Knowledge

Pareto principle

Source 📝

621: 203: 312: 84: 43: 298:. Pareto noted that approximately 80% of Italy's land was owned by 20% of the population. Juran applied the observation that 80% of an issue is caused by 20% of the causes to quality issues. Later during his career, Juran preferred to describe this as "the vital few and the useful many" to highlight that the contribution of the remaining 80% should not be discarded entirely. 146: 906:
All of the terms are independent of each other by definition. Interdependent factors appear as multiplication terms. The Pareto principle states that the effect of the dominant term is very much greater than the second-largest effect term, which in turn is very much greater than the third, and so on.
391:
The term 80/20 is only a shorthand for the general principle at work. In individual cases, the distribution could be nearer to 90/10 or 70/30. There is also no need for the two numbers to add up to the number 100, as they are measures of different things. The Pareto principle is an illustration of a
902:
The remarkable success of statistically based searches for root causes is based upon a combination of an empirical principle and mathematical logic. The empirical principle is usually known as the Pareto principle. With regard to variation causality, this principle states that there is a non-random
865:
professionals use the Pareto principle to underline the importance of hazard prioritization. Assuming 20% of the hazards account for 80% of the injuries, and by categorizing hazards, safety professionals can target those 20% of the hazards that cause 80% of the injuries or accidents. Alternatively,
849:
noted that by fixing the top 20% of the most-reported bugs, 80% of the related errors and crashes in a given system would be eliminated. Lowell Arthur expressed that "20% of the code has 80% of the errors. Find them, fix them!" It was also discovered that, in general, 80% of a piece of software can
632:
Pareto analysis is a creative way of looking at causes of problems because it helps stimulate thinking and organize thoughts. However, it can be limited by its exclusion of possibly important problems which may be small initially, but will grow with time. It should be combined with other analytical
910:
The mathematical logic is known as the square-root-of-the-sum-of-the-squares axiom. This states that the variation caused by the steepest slope must be squared, and then the result added to the square of the variation caused by the second-steepest slope, and so on. The total observed variation is
648:
or Fish-bone Analysis can be used to identify the root causes of the problems. While it is common to refer to pareto as "80/20" rule, under the assumption that, in all situations, 20% of causes determine 80% of problems, this ratio is merely a convenient rule of thumb and is not, nor should it be
628:
Pareto analysis is a formal technique useful where many possible courses of action are competing for attention. In essence, the problem-solver estimates the benefit delivered by each action, then selects a number of the most effective actions that deliver a total benefit reasonably close to the
951:
said 20% of patients incurred 80% of healthcare expenses due to chronic conditions. A 2021 analysis showed unequal distribution of healthcare costs, with older patients and those with poorer health incurring more costs. The 80/20 rule has been proposed as a rule of thumb for the infection
914:
The combination of the Pareto principle and the square-root-of-the-sum-of-the-squares axiom means that the strongest term in the general equation totally dominates the observed variation of effect. Thus, the strongest term will dominate the data collected for hypothesis testing.
1684: 911:
then the square root of the total sum of the variation caused by individual slopes squared. This derives from the probability density function for multiple variables or the multivariate distribution (we are treating each term as an independent variable).
898:
and procurement for the purpose of optimizing stock of goods, as well as costs of keeping and replenishing that stock. In engineering control theory, such as for electromechanical energy converters, the 80/20 principle applies to optimization efforts.
938:
approach, based on individual behavior rules defined for each agent in the economy. Wealth distribution and Pareto's 80/20 principle emerged in their results, which suggests the principle is a collective consequence of these individual rules.
869:
Aside from ensuring efficient accident prevention practices, the Pareto principle also ensures hazards are addressed in an economical order, because the technique ensures the utilized resources are best used to prevent the most accidents.
610: 1420:
Yakovenko, Victor M.; Silva, A. Christian (2005), Chatterjee, Arnab; Yarlagadda, Sudhakar; Chakrabarti, Bikas K. (eds.), "Two-class Structure of Income Distribution in the USA: Exponential Bulk and Power-law Tail",
719:. Pareto noticed that approximately 80% of Italy's land was owned by 20% of the population. He then carried out surveys on a variety of other countries and found to his surprise that a similar distribution applied. 404:
phenomena. This fact explains the frequent breakdowns of sophisticated financial instruments, which are modeled on the assumption that a Gaussian relationship is appropriate to something like stock price movements.
368:
The demonstration of the Pareto principle is explained by a large proportion of process variation being associated with a small proportion of process variables. This is a special case of the wider phenomenon of
1087: 644:
This technique helps to identify the top portion of causes that need to be addressed to resolve the majority of problems. Once the predominant causes are identified, then tools like the
866:
if hazards are addressed in random order, a safety professional is more likely to fix one of the 80% of hazards that account only for some fraction of the remaining 20% of injuries.
