Question

Weighted factor rating method when one of the cost is given

Answer 1

Answer:

Explanation:

Factor Rating Method. The process of selecting a new facility location involves a series of following steps: Identify the important location factors. Rate each factor according to its relative importance, i.e., higher the ratings is indicative of prominent factor.

Answer 2

Answer:

Assign a weight to each factor reflecting its relative importance to the firm. Develop a rating scale for the factors. Score each location on each factor based on the scale. Multiply the scores by the weights for each factor and total the weighted scores for each location.