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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.
Important to Theoretical Distribution The science of theoretical distribution under which the frequencies of a variable are derived by some mathematical model without
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complica
classification
USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJECT TO CONSTRAINS, 2X1+X2 2X1+5X2 2X1+3X2 X1, X2>0
asm-method
models of inventory management
Small Sample The central limit theorem does not work well with small samples even if the population in non Gaussian. So we cannot rely on the central limit theorem
Periodical Article A periodical is a publication that is published periodically like a newspaper a magazine and a journal. Usually periodicals have volume numbers and n
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