Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Question
Chapter 8, Problem 2DRQ
Summary Introduction
To respond: To the given statement.
Statement: “Importance of location decision is often vastly overrated and the fact that virtually every type of business located in every section of the country which means there should be no problem in finding suitable location”.
Introduction:
Location is where a firm chooses to site its operations. Location decisions can large effects on expenses and incomes. Location choices are normally quite imperative to both substantial and private companies. The area choice directly affects an operation's expenses and also its capacity to serve clients.
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Respond to this statement: “The importance of the location decision is often vastly overrated; thefact that virtually every type of business is located in every section of the country means thereshould be no problem in finding a suitable location.”
Although 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?
Respond to the following statement: • “The importance of the location decision is often vastly overrated; the fact that virtually every type of business is located in every section of the country means there should be no problem in finding a suitable location.”
Chapter 8 Solutions
Operations Management
Ch. 8.6 - Prob. 1RQCh. 8.6 - Prob. 2RQCh. 8 - Prob. 1DRQCh. 8 - Prob. 2DRQCh. 8 - Prob. 3DRQCh. 8 - Prob. 4DRQCh. 8 - Prob. 5DRQCh. 8 - Prob. 6DRQCh. 8 - Prob. 7DRQCh. 8 - Prob. 8DRQ
Ch. 8 - Prob. 9DRQCh. 8 - Prob. 1TSCh. 8 - Prob. 2TSCh. 8 - Prob. 3TSCh. 8 - Prob. 1CTECh. 8 - Prob. 2CTECh. 8 - Prob. 3CTECh. 8 - Prob. 4CTECh. 8 - Prob. 1PCh. 8 - Prob. 2PCh. 8 - Prob. 3PCh. 8 - Prob. 4PCh. 8 - Prob. 5PCh. 8 - Prob. 6PCh. 8 - Prob. 7PCh. 8 - Prob. 8PCh. 8 - Prob. 9PCh. 8 - Prob. 10PCh. 8 - Prob. 11PCh. 8 - Prob. 12PCh. 8 - Prob. 13PCh. 8 - Prob. 14PCh. 8 - Prob. 15PCh. 8 - Prob. 1CQ
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- Respond to the following statement: "The importance of location is frequently greatly exaggerated; the fact that almost every type of business is located in every region of the country indicates that locating a suitable location should be effortless.arrow_forwardThe importance of the location decision is often vastly overrated; the fact that virtually every type of business is located in every section of the country means there should be no problem in finding a suitable locationarrow_forwardWhat are the advantages and disadvantages of a qualitative (as opposed to a quantitative) approach to location decision making?arrow_forward
- Mr. Ramjan wants to use the centre of gravity location technique and the break-even location technique to aid with his location decision for a distribution centre. Using a quantitative example for each technique, show how they can be used to aid in making the right decision in regard to the location of this distribution centrearrow_forwardA company that is developing a strategy that entails obtaining location advantages for several of its different inputs A) would have each value chain activity replicated in each of its host country locations. B) would be pursuing a low cost strategy with economies of scale. C) would concentrate each value chain activity in the country in which can be performed most efficiently or effectively. D) would concentrate most of its value chain activities in its home country, where it is most familiar with the location. E) would implement a multi-domestic or multinational strategy.arrow_forwardWhat are the four key approaches for resolving location issues?arrow_forward
- What are the major factors that firms consider when choosing a country in which to locate?arrow_forwardRespond to the following - the importance of the location decision is sometimes massively overrated and the fact that almost every tyoes of business is located in every region of the country means there should be no problem in choosing a suitable location.,arrow_forwardProvide two examples of firms making locations decisions frequently ?arrow_forward
- A company is constructing a new hostel facility. The company has hired you as part of the team to identify the best potential sites for the new facility. Your team identified four sites and have rated the important location factors for each site as follows: LOCATION FACTOR SCORES (out of 100) WEIGHT A B C D Proximity to Campus 0.23 70 90 65 85 Student traffic 0.22 75 80 60 85 Parking availability 0.16 90 60 80 70 Plot size, terrain 0.12 80 70 90 75 Infrastructure 0.10 50 60 40 60 Off-campus accessibility 0.06 90 70 70 70 Proximity to dining facilities 0.05 60 80 70 90 Visitor traffic 0.04 70 80 65 55 Landscape/aesthetics 0.02 50 40 60 70 Required: c) If the location C has its score for infrastructure to be 80. Will the choice in (b) be the same? d) Explain two (2) benefits for the best location selected for the hostel in…arrow_forwardA company is constructing a new hostel facility. The company has hired you as part of the team to identify the best potential sites for the new facility. Your team identified four sites and have rated the important location factors for each site as follows: LOCATION FACTOR SCORES (out of 100) WEIGHT A B C D Proximity to Campus 0.23 70 90 65 85 Student traffic 0.22 75 80 60 85 Parking availability 0.16 90 60 80 70 Plot size, terrain 0.12 80 70 90 75 Infrastructure 0.10 50 60 40 60 Off-campus accessibility 0.06 90 70 70 70Proximity to dining facilities 0.05 60 80 70 90 Visitor traffic 0.04 70 80 65 55 Landscape/aesthetics 0.02 50 40 60 70 Required: a) What is the weighted score for the each location? b) Which location will you recommend for the new hostel? Justify your choice. c) If the location C has its score for infrastructure to be 80. Will the choice in (b) be the same? d) Explain two (2) benefits for the best location selected for the hostel in (b).arrow_forwardA company is constructing a new hostel facility. The company has hired you as part of the team to identify the best potential sites for the new facility. Your team identified four sites and have rated the important location factors for each site as follows: LOCATION FACTOR SCORES (out of 100) WEIGHT A B C D Proximity to Campus 0.23 70 90 65 85 Student traffic 0.22 75 80 60 85 Parking availability 0.16 90 60 80 70 Plot size, terrain 0.12 80 70 90 75 Infrastructure 0.10 50 60 40 60 Off-campus accessibility 0.06 90 70 70 70 Proximity to dining facilities 0.05 60 80 70 90 Visitor traffic 0.04 70 80 65 55 Landscape/aesthetics 0.02 50 40 60 70 Required: a) What is the weighted score for the each location? b) Which location will you recommend for the new hostel? Justify your choice.arrow_forward
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