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A medical clinic is considering 3 sites for the location of its new clinic. It has collected the following information. The scores for the non-financial
A medical clinic is considering 3 sites for the location of its new clinic. It has collected the following information. The scores for the non-financial data are on a 0-3 scale with three being best. It is possible to score a 3.0 for any of the factors.
Factor | Factor Weight | Downtown | Midtown | Suburb |
Building Cost | 0.30 | $4.5 million | $5 million | $6 million |
Road Access | 0.05 | 1.5 | 2.4 | 3.0 |
Bus Access | 0.20 | 3.0 | 1.2 | 1.8 |
Safety | 0.20 | 1.8 | 3.0 | 2.4 |
Site Size | 0.05 | 2.4 | 2.4 | 1.2 |
Annual Profit | 0.20 | $3 million | $6 million | $4 million |
Using the factor scoring (factor rating) approach as we studied in class, which site do you recommend? Why?
PLEASE ADD GRAPH
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