Most everyone has heard of the “80-20 rule”. It asserts that for many situations, roughly 80% of the effects (outcomes) come from 20% of the causes (inputs). This rule was first proposed in the early 1900s by Vilfredo Pareto, who was an Italian engineer, sociologist, economist, political scientist, philosopher,…
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Entries tagged with: Pareto Principle
- by Todd Stauffer
- Monday, March 20, 2017
- Alarm Management