A. linear programming. B. consumer surveys. C. factor rating. D. transportation models. E. center of gravity methods. Answer: -factor rating 50.A full-service restaurant is considering opening a new facility in a specific city. The table belowshows its ratings of four factors at each of two potential sites.FactorWeightGary MallBelt LineAffluence of local population.203030Traffic flow.405020Parking availability.203040Growth potential.201030The score for Gary Mall is _____ and the score for Belt Line is ______. Nội dung chính
Get answer to your question and much more 51.A firm is considering two location alternatives. At location A, fixed costs would be $4,000,000 peryear, and variable costs 0.30 per unit. At alternative B, fixed costs would be $3,600,000 per year,with variable costs of $0.35 per unit. If demand is expected to be 10 million units, which plantoffers the lowest total cost? Get answer to your question and much more 52.The center-of-gravity method doesnottake into consideration thea.location of marketsb.volume of goods shipped to the marketsc.value of the goods shippedd.combination of volume and distancee.center-of-gravity method considers none of the abovec (Methods of evaluating location alternatives, moderate) 53.The center-of-gravity method is used primarily to determine what type of locations? Get answer to your question and much more Which of the following is an approach to location analysis that includes both qualitative and quantitative consideration?An approach to location analysis that can include both qualitative and quantitative considerations is: A. the center-of-gravity method. Which of the following is a method which is used in location analysis?Center-of-gravity technique This method is generally used to locate the warehouses or distribution centre so that the maximum number of markets can be covered easily. Which of the following is a location analysis techniques typically employed by a service organization?Location analysis techniques typically employed by service organizations include: the factor rating method. Which are the primary site related factors in location decisions?Several factors that influence location positioning include the location of raw materials, proximity to the market, climate, and culture.
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Terms in this set (93)(T/F) FedEx chose Memphis, Tennessee, for its central location, or "hub," primarily because of the incentives offered by the city of Memphis and the state of Tennessee. FALSE FedEx chose Memphis, Tennessee, as its U.S. hub because: E) All of the above are true. Which of the following statements regarding FedEx is
TRUE? C) FedEx believes the hub system helps reduce mishandling and delays due to better controls. Industrial location analysis typically attempts to: A) minimize costs. A location decision for a traditional department
store (e.g., Macy's) would tend to have what type of focus? C) revenue focus A location decision for an appliance manufacturer would tend to have what type of focus? A) cost focus Location decisions are often being based on which of the following? E) all of the above FedEx schedules its aircraft using a(n) ________ system, which it credits with reducing package mishandling and delay in transit. central hub Why does FedEx use a central hub airline network, rather than a "point-to-point" network? Describe FedEx's approach to choosing its superhub. The hub system is more centralized, and allows for greater control; greater control reduces package mishandling and transit delays. Also, the hub permits service to a far greater number of points with fewer aircraft than a point-to-point network would. Their U.S. hub in Memphis reflects a need to be geographically centralized, and in a location where schedules can more reliably be kept because weather delays are minimized. State the fundamental objective of a firm's location strategy. How is this basic objective carried out by industrial or goods-producing firms; how does that differ for service firms? The fundamental objective is to maximize the benefit of location to the firm. For industrial location decisions, the focus is frequently on minimizing cost, because cost often varies dramatically from one location to another. Service location decisions often focus on maximizing revenues. (T/F)Lists have been developed that rank countries on issues such as "competitiveness" and "corruption." TRUE (T/F)The ratio of labor cost per day to productivity, in units per day, is the labor cost per unit. TRUE (T/F)For a location decision, labor productivity may be important in isolation, but low wage rates are a more important criterion. FALSE (T/F)Unfavorable exchange rates can offset other savings in a location decision. TRUE (T/F)An example of an intangible cost, as it relates to location decisions, is the quality of education. TRUE (T/F)In location decisions, intangible costs are easier to measure than tangible costs. FALSE (T/F)Location decisions are based on many things, including costs, revenues, incentives, attitudes, and intangibles, but not on ethical considerations. FALSE (T/F)Manufacturers may want to locate close to their customers if the transportation of finished goods is expensive or difficult. TRUE (T/F)One reason for a firm locating near its competitors is the presence of a major resource it needs. TRUE Why is Northern Mexico used as a cluster for electronics firms? D) NAFTA Among the following choices, an operations
manager might best evaluate political risk of a country by looking at which type of country ranking? C) based on corruption ________ and currency risks are to key country success factors
