- Pareto’s principle
- Gen Mgtsee eightytwenty rule
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Pareto’s principle
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Pareto principle — The Pareto principle (also known as the 80 20 rule, the law of the vital few and the principle of factor sparsity) states that, for many events, 80% of the effects come from 20% of the causes. Business management thinker Joseph M. Juran suggested … Wikipedia
Pareto efficiency — Pareto efficiency, or Pareto optimality, is an important concept in economics with broad applications in game theory, engineering and the social sciences. The term is named after Vilfredo Pareto, an Italian economist who used the concept in his… … Wikipedia
principle — prin‧ci‧ple [ˈprɪnspl] noun 1. [countable, uncountable] a moral rule or set of ideas that makes you behave in a particular way: • The single European market works on market principles. • As a matter of principle (= a rule that is very important … Financial and business terms
Pareto — can refer to:*Vilfredo Pareto (1848–1923), Italian sociologist, economist and philosopher; *Paula Pareto (born 1986), Argentine judokaSeveral things named after Vilfredo Pareto:*Pareto chart, an ordered bar chart used in statistical quality… … Wikipedia
Pareto analysis — is a statistical technique in decision making that is used for selection of a limited number of tasks that produce significant overall effect. It uses the Pareto principle the idea that by doing 20% of work you can generate 80% of the advantage… … Wikipedia
Pareto's Law — Paˈreto s ˌLaw also Paˈreto s ˌprinciple, Paˈreto s ˌrule noun ECONOMICS the idea that a small part of something is responsible for a large part of its value. For example, 20% of the work people do produces 80% of the rewards. It is also… … Financial and business terms
Pareto principle — Put in terms of preferences, this is the principle that (i) if everyone in a society is indifferent between two alternatives then the society should be indifferent as well, and (ii) if at least one individual prefers x to y, and everyone else… … Philosophy dictionary
Pareto distribution — Probability distribution name =Pareto type =density pdf cdf Pareto cumulative distribution functions for various k with x m = 1. The horizontal axis is the x parameter. parameters =x mathrm{m}>0, scale (real) k>0, shape (real) support =x in [x… … Wikipedia
Pareto index — In economics the Pareto index, named after the Italian economist and sociologist Vilfredo Pareto, is a measure of the breadth of income or wealth distribution. It is one of the parameters specifying a Pareto distribution and embodies the Pareto… … Wikipedia
Pareto Principle — A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The principle states that, for many phenomena, 20% of invested input is responsible for 80% of the results obtained. Put… … Investment dictionary
Pareto principle — A principle of welfare economics derived from the writings of Vilfredo Pareto , which states that a legitimate welfare improvement occurs when a particular change makes at least one person better off, without making any other person worse off. A… … Dictionary of sociology
