Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Transcribed Image Text:Wang Lei and Li Mei Cai are newlyweds trying to decide among several available rentals. Alternatives were scored on a scale of 1 to 5 (5 = Best) against weighted
performance criteria, as shown in the table below. The criteria included rent, proximity to work and recreational opportunities, security and other neighborhood
characteristics associated with the couple values and lifestyle. Alternative A is an apartment, B is a bungalow, C is a condo and D is a downstairs apartment in Liİ
Mei's parents' home. Which location is indicated by the performance matrix?
Factor Score for Each Location
Location Factor
Factor Weight
A
B
C
1. Rent
2. Quality of Life
3. Schools
25
3
5
2
20
3
4
1
5
5
2
4. Proximity to work
5. Proximity to recreation
6. Neighborhood security
7. Utilities
10
4
1
15
4
5.
2
4.
15
4
2
10
1
Total
100
The weighted score for location A is - (Enter your response as an integer.)
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- What are the advantages and disadvantages of using the weighted factor method, centre of gravity method and location break even analysis in operations management when looking at locationsarrow_forwardAlthough most organizations may make the location decision infrequently, there are some organizations that make the decision quite regularly and often. Provide one or two examples. How might their approach to the location decision differ from the norm?arrow_forwardConsider the following information about sites A, B, and C: Site A B C FC (annual) $100.000 $120.000 $150.000 VC (per unit) $10 $8 $7 For the preferred site for 20,000 units per year, what would be your total costs?arrow_forward
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