As per the point rating method, the best site to locate a new plant isWhere the maximum points for each factor and points assigned for each site with respect to different factors are given in the table below.

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

Using the factor rating method, the best site to open a new milk processing plant is

The breakeven analysis in selecting a suitable site for a plant helps in  Maximizing revenue  Minimizing total cost Optimizing production volume All of these

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

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