Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Alfred Weber's Least Cost Theory

No description

Yesenia Alvarez

on 6 May 2015

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Alfred Weber's Least Cost Theory

Weaknesses of Model
does not bring up a variety of in market demand
in diverse markets, his model does not apply easily
no government involvement
capital or technical development
Effectiveness in the field
in present day the government is being involved in this theory
transportation cost is being deminished as techonology evolves and this is not taken into account in the theory
[Alfred] Weber's Least Cost Theory
Premise & Function
What does the model explain?
Strengths of Model
his model still applies to many situations in the present even though the model is 106 years old
explains why industries are located where they are
includes transportation costs (which is a large factor)
How/When is the model used?
Weber's Least Cost Theory is designed to find the location of a manufacturing plant, according to the owner's desire to minimize three categories of cost. These categories are transportation cost, labor cost, agglomeration economies. It overall helps determine whether the plant will be towards the raw material (also includes perishability ) or towards the market.
Full transcript