Generally be classified as numeric or non numeric models

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The process of evaluating proposed projects and then deciding to implement some of them to meet organizational goals is called project selection. Organizations consider several factors and use various models before making a choice between two or more alternative projects. Project selection models can generally be classified as numeric or nonnumeric models.

Based on your reading for this unit, distinguish between the two categories of project selection models. What are the advantages and disadvantages of each category?

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