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Which of the following methods is used for facility location selection based on the location of markets, the volume of goods shipped, and shipping costs?
Suggested Answer: A
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35 comments · newest first
PE
Pete
11 months ago
Really? I thought factor rating was the go-to for this kind of thing.
WE
Wei
11 months ago
Totally agree with Mike, center-of-gravity makes the most sense!
PA
Paola
12 months ago
Wait, isn't break-even analysis more for financials?
LU
Lucia
12 months ago
Nah, I believe it's the least cost method.
DU
Dulce
12 months ago
I think it's definitely the center-of-gravity method.
CH
Cheryl
1 year ago
Factor rating sounds familiar, but I can't recall if it specifically addresses shipping costs like the center-of-gravity method does.
SA
Sabine
1 year ago
I practiced a similar question, and I feel like least cost is more about minimizing expenses rather than selecting a location based on market volume.
JA
Jame
1 year ago
I'm not entirely sure, but I remember something about break-even analysis being more focused on costs rather than location.
RE
Renea
1 year ago
I think the center-of-gravity method might be the right choice since it considers the location of markets and shipping costs.
MA
Malcolm
1 year ago
Hmm, I'm not totally sure about VLAN categorization methods. I'll have to think this through carefully.
MA
Martina
1 year ago
I'm confused about C and D; I can't remember a clear example for those. They sort of seem reversed to me?
MA
Mammie
1 year ago
This seems like a straightforward question about investment policy approaches. I'm pretty confident I know the right answer here.
WI
Willodean
1 year ago
I'm a bit unsure, but I think the second set is supposed to store values in descending order? That might make things confusing when printing.
ST
Stacey
1 year ago
I heard the facility location decision was so tough, they had to call in the logistics superhero - Captain Shipping!
MA
Maybelle
1 year ago
D) Least cost
JE
Jenifer
1 year ago
C) Break-even analysis
JO
Jospeh
1 year ago
B) Center-of-gravity
CO
Corrie
1 year ago
A) Factor rating
EA
Earnestine
1 year ago
D) Least cost
DE
Derick
1 year ago
C) Break-even analysis
JA
Jaclyn
1 year ago
B) Center-of-gravity
FA
Fallon
1 year ago
A) Factor rating
MI
Micaela
1 year ago
Ah, this is the kind of question that makes me wish I had a crystal ball. But I'm going to trust my instincts and choose B) Center-of-gravity. Seems like the most logical method.
TR
Tracey
1 year ago
Haha, I bet the person who wrote this question is a real shipping geek. Anyway, I'm going to have to go with B) Center-of-gravity. Sounds like the most comprehensive approach.
BO
Bok
1 year ago
Yeah, it takes into account various factors like market location and shipping costs.
EL
Eleonora
1 year ago
I agree, B) Center-of-gravity seems like the best option for facility location selection.
JO
Joni
1 year ago
Hmm, this seems like a tricky one. I'm going to go with D) Least cost. That just makes the most sense to me for a facility location decision.
VA
Vallie
2 years ago
I'm not sure, but I think A) Factor rating could also be a valid method for facility location selection.
MY
My
2 years ago
I think the correct answer is B) Center-of-gravity. This method considers the location of markets, volume of goods, and shipping costs to determine the optimal facility location.
AN
Annice
1 year ago
Least cost method may focus solely on minimizing costs without considering other important factors like market location and volume of goods.
CA
Cammy
1 year ago
Factor rating is also a method used for facility location selection, but it may not take into account all the factors like the center-of-gravity method does.
LA
Layla
1 year ago
I think it makes sense to consider the location of markets, volume of goods, and shipping costs when selecting a facility location.
MA
Mariko
1 year ago
I agree, the center-of-gravity method is used to determine the optimal facility location based on those factors.
KA
Karol
2 years ago
I agree with Loise, Center-of-gravity makes sense for considering shipping costs.
LO
Loise
2 years ago
I think the answer is B) Center-of-gravity.