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% Document Info
\author{anandhiaa12}
\pdfinfo{
  /Title (operation-management-location-strategies.pdf)
  /Creator (Cheatography)
  /Author (anandhiaa12)
  /Subject (Operation Management - Location Strategies Cheat Sheet)
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    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Operation Management - Location Strategies Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{anandhiaa12} via \textcolor{DarkBackground}{\uline{cheatography.com/67896/cs/17204/}}}
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}anandhiaa12 \\
  \uline{cheatography.com/anandhiaa12} \\
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 24th September, 2018.\\
   Page {\thepage} of \pageref{LastPage}.
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  Measure your website readability!\\
  www.readability-score.com
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\mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{The Strategic Importance of Location}}  \tn
% Row 0
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\mymulticolumn{2}{x{8.4cm}}{{\bf{Location options include:}} 1. Expanding an existing facility instead of moving, 2. Maintaining current sites while adding another facility elsewhere, 3. Closing the existing facility \& moving to another location.} \tn 
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% Row 1
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\mymulticolumn{2}{x{8.4cm}}{{\bf{Objections:}} {\emph{maximizing the benefit of location to the firm}}} \tn 
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% Row 2
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\mymulticolumn{2}{x{8.4cm}}{{\bf{Importance:}} {\emph{location \& cost, because location is such a significant cost \& revenue driver}}} \tn 
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\mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Factors Affecting Location Decision}}  \tn
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\mymulticolumn{2}{x{8.4cm}}{Selecting a facility location is becoming much more complex with {\emph{globalization}}} \tn 
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% Row 1
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\mymulticolumn{2}{x{8.4cm}}{{\bf{Globalization has taken place because of the development:}} 1. market economics, 2. better international communication, 3. more rapid, reliable travel \& shipping, 4. ease of capital flow between countries, 5. high differences in labor costs} \tn 
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% Row 2
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\mymulticolumn{2}{x{8.4cm}}{{\bf{other factors:}} labor productivity, exchange rates \& currency risk, costs, political risks-values-culture, proximity to markets, proximity supplies, proximity competitors} \tn 
% Row Count 11 (+ 4)
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\mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Methods of Evaluating Location Alternatives}}  \tn
% Row 0
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\mymulticolumn{2}{x{8.4cm}}{{\bf{ 1. The factor facing method, 2. Locational Cost=volume analysis, 3. Center-of-gravity method, 4. Transportation Model}}} \tn 
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% Row 1
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\mymulticolumn{2}{x{8.4cm}}{{\bf{The factor facing method}} education\textgreater{}recreation\textgreater{}laborskills} \tn 
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% Row 2
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\mymulticolumn{2}{x{8.4cm}}{{\bf{Locational cost=volume analysis}} technique for making an economic comparison of location alternatives} \tn 
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% Row 3
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\mymulticolumn{2}{x{8.4cm}}{{\bf{center-of-gravity method}} a mathematical technique used for finding the location of a distribution center that will minimize distribution cost} \tn 
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\mymulticolumn{2}{x{8.4cm}}{{\bf{Transportation model}} to determine the best pattern of shipments from several points of supply (sources) to several points of demand (destinations) so as to minimize total production \& transportation} \tn 
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\mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Service Location Strategy}}  \tn
% Row 0
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\mymulticolumn{2}{x{8.4cm}}{The focus in industrial-sector location analysis is on minimizing cost} \tn 
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% Row 1
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\mymulticolumn{2}{x{8.4cm}}{the focus in the service sector is on maximizing revenue} \tn 
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\mymulticolumn{2}{x{8.4cm}}{{\bf{eight major determinants of volume \& revenue for the service firm:}}} \tn 
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\mymulticolumn{2}{x{8.4cm}}{1. Purchasing power of the customer drawing area} \tn 
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\mymulticolumn{2}{x{8.4cm}}{2. Service and Image compatibility with demographics of the customer drawing area} \tn 
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\mymulticolumn{2}{x{8.4cm}}{3. competition in the area} \tn 
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\mymulticolumn{2}{x{8.4cm}}{4. quality of the competition} \tn 
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\mymulticolumn{2}{x{8.4cm}}{5. Uniqueness of the firm's and competitor's locations} \tn 
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% Row 8
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\mymulticolumn{2}{x{8.4cm}}{6. Physical qualities of facilities \& neighboring businesses} \tn 
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\mymulticolumn{2}{x{8.4cm}}{7. Operating policies of the firm} \tn 
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\mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Geographic Information System}}  \tn
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\mymulticolumn{2}{x{8.4cm}}{GIS, Stores, accesses, displays, and links demographic information to a geographical location.} \tn 
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\mymulticolumn{2}{x{8.4cm}}{{\bf{Some geographic databases:}}} \tn 
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\mymulticolumn{2}{x{8.4cm}}{1. Census data} \tn 
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\mymulticolumn{2}{x{8.4cm}}{2. Maps of every street, highway, bridge, tunnel in the u.s} \tn 
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\mymulticolumn{2}{x{8.4cm}}{3. Utilities} \tn 
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\mymulticolumn{2}{x{8.4cm}}{4. Aquatic areas} \tn 
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\mymulticolumn{2}{x{8.4cm}}{5. Airports, college, etc.} \tn 
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% That's all folks
\end{multicols*}

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