as land costs and ________ are to key region success factors. C) Labor cost; proximity to customers Which of the following workers is the most productive? D) $100 wages, 21 parts produced A employee produces 15 parts during a shift in which he made $90. What is the labor content of the product? C) $6 The
reason fast food restaurants often are found in close proximity to each other is: B) location clustering near high traffic flows. Currency risk is based on what assumption? B) Values of foreign currencies continually rise and fall in most countries. Governmental
attitudes toward issues such as private property, intellectual property, zoning, pollution, and employment stability may change over time. What is the term associated with this phenomenon? B) political risk Globalization of the location decision is the result of all EXCEPT which of the following? B) higher quality of labor overseas In location planning, environmental regulations, cost and availability of utilities, and taxes are: C) regional/community factors. Which of the following is usually NOT one of the top considerations in choosing a country for a facility location? D) zoning regulations When making a location decision at the country level, which of these would be considered? E) location of markets Which of these factors would be considered when making a location decision at the
region/community level? E) proximity to raw materials and customers When making a location decision at the region/community level, which of these would be considered? C) cost and availability of utilities Which of these factors would be considered when making a location decision at the site level? C) zoning regulations Tangible costs include which of the following? C) taxes Intangible costs
include which of the following? D) all of the above Which of the following statements regarding "proximity" in the location decision is FALSE? E) Clustering among fast food chains occurs because they need to be near their labor supply. Which of the following is the best example of the proximity rule that, for service firms, proximity to market is the most important location factor? B) Few people will travel out of state for a routine haircut. ________ costs are readily identifiable and can be measured with precision. Tangible Political risk, cultural issues, and exchange rates are among those ________ that affect which country will be selected for a location decision. key success factors Labor cost per unit is also referred to as ________. labor content ________ occurs when competing companies locate near each other because of a critical mass of information, talent, venture capital, or natural resources. Clustering Identify five factors that have fostered globalization. Globalization has taken place because of the development of: Identify five factors that affect location decisions at the site level. Factors that affect location decisions at the site level include site size and cost; air, rail, highway, waterway systems; zoning restrictions; nearness of services/supplies needed; and environmental impact issues. What is the role of labor productivity in location decisions? Labor productivity is the number of units output per hour of labor input. For location decisions, this is more often displayed in the form of "labor content," which is the dollar labor cost per unit. Labor content provides a useful comparison in cases where wage rates and productivities vary greatly from country to country. In short, low productivity can negate low wages. What is the impact of exchange rates on location decisions? Exchange rates fluctuate, and they can negate savings from low wage rates. Why is "quality of life" an element of intangible costs associated with location decisions? Provide an example as part of your discussion. Quality of life affects location decisions in at least one indirect way. Consider a firm that has narrowed its location to two cities. One city has an abundance of educational and recreational facilities, good hospitals and parks. The other has very little of these elements. If you were a prospective employee, in which city would you rather live? Low quality of life can drive up labor costs, and it might also have an impact on training costs and health care costs. "Proximity" or closeness implies that a firm should locate "close" to something. What are the three kinds of proximity described in the text? What are the basic conditions under which each is appropriate? What kinds of firms are likely to use each of these? The three are proximity to markets, proximity to suppliers, and proximity to competitors. Proximity to markets is appropriate when customers will not travel far to get the good or service, or when delivering the product to the customer is costly or difficult. Many services must be close to their markets, as must home construction. Proximity to suppliers is appropriate when raw materials are perishable, or when supplies are costly or bulky to transport. Seafood processors need to be near the docks, and smelters need to be near the mines. Proximity to competitors reflects a kind of synergy-retailers find that volume is higher when there are more competitors nearby, because this clustering brings higher traffic counts. What is it called when competing companies locate next to each other? Why do they do this? It is called clustering. In many cases, this occurs because of a critical mass of information, talent, venture capital, or natural resources. Alternately, clustering occurs because several firms close together create a larger total market than the same firms separated.
