Which procedure is used to develop a factor rating?

Given the retail location coordinates and the value of material movement in the following chart, find the best supply point location using the center-of-gravity method.   Retail Outlet Location Coordinates X, Y Material Movement 1 25, 05 1,500 2 17, 20 3,000 3 12, 12 1,000 4 06, 09 2,200

During a major expansion in 2004, Douwalla’s Import Company developed a new processing line for which the delivered equipment cost was $1.75 million. This year, the board of directors decided to expand into new markets and expects to build the current version of the same line. Estimate the cost if the following factors are applicable: construction cost factor is 0.20, installation cost factor is 0.50, indirect cost factor applied against equipment is 0.25, and the total plant cost index has risen from 2509 to 3713 over the years.

what is the importance of ultimate zone rating in baseball

The Giant Farmer Company processes food for sale in discount food stores. It has two plants: one in Chicago and one in Houston. The company also operates warehouses in Miami, Florida; Denver, Colorado; Lincoln, Nebraska; and Jackson, Mississippi. Forecasts indicate that demand soon will exceed supply and that a new plant with a capacity of 8,000 cases per week is needed. The question is where to locate the new plant. Three potential sites are Buffalo, Atlanta, and Memphis. The two tables below give data on capacities, forecasted demand, and shipping costs that have been gathered. Plant Chicago Houston Capacity (cases per week) New plant Warehouse Plant Chicago Houston Buffalo (alternative 1) Atlanta (alternative 2) Memphis (alternative 3) For each alternative new plant location, determine the total cost of the shipping pattern that will minimize total transportation costs. Where should the new plant be located? If the new plant is located in Buffalo, the optimal cost is $ (Enter your…

Given the dataset of a supply network in the following table: Location X co-ordinates Y co-ordinates Supply or demand Site 1 61 44 40 Site 2 12 16 Site 3 38 26 76 Site 4 6 22 72 63 22 54 Supplier 1 Supplier 2 26 8 77 18 62 37 Supplier 3 Supplier 4 8 65 43 Supplier 5 43 36 26 Supplier 6 8 41 68 a. Calculate the Euclidean distance from every potential site to every supplier b. Calculate the load-distance value for every potential site. c. Conclude on the best site with the lowest load-distance value.

Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table. Factor Weight Philadelphia New York Customer convenience 0.25 70 80 Bank accessibility 0.20 40 90 Computer support 0.20 85 75 Rental costs 0.15 90 55 Labor costs 0.10 80 50 Taxes 0.10 90 50 Based on the given information, the best location for Northeastern Insurance Company to open the office is with a total weighted score of (Enter your response as a whole number.)

Explain The Factor-Rating Method?

What major issues should be considered when determining a retail site location

7