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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.
Royce A. Singleton and Bruce C. Straits have said that scientific social research consists of the process of formulating and seeking answers to question about the social wor
DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT
A DRUG MANUFACTURER produces 2 products X1 and X2.X1 needs 2 hours on machine A AND 2 HOURS ON MACHINE B.X2 needs 3 hours on machine A and 1 hour on machine B.If machine A can run
different classification of models in operation research
simple Size When a survey is undertaken and it is not possible to cover the entire population, the marketing researcher has to answer a basic question - how large s
use of game theory by state bank of india
In a rectangular game, pay-off matrix of player A is as follows: i) Solve the game. ii) Write down the pay-off matrix of B and then, solve the game.
Assumption of F- Test The theoretical assumption on which F test is based are: 1.The populations for each sample must be normally distributed with identical mean
advantages of northwest corner method
A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.
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