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Assess the value of classical location theory in explaining the location of manufacturing industry today.
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Nick Dunn What is meant by the term optimal location? The optimal location for an industry is the point of lowest total cost. This total is a sum of cost distances from resources and market. Labour costs are now more important than transport and distribution costs, for example the car manufacturer Daewoo. The vehicles can be made 8,000 miles away and shipped to the UK and still be sold at a lower price than a Rover made only 100 miles away. The shipping distribution costs for industry of this scale are very low, but finding a pool of cheap and suitable skilled labour requires a particular location to be used. Assess the value of classical location theory in explaining the location of manufacturing industry today. Alfred Weber devised his theory of industrial location in 1909, using assumptions and trends at that time. He stated that the location of industry is dictated by the...
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