The Centroid Method for Plant Location Uses Which of the Following

question 2

Multiple Choice

The centroid method for plant location uses which of the following data?

• A) Volume of goods to be shipped between existing points
• B) Inbound transportation costs
• C) Transport times between facilities
• D) Correlation matrix of existing facilities
• E) Probabilities and payoffs

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Definitions:

Lessor

The party who owns a property or asset and leases it out to another party, known as the lessee, under a lease agreement.

Express Warranty

An explicit guarantee made by the seller regarding the quality, condition, or performance of a product.

Formal Words

Specific language required or recognized by law to create a binding agreement or to perform a legal act.

Guarantee

A formal assurance or promise, often in writing, that certain conditions will be fulfilled, including the quality or durability of a product or the completion of an obligation.