523: 1661: 1488: 2166: 948: 2010: 531: 2151: 850:
be written in 20% of the total allocated time. Conversely, the hardest 20% of the code takes 80% of the time. This factor is usually a part of
1571: 652:
The application of the Pareto analysis in risk management allows management to focus on those risks that have the most impact on the project.
1942: 1541: 1438: 1209: 1521: 789: 723: 726:
Report, which showed that the richest 20% of the world's population receives 82.7% of the world's income. However, among nations, the
1844: 1016: 1880: 1669: 1645: 1282: 634: 355: 189: 164: 127: 70: 56: 1375: 1250: 2136: 1382: 1471: 811:
suggest that the Pareto Principle can be applied to the role of the 20% most talented individuals in generating the majority of
2161: 2035: 842: 716: 1333: 862: 322: 94: 400:
and earthquakes. Because it is self-similar over a wide range of magnitudes, it produces outcomes completely different from
2131: 927: 1224: 274:) for a particular set of parameters. Many natural phenomena are distributed according to power law statistics. It is an 1851:
Klass, O. S.; Biham, O.; Levy, M.; Malcai, O.; Soloman, S. (2006), "The Forbes 400 and the Pareto wealth distribution",
1611:
Juran, Joseph M., Frank M. Gryna, and Richard S. Bingham. Quality control handbook. Vol. 3. New York: McGraw-Hill, 1974.
1536:
Pressman, Roger S. (2010). Software Engineering: A Practitioner's Approach (7th ed.). Boston, Mass: McGraw-Hill, 2010.
1978: 1301: 808: 2003: 2156: 2104: 825: 430: 2171: 1996: 883: 337: 109: 698:-axis. The vertical dotted line separates the important causes (on the left) and trivial causes (on the right) 2146: 956:. However, the degree of infectiousness has been found to be distributed continuously in the population. In 792:
and AC Silva analyzed income data from the US Internal Revenue Service from 1983 to 2001 and found that the
333: 206:
The Pareto principle may apply to fundraising, i.e. 20% of the donors contributing towards 80% of the total.
105: 985: 236:
developed the concept in the context of quality control and improvement after reading the works of Italian
248: 1958: 451: 2065: 230: 226:) states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few"). 62: 1620:
Shainin, Richard D. “Strategies for Technical Problem Solving.” 1992, Quality Engineering, 5:3, 433-448
662:
Arrange the rows in decreasing order of importance of the causes (i.e., the most important cause first)
1973: 294:
In 1941, Joseph M. Juran, a Romanian-born American engineer, came across the work of Italian polymath
2045: 1783: 1723: 1128: 953: 935: 788:
The principle also holds within the tails of the distribution. The physicist Victor Yakovenko of the
694:-axis to intersect the curve. Then draw a vertical dotted line from the point of intersection to the 907:
There is no explanation for this phenomenon; that is why we refer to it as an empirical principle.
903:
distribution of the slopes of the numerous (theoretically infinite) terms in the general equation.
793: 638: 401: 370: 279: 271: 823:
reported that 80% of revenue came from 20% of videotapes (although rarely rented classics such as
1144: 1118: 1051:
Box, George E.P.; Meyer, R. Daniel (1986). "An Analysis for Unreplicated Fractional Factorials".
1021: 701:
Explicitly review the chart to ensure that causes for at least 80% of the problems are captured
2079: 1938: 1876: 1809: 1749: 1641: 1537: 1480: 1452: 1434: 1278: 1205: 991: 919: 820: 283: 260: 31: 1968: 1103: 259:
was owned by 20% of the population. The Pareto principle is only tangentially related to the
2141: 1922: 1898: 1860: 1840: 1799: 1791: 1739: 1731: 1426: 1136: 1060: 838: 645: 256: 1026: 2126: 2019: 1399: 976: – Hypothesis that more people will lurk in a virtual community than will participate 961: 891: 812: 295: 244: 233: 1983: 1787: 1727: 1317: 1132: 1804: 1771: 1744: 1711: 1902: 2120: 1926: 1148: 923: 380:, which is one of the parameters characterizing a Pareto distribution, is chosen as 1297: 1064: 879: 442: 374: 1864: 1831:
Bookstein, Abraham (1990), "Informetric distributions, part I: Unified overview",
1381:. FAO, United Nations – Economic and Social Development Department. Archived from 1337: 1631: 804: 237: 1911:"The size distribution of cities: an examination of the Pareto law and primacy" 605:{\displaystyle A:B=\left({\frac {1+H}{2}}\right):\left({\frac {1-H}{2}}\right)} 202: 17: 2072: 1170: 1140: 931: 727: 620: 434: 1484: 1910: 1772:"Superspreading and the effect of individual variation on disease emergence" 1637: 1430: 979: 895: 887: 846: 624:
A Pareto analysis in a diagram showing which cause should be addressed first
397: 393: 267: 241: 1813: 1753: 973: 665:
Add a cumulative percentage column to the table, then plot the information
1984:
Simply Psychology: Pareto Principle (The 80-20 Rule): Examples & More
1123: 957: 1845:
10.1002/(SICI)1097-4571(199007)41:5<368::AID-ASI8>3.0.CO;2-C
1795: 1084: 960:
with super-spreading, the majority of individuals infect relatively few
1270: 796:
of the richest 1–3% of the population also follows Pareto's principle.
