Operations Management ch.8 Flashcards
1
Q
Four options in location planning
A
- expand existing facility
- add new locations while retaining existing ones
- shut down existing location and move to new
- maintain status quo for time being
2
Q
microfactory
A
small factory with a narrow product focus located near major markets p.348
3
Q
Geographic Information System (GIS)
A
computer based tool for collecting, storing, retrieving, and displaying demographic data on maps p.350
4
Q
clustering
A
similar types of businesses locate near each other p. 351
5
Q
Locational cost-profit-volume analysis
A
technique for evaluating location choices in economic terms p.253
6
Q
Factor rating
A
general approach to evaluating locations that includes quantitative and qualitative inputs (uses scores and weights) p.355
7
Q
center of gravity method
A
method for locating a distribution center that minimizes distribution costs. Also used for locating fire or police services in communities p.356
