Location Question 8.7 Insurance Company of Latin America (ILA) is consid-ering opening an office in the U.S. The two cities under considera-tion are Philadelphia and New York. The factor ratings (higherScores are better) for the two cities are given in the following table.In which city should ILA locate?FactorWeight Philadelphia New YorkCustomer convenience25,20.2015.10.1070408590809080Bank accessibilityComputer supportRental costs9075555050 PrLabor costsTaxes

The weighted average considers the relative frequency or relevance of particular variables in a data…

Answered: 8.7 Insurance Company of Latin America…

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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Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table. Factor Weight Philadelphia New York Customer convenience 0.25 70 80 Bank accessibility 0.20 40 90 Computer support 0.20 85 75 Rental costs 0.15 90 55 Labor costs 0.10 80 50 Таxes 0.10 90 50 Based on the given information, the best location for Northeastern Insurance Company to open the office is with a total weighted score of. (Enter your response as a whole number.)
ABC Ltd. Wants to choose the best location for its new aluminum plant. The manager ofproductions and operations has three possible locations to choose from. His assistantrecommends that he use break-even analysis location technique to help determine whichlocation is best based on costs. . If total fixed cost = 40000 AVC = 20 Price per unit = 10 Break even point = 40000 / 20 - 10= 4000 So at the 4000 units of production, there will be no profit and loss as the total revenue is equal to the total cost. Demonstrate to the OM manager how to go about choosing the best location using thenumerical example you designed above.
Northeastern Insurance Company is considering opening an office in the US The two cites under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table Factor Customer convenience Bank accessibility Computer support Rental costs Labor costs Taxes Based on the given information, the best location for Northeastern Insurance Company to open the office is Weight 025. 020 0.20 0.15 0.10 0.10 Philadelphia 65 45 85 90 50 00 New York 75 90 80 50 50 45 with a total weighted score of Enter your response rounded to two decimal places)
Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table. Factor Weight Philadelphia New York Customer convenience 0.25 70 80 Bank accessibility 0.20 35 85 Computer support 0.20 90 75 Rental costs 0.15 95 55 Labor costs 0.10 85 45 Taxes 0.10 95 55 Based on the given information, the best location for Northeastern Insurance Company to open the office is with a total weighted score of (Enter your response rounded to two decimal places.) 3
The Davis national drugstore chain prefers to operate one outlet in a town that has four major market segments. The number of potential customers in each segment, along with the coordinates are as follows: Location Market Coordinates Number of Segment x y Customers 1 5 22 2,200 2 17 20 300 3 5 3 1,400 4 10 3 3,000 Find the best location using the Center of Gravity Excel template. Round your answers to two decimal places. Cx: ____________Cy: ______________
Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are Philadelphia and New York. The factor ratings (higher scores are better) for the two cities are given in the following table. Factor Weight Philadelphia New York Customer convenience 0.25 70 80 Bank accessibility 0.20 40 90 Computer support 0.20 85 75 Rental costs 0.15 90 55 Labor costs 0.10 80 50 Taxes 0.10 90 50 Based on the given information, the best location for Northeastern Insurance Company to open the office is with a total weighted score of (Enter your response as a whole number.)
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.
Populate the relevant data Is any alternative never preferred? Complete a numeric locational cost-volume Indicate over what range each of the alternatives A, B, C is the low-cost choice Costs A B C Fixed ($) 2,500,000 2,000,000 3,500,000 Variable ($ per unit) 20+6 23+6 15+6
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ABC Ltd. Wants to choose the best location for its new aluminum plant. The manager ofproductions and operations has three possible locations to choose from. His assistantrecommends that he use break-even analysis location technique to help determine whichlocation is best based on costs. Assuming: Total fixed cost = 80,000 Price per unit= 20 AVC (Average variable cost) = 40 Break-even point= Total fixed cost / (AVC-Price per unit) Break-even point = 80,000/ (40-20) Break-even point = 4,000 1) Demonstrate to the OM manager how to go about choosing the best location using thenumerical example designed above.
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.xlsx
A car manufacturing company wants to start its manufacturing unit in Malaysia. For this, it selects three appropriate cities. Choose the best location for its manufacturing plant. Factors Factor Rating | Location 1 Location 2 Location 3 Labor availability 6. Facility of transportation 4 Closeness to supplies 4 3 4. 3 Basic amenities 8. 7 6. Land availability 3 4 Tax benefits 3 Preference of the owner 4. 3 4. 4. Climate conditions 4. No attempt

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