For selecting a location the _____ serves a solution as it minimises the distance between the facility and for future existing location. ans. Minimax Location Model Load Distance Method Weighted Factor Rating Method Transportation Problem

Which Method helps in selecting the best location which is finalised from the shortlisted ones? ans. Weighted Factor Rating Method Load Distance Method Simple Median Model Factor Rating System

When various alternatives for the location are compared in terms of cost & volume then which method is followed? ans. Centroid Method Break Even Analysis Factor Rating System Minimax Model

While using the load distance method (L-D) to select the location of the plant, the suitable location to be selected is when ∑ (Load X Distance) is maximum for that site ∑ (Load X Distance) is minimum for that site ∑ (Load ÷ Distance) is maximum for that site ∑ (Load ÷ Distance) is minimum for that site

A major problem in a plant location decision based on the factor-rating system is that simple point-rating schemes do not account for the wide variance of costs that may occur within each factor used in the analysis.Question 33Answera.TRUEb.FALSE

For finding an optimum solution in transportation problem, ____________ method is used.a.Simplexb.Big-Mc.MODId.Hungarian