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

Describe the similarities and differences among, Discuss the similarities a...

Discuss the similarities and differences among the organization, group, and job levels in open systems theory.

Learning curve concept plays vital role in location decision, This assignme...

This assignment is designed to demonstrate that the learning curve concept plays a vital strategic role in location decision. A company started making a new product simultaneously

Explain what is the purpose of a provider contract, What is the purpose of ...

What is the purpose of a provider contract? What intentions are enclosed in a provider contract and why is it important to detail party relationships, services, obligations, and ob

Describe americans doing business in china, 1. Americans doing business in ...

1. Americans doing business in China. 2. What are the pros and cons of doing business in China? 3. What kind of strategy do the Chinese use? 4. Rules for doing bunnies in China. 5.

Service sector - financial services, Service Sector - Financial Services ...

Service Sector - Financial Services 1. Explosion of customer choice  2. Globalisation of financial services - extensive use of computer technology  3. Innovation on bot

Quality, Ques: What do you think happened to the quality, variety, availabi...

Ques: What do you think happened to the quality, variety, availability or cost of agricultural or manufactured products - or the level of competition? Ans: Quality increased; va

Explain in what ways if anywhere biases stereotypes, In what ways if anywhe...

In what ways if anywhere biases stereotypes or overt discrimination involved in this situation?

Explain quantitative risk so important in risk mitigation, Why is quantitat...

Why is quantitative risk so important in risk mitigation? Explain how you have seen this in action in life or in your organization.

Explain the logistics has such an important economic impact, Why or why not...

Why or why not the logistics has such an important economic impact

Explain what is the status of the internet contract, Beth advertised her 20...

Beth advertised her 2005 Corvette for sale on the Internet. In her advertisement, she falsely stated that the vehicle had only been driven 60,000 miles when in fact it had been dri

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