Term
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Definition
| Readily identifiable costs that can be measured with some precision |
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Term
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Definition
| A category of location costs that cannot be easily quantified, such as quality of life and government. |
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Term
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Definition
| The location of competing companies near each other, often because of a critical mass of information, talent, venture capital, or natural resources. |
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Term
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Definition
| A location method that instills objectivity into the process of identifying hard-to-evaluate costs. |
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Term
| Locational cost-volume analysis |
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Definition
| A method of making an economic comparison of location alternatives. |
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Term
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Definition
| A mathematical technique used for finding the best location for a single distribution point that services several stores or areas. |
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Term
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Definition
| A technique for solving a class of linear programming problems. |
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Term
| Geographic information system (GIS) |
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Definition
| A system that stores and displays information that can be linked to a geographic location |
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