Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table.FactorWeightPhiladelphiaNew YorkCustomer convenience0.257080Bank accessibility0.204090Computer support0.208575Rental costs0.159055Labor costs0.108050Таxes0.109050Based on the given information, the best location for Northeastern Insurance Company to open the office iswith a total weighted score of. (Enter your response as a whole number.)

Total weighted score = Sum of (Weight x Factor rating)

Answered: Based on the given information, the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The least cost theory is based upon finding the location with the lowest marginal and average total cost. True or False?
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Q) A discount store chain wants to build a new superstore in an area in Melbourne near four small towns with populations between 10,000 and 40,000. The coordinates (in miles) of these four towns and the market population in each are as follows: Coordinates Carlton St Kilda Ballarat Frankston 12 18 30 32 20 12 8 25 Population 18,000 17,000 10,300 10,000 a) Determine the best site using the center-of-gravity technique. b) Suppose the store is limited to two possible sites for locating a new superstore. The coordinates (in miles) of these two potential sites are site 1 (10, 30) and site 2 (20, 10). Using the load-distance technique, determine the best site for the new super store. c) Plot the four small towns and the proposed new distribution centers according to center of gravity method and load-distance method on a grid map. Give your own opinion about it.
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Develop a network showing the origin nodes, destinations, arcs, cost per arc, supply, and demand. Match the correct answer to each question. Warehouse A B C D City E City F City G City H Warehouse Supply. 0.51 0.21 0.52 0.41 4000 Question 1 0.31 Question 2 0.56 0.43 0.35 0.41 0.28 City Demand 4,400 3,000 6,500 4,700 Match the correct answer to the following questions: 1. What is the supply constraint for Warehouse D? 2. What demand constraint for City H? 0.32 0.54 0.33 4000 0.54 0.34 0.52 6300 6000 [Choose ] [Choose ] > >
Silky Industries is looking for a location for its second telephone remanufacturing facility. Two cities are under consideration. The two most important location factors are: Factor A "availability of resources" and Factor B "availability of customers." However, the company is having great difficulty assigning relative weights to these factors. Assuming that the factor weights must sum to 100, what range of weights would make Blake the superior location? E Click the icon to view the factors table. The total weighted factor scores are the same for the following weights: Factor A=O and Factor B =D. As the weight of Factor B becomes Blake will be the superior location. (Enter your responses as whole numbers.) More Info Factor Score for Each Location Factor City Factor Weight Blake Irmo A. Availability of resources B. Availability of customers Total 8 10 9 6. 100 Print Don
A firm is considering three different locations in which to build a factory. The costs associated with each location are given below. Location A B C Fixed Costs 500 700 900 Variable costs per unit 10 6 4 Plot the crossover chart for the locations. What level of output will each location be preferred? Write an equation to represent the costs for each location. Use algebra to determine the crossover points.
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Based on the given information, the best location for Northeastern Insurance Company to open the office is V, with a total weighted score of . (Enter your response as a whole number.)