One of the Objectives of Facility Location Analysis Is to Select

question 21

Multiple Choice

One of the objectives of facility location analysis is to select a site with the lowest total cost. Which of the following costs should be excluded from the analysis?

• A) Historical costs
• B) Inbound distribution costs
• C) Land
• D) Construction
• E) Regional costs

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Definitions:

Probability

Measurement of a degree of uncertainty, expressed as a number between 0 and 1.

Framing

The way information is presented or structured, which can influence perception and decision-making.

Losses

The negative outcomes or reductions experienced in various contexts, such as finance, personal well-being, or competitions.

Gains

Increases or improvements, often referenced in contexts such as productivity, knowledge, or physical attributes.