LOCATION SCORE Location Factor Factor Weight A B Construction costs 10 8 Utilities available 10 7 7 Business services 10 4 7 Real estate cost 20 7 4 Quality of life 20 4 8 Transportation 30 7 6
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Accel Express, Inc., collected the following information on
where to locate a warehouse (1 = poor, 10 = excellent):
a. Which location, A or B, should be chosen on the basis of
the total weighted score?
b. If the factors were weighted equally, would the choice
change?
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- How does traditional analytics make use of location-based data? How can geocoded locations assist in better decision making?Evaluating location alternatives by comparing their composite(weighted-average) scores involvesa) factor-rating analysis.b) cost-volume analysis.c) transportation model analysis.d) linear regression analysis.c) crossover analysis.Evaluating location alternatives by comparing their composite(weighted-average) scores involvesa) factor-rating analysis.b) cost–volume analysis.c) transportation model analysis.d) linear regression analysis.e) crossover analysis.
- How do the following models work? (1) Cluster Analysis, (2) Choice Models, (3) Conjoint Models, and (4) Market Response Models.SECTION CRead the following extract and then answer the question belowTwo graduates who completed university degree in three years ago decide to start a new business because they have not been able to secure jobs as a result of a significant drop in availability of job opportunities. They agree to engage in a partnership agreement and source business funding from the Government Youth empowerment scheme. They come for help from you on the duties and liabilities of a partner in a partnership agreement. Justify to them the duties and liabilities of a partner in a partnership agreement.Create the following for and Land and Sea Tour busines in Jamaica 1. Goals and Objectives This section provides company’s general goals and specific objectives. What the company will accomplish. How it will be accomplished. When it will be accomplished. Who will accomplish it. 2. Location Demographic analysis of location vs. target customer profile Traffic count Lease/rental rates/owned
- Ian Langella faces a decision how large his gasoline station should be. The annual returns wil l depend on both the size of his station and number of marketing factors related to the oil in dustry and demand for gasoline. Ian develop a careful analysis based on the following table: Size of first station Market condition Market conditon Market conditon Good Fair Poor Small 50,000 20,000 -10,000 Medium 80,000 30,000 -20,000 Large 100,000 30,000 -40,000 Very large 300,000 25,000 -160,000 Develop a decision table for this decisionHarrison Hotels is considering adding a spa to its currentfacility in order to improve the list of amenities. Operating thespa would require a fi xed cost of $25,000 per year. Variable costis estimated at $35 per customer. Th e hotel wants to break even if12,000 customers use the spa facility.(a) Construct a spreadsheet model, assuming that sellingprice is an input to be specifi ed by the user.(b) Use Goal Seek to fi nd the selling price for which the hotelwill break evenTopic: “What are some causes of rising food prices and the challenges faced by rural farmers in Mt. Royal, Carriacou.” A. Conduct an internet search and find three articles related to the topic above.
- Travel Passengers 1 405 2 410 3 420 4 415 5 412 6 420 7 424 8 433 9 438 10 440 11 446 12 451 13 455 14 464 15 466 16 474 17 476 18 482 a) Using a weighted moving average with three periods, determine the sales for day 15. Use 3, 2, and 1 for the weights of the most recent, second most recent, and third most recent periods, respectively b) Find the MAD, MSE and MAPE b) Use exponential smoothing with a smoothing constant of 0.50 to forecast the sales (Assume that last period’s forecast for period 1 is equal to actual to begin the procedure (Ft1=Yt1). Which method do you think is best? Is this an improvement over the weighted average- use MAD onlyCVS chain prefers to operate one outlet in a town that has four major market segments. The number of potential customers in each segment along with the coordinates are as follows: Market Segment Location Coordinates Number of Customers x y 1 8 13 2000 2 10 16 800 3 4 8 1600 4 12 4 3200 Find the best location using the Center of Gravity Excel templateIn QuickBooks Online, what 4 data points do you need to set up sales tax for a client who only does business in their home state?(Select all that apply) A. Their company address B. Whether they have any criminal convictions C. Whether they travel to other countries D. When their last sales tax period started E. How often they have to file a sales tax return F. When they started collecting sales tax for the agency