Arrange the following industrial location theories in chronological order.
A. Alfred Weber's theory
B. Allen Pred's theory
C. Edgar Hoover's theory
D. Walter Isard's theory
Choose the correct answer from the options given below:

Correct option is B

The correct answer is: (b), A, C, D, B

A. Alfred Weber's theory -1909
B. Edgar Hoover's theory - 1937
C. Walter Isard's theory – 1956
D. Allen Pred's theory - 1967
Alfred Weber's theory of industrial location: Alfred Weber, an eminent German economist gave a theory on industrial location. “ Theory of location of industries” was published in 1909 in German language and was translated into English in 1929 and was published by Cral Joachim Friedrick.
Weber’s theory called locational triangle, sought the optimum location for the production of a good based on the fixed location of the market and two raw material sources, which geographically form a triangle.
According to Weber, firms seek to minimize production costs, including transportation costs and labor costs, in order to maximize profits. Therefore, industrial plants will tend to locate near raw materials or markets to reduce transportation costs and near sources of labor to reduce labor costs.
Allen Pred’s theory (1967) is based on behavioural approach. Allen pred published his theory entitled ‘ behavior and location’ in which he devised a behvioural matrix to illustrate an analysis of locational decisions.
Assumptions:
• • • 1. Availability of locational information.
2. Ability to use the information



Hoover gave considerable attention to the impacts of supply and demand on locational analysis in the book of “The location of economic activity” (1948).
Hoover also considered the locational influences of short term economic changes such as recessions or times of high inflation (busts and booms), and to long tern trends such as innovations in technology.
Walter Isard was a prominent economist and regional scientist known for his contributions to the field of regional science. He is often considered one of the founders of regional science as an academic discipline. While Isard developed several theories and methodologies throughout his career, one of his notable contributions is the concept of "location theory" within regional science.
Location theory, also known as spatial economics, focuses on understanding the spatial distribution of economic activities and the factors that influence the location decisions of firms, households, and individuals.