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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.
the following table gives place under different states of nature Strategies States of nature s1 s2 s3 A 10000 3000 2000 B
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Write a note on economic interpretation of dual?
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difference between simplex solution procedure for maximisation and minimisation
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