are the quality of health c...

How are the quality of health care and excellence in customer service related to each other?

Explain why is forecasting important in organizations, Why is forecasting i...

Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?

Explain capital expense, Eric Johnson (using data from Problem 1.6) determi...

Eric Johnson (using data from Problem 1.6) determines his costs to be as follows: • Labor: $10 per hour • Resin: $5 per pound • Capital expense: 1% per month of investment • Energy

Explain function of operational leadership, Create a scenario that depicts ...

Create a scenario that depicts how the first line leader should act to fulfil the purpose and function of operational leadership in his or her area

Make a performance appraisal form for a position, Design a performance appr...

Design a performance appraisal form for a position or targeted job for which you have some first-hand knowledge. First: be clear about the purpose of the assessment process: i.e.,

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