(T/F)The graphic approach to locational cost-volume analysis displays the range of volume over which each location is preferable. TRUE (T/F)The factor-rating method can consider both tangible and intangible costs. TRUE (T/F)The center-of-gravity method finds the location of a centralized facility, such as a distribution center, that will maximize the organization's revenue. FALSE (T/F)The transportation model calculates an optimal shipping system between a central facility and several outlying customers. FALSE Which of the following statements regarding the center-of-gravity method is FALSE? A) It is designed to minimize the maximum possible travel distance to any of the locations. Community attitudes, zoning restrictions, and quality of labor force are likely to be considered in which of the following location decision methods? E) factor-rating method Which of the following methods best considers intangible costs related to a location decision? C) factor-rating method Evaluating location alternatives by comparing their composite (weighted-average) scores involves which of the
following? A) factor-rating analysis Which of the following is an approach to location analysis that includes both qualitative and quantitative considerations? B) factor-rating method On the crossover chart where the costs of two or more location alternatives have been plotted, the quantity at which two cost curves cross is the quantity where: E) total costs are equal for two alternative locations. The center-of-gravity method is used primarily to determine what type of locations? C) distribution center locations A regional bookstore chain wants to build a distribution center that is centrally located for its eight retail outlets. It will most likely employ which of the following tools of analysis? C) center-of-gravity method Production and transportation costs are always considered in which of the following location decision methods? B) transportation model The transportation model, when applied to location analysis: B) minimizes total production and transportation costs. The ________ method is popular because a wide variety of factors, from education to recreation to labor skills, can be objectively included. factor-rating The ________ is a mathematical technique used for finding the best location for a single distribution point that services several stores or areas. center-of-gravity method The ________ is used to determine the best pattern of shipments from several points of supply to several points of demand. transportation model Identify the four major quantitative methods for solving location problems. Factor-rating method, locational cost-volume analysis, center-of-gravity method, and transportation model. What are the advantages and disadvantages of the use of the factor-rating method? Factor rating can handle a mix of quantitative and qualitative variables; its calculations are simple and straightforward. Factor rating is subject to sensitivity to small swings in weights and scores, and is subject to subjectivity (different judges see different scores for same site). What kinds of location decisions are appropriate for the use of locational cost-volume analysis? Write a brief paragraph explaining how the method can assist an operations manager in choosing among alternative sites in making a location decision. Crossover analysis is appropriate when the primary focus of a location decision is cost. For each alternative site, crossover analysis constructs a total cost curve composed of a fixed cost and a variable cost that depends upon volume. Where these cost curves intersect (or cross over) is the point at which two alternatives have the same cost. The graph of the cost curves of all alternative sites will display the range of volumes over which each site has the lowest cost of all alternatives. What kinds of location decisions are appropriate for the use of center-of-gravity analysis? What variable is being optimized in this analysis? The center-of-gravity technique is appropriate when the location decision must find a single centrally-located site to serve any number of outlying points; locating a distribution center to serve a dozen retail stores is an example. The analysis leads to a location that (approximately) minimizes the distribution cost (or total distance traveled) between all outlying points and the center or hub. (T/F)Service firms choose locations based, in part, on the revenue potential of a site. TRUE (T/F)The location decisions of goods-producing firms will generally pay more attention to parking, access, and traffic counts than will service location decisions. FALSE (T/F)Location decisions of goods-producing companies often assume that costs are relatively constant for a given area; therefore, the revenue function is critical. FALSE Which of the following is NOT among the eight determinants of revenue and volume for a
service firm? B) shipment cost of finished goods Which of the following is among the eight determinants of revenue and volume for a service firm? E) all of the above Traffic counts and purchasing power analysis of drawing area are techniques associated with: C) a retail or professional service location decision. La Quinta Inns has a competitive edge over its rivals because it: A) uses regression analysis to determine which variables most influence profitability. Which of the following is NOT one of the predictive variables chosen by the profitability regression model used by La Quinta Inns? E) the number of inns in a region Traffic counts and demographic analysis of drawing area are associated with: C) service location decisions.
Location analysis techniques typically employed by service organizations include: E) all of the above. Which of the following is most likely to affect the location decision of a service firm rather than a manufacturing firm? C) parking and access Which of the following is a location analysis technique typically employed by a service organization? A) purchasing power analysis A jewelry store is more likely than a jewelry manufacturer to consider ________ in making a location decision. C) appearance/image of the location Which of the following is a location analysis
