Use of Multi-Criteria Decision Analysis in Location Decision of a Plant, 2012

Before making an important decision, it is very important to set up clear goals of the decision. In the prompt, the town of Surette must decide whether to convert the abandoned building into a private office space or a new community center. The town has developed two distinct goals they want to accomplish through the decision. One of the goals is to gain revenue from the conversion of the building. The other goal is to increase the standard of living for the citizens of Surette. This is a very difficult decision because each option has its strengths and weaknesses. Nevertheless, we can simplify this decision by employing the rational decision making model discussed in our textbook. In order to reach a rational decision, I will review the information provided in the

Proper formation of the spatial variables for the choice model considering the scale, extent and characteristics will provide realistic and useful insight about local or regional preferences. Similarly, MAU technique that can incorporate spatial data maintaining its distinct characteristic will ensure reliability of the

A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $185 in either case.

Computer-based techniques providing greedy approaches for facility location and other similar problems – Kamal Jain, Mohmmad Mahdian, Amin Saberi – 16th May 2003 (US20040230680 A1 – Application)

The criteria that data center companies use to determine future locations is immensely sophisticated, considering

Under this alternative, it is seen that using density bonuses in this region may be an inefficient use of resources. There are often two alternatives when choosing where to put affordable housing. A government may choose to locate it near transit that would provide access to many areas of a municipality (but during limited times) or they may choose to locate affordable housing near central commerce areas; ideally, this would provide individuals with access to jobs and amenities within walking

The biscuits have a high nutritional value with amazing taste. Special attention is given to the fact that care and caution is exercised in the purchase of raw materials and high hygienic standards are maintained in all its manufacturing units. The international quality of the biscuits has made them a winner in the eyes of a common person. Besides the original Parle G glucose biscuits, the company has launched a premium version of its biscuits. “Parle G Magix” which was launched in2002, and this premium quality biscuit is available in double tastes of ‘Cocoa’ and ‘Cashew’. The same year also saw a new product “Parle G Milk Shakti” biscuits for the southern markets that were a combination of honey and milk. Overall, the product Parle G is a low cost product targeted towards the general

When certain customer`s were interviewed about the brand they told that Haigh`s has a strong brand value and they provide excellent quality of chocolates with really quick service through highly trained and friendly staff at their stores so the customers believe in them.

A company’s location is a very important factor. Location is a key component to a successful and profitable organization. When considering a location for a gas station it is important that buyer considers the demand. The buyer must take into consideration the customers wants and needs and all possible competition. Accessibility and neighborhood location is also a determining factor. Fox example immediate accessibility would a benefit for a gas station that is near an express way or highway.

It is assumed that the sites for proposed plants were picked for a specific reason serving an interest. They were not randomly chosen. Take the Northeast region as a case in hand. This is a region with a large population and a large electrical demand. It stands to reason logically that it is better to build a plant there than in a region like the central plains that have a much smaller demand and population. Whether that be economical,

This paper will Be providinG a memo that includes many Tasks related To project planning and operations management. All memos are present accordingly to the separated tasks discussed. We will be using the case study of “Shuzworld”. As the operations consultant for Shuzworld, we will be following all the tasks and then will provide Recommendations by analyzing the problems given in the task prompts. We will also apply the appropriate decision analysis tool to make reliable and valid Recommendations.

Thus location of the project site also has some effects to the project, it can determine the delivery and mobilization risk factors. Not only can location affect the time of the availability of the equipment, but as well the

Multi-Criteria decision making (MCDM) is an area of Artificial Intelligence which provides capabilities to assess complex decision problems. The decisions can depend on our preferences of some criteria over others.

The decision making with multiple criteria (MCDM) has been successfully used in complex business problems. There are several methods for MCDM, such as Analytic Hierarchy process (AHP), Potentially All Pairwise Rankings of All Possible Alternatives (PAPRIKA), Weighted Sum Mode (WSM), Analytic network process (ANP), Multi-Attribute Utility Theory (MAUT) and so forth.

The paper on overview of representative problems in location research gives us a brief description of survey of over fifty representative problems in location research. It also gives us an insight on all variants of different location models and solution results. This study and compilation can be considered as to be significant, as major location problems that have been studied and formulated are included in this paper along with, relations between them.