1873:
Living the 80/20 Way: Work Less, Worry Less, Succeed More, Enjoy More
851: 730:
shows that wealth distributions vary substantially around this norm.
247:, who wrote in 1906 about the 80/20 connection while teaching at the 1735: 340:. Statements consisting only of original research should be removed. 112:. Statements consisting only of original research should be removed. 1988: 1555: 619: 275: 201: 1963: 388:
5 ≈ 1.16, then one has 80% of effects coming from 20% of causes.
1691:. Peterson Center on Healthcare and the Kaiser Family Foundation 1992: 1633:
Growing Artificial Societies: Social Science from the Bottom-Up
1523:
Microsoft's CEO: 80–20 Rule Applies To Bugs, Not Just Features
305: 139: 77: 36: 1889:
Reed, W. J. (2001), "The Pareto, Zipf and other power laws",
1202:
Manuale di economia politica ("Manual of political economy")
1770:
Lloyd-Smith, JO; Schreiber, SJ; Kopp, PE; Getz, WM (2005).
1275:
How Nature Works: the science of self-organized criticality
1225:"Pareto Principle (80/20 Rule) & Pareto Analysis Guide" 1662:"Myrl Weinberg: In health-care reform, the 20-80 solution" 1171:"The 80/20 Rule of Sales: How to Find Your Best Customers" 890:
techniques. The Pareto principle serves as a baseline for
722:
A chart that demonstrated the effect appeared in the 1992
255:, Pareto showed that approximately 80% of the land in the 1423:
Econophysics of Wealth Distributions: Econophys-Kolkata I
655:
Steps to identify the important causes using 80/20 rule:
266:
Mathematically, the 80/20 rule is roughly described by a
1685:"How do health expenditures vary across the population?" 1425:, New Economic Windows, Springer Milan, pp. 15–23, 1376:"Poverty, Growth, and Inequality over the Next 50 Years" 1833:
Journal of the American Society for Information Science
396:" relationship, which also occurs in phenomena such as 329: 160: 101: 1765: 1763: 27:
Statistical principle about ratio of effects to causes
1935:
The handbook of logistics and distribution management
1017:"Joseph Juran, 103, Pioneer in Quality Control, Dies" 829:
must be stocked to appear to have a good selection).
534: 454: 445:(H) can be computed. In this case both are the same: 1599: 2096: 2057: 2026: 1470: 1104:"Power laws, Pareto Distributions, and Zipf's law" 604: 517: 1959:Pareto Principle: Rule of causes and consequences 988: – Humorous aphorism in computer programming 1507:Genetic Algorithms and Engineering Optimization 1500: 1498: 659:Form a frequency of occurrences as a percentage 1560:. Toronto, ON: Ryerson University. p. 86. 1082:. F. Rouge (Lausanne) & F. Pichon (Paris). 994: – "Ninety percent of everything is crap" 690:Draw a horizontal dotted line at 80% from the 165:sources that evaluate within a broader context 2004: 1979:Wealth Condensation in Pareto Macro-Economies 1933:Rushton, A.; Oxley, J.; Croucher, P. (2000), 30:For the optimal allocation of resources, see 8: 1712:"Epidemiology: Dimensions of superspreading" 1572:"Introduction to Risk-based Decision-Making" 715:Pareto's observation was in connection with 1710:Galvani, Alison P.; May, Robert M. (2005). 