Location Selection: Factor Rating Method

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  • Опубліковано 1 жов 2024
  • This video demonstrates how to use the Factor Rating Method to evaluate and select locations.

КОМЕНТАРІ • 17

  • @naphun3029
    @naphun3029 Місяць тому

    can i know the name of the book

  • @miqhailmiqhail4669
    @miqhailmiqhail4669 11 місяців тому

    What if wieghtage is in percent? Are we must change it to decimals place or just stay with percent?

  • @TheSpaceman332211
    @TheSpaceman332211 2 роки тому

    where does the weight numbers come from? are they just random

    • @The_Business_Doctor
      @The_Business_Doctor  2 роки тому

      Hi Spaceman, the weights would be determined by management based on their assessment of the importance of each factor. Each company is unique and would have their own set of weights to reflect their unique needs.
      Hope this helps.
      Mark

  • @vijayasai4934
    @vijayasai4934 Рік тому

    Sir can u upload an comprehensive lecture on location selection

    • @The_Business_Doctor
      @The_Business_Doctor  Рік тому

      Hi ViJaya,
      I plan to create and upload some lectures, but I'm engaged with other work and projects right now.
      Mark

  • @sophiaowusu3769
    @sophiaowusu3769 2 роки тому

    👏👏 simple,thanks very much

  • @cena750
    @cena750 2 роки тому

    broo been stuck on this forever thank you

    • @The_Business_Doctor
      @The_Business_Doctor  2 роки тому

      You're very welcome! If you haven't already, please consider subscribing!

    • @edgetechnology5752
      @edgetechnology5752 2 роки тому

      @@The_Business_Doctor where would i find the weight value to begin with?

    • @The_Business_Doctor
      @The_Business_Doctor  2 роки тому

      @@edgetechnology5752 The weights are in the first column ranging from 0.2 for technology to 0.2 for economic factors.

    • @edgetechnology5752
      @edgetechnology5752 2 роки тому

      No i meant if i was doing my own study but i realized its based on the company do the research to determine that

    • @The_Business_Doctor
      @The_Business_Doctor  2 роки тому +1

      @@edgetechnology5752 Sorry I misunderstood your question. Yes, the weights are determined by management or the decision makers based on important they consider each factor to be. Thus each firm will establish their own unique weighting based on their own needs.