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

Discuss whether a company must have balance set of managers, Discuss whethe...

Discuss whether a company should have a balance set of managers of equal diversity background as employees. Support your answer.

Calculate discount on acquisition, Westside Printing Limited was incorporat...

Westside Printing Limited was incorporated on 1 July 200A to take over the existing business of Bob's Printing. Net assets (other than cash) were taken over at fair value. The tota

Must adobe establish a policy for granting flexible work, Should Adobe esta...

Should Adobe establish a policy for granting flexible work schedule? If yes what might that policy contain?

Explain safety stock would provide a stock out risk, The injection moulding...

The injection moulding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 g

Explain the similarities and differences of each leadership, Compare and co...

Compare and contrast the Contingency, Path-Goal, and Leader Member Exchange Theories. Describe the similarities and differences of each leadership theory. Explain some of the

Presentation to describing the data types, Create a 10-12 slide presentatio...

Create a 10-12 slide presentation describing the data types. Include the following in your presentation? Introductory slide? Slide for each data type (containing a definition of th

What is usefulness of flexible manufacturing systems, Q. What is usefulness...

Q. What is usefulness of flexible manufacturing systems to manufacturing operations? Flexible manufacturing systems (FMS) comprise a few machines with part and device handling

Explain the front-room and back-room services, Identify the front-room and ...

Identify the front-room and back-room services for the following organizations. Could these services be improved by increasing or decreasing the degree of customer contact? By sepa

Explain growth rates of newly industrialized countries, The growth rates of...

The growth rates of newly industrialized countries are burgeoning between 5 and 11% That is a little over two times the growth rates of developed countries. Why do you think tha

Explain business-level strategy, "Business-Level Strategy" Please respond t...

"Business-Level Strategy" Please respond to the following: • From the first e-Activity, assess your satisfaction with the company you researched and make recommendations about h

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