Welcome to your Facility Location Planning
1.
As you sell more beyond the Break even point, you start making :
2.
Break even analysis plays a major role in selecting which location whill become profitable sooner:
3.
Center of gravity method is a quantitative technique that can be used to determine the optimal location of a facility based on minimizing the transportation cost between the where the goods are produced and where they are being sold / distributed
4.
The center of Gravity method finds out the x and y co-ordinates of the new plant by taking the simple average of the cx and y co-ordinates of all the existing facilities
5.
The Factor location rating method calculates the weighted score of each location by multiplying the Factor rating of each factor with location rating for each location and then adding it up.
6.
Transportation model cannot be used for factor location planning:
7.
Which of the following can be considered as some of the factors to decide the location of the facility:
8.
Simple median model assumes that the movement of goods accross facilities can be done diagonally.
