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What are the advantages and disadvantages of the following decision-making approaches? Explain in detail (a) Lexicographic. (b) Semi-lexicographic. (c) Elimination by aspects. (d) Satisficing.

What are the advantages and disadvantages of the following decision-making approaches? Explain in detail

(a) Lexicographic.

(b) Semi-lexicographic.

(d) Satisficing.

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