The quantitative method that is used to evaluate multiple locations based on total cost of product or service operations is called a load-distance method.
This refers to the mathematical model that are used to evaluate locations based on proximity factors. The objective of a load-distance method is to select a location that minimizes the total weighted loads moving in and out of the warehouse.
As, the distance between two points is expressed by assigning the points to grid coordinates on a map, the distance observed allows to conclude on the best options of location.
Therefore, the quantitative method that is used to evaluate multiple locations based on total cost of product or service operations is called a load-distance method.
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