Distribution center, warehouse, and plant location Essay

Distribution center, warehouse, and plant location - Essay Example In order to know the number of people and their characteristics, census needs to be conducted in such areas. Although the information collected may vary, it still helps the distribution planners to know how to distribute their goods depending on the population size. Most organizations look at a number of characteristics that may affect labor. These factors may be appreciably related; for instance, the amount of the workforce may be directly comparative to wage rates. Transportation availability is an important aspect in facility location decisions. It may also influence the space cost and the availability of labor. Transport availability mostly depends on the kind of products that need to be transported. If the products are bulky, then a lorry can be used, but in case of light products a pickup can be used (Zvi and Hamacher 58). Facility relocation is when a plant is closed from an area where there is low demand to an area where the demand is high while facility closing is when a plant is closed permanently. The companies should form laws on how the employees should be paid if a plant is closed. In case of facility relocation, the wage rates should increase because the demand has also

What is correlation analysis Essay Example | Topics and Well Written Essays - 7000 words

What is correlation analysis - Essay Example What is correlation analysis? Coefficient of correlation is a measure of the strength of the linear relationship between two variables. In this case both variables must be at least the interval scale of measurement and the coefficient of correlation can range from -1.00 up to 1.00. If the correlation between two variables is 0, there is no association between them. A value of 1.00 indicates perfect positive correlation, and -1.00 perfect negative correlations. A positive sign means there is a direct relationship between the variables, and a negative sign means there is an inverse relationship. In regression analysis estimate one variable based on another variable and regression equation is an equation that expresses the linear relationship between two variables. The variable being estimated is the dependent variable and the variable used to make the estimate is the independent variable. The relationship between the variables must be linear. Both the independent and the dependent variables must interval or ratio scale and the least squares criterion is used to determine the regression equation. According to this assignment it’s required to express an equation in implicit form for two Major League Baseball teams in order to measure would it be profitable to pay $4 million to a free agent who would raise the team’s winning rate. A hypothesis is an assumption about the population parameter to be tested based on sample information. The statistical testing of hypothesis is the most important technique in statistical inference.