The Objective of Facility Location Analysis Is to Select the Site

question 13

True/False

The objective of facility location analysis is to select the site with the lowest total cost.

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Definitions:

Probability

An indicator of the probability of an event happening, expressed as a numeric value ranging from 0 to 1, with 0 meaning the event cannot happen and 1 meaning the event is certain to happen.

Poisson Distribution

A probability distribution used to model the number of times an event occurs in a fixed interval of space or time.

Rebuilt Ignition Systems

Ignition systems that have been taken apart, inspected, repaired, and reassembled to ensure they meet certain standards.

Assembly Line

A manufacturing process in which parts are added in sequence until the final assembly is produced.