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 the probability that this person actually has heart, Medical studie...

Medical studies have shown that 10 out of 100 adults have heart disease. When a person with heart disease is given an EKG test, a 0.9 probability exists that the test will be posit

Graphical method of solution for linear programming problems, Question: The...

Question: The graphical method of solution for linear programming problems is an effective means for solving a linear programming problem's six decision variables and eight constra

What impacts are there if any of the project team is leftout, There are 3 m...

There are 3 main components to the systems implementation process, which are, organizing the team, determining project scope and expectations and establishing a project plan. Each

Explain expected profit function to be maximized, A foundry receives an ord...

A foundry receives an order for specialty castings. Cost of producing each casting is estimated to be $15,000. The customer requires that exactly 4 good castings be supplied. The c

Explain companies can voluntarily acknowledge a union, Companies can volunt...

Companies can voluntarily acknowledge a union through a card check recognition process if it appears to have 30% support.

Operation management case study assignment, Problem- 1) Many Institution...

Problem- 1) Many Institutional Models: There are a variety of organizational forms that are assumed by the Manipal hospitals for carrying on their work. The Manipal hospitals ca

Evaluate the servicescape dimensions, Question: (a) Services are usuall...

Question: (a) Services are usually produced and consumed simultaneously, and in many cases the customer has to enter the service facilities and be within the servicescape befo

Variety management, what are the different methods of variety management of...

what are the different methods of variety management of manufactured goods

Define what unions unionization does southwest airlines have, What unions /...

What unions / unionization does Southwest Airlines have?

Polycentric and geocentric attitude toward foreign operation, 3.On page 125...

3.On page 125 the textbook presents three different managerial attitudes towards foreign operations: ethnocentric, polycentric, and geocentric. Let%u2019s correctly define each of

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