1359:United Nations Development Program (1992), 1080:Cours d'Économie Politique (in two volumes) 421:" notation (for example, 0.8:0.2) and with 71:Learn how and when to remove these messages 2011: 1997: 1989: 1197:Pareto, Vilfredo; Page, Alfred N. (1971), 949:Agency for Healthcare Research and Quality 878:The Pareto principle is the basis for the 1803: 1743: 1122: 580: 551: 533: 514: 509: 492: 484: 467: 453: 356:Learn how and when to remove this message 190:Learn how and when to remove this message 128:Learn how and when to remove this message 1630:Epstein, Joshua; Axtell, Robert (1996), 1401:Human Development Report 1992, Chapter 3 732: 649:considered, an immutable law of nature. 1875:, London: Nicholas Brealey Publishing, 1097: 1095: 1004: 841:the Pareto principle can be applied to 1192: 1190: 1689:Peterson-Kaiser Health System Tracker 1010: 1008: 801:Talent: How to Identify Entrepreneurs 679:Plot (#2) a bar graph with causes on 155:focuses too much on specific examples 7: 1969:ParetoRule.cf : The Pareto Rule 1937:(2nd ed.), London: Kogan Page, 1600:Rushton, Oxley & Croucher (2000) 1046: 1044: 790:University of Maryland, College Park 282:that "80% of sales come from 20% of 1459:, No 13, avril-may-juin 2023, p. 71 1363:, New York: Oxford University Press 918:In the systems science discipline, 518:{\displaystyle H=G=|2A-1|=|1-2B|\,} 2167:Tails of probability distributions 1909:Rosen, K. T.; Resnick, M. (1980), 724:United Nations Development Program 25: 1520:Rooney, Paula (October 3, 2002), 1472:"A Tight Squeeze at Video Stores" 894:and XYZ-analysis, widely used in 668:Plot (#1) a curve with causes on 635:failure mode and effects analysis 409:Gini coefficient and Hoover index 52:This article has multiple issues. 1964:ParetoRule.cf : Pareto Rule 1683:Sawyer, Bradley; Claxton, Gary. 1660:Weinberg, Myrl (July 27, 2009). 1491:from the original on 2015-05-25. 1469:Kleinfield, N. R. (1988-05-01). 1318:Project Risk and Risk Management 854:estimating for software coding. 734:Distribution of world GDP, 1989 310: 144: 82: 41: 2152:Statistical charts and diagrams 2036:The Rise and Fall of the Elites 1015:Bunkley, Nick (March 3, 2008). 882:, one of the key tools used in 874:Engineering and quality control 672:- and cumulative percentage on 402:Normal or Gaussian distribution 60:or discuss these issues on the 1374:Hillebrand, Evan (June 2009). 1258:The Plymouth Student Scientist 1169:Marshall, Perry (2013-10-09). 1078:Pareto, Vilfredo (1896–1897). 1065:10.1080/00401706.1986.10488093 863:Occupational health and safety 858:Occupational health and safety 510: 493: 485: 468: 270:distribution (also known as a 1: 1974:About.com: Pareto's Principle 1903:10.1016/S0165-1765(01)00524-9 1865:10.1016/j.econlet.2005.08.020 1361:1992 Human Development Report 1927:10.1016/0094-1190(80)90043-1 1557:Safety Evaluation Techniques 224:principle of factor sparsity 1581:. United States Coast Guard 1505:Gen, M.; Cheng, R. (2002), 1306:, pp. 229–252, 274–285 683:- and percent frequency on 336:the claims made and adding 108:the claims made and adding 2188: 1915:Journal of Urban Economics 1554:Woodcock, Kathryn (2010). 943:Health and social outcomes 253:Cours d'économie politique 29: 2105:Italian school of elitism 1141:10.1080/00107510500052444 741: 738: 1457:Paris Vous Aime Magazine 1277:, Springer, p. 89, 982: – Health statistic 302:Mathematical explanation 2137:Problem solving methods 1431:10.1007/88-470-0389-x_2 739:Quintile of population 2162:Statistical principles 1666:The Providence Journal 1322:Retrieved May 16, 2010 1251:"The Pareto Principle" 936:decentralized modeling 928:agent-based simulation 845:efforts. For example, 629:maximal possible one. 625: 606: 519: 249:University of Lausanne 207: 2066:Circulation of elites 954:superspreading events 884:total quality control 717:population and wealth 623: 607: 520: 251:. In his first work, 231:management consultant 205: 2132:Eponyms in economics 2046:The Mind and Society 1111:Contemporary Physics 1102:Newman, MEJ (2005). 