{"id":100913,"date":"2021-01-07T17:51:52","date_gmt":"2021-01-07T12:21:52","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=100913"},"modified":"2024-04-12T14:25:49","modified_gmt":"2024-04-12T08:55:49","slug":"qualitative-factor-rating-method-2","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/qualitative-factor-rating-method-2\/","title":{"rendered":"Qualitative Factor Rating Method"},"content":{"rendered":"\n<p>Factor rating is a means of assigning quantitative values to all the factors related to each decision option and then getting a score to evaluate which option is suitable. In this way right priorities are kept in mind and constraints are also ruled out. Procedure for qualitative factor rating is,<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Lineate a list of relevant factors associated with selecting a warehouse.<\/li><li>Assign a weight to each factor to indicate its relative importance (weights may total 10)<\/li><li>Assign a common scale to each factor (ex 0-100 points) and designate any minimum.<\/li><li>Score each potential location according to the designated scale, and multiply the scores by the weights.<\/li><li>Total the points for each location, and choose the location with the maximum points.<\/li><\/ul>\n\n\n\n<p>Weighted scores are computed by multiplying the score times with the assigned weight and summing those products. Based on this data, a location among many would get selected as the preferred location for the new warehouse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Factor rating is a means of assigning quantitative values to all the factors related to each decision option and then getting a score to evaluate which option is suitable. In this way right priorities are kept in mind and constraints are also ruled out. Procedure for qualitative factor rating is, Lineate a list of relevant&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-100913","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Qualitative Factor Rating Method - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/qualitative-factor-rating-method-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qualitative Factor Rating Method - Tutorial\" \/>\n<meta property=\"og:description\" content=\"Factor rating is a means of assigning quantitative values to all the factors related to each decision option and then getting a score to evaluate which option is suitable. In this way right priorities are kept in mind and constraints are also ruled out. 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