- least-cost location
- the place where raw material and transport costs are minimized for a particular business, according to Weber.
Geography Dictionary & Glossary for Students \\ ITS Tutorial School (ITS) - Hong Kong.
Geography Dictionary & Glossary for Students \\ ITS Tutorial School (ITS) - Hong Kong.
location theory — ▪ economics and geography in economics and geography, theory concerned with the geographic location of economic activity; it has become an integral part of economic geography, regional science, and spatial economics. Location theory… … Universalium
industrial location theory — any theory attempting to explain why industries are found to have located in the places they are found. Relate locational factors to the goals of the industry such as minimizing costs (least cost location) or maximizing profits … Geography glossary
Oslo Airport location controversy — Oslo Airport, Gardermoen has been the main airport serving Oslo since 1998 The location of the airport serving Oslo, Norway, has been the subject of several political debates since 1918. The fist controversy was initially related to choice… … Wikipedia
Driver location signs — A driver location sign (large and blue) and a distance marker post (smaller, with a red reflective stripe) on the A38 in the West Midlands Driver location signs are English highway route markers, first introduced in 2003, that complement distance … Wikipedia
Whole-life cost — Whole life cost, or Life cycle cost (LCC), refers to the total cost of ownership over the life of an asset [1]. Also commonly referred to as cradle to grave or womb to tomb costs. Costs considered include the financial cost which is relatively… … Wikipedia
Facility location — Facility location, also known as location analysis, is a branch of operations research and computational geometry concerning itself with mathematical modeling and solution of problems concerning optimal placement of facilities in order to… … Wikipedia
geography — /jee og reuh fee/, n., pl. geographies. 1. the science dealing with the areal differentiation of the earth s surface, as shown in the character, arrangement, and interrelations over the world of such elements as climate, elevation, soil,… … Universalium
Alfred Weber — Infobox Person name = Alfred Weber image size = caption = German Economist, Sociologist, and Theoretician birth date = birth date|1868|7|30|df=y birth place = Erfurt, Prussian Saxony death date = death date and age|1958|5|2|1868|7|30|df=y death… … Wikipedia
Demographic gravitation — is a concept of social physics [1], introduced by Princeton University astrophysicist John Quincy Stewart[2] in 1947[3]. It is an attempt to use equations and notions of classical physics such as gravity to seek simplified insights and even laws… … Wikipedia
Material index — is a concept developed by Alfred Weber in his theory of least cost location. The point of optimal transportation based on the costs of distance to the material index – the ratio of weight to intermediate products (raw materials) to finished… … Wikipedia