1029:on September 6, 2017 532: 452: 371:Pareto distributions 220:law of the vital few 161:improve this article 1796:10.1038/nature04153 1788:2005Natur.438..355L 1728:2005Natur.438..293G 1579:USCG Safety Program 1133:2005ConPh..46..323N 815:. According to the 794:income distribution 735: 639:fault tree analysis 431:inequality measures 280:business management 272:Pareto distribution 214:(also known as the 1477:The New York Times 1340:on 8 February 2012 1022:The New York Times 986:Ninety–ninety rule 962:secondary contacts 826:Gone with the Wind 821:video rental shops 733: 626: 602: 515: 321:possibly contains 208: 93:possibly contains 2114: 2113: 2080:Pareto efficiency 1944:978-0-7494-3365-9 1891:Economics Letters 1871:Koch, R. (2004), 1853:Economics Letters 1782:(7066): 355–359. 1722:(7066): 293–295. 1542:978-0-07-337597-7 1509:, New York: Wiley 1440:978-88-470-0389-7 1334:"Pareto Analysis" 1211:978-0-678-00881-2 920:Joshua M. Epstein 807:and entrepreneur 786: 785: 596: 567: 366: 365: 358: 323:original research 261:Pareto efficiency 200: 199: 192: 182: 181: 138: 137: 130: 95:original research 75: 32:Pareto efficiency 16:(Redirected from 2179: 2157:Statistical laws 2107: 2089: 2087:Pareto principle 2082: 2075: 2068: 2050: 2040: 2013: 2006: 1999: 1990: 1947: 1929: 1905: 1885: 1867: 1847: 1818: 1817: 1807: 1767: 1758: 1757: 1747: 1707: 1701: 1700: 1698: 1696: 1680: 1674: 1673: 1668:. Archived from 1657: 1651: 1650: 1627: 1621: 1618: 1612: 1609: 1603: 1597: 1591: 1590: 1588: 1586: 1576: 1568: 1562: 1561: 1551: 1545: 1534: 1528: 1527: 1517: 1511: 1510: 1502: 1493: 1492: 1474: 1466: 1460: 1450: 1444: 1443: 1417: 1411: 1410: 1409: 1408: 1396: 1390: 1389: 1387: 1380: 1371: 1365: 1364: 1356: 1350: 1349: 1347: 1345: 1336:. Archived from 1330: 1324: 1314: 1308: 1307: 1294: 1288: 1287: 1267: 1261: 1260: 1255: 1249:Dunford (2014), 1246: 1240: 1239: 1237: 1236: 1221: 1215: 1214: 1194: 1185: 1184: 1182: 1181: 1166: 1160: 1159: 1157: 1155: 1126: 1124:cond-mat/0412004 1108: 1099: 1090: 1083: 1075: 1069: 1068: 1048: 1039: 1038: 1036: 1034: 1025:. Archived from 1012: 952:distribution in 839:computer science 736: 646:Ishikawa diagram 611: 609: 608: 603: 601: 597: 592: 581: 572: 568: 563: 552: 524: 522: 521: 516: 513: 496: 488: 471: 361: 354: 350: 347: 341: 338:inline citations 314: 313: 306: 257:Kingdom of Italy 212:Pareto principle 195: 188: 177: 174: 168: 148: 147: 140: 133: 126: 122: 119: 113: 110:inline citations 86: 85: 78: 67: 45: 44: 37: 21: 2187: 2186: 2182: 2181: 2180: 2178: 2177: 2176: 2172:Vilfredo Pareto 2117: 2116: 2115: 2110: 2103: 2092: 2085: 2078: 2071: 2064: 2053: 2043: 2033: 2022: 2020:Vilfredo Pareto 2017: 1955: 1945: 1932: 1908: 1888: 1883: 1870: 1850: 1830: 1827: 1825:Further reading 1822: 1821: 1769: 1768: 1761: 1736:10.1038/438293a 1709: 1708: 1704: 1694: 1692: 1682: 1681: 1677: 1659: 1658: 1654: 1648: 1640:, p. 208, 1629: 1628: 1624: 1619: 1615: 1610: 1606: 1598: 1594: 