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 forecasting methodologies, Question : What are the common chara...

Question : What are the common characteristics amongst the several forecasting methodologies / techniques? The different techniques make a common assumption that what happen

Explain a way in which resistance to change can be reduced, According to di...

According to dictionary.com, the term change is defined as follows: -verb (used with object) 1. to make the form, nature, content, future course, etc., of (something) different

Explain the scope of an external customers project, Project sponsors within...

Project sponsors within the contractors company have the authority to change the scope of an external customers project as they see fit. Answer Have the authority to change t

Explain scheduled preventive maintenance, Christopher's Cranks uses a machi...

Christopher's Cranks uses a machine that is designed to produce 100 cranks per hour. The firm operates eight hours per day, five days per week. Due to operating constraints (regu

Explain service sector management economics, SSME is an acronym standing fo...

SSME is an acronym standing for "Service Sector Management Economics."

Explain what is the present value of each investment, You must choose betwe...

You must choose between two passive investments. Investment A requires an initial investment of $50,000 but will return $71,000 in three years. Investment B requires an initial inv

Explain security professionals as technology advances, Identify potential e...

Identify potential ethical challenges that may be faced by security professionals as technology advances, applications become more mobile, and computer criminals become more innova

Describe the role that organizational learning, Explain the role that organ...

Explain the role that organizational learning and creativity play in helping managers to improve their decisions.

Explain managers tend to make teams too large, With regard to the question ...

With regard to the question of team size (i.e., how big the team should be), all of the following are true, except: a. Most of the time, teams should be fewer than 10 members b. Ma

Explain what are best practices of college, What are Best Practices of coll...

What are Best Practices of college/university communications to students

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