technique typically employed by a manufacturing organization? A) transportation method Which of the following assumptions is NOT associated with strategies for goods-producing location decisions? C) High customer-contact issues are critical. Which of the following is most likely to affect the location strategy of a manufacturing firm? B) utility costs Industrial firms choose locations that minimize cost, but service firms look for locations with good demographics and traffic count because these variables are indicators of good ________. revenue or volume of business Service location strategies and goods-producing location strategies rely on very different sets of assumptions. What are the assumptions associated with goods-producing locations? How do these assumptions lead to a location strategy? The assumptions for goods-producing locations are: (1) location is a major determinant of cost; (2) most major costs can be identified explicitly for each site; (3) low customer contact allows focus on the identifiable costs; and (4) intangible cost can be objectively evaluated. On the basis of these assumptions, the location strategy for goods-producing firms is usually aimed at minimizing cost. How do service facility location decisions differ from industrial location decisions in terms of the techniques used to analyze them? Service location decisions tend to focus on the revenue function, whereas manufacturing/industrial location decisions tend to focus on costs. The service sector uses techniques such as regression analysis, traffic counts, demographic analysis, purchasing power analysis, and GIS. Services do share two methods with manufacturing firms: the factor-weighting approach and the center-of-gravity method. Identify the four predictive variables chosen by the profitability regression model used by La Quinta Inns. Identify some that were tested but not included in the final model. The
variables are: What describes a system that stores and displays information that can be linked to a geographic location? E) GIS Geographic information systems can assist the location decision by: C) combining geography with demographic analysis. Databases containing such variables as street maps, utilities, population age and income, and the software that analyzes such data for location decisions, are referred to as ________. geographic information systems or GIS Sets with similar termsSCM ch 882 terms zachouard_GEORGES SCM ch 882 terms alexcirella Chapter 847 terms packyjr6 ISDS 3115 Chapter 851 terms mburle7525 Sets found in the same folderSCMA 361 (CHAPTER 5S)80 terms raquelorozco98 SCMA 361 (CH7)121 terms raquelorozco98 SCMA 331 (CH7S)78 terms raquelorozco98 SCMA 361 (CH5)112 terms raquelorozco98 Other sets by this creatorPractice mngt final30 terms raquelorozco98 final mngt 475 (CH 8,9,10,11,12)131 terms raquelorozco98 UNL MNGT475 PROF.MIRZO MIDTERM135 terms raquelorozco98 MRKT 426 UNL EXAM 237 terms raquelorozco98 Verified questions
ADVANCED MATH Develop an analogue of Cramer's rule for solving systems of n linear congruences in n unknowns. Verified answer
ADVANCED MATH The Clarke family considers the option of renting a car for 1 day, rather than the full week. One agent recommends a full-size car for a flat fee of $90/day with unlimited kilometres. Another agent recommends a mid-size car that costs$40/day plus 25 cents/km driven. a) Write an equation to represent the cost for the full-size car. b) Write an equation to represent the cost for the mid-size car. c) Solve to find when the costs of the two car are the same. d) In what circumstances will the mid-size car cost less? e) If the Clarkes want to drive to visit relatives in Parksville, about 120 km away, which option will cost less? Explain. Remember that they plan to return the car the same day. Verified answer ADVANCED MATH Prove the following statements: (a) If gcd(a, n) = 1, then the integers $$ c, c+a, c+2 a, c+3 a, \ldots, c+(n-1) a $$ form a complete set of residues modulo n for any c. (b) Any n consecutive integers form a complete set of residues modulo n. [Hint: Use part (a).] (c) The product of any set of n consecutive integers is divisible by n. Verified answer
ADVANCED MATH The municipal sewer line runs straight through a new subdivision from point A(20, 20) to point B(80, 60) on a survey map. Houses at C(30, 70) and D(85, 20) need connections to this sewer line. The developer calculates that connecting to the sewer line at points E(50, 40) and F(65, 50) will minimize digging and the length of pipe required. a) Verify that the developer has found the shortest route from each house to the sewer line. b) To the nearest metre, what length of pipe is needed for the two connections if the intervals between grid lines on the survey each represent 2 m? c) The excavation contractor suggests digging a straight trench between the two houses and connecting to the sewer line at the point where the trench meets it. Find the coordinates of this point. d) Should the developer use the contractor’s suggestion? Justify your answer. Verified answer Recommended textbook solutions Elementary Number Theory7th EditionDavid Burton 776 solutions Numerical Analysis9th EditionJ. Douglas Faires, Richard L. Burden 873 solutions A First Course in Mathematical Modeling5th EditionFrank R. Giordano 275 solutions Introduction to Real Analysis4th EditionDonald R. Sherbert, Robert G. Bartle 842 solutions Other Quizlet setsQuizzes Plant Propagation37 terms curtis_perkins12 Biology II Exam 191 terms AriellllllllaPLUS RMIN 4000 Exam 3 Study Guide49 terms zachgarlow LMSW ASWB EXAM212 terms Sydney_Kulhanek4 Related questionsQUESTION Rank and file employees have input in decision making through collective bargaining representatives, as specified in the collective bargaining agreement. true or false 4 answers QUESTION In the A-B-C inventory model, the category C items are typically--- 2 answers QUESTION Information is of no value if 4 answers QUESTION In which stage in the rational decision-making model do you evaluate the chosen solution's ability to take advantage of an opportunity? 11 answers Which of the following is an approach to location analysis that includes both qualitative and quantitative consideration?An approach to location analysis that can include both qualitative and quantitative considerations is: A. the center-of-gravity method.
Which method is used in location analysis?Load-Distance Method
It is a mathematical model that analyzes the Load and Distance of the sites. In this method, the choice of the location depends upon the nearness of the most relevant factors.
Which of the following are basic steps in the location decision process?Procedure for Making Location Decisions. Step 1 Identify Dominant Location Factors. In this step managers identify the location factors that are dominant for the business. ... . Step 2 Develop Location Alternatives. ... . Step 3 Evaluate Location Alternatives.. Which of the following is the first step in the location decision process quizlet?The first step in developing location alternatives is identifying important factors. The first step is deciding on the criteria for evaluating the alternatives. An example of a regional factor in location planning is the location of our markets (either existing or potential).
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Which of the following is an approach to location analysis that includes both qualitative and quantitative considerations select one?
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