1584: 1582: 1574: 1570: 1569: 1565: 1553: 1552: 1548: 1535: 1531: 1519: 1518: 1514: 1504: 1503: 1496: 1468: 1467: 1463: 1451: 1447: 1441: 1419: 1418: 1414: 1406: 1404: 1398: 1397: 1393: 1385: 1378: 1373: 1372: 1368: 1358: 1357: 1353: 1343: 1341: 1332: 1331: 1327: 1315: 1311: 1296: 1295: 1291: 1285: 1269: 1268: 1264: 1253: 1248: 1247: 1243: 1234: 1232: 1223: 1222: 1218: 1212: 1204:, A.M. Kelley, 1196: 1195: 1188: 1179: 1177: 1168: 1167: 1163: 1153: 1151: 1106: 1101: 1100: 1093: 1077: 1076: 1072: 1050: 1049: 1042: 1032: 1030: 1014: 1013: 1006: 1001: 970: 945: 876: 860: 835: 813:economic growth 713: 708: 618: 582: 576: 553: 547: 530: 529: 450: 449: 411: 387: 362: 351: 345: 342: 327: 315: 311: 304: 296:Vilfredo Pareto 292: 245:Vilfredo Pareto 234:Joseph M. Juran 196: 185: 184: 183: 178: 172: 169: 158: 149: 145: 134: 123: 117: 114: 99: 87: 83: 46: 42: 35: 28: 23: 22: 18:80/20 principle 15: 12: 11: 5: 2185: 2183: 2175: 2174: 2169: 2164: 2159: 2154: 2149: 2147:Rules of thumb 2144: 2139: 2134: 2129: 2119: 2118: 2112: 2111: 2109: 2108: 2100: 2098: 2094: 2093: 2091: 2090: 2083: 2076: 2069: 2061: 2059: 2055: 2054: 2052: 2051: 2041: 2030: 2028: 2024: 2023: 2018: 2016: 2015: 2008: 2001: 1993: 1987: 1986: 1981: 1976: 1971: 1966: 1961: 1954: 1953:External links 1951: 1950: 1949: 1943: 1930: 1921:(2): 165–186, 1906: 1886: 1881: 1868: 1859:(2): 290–295, 1848: 1839:(5): 368–375, 1826: 1823: 1820: 1819: 1759: 1702: 1675: 1672:on 2009-08-02. 1652: 1646: 1622: 1613: 1604: 1602:, pp. 107–108. 1592: 1563: 1546: 1529: 1512: 1494: 1461: 1453:Paris Aéroport 1445: 1439: 1412: 1391: 1388:on 2017-10-20. 1366: 1351: 1325: 1316:David Litten, 1309: 1303:The Black Swan 1289: 1283: 1262: 1241: 1216: 1210: 1200:Translation of 1186: 1161: 1117:(5): 323–351. 1091: 1070: 1040: 1003: 1002: 1000: 997: 996: 995: 992:Sturgeon's law 989: 983: 977: 969: 966: 944: 941: 875: 872: 859: 856: 834: 831: 819:in 1988, many 817:New York Times 784: 783: 780: 776: 775: 772: 768: 767: 764: 760: 759: 756: 752: 751: 748: 744: 743: 740: 712: 709: 707: 704: 703: 702: 699: 688: 677: 666: 663: 660: 633:tools such as 617: 614: 613: 612: 600: 595: 591: 588: 585: 579: 575: 571: 566: 562: 559: 556: 550: 546: 543: 540: 537: 526: 525: 512: 508: 505: 502: 499: 495: 491: 487: 483: 480: 477: 474: 470: 466: 463: 460: 457: 410: 407: 385: 364: 363: 318: 316: 309: 303: 300: 291: 288: 198: 197: 180: 179: 152: 150: 143: 136: 135: 90: 88: 81: 76: 50: 49: 47: 40: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 2184: 2173: 2170: 2168: 2165: 2163: 2160: 2158: 2155: 2153: 2150: 2148: 2145: 2143: 2140: 2138: 2135: 2133: 2130: 2128: 2125: 2124: 2122: 2106: 2102: 2101: 2099: 2097:Miscellaneous 2095: 2088: 2084: 2081: 2077: 2074: 2070: 2067: 2063: 2062: 2060: 2056: 2048: 2047: 2042: 2038: 2037: 2032: 2031: 2029: 2025: 2021: 2014: 2009: 2007: 2002: 2000: 1995: 1994: 1991: 1985: 1982: 1980: 1977: 1975: 1972: 1970: 1967: 1965: 1962: 1960: 1957: 1956: 1952: 1946: 1940: 1936: 1931: 1928: 1924: 1920: 1916: 1912: 1907: 1904: 1900: 1896: 1892: 1887: 1884: 1882:1-85788-331-4 1878: 1874: 1869: 1866: 1862: 1858: 1854: 1849: 1846: 1842: 1838: 1834: 1829: 1828: 1824: 1815: 1811: 1806: 1801: 1797: 1793: 1789: 1785: 1781: 1777: 1773: 1766: 1764: 1760: 1755: 1751: 1746: 1741: 1737: 1733: 1729: 1725: 1721: 1717: 1713: 1706: 1703: 1690: 1686: 1679: 1676: 1671: 1667: 1663: 1656: 