An approach to locational analysis that includes both qualitative and quantitative considerations is:
A)break-even analysis.
B)factor rating.
C)transportation method.
D)expected value.
E)a Voronoi polygon.

Question

Quizplus · Accepted Answer

The factor rating approach to locational analysis considers both qualitative and quantitative factors to determine the best location for a facility. Qualitative factors such as proximity to suppliers, labor availability, and community support are given a numerical score and combined with quantitative factors such as transportation costs and market size to provide a comprehensive evaluation of potential locations. The other options listed focus primarily on quantitative analysis and do not consider qualitative factors to the same extent as the factor rating approach.

An Approach to Locational Analysis That Includes Both Qualitative and Quantitative