help.2 The owners of Speedy Logistics, a company that provides overnight delivery of documents, are considering where to locate theirnew facility in the Midwest. They have narrowed their search down to two locations and have decided to use factor rating to maketheir decision. They have listed the factors they consider important and assigned a factor score to each location based on a 5-pointscale. The information is shown here.Factor Score at Each LocationFactorFactor WeightLocation 1Location 2Proximity to airport41Proximity to road access303Proximity to labor source11Size of facility18Using the procedure for factor rating, decide on the better location.Factor Score at EachFactorLocationWeighted ScoreFactorWeightLocation 1Location 2Location 1Location 2Proximity to airport41Proximity to road access3031Proximity to labor source1115Size of facility18Total315 52.

Factor Rating Method for Location Planning calls for Identifying the important location factors.…

Using the procedure for factor rating, decide on the better location. Factor Score at Each Factor Location Weighted Score Factor Weight Location 1 Location 2 Location 1 Location 2 Proximity to airport 41 Proximity to road access 30 3. 1. Proximity to labor source 11 2. Size of facility 18 2. Total

Using the procedure for factor rating, decide on the better location. Factor Score at Each Factor Location Weighted Score Factor Weight Location 1 Location 2 Location 1 Location 2 Proximity to airport 41 Proximity to road access 30 3. 1. Proximity to labor source 11 2. Size of facility 18 2. Total

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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