1653: 1649: 1647:0-262-55025-3 1643: 1639: 1635: 1634: 1626: 1623: 1617: 1614: 1608: 1605: 1601: 1596: 1593: 1580: 1573: 1567: 1564: 1559: 1558: 1550: 1547: 1543: 1539: 1533: 1530: 1525: 1524: 1516: 1513: 1508: 1501: 1499: 1495: 1490: 1486: 1482: 1478: 1473: 1465: 1462: 1458: 1454: 1449: 1446: 1442: 1436: 1432: 1428: 1424: 1416: 1413: 1403: 1402: 1395: 1392: 1384: 1377: 1370: 1367: 1362: 1355: 1352: 1339: 1335: 1329: 1326: 1323: 1319: 1313: 1310: 1305: 1304: 1299: 1298:Taleb, Nassim 1293: 1290: 1286: 1284:0-387-94791-4 1280: 1276: 1272: 1266: 1263: 1259: 1252: 1245: 1242: 1230: 1226: 1220: 1217: 1213: 1207: 1203: 1199: 1193: 1191: 1187: 1176: 1172: 1165: 1162: 1150: 1146: 1142: 1138: 1134: 1130: 1125: 1120: 1116: 1112: 1105: 1098: 1096: 1092: 1089: 1086: 1081: 1074: 1071: 1066: 1062: 1058: 1054: 1053:Technometrics 1047: 1045: 1041: 1028: 1024: 1023: 1018: 1011: 1009: 1005: 998: 993: 990: 987: 984: 981: 978: 975: 972: 971: 967: 965: 963: 959: 955: 950: 947:In 2009, the 942: 940: 937: 933: 930:model called 929: 925: 924:Robert Axtell 921: 916: 912: 908: 904: 900: 897: 893: 889: 885: 881: 873: 871: 867: 864: 857: 855: 853: 848: 844: 840: 832: 830: 828: 827: 822: 818: 814: 810: 806: 802: 797: 795: 791: 781: 778: 777: 773: 770: 769: 765: 762: 761: 757: 754: 753: 749: 746: 745: 737: 731: 729: 725: 720: 718: 710: 705: 700: 697: 693: 689: 686: 682: 678: 675: 671: 667: 664: 661: 658: 657: 656: 653: 650: 647: 642: 641:for example. 640: 636: 630: 622: 615: 598: 593: 589: 586: 583: 577: 573: 569: 564: 560: 557: 554: 548: 544: 541: 538: 535: 528: 527: 506: 503: 500: 497: 489: 481: 478: 475: 472: 464: 461: 458: 455: 448: 447: 446: 444: 440: 436: 432: 428: 424: 420: 416: 408: 406: 403: 399: 395: 389: 383: 379: 376: 372: 360: 357: 349: 339: 335: 331: 325: 324: 319:This section 317: 308: 307: 301: 299: 297: 289: 287: 285: 281: 277: 273: 269: 264: 262: 258: 254: 250: 246: 243: 239: 235: 232: 227: 225: 221: 217: 213: 204: 194: 191: 176: 166: 162: 156: 153:This article 151: 142: 141: 132: 129: 121: 111: 107: 103: 97: 96: 91:This article 89: 80: 79: 74: 72: 65: 64: 59: 58: 53: 48: 39: 38: 33: 19: 2086: 2044: 2034: 1934: 1918: 1914: 1897:(1): 15–19, 1894: 1890: 1872: 1856: 1852: 1836: 1832: 1779: 1775: 1719: 1715: 1705: 1693:. Retrieved 1688: 1678: 1670:the original 1665: 1655: 1632: 1625: 1616: 1607: 1595: 1583:. Retrieved 1578: 1566: 1556: 1549: 1532: 1526:, ChannelWeb 1522: 1515: 1506: 1476: 1464: 1456: 1448: 1422: 1415: 1405:, retrieved 1400: 1394: 1383:the original 1369: 1360: 1354: 1342:. Retrieved 1338:the original 1328: 1321: 1312: 1302: 1292: 1274: 1265: 1257: 1244: 1233:. Retrieved 1231:. 2019-03-12 1228: 1219: 1201: 1198: 1178:. Retrieved 1175:Entrepreneur 1174: 1164: 1152:. Retrieved 1114: 1110: 1079: 1073: 1059:(1): 11–18. 1056: 1052: 1031:. Retrieved 1027:the original 1020: 946: 917: 913: 909: 905: 901: 892:ABC-analysis 880:Pareto chart 877: 868: 861: 843:optimization 836: 824: 816: 809:Daniel Gross 803:, economist 800: 798: 787: 779:Poorest 20% 747:Richest 20% 721: 714: 706:Applications 695: 691: 684: 680: 673: 669: 654: 651: 643: 631: 627: 443:Hoover index 438: 426: 422: 418: 414: 412: 390: 381: 377: 375:Pareto index 367: 352: 343: 320: 293: 265: 252: 228: 223: 219: 215: 211: 209: 186: 170: 159:Please help 154: 124: 115: 92: 68: 61: 55: 54:Please help 51: 926:created an 805:Tyler Cowen 