1. What is the right business location? 2. What are the general criteria in selecting business location?
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1. What is the right business location?
2. What are the general criteria in selecting business location?
Note: Please cite your reference
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- 1. Using the center-of-gravity method, compute the centralized coordinates among the following locations, which are indicated via black cells with white text in LOCATION.xlsx: 7,1 10,1 4,2 2,5 6,6 9,6 2,8 6,10 2. Using the weighted average center-of-gravity, which accounts for quantities to be shipped from locations, compute the centralized coordinates among the following locations: 7,1 10,1 4,2 2,5 6,6 9,6 2,8 6,10 *Quantities to be shipped are listed within the existing locations (i.e. Location 7,1 ships 17 units) in LOCATION.xlsxWhich of the following techniques works for location analysis for both service/retail/professional organizations as well as goods-producing organizations? A. Transportation method B. Traffic counts C. Factor-rating method D. Demographic analysis of drawing area.Maya ltd. wants to use the Centre of Gravity location technique to determine where to setup itsdistribution centre.I. What is the main objective of using this technique? II. What information will be needed in order to use this technique? III. Setup a numerical example that can be used to demonstrate to the owner of thecompany how the technique can be used. IV. Use the numerical example set up above to demonstrate how the centre of gravitylocation technique is used.
- Dennison Manufacturing makes large helical springs used inaircraft landing gear. The company has narrowed its potentialchoices for its new manufacturing facility to four cities. Thefollowing information is known about the manufacturing andshipping costs of locating in each of these four cities: a. Use break-even point analysis to determine where Den-nison should locate.b. Based solely on break-even quantity, if Dennison’s manu-facturing forecast for the foreseeable future is 40,000 unitsannually, where should he locate?objectives of location for tax planning for new business ?? please give more than 10 objectives please answer ASAPDiscuss briefly what is location service facilities?
- Careful selection of location is significant in the success of a business. Which among the following is a technique or model used for location decisions O a. Enterprise Resource Planning O b. Linear Regression Method Oc Weighted Factor Comparison Method O d. Historic MethodLocation Fixed Cost Variable Cost A $100,000 $10 B $150,000 $7 C $200,000 $5 600 Annual 500 Cost ($000) 400 300 200 100 2 4 6 8 10 14 16 18 20 Q (000s of units) i. Plot the total cost curves in the chart provided above and identify the range over which each location would be best. ii. Use break-even analysis to calculate exactly the break-even quantity that defines each range.b. A food manufacturer wants to locate a warehouse to serve its major customers. The customers, annual volume and the X and Y coordinates are shown in the table below. Customer Judy inc. Zac Supermarket Harry Inc. Sky Productions Annual Volume X-Coordinate Y-Coordinate 3 7 5 2 8 4 1 5 25 13 6 4 i. Using the centre of gravity location technique, determine the location coordinates that will minimize the transportation costs for their family of products.
- The university administration would like to add some additional parking locations. To make everyone happy, they would like each building to be within a 5 minute walk of one set of new parking spaces (the spaces will be added in blocks of 10 parking spaces). The university is considering six locations for the new parking spaces, but would like to minimize the overall cost of the project. In addition to the walking time requirement, the university would like to add at least 40 new parking spaces (at least 4 blocks of 10). To help with the decision, the management science department formulated the following linear programming model: Min 400x1 + 375x2 + 425x3 + 350x4 +410x5 + 500x6 s.t. X1 + X2 + X5 + X6 ≥ 1 {Residence Hall A constraint} X1 + x2 + x3 ≥ 1 {Residence Hall B constraint} X4 + X5 + X6 ≥ 1 {Science building constraint} X1 + X4 + X5 ≥ 1 {Music building constraint} X2 + x3 + x4 ≥ 1 {Math building constraint} X3 + x4 + X5 ≥ 1 {Business building constraint} X2 + X5 + X6 ≥ 1…The university administration would like to add some additional parking locations. To make everyone happy, they would like each building to be within a 5 minute walk of one set of new parking spaces (the spaces will be added in blocks of 10 parking spaces). The university is considering six locations for the new parking spaces, but would like to minimize the overall cost of the project. In addition to the walking time requirement, the university would like to add at least 40 new parking spaces (at least 4 blocks of 10). To help with the decision, the management science department formulated the following linear programming model: Min 350x1 + 425x2 + 425x3+ 465x4 + 485x5 + 365x6 s.t. x1 + x2 + x5 + X6 2 1 (Residence Hall A constraint) x1 + x2 + X3 2 1 {Residence Hall B constraint) X4 + X5 + X6 2 1(Science building constraint) X1 + X4 + X5 2 1{Music building constraint} x2 + x3 + X4 2 1{Math building constraint} x3 + X4 + X5 2 1{Business building constraint} x2 + x5 + X6 2 1{Auditorium…List 5 business uses of location analytics and in what way a business can use location data?