Introduction: Location of an industry is an important management decision. It is a two-step decision: first, choice of general area or region and second, the choice of site within the area selected. Location decision is based on the organisations long-term strategies such as technological, marketing, resource availability and financial strategies. The objective of plant location decision-making is to minimise the [...]
A network designed during planning may not adhere to the schedule when put to work, because situations are sometimes keep on changing and during actual execution they are different than that assumed at the stage of planning. Following are few reasons for not following the designed schedule exactly: (i) Error in estimation during planning. Planner's under or over estimation is [...]
The problem of the selection of a factory or a plant can be solved in the following two stages: (a) The general location of the plant. (b) The selection of a particular site. (A) The General Location of the Plant: Following factors must be considered for selecting a region where the factory is to be located: (i) Availability of Raw [...]