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Merits
a.It is simple to understand and easy to calculate.
b.It is very useful in the case of data which are of qualitative nature like intelligence honesty beauty efficiency etc.
c.No other methods can be used when ranks are given except this.
d.When the actual data are given this method can also applied.
A company produce three sizes of windows fans small,medium and large. The manager has formulated an LP model for production.
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Which model is described as a rule of thumb
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