This paper discusses a solution to the facility location problem at Tool Works, an automotive tooling company. A major goal in the strategic planning for a manufacturing firm is finding the most suitable facility location. The solution to the facility location problem is critical to the companys success. A well-conducted decision making process can lead to the implementation of the decision alternatives that allow not only to locate a number of new units in a competitive environment, but also for the formulation of scenarios. Consequently, the decision makers can check the viability of their investment on long-term.
1. Planning a New Production Facility
Facility location decisions are key elements in... View More »