1 Element of the communication feed back is also missed in this model.2 this model is only a representative of telephonic communication not face to face communication.
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Advantages of Shannon and Weaver's model:simplicity,generality,quantiability.Disadvantage is that the model:linear,one way model,ascribing a secondary role to the "receiver", who is seen as absorbing information.
There are so many different types and models of communication. The most common include Aristotle's Model, Shannon-Weaver model, modern communication model and Thayer's model among others.
Wilbur Schramm based his work on Shannon and Weaver, but he developed the idea of encoding more from a humanistic or experiential point of view compared to Shannon's technical and mathematical approach. See link for more.
C.E.Shannon & Weaver
Sure sounds like Sigourney Weaver...?