Concept information
Preferred term
facilities location decision
Definition
- Facility comprises the physical resources such as land, plant, machinery, and equipment that are brought together at one geographic location for the purpose of producing particular goods and/or services. Decisions on these resources are therefore of paramount importance for firms, not least because they involve large capital investments; once made, these decisions cannot be easily or cheaply undone. [Source: Encyclopedia of Business in Today's World; Facilities Location Decision]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/facilities_location_decision
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