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

Explain which option is more economical, A company is the logistics vendor ...

A company is the logistics vendor for B Company. B has daily shipments of a power-steering pump from its Ohio plant to an auto assembly line in Alabama. The value of the standard s

Explain the three steps in completing a job analysis, As an entrepreneur, h...

As an entrepreneur, how would you go about doing a job analysis for the first employee you are going to hire in your new business? What are the three steps in completing a job anal

Explain graphically depict the interaction among its lunch, Big Bobs Burger...

Big Bobs Burger Barn would like to graphically depict the interaction among its lunch- ordering customers and its three employees. Customers come into the restaurant and eat there,

Case Study, After working for 30 years, Ramjee Somjee Dutt opted for VRS an...

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

Why evaluate training programs is required by company, What can be done to ...

What can be done to motivate companies to evaluate training programs?

Explain permissive actions act, Why do unions emphasize the need for cohesi...

Why do unions emphasize the need for cohesiveness? So they can issue calls for "solidarity" to members during periods of threat Because group members tend to behave different

Explain multiplying the cumulative error by mad, 1. as the amount of on han...

1. as the amount of on hand inventory increases, A. shortage cost increase and carrying costs increase B. Shortage cost decrease and carrying costs increase C. both shorta

Define what changes in dividends will affect the stock price, AirJet Best P...

AirJet Best Parts, Inc. is concerned regarding recent changes in its stock prices for the company and would like to determine the stock prices for key competitors. Key competitors

Explain manager intends to install new equipment, Freight car loadings over...

Freight car loadings over a 12-year period at a busy port are as follows: Week Number Week Number Week Number 1 220 7 350 13 499 2 245 8 360 14 475 3 284 9 423 15 526 4 275 10 380

Explain what types of strategy should including in the plan, Imagine you ar...

Imagine you are creating a marketing plan for a company that will sell kites. As you consider the marketing program, what types of strategy should you consider including in the pla

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