771:Fourth 20% 755:Second 20% 413:Using the " 238:sociologist 173:August 2022 118:August 2022 2121:Categories 2073:Ophelimity 1585:14 January 1407:2007-07-08 1344:12 January 1235:2021-02-27 1180:2018-01-05 1033:25 January 999:References 932:Sugarscape 763:Third 20% 728:Gini index 435:Gini index 398:bush fires 330:improve it 216:80/20 rule 163:by adding 102:improve it 57:improve it 1638:MIT Press 1485:0362-4331 1149:202719165 980:10/90 gap 958:epidemics 934:, from a 896:logistics 888:Six Sigma 847:Microsoft 833:Computing 711:Economics 587:− 501:− 479:− 433:like the 394:power law 373:. If the 334:verifying 268:power law 242:economist 229:In 1941, 106:verifying 63:talk page 2058:Concepts 1814:16292310 1754:16292292 1695:13 March 1489:Archived 1300:(2007), 1273:(1999), 1271:Bak, Per 1154:10 April 1088:Volume 2 1085:Volume 1 968:See also 616:Analysis 346:May 2020 222:and the 2142:Quality 1805:7094981 1784:Bibcode 1745:7095140 1724:Bibcode 1129:Bibcode 974:1% rule 758:11.75% 750:82.70% 742:Income 328:Please 290:History 284:clients 100:Please 2127:Adages 2049:(1916) 2039:(1900) 1941:  1879:  1812:  1802:  1776:Nature 1752:  1742:  1716:Nature 1644:  1540:  1483:  1437:  1281:  1208:  1147:  852:COCOMO 782:1.40% 774:1.85% 766:2.30% 218:, the 2027:Books 1575:(PDF) 1386:(PDF) 1379:(PDF) 1254:(PDF) 1229:Juran 1145:S2CID 1119:arXiv 1107:(PDF) 687:-axis 676:-axis 429:= 1, 384:= log 276:adage 1939:ISBN 1877:ISBN 1810:PMID 1750:PMID 1697:2019 1642:ISBN 1587:2012 1538:ISBN 1481:ISSN 1435:ISBN 1346:2012 1279:ISBN 1206:ISBN 1156:2011 1035:2018 922:and 886:and 637:and 441:the 437:(G) 240:and 210:The 1923:doi 1899:doi 1861:doi 1841:doi 1800:PMC 1792:doi 1780:438 1740:PMC 1732:doi 1720:438 1427:doi 1137:doi 1061:doi 837:In 799:In 439:and 332:by 286:." 278:of 104:by 2123:: 1917:, 1913:, 1895:74 1893:, 1857:90 1855:, 1837:41 1835:, 1808:. 1798:. 1790:. 1778:. 1774:. 1762:^ 1748:. 1738:. 1730:. 1718:. 1714:. 1687:. 1664:. 1636:, 1577:. 1497:^ 1487:. 1479:. 1475:. 1455:, 1433:, 1320:, 1256:, 1227:. 1189:^ 1173:. 1143:. 1135:. 1127:. 1115:46 1113:. 1109:. 1094:^ 1057:28 1055:. 1043:^ 1019:. 1007:^ 964:. 425:+ 263:. 66:. 2012:e 2005:t 1998:v 1948:. 1925:: 1919:8 1901:: 1863:: 1843:: 1816:. 1794:: 1786:: 1756:. 1734:: 1726:: 1699:. 1589:. 1544:. 1429:: 1348:. 1238:. 1183:. 1158:. 1139:: 1131:: 1121:: 1067:. 1063:: 1037:. 696:x 692:y 685:y 681:x 674:y 670:x 599:) 594:2 590:H 584:1 578:( 574:: 570:) 565:2 561:H 558:+ 555:1 549:( 545:= 542:B 539:: 536:A 511:| 507:B 504:2 498:1 494:| 490:= 486:| 482:1 476:A 473:2 469:| 465:= 462:G 459:= 456:H 427:B 423:A 419:B 417:: 415:A 392:" 386:4 382:α 378:α 359:) 353:( 348:) 344:( 326:. 193:) 187:( 175:) 171:( 167:. 157:. 131:) 125:( 120:) 116:( 98:. 73:) 69:( 34:. 20:)

Index

80/20 principle
Pareto efficiency
improve it
talk page
Learn how and when to remove these messages
original research
improve it
verifying
inline citations
Learn how and when to remove this message
improve this article
sources that evaluate within a broader context
Learn how and when to remove this message

management consultant
Joseph M. Juran
sociologist
economist
Vilfredo Pareto
University of Lausanne
Kingdom of Italy
Pareto efficiency
power law
Pareto distribution
adage
business management
clients
Vilfredo Pareto
original research
improve it

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.