LM.63 A growing venture capital firm wants to open a new office somewhere in Silicon Valley. They do not have the money to locate on Sand Hill Road(where many VCs are located) and so they want to find the most central location, based on the number of good business plans that come from the area citieseach month. The table below gives the map coordinates of 10 candidate cities and the number of good business plans coming from each.CityRedwood City (Oracle)X CoordinateY CoordinateBusiness Plans0.88.4Menlo Park1.57.28Palo Alto (HP & Stanford)3.45.834Mountain View (Google)4.82.919Sunnyvale (AMD)Cupertino (Apple)Santa Clara (Intel)5.73.577.71.6129.12.610San Jose (Cisco)10.71.89.Milpitas12.43.3Fremont8.87.4What should be the center of gravity x-coordinate for the new office? (Display your answer to two decimal places.)NumberWhat should be the center of gravity y-coordinate for the new office? (Display your answer to two decimal places.)Number

Center of gravity method identify the optimal place for central location based on the distance…

Answered: LM.63 A growing venture capital firm…

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...

See similar textbooks

Similar questions

A company wants to enter into the business of manufacturing medical consumable items such as Mask, Gloves, Disposable Caps, Face shield, PPE Kits etc. It is looking for an appropriate site to set up the plant. Suggest the factors that may affect the set-up of manufacturing plant for medical consumable items. Give reason for each suggested factor that a company needs to consider while selecting a particular site.
Let us assume that a new medical facility, Health-care, is to be located in XYZ city. The location factors, factor rating and scores for two potential sites are shown in the following table. Which is the best location based on factor rating method? in the following table. Which is the best location based on factor rating method? Sr Location factor Factor Rating Rating Location 1 Location 2 1 Facility utilization 10 5 4 2 Total patient per month 8 4 2 3 Average time per emergency trip 5 4 5 4 Land and construction costs 6 3 4 5 Employee preferences 7 4 4 6 Operations Facility 8 4 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 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
An electronics manufacturer must expand by building a second facility. The search is narrowed to four locations, all of which are acceptable to management in terms of dominant factors. Assessment of these sites in terms of seven location factors is shown in Table. For example, location A has a factor score of 5 (excellent) for labor climate; the weight for this factor (20) is the highest of any. Calculate the weighted score for each location. Which location should be recommended?
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.)
Silky Industries is looking for a location for its second telephone remanufacturing facility. Two cities are under consideration. The two most important location factors are: Factor A "availability of resources" and Factor B "availability of customers." However, the company is having great difficulty assigning relative weights to these factors. Assuming that the factor weights must sum to 100, what range of weights would make Blake the superior location? E Click the icon to view the factors table. The total weighted factor scores are the same for the following weights: Factor A=O and Factor B =D. As the weight of Factor B becomes Blake will be the superior location. (Enter your responses as whole numbers.) More Info Factor Score for Each Location Factor City Factor Weight Blake Irmo A. Availability of resources B. Availability of customers Total 8 10 9 6. 100 Print Don
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)
Need help please show formula how to solve please. Thanks A newly formed company must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs that locating near the market, but the owner believes that there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $180 in either case. Using the following information, determine which location would produce greater profit.
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.)
An electronics manufacturer must expand by building a second facility. The search is narrowed to fourlocations, all of which are acceptable to management in terms of dominant factors. Assessment of thesesites in terms of seven location factors is shown in Table 13.3. For example, location A has a factor scoreof 5 (excellent) for labor climate; the weight for this factor (20) is the highest of any.Calculate the weighted score for each location. Which location should be recommended?
A manager received an analysis of several cities being considered for a new office complex. The data (10 points maximum) are as follows: Factor Business services Community services Real estate cost Construction costs Cost of living Taxes Transportation A с Thus, Location Score A A B с Thus, 17 17 17 8 6 4 3 2 8 9 B 6 6 Click here for the Excel Data File a. If the manager weights the factors equally, how would the locations stack up in terms of their composite factor rating scores? 8 7 7 19 19 19 5 7 is/are the best. C 6 7 7 6 8 b. If business services and construction costs are given weights that are double the weights of the other factors, how would the locations stack up? is/are best and 4 8 is/are least desirable.

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS